CUDECO'S ROCKLANDS PROJECT GAINS MOMENTUM

Written on the 4 July 2016

CUDECO'S ROCKLANDS PROJECT GAINS MOMENTUM

LISTED copper miner CuDeco (ASX:CDU) has taken a major step in the advancement of its first concentrate production at its Rocklands project.

The company has announced the commencement of ore feeding into the ball mill with a 60 per cent load, claiming this is "the most important step" in allowing primary ore to the flotation circuit to achieve production of the first sulphide concentrates expected this month.

The ball mill production will be ramped up to 100 per cent over the coming weeks, while the first shipment of sulphide concentrate is still on track to be delivered in September or October.

This news comes just weeks after CuDeco announced it had received a significant boost by one of its major shareholders, who signed a deal for the offtake of all native copper.

The term sheet between the Gold Coast-based miner and China Oceanwide International Investment Co had a payable value of no less than 96.5 per cent of contained copper at Cloncurry.

CuDeco managing director Dianmin Chen says the company is determined to continue ramping up the production at Rocklands as safely and quickly as possible, to ensure rapid delivery of its economic benefits to shareholders.

"Today's milestone is another important step in the completion of this valuable new project for North Queensland, which is now operating around the clock in two 12 hour shifts per day," says Chen.

"It is an exciting time for all involved to expect the first concentrate produced from Rocklands."

Recently the Queensland Minister for State Development and Minister for Natural Resources and Mines visited the Rocklands site, which CuDeco says highlights the important government support for the project.


Latest News

THE COMPANY THAT DECIDED IT WAS GOING TO GIVE A CRAP THANKS TO CROWD FUNDING

SIMON Griffiths is using toilet paper to save the world.

In 2012, on the back of an IndieGoGo crowdfunding campaig...

TECHNOLOGYONE OUTSTRIPS PROFIT EXPECTATIONS AS R&D SKYROCKETS

TECHNOLOGYONE (ASX: TNE) has surpassed market expectations to achieve a half-year profit after tax of $8.1 million, u...

CLASS ACTION FILED AGAINST SURFSTITCH AFTER ANOTHER EARNINGS WIPEOUT

AS ONLINE retailer SurfStitch (ASX: SRF) battles for survival following another negative earnings forecast, a $100 mi...

SURFSTITCH DOWNGRADES EARNINGS AS SHARES PLUNGE 25 PER CENT IN A DAY

TROUBLED online sports clothing retailer SurfStitch is considering selling off more of its assets and will close i...

Related News

THE COMPANY THAT DECIDED IT WAS GOING TO GIVE A CRAP THANKS TO CROWD FUNDING

SIMON Griffiths is using toilet paper to save the world.

In 2012, on the back of an IndieGoGo crowdfunding campaig...

SURFSTITCH DOWNGRADES EARNINGS AS SHARES PLUNGE 25 PER CENT IN A DAY

TROUBLED online sports clothing retailer SurfStitch is considering selling off more of its assets and will close i...

AUSCANN RESUMES TRADE AFTER $12 MILLION CAPITAL RAISING

IT'S BEEN a big few days for medical cannabis manufacturer AusCann (ASX: AC8), as the company emerged from a trad...

APN AND oOh!media MERGER CALLED OFF, CEO 'AMAZED' AT ACCC'S DECISION

THE PROPOSED $1.6 billion merger between Australia's two largest advertising groups, APN (ASX: APO) and oOh!me...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter