Frontier Mining remains on track to start copper cathode production at Benkala in June
May 22. Proactive Investors UK
By Sergei Balashov
Frontier Mining (LON:FML) today summed up the progress made at its projects this year and reminded investors that copper cathode production from Benkala is only weeks away.
The Kazakhstan operating firm has achieved its daily mining target of 8,000 tonnes of ore at Benkala and remains on track to produce between 3,500 and 5,000 tonnes of copper this year with the plant operating at its normal capacity of 7,500 tonnes per annum.
The company plans to increase production to 20,000 tonnes by the 2014/15 fiscal year.
Frontier added that copper cathode production from Benkala, which the company says is a key milestone for the project, remains on target to begin in June this year.
In the meantime, the company’s Baitemir deposit in the north east of the country continues to show significant potential with the first results from the ongoing drill programme having met expectations.
Drilling will continue ahead of the preparation of a preliminary resource estimate, which is expected to be released in the fourth quarter of the year.
Frontier Mining Ltd is a mineral exploration and development Company focussed on gold and copper deposits in the Republic of Kazakhstan. Through its subsidiaries and affiliates, Frontier locates, evaluates, acquires, explores and develops mineral properties. Frontier currently operates two licenses in Kazakhstan, Naimanjal (100% owned) and Benkala (50% owned). Naimanjal operations currently consist of five projects; a producing gold mine, a test stage gold production project, a potential copper porphyry deposit with associated gold and molybdenum, and copper/gold prospects along a 25km trend including both VMS and porphyry types. Benkala is a copper-molybdenum-gold deposit located in north-western Kazakhstan, within the Urals gold/copper ore belt.