crusher upgrade underway

Good announcement and those with their finger on the buy button brought at the bottom today! Should see the share price head towards the low teens in the coming weeks!

CRUSHER UPGRADE CONSTRUCTION UNDERWAY AT TWIN HILLS SILVER MINE
Most components for the Crushing Circuit Upgrade are now on site at the Twin Hills Silver
Mine, at Texas in South East Queensland, Australia with the remainder scheduled to arrive on
Monday 18th August 2008.
Construction is underway and should be completed within the next few weeks, with
commissioning projected to be completed by mid September.
The crushing circuit at the Twin Hills Silver Mine has been a significant impediment to a
substantial increase in silver production over the past six months. The upgraded circuit should
allow crushed product to increase initially to 60,000t/month and by the end of 2008 to
100,000t/month. By comparison, in July, the present circuit crushed 28,000 tonnes.
Bob McNeil Chairman and CEO commented: “We are pleased to be able to report that the
crushing circuit site construction upgrade is underway - about some four and a half months
late. Silver production, without benefit of the upgrade, increased to some 43,000 ozs in July,
and as at the end of July we had approximately 125,000 ozs silver in various metal accounts
available for sale at a time of our choosing. Some silver is presently sold ex mine (as is) and
the remainder is processed to 99.9% silver and sold as bullion.
Twin Hills Production (Quarterly)
90,935 oz Ag
144,677 oz Ag
60,290 oz Ag
5,548 oz Ag
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
3rd quarter
2007
4th quarter
2007
1st quarter
2008
2nd quarter
2008
Ounces Silver
Page 2 of 2
The bar chart above shows the steady improvement in silver production, by quarter, for the past
twelve months, again without benefit of the crushing circuit upgrade. This improvement
should substantially accelerate in the last quarter of 2008 and early 2009.”
Yours faithfully,
MACMIN SILVER LTD