The current high demand for services in the minerals industry has led to delays in obtaining the capital cost estmates for plant and infrastructure needed by the independent groups who are undertaking feasibility study for CSE. As a result of these developments we have now scheduled to release the final feasibility study for the Einasleigh Project in November.
The late completion of the study will not impede the planned 2010 production of copper concentrates from the Einasleigh Project because long lead-time items are still schedulted to be ordered by the end of October.
The timing for expansion of this production is currently being re-evaluated and may be implemented prior to the originally intended date of 2012. Expansion is now likely to be focussed on copper production, rather than zinc-lead because recent good drilling results from Kaiser Bill have increased confidence that copper resources will increase for this deposit. The production efficiencies brought about by higher thoughput will lower the operating cost from the currently modelled US$1.90 per pound of copper. In this new scenario, zinc-lead production would begin when the copper deposits are depleted, further extending the life of the operation.
The November feasibility study will encompass this expanded scenario. Drilling is continuing at Kaiser Bill.
PS This is not a copy and paste, I retyped it all. Sick at home so yes I am that bored, forgive spelling error =).
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