| Tue 3 Apr 2012, 8:44 | | ZCI - ZCI Limited - Production update for African Copper Plc |
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ZCI
ZCI
ZCI - ZCI Limited - Production update for African Copper Plc
ZCI Limited
(Bermudian registration number 661:1969
(South African registration number 1970/000023/10)
JSE share code: ZCI ISIN: BMG9887P1068
Euronext share code: BMG9887P1068
("ZCI" or "the Company")
PRODUCTION UPDATE FOR AFRICAN COPPER PLC ("ACU")
ZCI is pleased to report that its subsidiary, ACU, announces a production update
for its Mowana and Thakadu Mines. The majority of ore processed at the Mowana
processing facility during March 2012 was sourced from the higher grade Thakadu
mine where mining operations are moving closer to sulphide ore. Trucking
operations from Thakadu to Mowana also improved with a total of 80,521 tonnes
being moved. Together, these factors combined to effect a significant
improvement over February 2012 when production was constrained by trucking
operations and plant availability.
Recent production levels are set out below:
October to
March February January December
Description 2012 2012 2012 2011
Ore processed (Mt) 72,829 41,273 63,592 168,739
Cu grade (%) 2.05 2.18 2.00 2.10
Recovery (%) 54.9 36.1 42.7 49.0
Concentrate 3,620 1,641 2,622 7,498
produced (Mt)
Copper produced in 809 324 543 1,747
concentrate (Mt)
With many of the capital improvement initiatives at Mowana completed, production
in March 2012 achieved management`s targeted levels. Investors are cautioned
that while March production was positive, the operations must achieve these
levels over a continuous period to ensure the targeted levels of production are
achieved on a sustainable basis.
The technical information in this announcement has been reviewed and approved by
David De`Ath, BSc (Hons), MSc, GDE-Mining, MIMM and MAusIMM, the Company`s
Manager, Geology, of the Mowana Mine for the purposes of the current Guidance
Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in
June 2009.
For further information please visit www.africancopper.com
Bermuda
3 April 2012
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 03/04/2012 08:44:21 Produced by the JSE SENS Department.
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