AGD Mining Ltd is proceeding with the development of the Augusta gold and antimony deposit in central Victoria. This follows a decision by the City of Greater Bendigo to issue the company a permit to start mining with a small open cut operation. In addition the company's major shareholder, Cambrian Mining pic, will now assist in financing the mine development and process plant construction. Capital cost of the proposed operation is estimated at 12.5 million dollars, including development of the open cut and underground workings of the mine, construction of a new plant and refurbishment of the existing plant.
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