News: NCZ New Century Resources Posts Operational Update At Century Mine & Karumba Port Facility

March 17 (Reuters) - New Century Resources Ltd (NCZ) :

• CENTURY MINE AND KARUMBA PORT FACILITY
• CONTINUING TO ENGAGE POSITIVELY WITH QUEENSLAND DEPARTMENT OF ENVIRONMENT & SCIENCE ON IMPACT OF EXTREME RAINFALL
• AT THIS STAGE PRODUCTION IMPACT FOR 2023 FY EXPECTED TO BE IN RANGE OF 15KT TO 20KT OF ZINC METAL
• IMPACT OF PRODUCTION SHORTFALL IS LIKELY TO IMPACT CO'S SHORT TERM LIQUIDITY POSITION
• DOES NOT EXPECT TO RECOMMENCE PRODUCTION FOR TWO TO THREE WEEKS
• ENGAGING WITH SIBANYE-STILLWATER & SIBANYE RESOURCES AUSTRALIA PTY IN RESPECT OF MITIGATING KEY OPERATIONAL, BUSINESS RISKS
• SUSPENSION OF PRODUCTION AND NON-ESSENTIAL ACTIVITIES WILL IMPACT PRODUCTION RESULTS FOR CURRENT QUARTER