Wednesday, May 22, 2024

Discovery Metals produces its first copper-silver concentrate

Discovery Metals Limited has produced its first copper-silver concentrate, as commissioning of its Boseto Copper Project in north-western Botswana continues, the company announced on the Botswana Stock Exchange website this week.

The Boseto Copper Project is designed to produce an average of approximately 36,000 tonnes copper and 1.1 million ounces silver per annum in concentrate from 3 million tonnes per year (3Mtpa) of ore feed.

Discovery Metals’ Managing Director, Brad Sampson is quoted in the report as saying, “We are very pleased that production has commenced in June 2012, in line with the time frame and budget communicated to shareholders in August 2010. We remain within our capital budget and expect final costs to remain so. We are focused on bringing the concentrator and open pit mine performance up to the design production rate as quickly as possible. The concentrate grades achieved to date in the commissioning phase are very encouraging.”


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