CUDECO MINE TRANSITIONS TO PRODUCTION

Written on the 12 July 2016

CUDECO MINE TRANSITIONS TO PRODUCTION

CUDECO'S (ASX:CDU) flagship Rocklands project is another step closer to production after the copper mine produced its first concentrate.

The Gold Coast-based company will gradually increase the mill feed and continue to enhance plant performance as it transitions towards commercial production.

Ore slurry from the ball mill was put through the flotation circuit, thickener and then the filter plant during testing last week. The company is confident all circuits are working, following production of native copper in June.

CuDeco managing director Dianmin Chen says the successful outcome marks another win for the company.

"Today's milestone is another important step for Rocklands as we build confidence in the successful completion of its construction and commissioning towards commercial production and delivery of near-term cash flow," Chen says.

"It has been a great effort by operators, management staff and contractors and I congratulate all involved for this important achievement.

"We continue to focus on ramping up production as quickly and as safely as possible, to generate shareholder value while maximising economic benefits for all stakeholders."

CuDeco is on track to deliver its first shipment of native copper in July and first shipment of sulphide concentrates in late September or early October to the export market.

The company finalised a term sheet for the offtake of all native copper from Rocklands with major shareholder China Oceanwide International Investment Co. last month.

 


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