Coolgardie Minerals Limited (CM1) has announced operations update for the Geko gold project. Initial two 10,000 tonne mined stockpiles of Geko oxide ore did not meet 2.75g/t Au minimum grade requirement of the Ore Sale Agreement with Northern Star Resources. CM1 is exploring alternative arrangements for the sale or toll milling of this ore. Mine plan to be adjusted to optimise future mining through a three stage process. First stage is to mine a circa 15,000 tonne parcel of ore in the upper supergene section of the Geko orebody, with grades anticipated to be higher than 2.75g/t Au and able to be sold to Northern Star Resources. Mining of this stage is expected to be completed by 21 December 2018. Second stage is to mine the remaining oxide section of the orebody once CM1 has secured treatment arrangements for the oxide ore and a revised mine plan is agreed. Mining of Stage 2 is expected to commence in mid-January 2019. Third stage is to mine the remainder of the Geko orebody (predominately fresh rock) subject to successful completion of Stage 2 and securing treatment arrangements for the ore. CM1's mining contractor, SMS Innovative Mining, has agreed to support CM1 by offering extended trading terms on outstanding invoices totalling $9.39 million (including GST), subject to certain conditions being satisfied, and by seeking to expedite the first stage of the new mine plan. Geko exploration drilling: The promising initial results received to date from the first holes of the exploration extension drilling program at Geko (as announced to the market on 5 December 2018) suggest a possible extension of the Geko mineralisation. CM1 will update the market in early 2019 on the exploration plan, once the revised mine plan at Geko has been finalised with SMS and once sufficient levels of cashflow are being generated.