Vantage Goldfields Ltd's (ASX:VGO) main area of business is that of gold production and gold exploration and project development. The Company currently has Projects with total Mineral Resources of 4.38 million ounces (36.4 million tonnes at 3.75 grams per tonne), total Ore Reserves of 0.48 million ounces (4.8 million tonnes at 3.09 grams per tonne) and has typically produced approximately 10,000 ounces of gold per annum over the past five years.Expansion of production at the Lily Mine and plans to re-open the Barbrook Mine via underground operations and converting Mineral Resources to Ore Reserves over the next 3 years should enable Vantage to grow substantially as the Company progresses towards its goal of becoming a second tier gold producer.
