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KBL MINING LTD - ASX: KBL
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Description
Kimberley Metals Limited (ASX: KBL and KBLGA) commenced business in May 2008 and listed on the Australian Stock Exchange on 25 February 2010. Kimberley Metals is Australia’s newest copper and precious metals producer at the refurbished and upgraded Mineral Hill Mine in Central Western NSW. From 2013 Kimberley Metals plans to commence production at its silver-lead Sorby Hills project in WA.
Current production of 250,000tpa at Mineral Hill is forecast to increase to 400,000tpa with the introduction of gold and silver dore production in mid-2012. Initial production at Sorby Hills will be 500,000tpa rising to 1.2 mtpa.
The Mineral Hill Gold-Base Metal Project
- Historic Mineral Hill mine is located 50km from Condobolin in central NSW.
- Currently producing copper concentrates from refurbished and upgraded 250,000tpa plant.
- Will produce gold and silver bullion from mid-2012 increasing current production of 25,000oz of gold equivalent to 50,000oz of gold equivalent.
- Decade long production potential at 50,000oz of gold equivalent
The Sorby Hills Silver-Lead Project
- Located in far north Western Australia, 120km by sealed road from the Port at Wyndham and 40km from Kimberley regional centre, Kunnunurra.
- 75:25 Joint Venture with China's largest silver and lead smelter, Henan Yuguang Gold & Lead Co.
- The largest, open cut depth, undeveloped silver and lead Resource in Australia with approximately 40 million ounces of silver and close to 1 million tonnes of lead.
- On track for development of Stage 1 mining operations of 500,000tpa of silver and lead concentrates from mid-2013.
The Constance Range Iron Ore Project
- Discoverd by BHP in 1956 and intensively explored until 1965, when abandoned in favour of Pilbara Iron Ore fields.
- Kimberley Metals has 30% interest in largest known deposit in Constance Range with Resources of 296mt at 53.1% Fe.
- Potential for 1 to 2 mtpa direct shipping ore project
Mine For
gold, copper, silver, lead, zinc, iron ore
Location of operation(s)
Queensland, Western Australia, New South Australia, Northern Territory
Address
Level 3 2 Elizabeth Plaza
NORTH SYDNEY, NSW, Australia
Phone
(61 2) 9925 8100
Website
http://www.kimberleymetals.com.au
Last Updated
13/12/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
