African Copper Plc releases production and exploration results

African Copper Plc, a subsidiary of ZCI Limited, has released its production and exploration update for the quarter ended 30 June 2014. 

The company reports that 2 703 tonnes of copper in concentrate were produced for the first quarter of FY2015. Ore processed during the period under review increased from 163 391 tonnes reported for the previous quarter to 169 565 tonnes. 

Ore processing continued to me affected by a lack of good quality ore from the Thakadu pit due to the required backlog waste stripping. Diesel Power, a mining contractor, commenced reducing the backlog in April 2014 and it's anticipated that production from the Thakadu pit, in Botswana, will improve in the coming quarter. 

The Mowana process plant had above target availability, however achieved variable utilisation due to erratic ore supply from the Thakadu pit. 

The company carried out an infill drilling programme at the Thakadu pit with the aim of updating the project's geological model. Infill drilling at the Mowana pit began during the quarter with the aim of re-categorising the Inferred Resources to Measured and Indicated Resources, for incorporation in the Mowana life of mine plan.

Acting Chief Executive Officer of African Copper, Jordan Soko, commented, We are pleased with the mining progress that Diesel Power is making at the Thakadu Pit. With improved ore production from Thakadu and more stable operating conditions at the Mowana Plant we are well positioned to increase production levels for the remainder of our financial year.

African Copper is an AIM listed copper production and exploration company with operations in Botswana.

ZCI is the JSE listed holding company of African Copper.