CUDECO'S ROCKLANDS PROJECT GAINS MOMENTUM

CUDECO'S ROCKLANDS PROJECT GAINS MOMENTUM

LISTED copper miner CuDeco (ASX:CDU) has taken a major step in the advancement of its first concentrate production at its Rocklands project.

The company has announced the commencement of ore feeding into the ball mill with a 60 per cent load, claiming this is "the most important step" in allowing primary ore to the flotation circuit to achieve production of the first sulphide concentrates expected this month.

The ball mill production will be ramped up to 100 per cent over the coming weeks, while the first shipment of sulphide concentrate is still on track to be delivered in September or October.

This news comes just weeks after CuDeco announced it had received a significant boost by one of its major shareholders, who signed a deal for the offtake of all native copper.

The term sheet between the Gold Coast-based miner and China Oceanwide International Investment Co had a payable value of no less than 96.5 per cent of contained copper at Cloncurry.

CuDeco managing director Dianmin Chen says the company is determined to continue ramping up the production at Rocklands as safely and quickly as possible, to ensure rapid delivery of its economic benefits to shareholders.

"Today's milestone is another important step in the completion of this valuable new project for North Queensland, which is now operating around the clock in two 12 hour shifts per day," says Chen.

"It is an exciting time for all involved to expect the first concentrate produced from Rocklands."

Recently the Queensland Minister for State Development and Minister for Natural Resources and Mines visited the Rocklands site, which CuDeco says highlights the important government support for the project.

Get our daily business news

Sign up to our free email news updates.

Please tick to verify that you are not a robot

 

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Top tips for successful digital transformation
Partner Content
Digital transformation, when done well, can transform your organisation's operation...
Advertisement

Related Stories

Early-stage funding hits record high as mega-deals drop off

Early-stage funding hits record high as mega-deals drop off

Despite venture capital funding falling by a third for Australian s...

Owner of Betty's Burgers, Boost Juice returns to Australian hands at $350m valuation

Owner of Betty's Burgers, Boost Juice returns to Australian hands at $350m valuation

The parent company of Boost Juice is set to return to Australian ha...

Emyria, Little Green Pharma shares spike after TGA green light for MDMA and psilocybin

Emyria, Little Green Pharma shares spike after TGA green light for MDMA and psilocybin

Alternative medicines stocks are on a tear today as investors take ...

KKR-backed Alludo presses on with Nitro Software takeover plans, brushes off shareholder rejection

KKR-backed Alludo presses on with Nitro Software takeover plans, brushes off shareholder rejection

A $526.8 million takeover proposal for Nitro Software (ASX: NT...