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, Update for Mineral Hill Mine
21 Jun,2012 10:00 AM

Highlights

- $11.8 million of copper concentrate shipments to Daye Non-Ferrous during June quarter

- Underground resource extension and Reserve definition drill program underway

- Tailing Storage Facility lift completed

- Underground mining contract renewed for two years

- Ongoing metallurgical testwork and plant design to maximise Pearse gold-silver recoveries.

KBL Mining Limited ("KBL" or "the Company", ASX:KBL and KBLGA) is pleased to provide shareholders with the following update for operations at the Mineral Hill Mine, located near Condobolin in central New South Wales.

This information supplements the Company's Quarterly Report disclosure program for Mineral Hill Mine.


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