News: AVB Avanco Resources Provides Update On Truck Drivers Strike and Antas Activities

May 29 (Reuters) - Avanco Resources Ltd (AVB) :

• CONFIRMS THAT DELAYS IN DELIVERY OF FUEL AND OTHER CONSUMABLES TO ANTAS MINE AND PANTERA ARE BEING EXPERIENCED
• ROAD BLOCKS ON HIGHWAYS ARE PREVENTING DISPATCH OF COPPER CONCENTRATE TO PORT
• IMPACT OF STRIKE ON OPERATING COSTS AND PRODUCTION GUIDANCE FOR 2018 CANNOT BE ACCURATELY DETERMINED AT THIS STAGE
• PRODUCTION FORECASTS FOR APRIL AND MAY 2018 HAVE BEEN MET
• IN ABSENCE OF NEW MINERAL RESOURCE/ORE RESERVE ESTIMATE, SEES 2018 PRODUCTION REMAIN AT 12,000 TO 13,000 TONNES OF COPPER METAL
• ANTAS SITE ACTIVITIES ARE BEING SCALED BACK, THIS INCLUDES SUSPENDING PLANT OPERATIONS AND MOST MINING ACTIVITIES