Brief: 29Metals Says Recovery Plan For Capricorn Copper Is Progressing To Plan

29Metals

05/07/2023 02:17

July 5 (Reuters) - 29Metals Ltd  29M.AX :
    * RECOVERY PLAN FOR CAPRICORN COPPER IS PROGRESSING TO PLAN,
WITH
PHASE 1 INITIAL RESTART OF OPERATIONS ON TRACK FOR AUGUST
    * PHASE 1 INITIAL RESTART OF OPERATIONS ON TRACK FOR AUGUST
2023
FOR CAPRICORN COPPER
    * CONTINUES TO INVESTIGATE ALTERNATIVE SHORTER-TERM TAILINGS
STORAGE CAPACITY OPTIONS TO SEEK TO MITIGATE ONGOING DELAYS
    * PROCUREMENT AND INSTALLATION OF PUMPS AND PIPING
INFRASTRUCTURE
IS WELL ADVANCED
    * RECOVERY COSTS AT CAPRICORN COPPER ARE IN LINE WITH PLAN
    * CONTINUES TO INVESTIGATE ALTERNATIVE SHORTER-TERM TAILINGS
STORAGE CAPACITY OPTIONS
    * EARLY ACTIVITY FOR PHASE 2 OF RECOVERY PROGRESSING TO PLAN
FOR
TARGETED MID-H1 2024 RESTART OF ESPERANZA SOUTH SUB-LEVEL CAVE
MINE

Source text for Eikon:  ID:nASX41dgtW 
Further company coverage:  29M.AX 

 ((Reuters.Briefs@thomsonreuters.com;))