Lachlan Star

CMD Gold Mine Resource Update General Update 03-04-2012 CMD Gold Mine Resource Update Lachlan Star announced an updated and increased mineral resource for the Tres Perlas at its 100% owned CMD Gold Mine in Chile. This latest estimate represents an increase of 153,000oz Au after the collection of an additional one months data post the February estimate and will be the basis for the NI 43101 Technical Report to be filed shortly. The CMD Gold Mine Indicated mineral resource now contains 1.79Moz Au and the Inferred mineral resources contain a further 1.34Moz Au. Global mineral resources are now in excess of 3Moz Au. http://www.topstocks.com.au/stock_discussion_forum.php?action=searchgo&searchtype=fid&fid=2787

Lachlan Star broad gold hits continue from CMD mine in Chile Tuesday, August 23, 2011 by John Phillips Lachlan Star (ASX: LSA) continues to deliver a positive news flow from the gold producing CMD Gold mine in Chile - with the latest a string of broad gold hits outside of the resource model. The impact from this is the company now expects a resource upgrade in the December quarter, along with some of the Inferred resources boosted to the higher confidence categories of Measured and Indicated. The best bit is that the mine is about to become a whole lot more profitable. Mick McMullen, managing director, told Proactive Investors today, that the economics of the CMD are mainly impacted by production rates given the plant is running at low throughput rates due to lack of ore. "The plan for the mine is to take it from the 1.5Mtpa it was at in December 2010, to 2.7Mtpa annualised this quarter, then around 3.5mtpa annualised next quarter. "This will see cash costs fall from around US$1100/oz when we bought it to mid US$700's by the end of the year." .... http://www.proactiveinvestors.com.au/companies/news/18881/lachlan-star-broad-gold-hits-continue-from-cmd-mine-in-chile-18881.html