StockMarketWire.com - Strategic Minerals said the Leigh Creek copper mine operation in Australia had made its first sale of copper cement produced at the Mountain of Light processing facility.

Sales commenced with an initial shipment of five tonnes of copper cement, at around 70% copper.

Production from existing heap leach pads was forecast to be in the range of 150 tonnes to 180 tonnes of copper in cement.

An offtake agreement was place with Adchem on 'attractive' commercial terms for all expected production.

'This first sale of high grade copper concentrate, in the form of cement, firmly establishes LCCM as SML's second cash generating project,' chief executive John Peters said.

'The initial sale, whilst relatively small, demonstrates the B=board's commitment to test all aspects of the LCCM operation meticulously prior to launching a full scale re-start of operations.'

' The current re-start activities have provided the management team with valuable insight into operational techniques at LCCM and will form the blueprint for the larger production activities at Paltridge North and Rosmann East.'

'These are currently the focus of a feasibility study which is due for completion in the second half of 2019.'

'Full operational production is scheduled for commencement late 2019 / early in 2020.'


At 9:38am: [LON:SML] Strategic Minerals PLC share price was 0p at 1.65p



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