Business
Leigh Creek Copper Mine Production Update
Leigh Creek Copper Mine Production Update.
About this update from Strategic Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 0937S Strategic Minerals PLC 07 March 2019 \n\nMarket Abuse Regulation (MAR) Disclosure\nCertain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.\n \n7th March 2019\nStrategic Minerals plc\n(\"Strategic Minerals\", \"SML\" or the \"Company\")\nLeigh Creek Copper Mine Update\nHeap Leach Operations to Recommence at Mountain of Light\nStrategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral company actively developing projects prospective for battery materials, is pleased to announce that copper production is scheduled to recommence at the Leigh Creek Copper Mine's (\"LCCM\") Mountain of Light (\"MoL\") processing facility in April 2019, starting with the refurbishment and the trial reactivation of the existing processing plant and heap leach pads.\n \nHighlights\n· Engaged experienced operator PPM Global, who has previously worked at the MoL processing plant, to refurbish the existing MoL processing plant and to manage the trial restart of operations. PPM Global has mobilised and is currently on site.\n· Assay results from 250-hole shallow air core programme confirms the presence of residual copper in the existing heap leach pads \n· Reactivation of the existing heap leach pads fully covered under existing permits. \n· Feasibility study, for the commencement of full scale production from the Paltridge North and Rosmann East deposits, is well advanced with expected completion of resource estimation and economic evaluation scheduled for late second / early third quarter of 2019.\n \nCommenting, John Peters, Managing Director, Strategic Minerals, said:\n\"The trial re-activation of the heap leach operations and the extraction of copper through the soon to be refurbished processing plant provides a significant step to full scale production which is scheduled for late 2019 / early 2020.\n\"While the restart of operations is expected to commence in April, shipment of our first copper is not expected for three months after commencement of operations. The engagement of PPM Global, an exceptionally experienced company who has previously operated the Mount...