"Commissioning at Prominent Hill, for which a substantial increase in resources was reported in September 2008, continues and the project is currently 93% complete. Some electrical and small-bore piping works are behind schedule, with the result that commissioning is now expected to be completed in January rather than December.
“We currently have approximately 2.5 million tonnes of ore on the ROM pad and 60,000 tonnes of crushed ore ready for the mill”, said Andrew Michelmore. “We look forward to making our first sales of Prominent Hill concentrate and receiving our first cashflow in the first quarter of 2009”.
OZL Price at posting:
$5.50 Sentiment: None Disclosure: Held
