Kimberley Metals Limited (ASX:KBL) Commenced Mineral Hill Mine Production
Sydney, Aug 23, 2011 AEST (ABN Newswire) - Kimberley Metals Limited (
ASX:KBL) ("Kimberley", "the Company") is pleased to report that both Mills are fully operational at Mineral Hill Mine, located 65 kilometres north of Condobolin in central-western News South Wales.
Mineral Hill Plant
Mill No.1 completed commissioning on 20 July 2011 and Mill No.2 completed commissioning on 20 August 2011. Mill No.1 has a capacity of 10 tonnes per hour, whilst Mill No.2 has a capacity of 20 tonnes per hour.
Currently the plant is operating at 20 tonnes per hour utilising the current 4 metre thickener. The installation of an 8 metre thickener into the circuit over the next fortnight will enable production to increase to a combined mill feed rate of 30 tonnes per hour or 262,800 tonnes per annum. Kimberley expects that the mills will operate sustainably at an annual rate of 250,000 tonnes per annum.
Following the commissioning of Mill No.1, an additional bank of floatation cells was brought into production to meet the increased mill feed from 10 tonnes per hour to 30 tonnes per hour.
Copper concentrates are now being bagged ready for transportation to Port Botany by road and rail. The first shipment of approximately 1,000 tonnes is now expected to be despatched in September 2011. Copper concentrate shipments for the next six months will be sent to Yunnan Copper, China's third largest copper smelter, as part of an agreement announced on 28 July 2011.
Parkers Hill Underground Mine
Ore development at Parkers Hill underground mine has now been established in five drives from mining on the refurbished 1205 level and the new 1225 level.
Ongoing rehabilitation on a third (1190) level will allow further high grade ore development options. The mine plan is aimed at establishing flexibility and consistent high grades of ore supply from multiple sources in the mine. Two production jumbos are now in operation, up from one in July, delivering 600-1,000 tonnes per day of ore feed to the plant.
The first high grade production stope remains on schedule for September to add approximately 700 tonnes per day to the ore feed to the plant, bringing monthly ore mined to between 26,000 tonnes to 34,000 tonnes at approximately 2.1% copper.
For the complete Kimberley Metals Limited announcement including figures, please view:
http://media.abnnewswire.net/media/en/docs/ASX-KBL-554166.pdf
About KBL Mining Ltd
KBL Mining Ltd (ASX:KBL) is an Australian resource Company listed on the ASX with a focus on producing precious and base metals. KBL's main assets include the Mineral Hill copper-gold-silver-lead-zinc mine near Condobolin in New South Wales and Sorby Hills lead-silver-zinc project in Western Australia. The Company has been operating the refurbished processing plant at Mineral Hill since October 2011 to produce copper-gold concentrates and in 2013 commenced producing a separate lead-silver concentrate. Sorby Hills (KBL holds 75% with Henan Yuguang Gold & Lead Co. Ltd (HYG&L) holding 25%) is a large near surface undeveloped silver-lead deposit close to port infrastructure and a short distance from Asian markets.
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