Mineral Hill is now operating at steady-state of 290,000tpa (initially forecast at 250,000tpa) with the ability to surge production to 330,000tpa, annually producing 5,400t of Cu, 1,500oz Au and 100,000oz Ag in concentrates. Gold and silver dore (bullion) production is expected to commence during FY13, with an increase in Mineral Hill production to 500,000 to 550,000tpa, adding 20,000oz Au and 165,000oz Ag per annum.

Sorby Hills is in the final stages of permitting with initial production expected to commence in 2013 at a rate of 500,000tpa generating 25,000t of Pb and 800,000oz Ag. Production is planned to increase in stages with additional approvals to 1.2mtpa.
 

KBL Mining (ASX:KBL)

Company Directors

Mr Anthony Johnston (CEO)
Mr Jim Wall (Executive Chairman)
Mr John Richards (Non Exec. Director)
Mr Richard Sheridan (CFO)
Mr Robert Besley (Non Exec. Director)
Mr Stephen Lonergan (Executive Director)
Mr Stuart Mathews (Chief Op. Officer)

Contact Information

Email: info@kblmining.com.au
Website: http://www.kblmining.com.au/
Address
Level 3, 2 Elizabeth Plaza, NORTH SYDNEY, NSW, AUSTRALIA, 2060

Media Releases see all media releases

KBL Mining Ltd, Trading Halt in KBL Securities Requested
13 Aug,2012 11:56 AM

The Company has received drilling results in respect of drilling below the current working level at the Parkers Hill underground mine at Mineral Hill, NSW. These are currently being assessed and to avoid trading in KBL securities when the market as a whole is not reasonably informed, the Company requests a trading halt in its shares pending an announcement.

It is expected that an announcement to end the trading halt will be made before the market opens on Wednesday, 15 August 2012.

The Company is not aware of any reason why the trading halt should not be granted.


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