PLOMOSAS MINE OPERATIONS UPDATE Consolidated Zinc Limited ("Company") (ASX: CZL) is pleased to advise that the Plomosas plant and Aldama plant jointly processed 3,958 tonnes of ore in May, for 719 tonnes of zinc concentrates and 184 tonnes of lead concentrates. The Company intends to continue processing through both plants until ore stockpiles are depleted and the Plomosas plant sustains the targeted 4,500tpm process rate. The plant has demonstrated its capacity to perform consistently above this rate but issues with some refurbished equipment, particularly the mill, have reduced plant availability in June. The flotation circuit has performed well, the cyclones and preconditioning would benefit from greater residence time which is being addressed. June production is expected to be lower than May due to the time required to fix the equipment issues. However, modifications made during the downtime are expected to increase plant availability and utilisation in the second half of 2021. Brad Marwood, Managing Director “The issues with the mill are disappointing particularly after an independent pre-purchase inspection was commissioned. But the performance of the site team who have addressed each issue plan to improve plant availability and plant utilisation, is pleasing and positive. Once completed the modifications and refinements are expected to deliver superior performance.” Operating costs will be reported in the June 2021 quarterly report. This announcement was authorised for issue to the ASX by the Directors of the Company. For further information please contact: Brad Marwood Managing Director 08 9322 3406 GLAH Mal..
CZL Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
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