The Company is pleased to announce that initial deliveries of copper have commenced from the Redbank Copper Mine in the Northern Territory.
The Company has reached a non-exclusive agreement to sell copper product to Xstrata, for delivery to the McArthur River Zinc Mine in the Northern Territory, some 400km by road from the Redbank Mine.
After a delay caused by prolonged wet season conditions experienced in northern Australia this year, production is now expected to ramp up to budgeted levels during June and July. Initial weekly road shipments will be in 10 tonne lots, expected to increase in line with budgeted production levels and as improving regional road conditions allow.
Copper Shipments Commence with Sale to Xstrata
29.66 kB, modified 5:06pm 16/08/2006
Offline Files
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