AVM lodged an Annual Information form on sedar.com late last week. The important 'new' info in this form that I've found is-
1) Kulumaziba tailings project will now produce 16,500 to 17,000 tonnes of copper per annum(Pg6) - previously we were told 25,000 tonnes per annum.
2) There are now 711 employees at Dikulushi(pg 7) - previously 600.
3) That they're now going to use the old HMS Dikulushi plant(that has a capacity of 250,000 to 300,000 tonnes of ore per annum) at the Kulumaziba tailings project(Pg12) - previously we were told they were building a new HMS plant with a capacity of 1 million tonnes per annum.
4) That Dikulushi Stage11 plant recoveries will increase to 85%(pg 18) - previously we were told 92%.And that the concentrate grades will only increase to 49% copper & 1400g/t silver whereas we were told previously that it would be 56% copper & 1700g/t silver.
5) That the inferred resource at the Kulumaziba tailings project is 1.5mil tonnes at 6.8% copper in the first 7.5klms(pg 26) - previously 4 to 5% copper.
There is also an accompanying 100pg+ Technical Report from Finore consultants on the Kumuluziba tailings project with some interesting photos - it says on Pg17 that this project is estimated to produce 8.93% copper & 0.15% cobalt from a throughput of 300,620 toones of ore in the first year.
Obviously going to save on the CapEx for the tailings project and should have it into production earlier - maybe August this year(my guess).
Disappointing about the lower plant recoveries and concentrate grades at Dikulushi but at least it'll be accessing full grade ore at a continuous rate sometime this month & maybe they can improve the plant performance back to the previous promised rates.
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