A system for rapid on-line determination of weight percentage coal in slurry and weight percentage ash in coal has been developed at the Julius Kruttschnitt Mineral Research Centre, University of Queensland. The gauging system is suitable for use with coal flotation slurries or slurries having a maximum particle size of about 1 millimeter. The system is based upon measurement of gamma ray transmission; radioisotope sources emitting photons of two widely different energies are employed. The inaccuracies of measurement that would normally result from variable amounts of air entrained in the slurry are substantially reduced by pressurising the slurry to approximately 2MPa (300 psi) using a Mono pump. The equipment can be used to make measurements on more than one slurry stream by pumping streams sequent- ially. The system is being tested at the Peak Downs Mine of the Utah Development Company in Central Queensland. This paper describes the theoretical principles of the gauge design, the experience gained to date in the commissioning of the equipment, including the installation of a PDP 11/03 computer, and the progress made in developing satisfactory interpretations of the gauge count-rate output.