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Morning Star Gold NL

TICKER: MCO:ASX

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Morning Star Gold NL is a high-grade, low-cost gold producer with the first pour from its new gravity mill scheduled for Q310. It's 100%-owned/operated Morning Star Mine, which has a JORC resource of 910 Koz., was once Australia's premier gold mine. The company holds 220 sq. km. of mining tenements in Australia's second largest hard-rock goldfield (6 Moz.) where grades were roughly 1 oz/ton. Upcoming exploration targets produced high-grade gold from shallow workings in the weathered zone of rocks above the water table.

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The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Analysis

Julian Phillips, Global Watch - The Gold Forecaster (8/10/11) "Morning Star Gold NL's grab samples from the Rose of Denmark prospect in Victoria have turned up some very encouraging results, including a sample of 851 g/t gold, the highest to date. . .boosting the prospectivity of the area are dozens of historical shallow gold mines that highlight known gold in the area and provide the company with economic targets of interest. . .to date, $2.5M has been committed to the project. The company held $10.2M in cash at the end of the quarter."

Tony Parry, Resource Capital Research (6/30/11) "MCO has experienced teething problems with ore hoisting and processing equipment at the re-commissioned Morning Star Mine. As the company gets on top of these issues, we should see a lift in production in Q311. An inaugural profit in FY12 is forecast."

Proactive Investors (6/10/11) "Morning Star Gold NL has appointed Mike Botting as chief executive officer effective July 4, 2011, and Noel Laidlaw will join the board as non-executive director; the new appointments position the company for growth in its vital gold production phase. . .production recommenced at the Morning Star Mine in the March 2011 quarter for the first time in nearly 50 years and the company expects the rate of production to increase over 2011–12."

Trent Allen, Resource Capital Research (3/28/11) "[Morning Star Gold has a] 100% focus on commencing gold production at Morning Star Mine, Woods Point, Eastern Goldfields, Victoria. Historical production at the Woods Point underground mine is 883 Koz. Au at 26.5g/t; ~7 Moz. production for goldfield. . .[with] potential for exploration within a 20km radius (e.g. All Nations, Denmark mines) to provide a multimillion-oz. resource base to feed the Woods Point processing hub."

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MCO: View of a Gold Mine
Gold, Mining, Investing
(2/11/11)
Morning Star Gold's 2010 AGM
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(12/23/10)
Morning Star Gold NL (ASX:MCO)

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(8/17/11)
Interview with MCO CEO Michael Botting


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