Sydney, May 7, 2008 AEST (ABN Newswire) - Tamaya Resources Limited (ASX:TMR)(PINK:TMAYF) May Investor Update has confirmed that the Company's focus is now to deliver 3000 tpd on a sustainable basis from underground at the Punitaqui copper mine in Chile. The Company has commenced planning to mine 4000 tpd from a combination of underground and open pit ore sources, supported by recent exploration discoveries in the region.
In other initiatives, the Company's business improvement program is underway and will targeting costs across the Chilean operations. Tamaya has also commenced implementation of a revised mine plan in order to access higher grade zones and expects to see positive results in the second half of the year from a review the Company has commissioned to improve recoveries.
Chairman Hugh Callaghan said that Improvements in the operations in Chile have provided a platform for the Company's overall plans for 2008 which include a prospective dual TSX listing and strategies to realise value form the Tamaya's portfolio of gold assets in Armenia and Portugal.
For the Full Investor Presentation, please follow the link below:
http://www.tamayaresources.com/show_news.php?id=49
Contact
Hugh Callaghan
Executive Chairman
Tamaya Resources Limited
Media:
Fortbridge
Bill Kemmery
Tel: +61 (0) 400 122 449
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