CMR 0.00% 15.0¢ compass resources limited

Cuzo,It was stated in their company update on 11/8/08. See below...

  1. 465 Posts.
    Cuzo,

    It was stated in their company update on 11/8/08. See below word for word, it states early September, so it won't be until a few weeks time for me.

    COMPANY UPDATE
    Browns Oxide Update
    Commissioning of the Oxide process plant is progressing well with the solutions heating boiler being
    successfully fired up and water now circulating through all areas of the plant allowing instrument
    and equipment testing. For avoidance of doubt it should be noted that remedial action has
    successfully been completed on the solvent extraction tanks.

    The current schedule is for cobalt / nickel precipitate first production in early September and copper
    metal first production later in September. A saleable quantity of both products is still expected by
    late October 2008.

    Sales Contracts
    Sales contract terms for the precipitate and metal products have been finalised and documentation
    is being completed for execution. These contracts will be for an initial period covering the life of the
    Browns pit after which they will be reviewed.
 
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