Following its ASX listing as a junior explorer in April 2002, Avoca has grown dramatically to become an ASX 200 gold mining company, headquartered in Perth, Western Australia.
In late 2004, Avoca discovered the high-grade underground Trident ore body within the historic Higginsville gold mining district it had acquired in mid 2004 for $AUD6.25M. Trident now forms the backbone of the Higginsville Gold Operation which is scheduled to produce in excess of 190,000 ounces in FY2010 at a cash operating cost of AUD$452/oz. With a growing resource base in excess of 1.45 million ounces, Avoca's management is confident that Higginsville will have a mine life of 10+ years.
Avoca's senior management team include a highly competent and experienced group of mining professionals which have held senior operational roles in several of Western Australia's largest mining centres. Avoca's managing director, Rohan Williams, has more than 15 years experience in the Kalgoorlie to Norseman region having worked as chief geologist at both the 15+ million ounce St Ives field immediately north of Higginsville, and the 6+ million ounce Norseman field immediately to the south.
Avoca's strategy of developing a dominant position in Australia's richest gold belt, being from Kalgoorlie to Norseman, has taken a significant step forward following the successful takeover of Dioro Exploration NL. Combining the Higginsville and South Kalgoorlie asset bases will provide Avoca an annual production profile of 280,000+ ounces from two processing hubs, a reserve base in excess of 1 million ounces and a resource base of 4+ million ounces. Avoca views the combined exploration holding of over 3,500km2 as one of the very best exploration opportunities for gold in Australia.
The company has wide broker coverage and is viewed as an excellent example of company growth generated through organic exploration success. It has a history of delivering above expectations and has a very supportive shareholder base.
Avoca's Board and management team hold approximately 3% of its issued capital.
Market Reports /
by -
14 years ago
04 Feb 2011 - Aus shares at 10 month high. Insurance Australia Group Ltd (ASX:IAG) expects claim costs from floods in Queensland, NSW and Victoria to hit between $135 million to $1…
Company News /
by -
14 years ago
02 Feb 2011 - Avoca Resources Ltd (ASX:AVO) moves in on its takeover target, Anatolia Minerals Development Ltd, with court approval the last remaining hurdle.
Stock Watch /
by -
14 years ago
Investment advisor James Gerrish takes a technical look at S&P 500, Dow Jones, Dow Jones Transports, S&P/ASX200, Light Crude, Gold, CRB Index, Mineral Resources, PAN, AVO, APA.
Company News /
by -
14 years ago
10 Sep 2010 - Avoca Resources Ltd (ASX:AVO) will need to convince the market of the benefits of its newly announced US$2 billion merger with Anatolia Minerals.
Company News /
by -
14 years ago
09 Sep 2010 - Avoca Resources Ltd (ASX:AVO) and Canadian company Anatolia Minerals Development have agreed to merge.
Market Reports /
by -
14 years ago
02 Aug 2010 - Aus shares are higher at midday. Avoca Resources Ltd (ASX:AVO) says total gold production is up 75% to over 229,000 ounces in the past financial year, 3.6% lower than…
Company News /
by -
14 years ago
15 Jul 2010 - Gold producer Avoca Resources Ltd (AXS:AVO) announces a significant resource increase at its 100% owned South Kalgoorlie operations.
Company News /
by -
14 years ago
09 Jun 2010 - Avoca Resources Ltd (ASX:AVO) upgrades the reserve and resource estimate at its Higginsville Gold Operation.
Market Reports /
by -
15 years ago
Aussie shares set for a slow start. Sunland Group (ASX:SDG) lifts annual profit guidance by 15 to 20% due to earlier-than-expected house and land settlements in Queensland.
Market Reports /
by -
15 years ago
Aussie shares close higher. Strike action has stopped almost all operations at Platinum Australia Ltd’s (ASX:PLA) Smokey Hills mine in South Africa.
Market Reports /
by -
15 years ago
Aussie shares closed slightly higher this afternoon. Avoca Resources Ltd (ASX:AVO) wins battle for Dioro Exploration NL.
Market Reports /
by -
15 years ago
Aussie stocks higher at midday. Avoca Resources Ltd (ASX:AVO) expects to post its first ever profit of $40.5 million for the first half of the 2010 financial year.
Market Reports /
by -
15 years ago
The Australian share market closes marginally higher today. Santos Ltd (ASX:STO) reports a 42% increase in its oil and gas reserve estimates for 2009.
Market Reports /
by -
15 years ago
Aussie shares close higher today. Mirvac Group (ASX:MGR) says the value of its investment division assets fell 3% in the six months to December 31, 2009.
Market Reports /
by -
15 years ago
The Australian share market closed 1.5 per cent lower today. CBH Resources (ASX:CBH) reports excellent performance at Endeavor Mine for the December quarter.