RE: Copper stocks30 Oct 2017 11:40
Not so anymore Ocean.
'In summary, the Company�s future mining strategy is to treat low-oxide ores, which contain less than 25 per
cent. acid soluble copper. The reason for excluding high oxide ores is predicated on the low recovery rates
(30 to 40 per cent.) and low concentrate grades (approximately 15 per cent.) achieved when treating oxides
in the Mowana processing plant historically. Therefore, whilst oxide ores are copper bearing, it is uneconomic
to treat them using the current facilities and they will instead be stockpiled for future recovery. This approach
will ensure higher recoveries are achieved in the processing plant and will also provide additional revenue
potential from processing the stockpiled oxide ores in the future.'