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Benkala Operational Update

10 Jul 2013 07:00

RNS Number : 9588I
Frontier Mining Ltd
10 July 2013
 



FRONTIER MINING LTD

("Frontier" or "the Company")

 

Benkala Operational Update

 

Frontier Mining (AIM:FML), the AIM listed exploration, development and production company focused on Kazakhstan, announces an operational update for its flagship Benkala Copper Project.

 

Frontier has recently hired Adam Moroney, an independent degree-qualified consultant with 20 years of SX/EW management and heap leach research experience, on a rolling contract. In particular, Mr Moroney has four heap leach and agglomeration patents to his name.

 

Following more than four weeks analysis of stacking operations at Benkala, Mr Moroney has advised management that it would be advisable to incrementally increase the current leach pad stacking height of 2.5 meters to 3.5 meters. Accordingly, the leach pad stacking height of Pad 3 is currently being increased to 3.5 meters. Operational staff at Benkala started pouring sulphuric acid to Pad 3 and will be monitoring the percolation process as this has the potential to increase the amount of copper extraction from the ore without a significant effect on the overall cost of production.

 

Furthermore, the Company has also secured contracts for sulphuric acid delivery at less than 75% of the pricing levels contracted in the previous 12 months, which will also reduce the overall production costs at Benkala.

 

 

Frontier Mining Ltd

Yerlan Minavar

+44 (0) 20 7898 9019

 

Libertas Capital (NOMAD)

 

Sandy Jamieson

 

+44 (0) 20 3697 9495

 

RFC Ambrian (Broker)

 

John Harrison

Richard Morrison

 

+44 (0) 20 3440 6800

 

Walbrook PR

Walbrook IR

 

Lianne Cawthorne (Media Enquiries)

Paul Cornelius (Investor Enquiries)

 

+44 (0) 20 7933 8780

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCQKLFBXDFEBBE
Date   Source Headline
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