Khoemacau Copper Mining Announces First Concentrate Production
Khoemacau Copper Mines announced the achievement of a major milestone at its Khoemacau Copper Silver Project on 30 June 2021, with the production of the first copper silver concentrate from its Boseto process plant. This milestone was achieved safely, within schedule and the overall Project remains within 3% of the original budget. The first shipment of concentrate is scheduled for July 2021. Khoemacau Copper Mines CEO Mr Johan Ferreira said "We are delighted to have reached this important milestone safely, on schedule and substantially within budget, thanks to the extraordinary efforts of the Khoemacau team and our business partners. This is particularly remarkable against the backdrop of the Covid-19 pandemic over the last 16 months."
Since underground development of Khoemacau's Zone 5 Mine commenced in early 2020, more than 350,000 tonnes of high-grade sulphide ore has been stockpiled on surface, and is available to feed the facility. The ore is transported 35km from the mechanised Zone 5 underground mine to the processing facility via a sealed haul road.
The Company expects to ramp up to full production through the balance of 2021. The Project has the capacity to produce 155,000 to 165,000 tonnes of high-grade copper and silver concentrate a year, containing approximately 60,000 to 65,000 tonnes of payable copper and 1.8 to 2.0 million ounces of payable silver. The Company expects to achieve this production rate in 2022.