First gold pour at Tembang project
Thursday, October 1 2015 - 01:04 AM WIB
ASX-listed Sumatra Copper & Gold plc announced on Tuesday the first gold pour has been achieved at the Company?s 100 percent-owned Tembang gold project located in southern Sumatra.
Managing Director David Fowler, commented; ?We have reached this significant milestone eight weeks ahead of schedule and only nine months after construction resumed at Tembang in December 2014. The handover from the Project?s construction team to Operations has been successfully accomplished following the achievement of a steady state processing rate at 90% of nameplate capacity of 45 tonnes per hour over the past week,?
The maiden gold bar weighed in at 3,703.3 grams (119 ounces) comprising gold and silver recovered from the leach circuit. The gold was sourced predominantly from low grade ore feed as part of the commissioning process to test the crushing and CIL circuit. Plant commissioning, including the gravity circuit, will continue into October with higher grade run-of-mine ore starting to be fed to the plant as testing activities conclude.
Further to the ASX announcement of Sept. 16, 2015, the company?s wholly owned subsidiary, PT Dwinad Nusa Sejahtera, has drawn down the second tranche of US$5 million from its senior secured debt facility. The total $45 million Facility has now been fully drawn down.
Editing by Johannes Simbolon