QUARTERLY HIGHLIGHTS
Phu Kham Copper‐Gold Operation, Laos
• The Operation was cash flow positive for the quarter
• 33,974t of concentrate containing 8,568t copper, 9,471oz gold and 54,879oz silver was produced in the quarter, in line with ramp-up expectation
• Mill feed for the quarter was 2,652,192t
• Design throughput of 12Mtpa was achieved two months ahead of schedule in late July and was sustained through August and September. Copper recovery rate is steadily improving
• Positive reconciliation of ore mined and processed versus the ore reserve
• Long term concentrate sales contract agreed with Tongling Nonferrous Metals, China’s largest copper smelter
o PanAust has now agreed sales for 40% of Phu Kham’s copper‐gold concentrate production to 2010 at competitive TC/RCs below the current benchmark
• Scout drilling intersects copper‐gold mineralisation over a strike length of 800m adjacent to the currently defined northern limit of the deposit
Growth Projects
Phu Kham Copper‐Gold Expansion (of the process plant to 16Mtpa)
• Delivery of a new 6.5MW ball mill for the expansion is on track for the June quarter 2009 Ban Houayxai Gold‐Silver Deposit, Laos
• Pre-feasibility study identifies the potential for a low-cost operation producing annually 100,000oz to 130,000oz of gold and 700,000oz to 800,000oz of silver over a minimum six year mine life
Puthep Copper Project, Thailand
• Drilling intersects plus‐200m near surface zones of copper-gold mineralisation; indicates the potential to increase the tonnage of the current mineral resource
• Broad zone of high-grade copper‐gold mineralisation confirmed
- Forums
- ASX - By Stock
- PNA
- great quarterly
great quarterly
-
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PNA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online