https://www.miningweekly.com
Copper|Financial|Gold|PROJECT|Underground
Copper|Financial|Gold|PROJECT|Underground
copper|financial|gold|project|underground

Nova beats production guidance

8th July 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – The Nova base metals project, in Western Australia has beaten its full year production guidance, owner Independence Group said on Wednesday.

During the full year ended June, the mine produced 30 436 t of contained nickel, 13 772 to of contained copper and 1 142 t of contained cobalt, which was above the set guidance of between 27 000 t and 30 000 t of nickel, between 11 000 t and 12 500 t of copper and between 850 and 905 t of cobalt.

For the three months to June, Nova produced 7 181 t of contained nickel, 3 210 t of contained copper and 277 t of contained cobalt.

Meanwhile, Independence also reported that the Tropicana joint venture, also in Western Australia, had met its production target for the 2020 financial year, producing 463 118 oz of gold, which was within the target range of between 450 000 oz and 500 000 oz.

In the quarter ended June, the gold mine delivered 102 007 oz of gold.

Independence’s share of the gold in the full year reached 141 169 oz, and 30 617 oz in the June quarter.

“FY20 was a year of unique challenges, including devastating bushfires and the Covid-19 pandemic. Throughout, the company has demonstrated outstanding resilience and adaptability while achieving excellent operational performance,” said Independence MD and CEO Peter Bradford.

“At Nova, production of all metals exceeded guidance, with nickel production slightly higher than the top end of guidance, while copper and cobalt production were around 10% and 20% higher respectively.

“Tropicana production ended the year below the mid-point of guidance, as we transitioned into the treatment of stockpiled ore with consequential lower milled grades. Stockpiked ore will continue to be a significant source of ore through FY21, supplementing run-of-mine ore from the Boston Shaker openpit and the new underground mine, which remains on schedule to reach commercial production during the September quarter, along with the Havana openpit as the Stage 2 cutback is developed.”


 

Edited by Creamer Media Reporter

Comments

Showroom

Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 
SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.13 0.165s - 91pq - 2rq
Subscribe Now