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SLP Exceeds Annual PGM Ounce Production Guidance
SLP Exceeds Annual PGM Ounce Production Guidance.
About this update from Sylvania Platinum Ltd.
[{"type":"text","content":"\n \nRNS Number : 3927K Sylvania Platinum Limited 14 July 2011 \n \n\nSylvania Platinum Limited\n(\"Sylvania Platinum\" or the \"Company\")\n(ASX: SLP, AIM: SLP)\n \n \nSylvania Platinum Exceeds Annual PGM Ounce Production Guidance\n \nThe Sylvania Platinum Board today announces the following operational update on its PGM production projects, tailings retreatment operations and near surface exploration projects.\n \nRecord Production for Q4 and year ended June 2011\n \nSylvania Platinum continues to deliver on its production guidance at the Company's five PGM production operations and has achieved another record high PGM production volume of 11,715 oz in the quarter to 30 June 2011. This has contributed to actual PGM production volume of 41,013 oz for the financial year to June 2011, which exceeds Management guidance of 40,000 oz.\n \nDuring the quarter to 30 June 2011, production from all the plants continued to progress well with the following being some of the key events:\n \n· The successful conclusion of the 2012 wage agreements in May 2011 \n· The commissioning of the Mooinooi Heavy Media Separation (\"HMS\") section in May 2011\n· The commissioning of the Lannex tailings dam in April 2011\n· The commissioning of the Lannex hydro mining section in June 2011\n· The commissioning of the second mill at Mooinooi in April 2011\n \nDuring the quarter the Mooinooi plant commissioned the HMS section and consequently this lead to an expected slowing of production in May and June which was more than offset by the other operations. These commissioning issues are largely resolved and it is expected that the operations will continue their steady growth profile and Management maintain their guidance of 60,000 oz to be produced during 2012 from the combined Dump Operations and Chromite Tailings Retreatment Project (\"CTRP\").\n \nSylvania Dump Operation Expansion Projects\n \nDuring the quarter, the Mooinooi flotation plant expansion project was approved by the board and has commenced construction. This project remains on-track for commissioning in November 2011. In addition, the board approved the construction of a new, 6th plant at T...