Big quarter confirmed for Independence
Michael Quinn
Friday, October 10, 2003
INDEPENDENCE Gold has achieved a strong operational performance at its Long nickel mine near Kambalda, producing 42,722t of ore grading 4.46% nickel yielding 1907t of nickel metal.
The output was 54% over budget, with the out-performance of the Gibb South shoot -with ore grading up to 22% nickel - underpinning production.
Under the acquisition agreement with WMC Resources, Independence gets 63% of production.
Independence chairman Rod Marston said the budget for the current quarter was similar to September's 1238t.
Cheers
Cerberus
great results
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