ZCI Group has announced production figures of 3 075 Mt of copper in concentrate for the first quarter of fiscal 2014 from its 100% owned operating mines in Botswana.
ZCI Group CEO, Tom Kamwendo, expressed satisfaction with the continuing improvements in production being made at ZCI’s principal asset, African Copper. Jordan Soko, acting Chief Executive of African Copper, sayd “In May 2013, we reported strong final year results with record copper production from the Mowana facilities. I am delighted to say that this has been maintained in the first quarter of fiscal year 2014. We continue to improve the plant and operations and this is being demonstrated by the production reported today.”
During the quarter, ore processed went up by 5% to 181 233 Mt compared to 171 908 Mt over the same period. Copper recovery increased by 65% to 83.6% compared to 50.7% during Q1 2012/2013 FY. During Q1 of the 2013/2014 FY production of copper in concentrate went up by 91% to 3 075 Mt compared to 1 609 Mt achieved during Q1 2012/2013 FY.
Mining operations at the Mowana copper mine pit are planned to commence during Q2, 2014, with a production ramp up linked to mining volume reduction at Thakadu as the Thakadu resource moves towards depletion around the middle of calendar year 2014. As volumes drop at Thakadu mine, the mining equipment will be moved across to the Mowana mine to effect the pre-stripping and ramp up.
Exploration drilling has continued during the fourth quarter in the greater Nakalakwana area targeting iron oxide copper gold mineralisation within the Matsitama exploration licence PL 17/2004; and in the near vicinity of Thakadu mine to find additional mineable resources to add to the company’s existing reserves. The company expects to provide an update later in the year.