.
Shares in Sandfire Resources NL (ASX:SFR) rose at the end of last week as the miner announced the commissioning of the processing facility at its wholly owned DeGrussa Copper-Gold Project in Western Australia is underway.
Managing Director Karl Simich says starting commissioning of the concentrator within 12 months of the contractor mobilising to site is an outstanding achievement.
Mr Simich believes Sandfire is now is a position to complete commissioning and ramp-up of the project to a steady-state nameplate operation, in line with the schedule and budget outlined in the Definitive Feasibility Study.
The ramp-up schedule for the concentrator is targeting steady-state nameplate production rates by early 2013.
Shares in Sandfire Resources rose 4.07 per cent on Friday following the news to end the week at $8.43.
Sandfire posted a net loss of $19.5 million in the first half of the 2012 financial year.
(20min delay)