Lachlan Star Announces US$767 Per Ounce C1 Cash Costs and US$1,036 Per Ounce All in Sustaining Cash Costs for October

PERTH, WESTERN AUSTRALIA--(Marketwired - Nov 18, 2013) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Gold miner, Lachlan Star Ltd. ("Lachlan Star" or the "Company") (TSX:LSA)(ASX:LSA) is pleased to provide the following financial updates for the month of October and guidance for the December quarter. Highlights include:

• C1 Cash cost of US$767 per ounce in October, a record low under the Company's ownership
  
  
• All in sustaining cash costs of US$1,036 per ounce in October, a record low under the Company's ownership;
  
  
• Total costs per ore tonne stacked of US$13.36 in October, a record low under the Company's ownership;
  
  
• December 2013 quarter guidance of:
  
  
  • Gold production in the range of 17,500 ounces of gold to 18,500 ounces;
    
    
  • Waste to ore ratio in the range of 1.1:1 to 1.3:1
    
    
  • Stacked ounces in the range of 27,000 ounces of gold to 30,000 ounces of gold
    
    

For and on behalf of the Board

Mick McMullen, Chairman

For further information please visit www.lachlanstar.com.au.

ABN: 88 000 759 535