Finders Resources updates pit wall failures

Company News

by Rachael Jones

Finders Resources (ASX:FND) advises the Kali Kuning open pit at the Wetar Copper Project has recently experienced a series of pit wall failures.

The problems were mainly due to loose material from the side of the pit and waste from the recent failures extending across the base of the pit, covering ore and impacting mining activities.

As a precaution, mining operations have been suspended.

Around 92 per cent of the ore scheduled for recovery from the Kali Kuning pit prior to the commencement of mining has already been removed.

Shares in Finders Resources (ASX:FND) last traded at $0.16.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.