Sumatra completes optimization study for Tembang project
Tuesday, May 1 2012 - 01:29 AM WIB
Australian listed miner Sumatra Copper & Gold plc announced that the company has completed an optimization study for Stage 1 of its wholly-owned Tembang gold and silver project in April. The company in its quarterly report said that the optimization study which identified key changes to the Stage 1 mining strategy and resulted in significant improvements to Pre-Feasibility Study.
Tembang is located 120 km northeast of Bengkulu in central Sumatra and covering an area of around 850 km2.
The company earlier said that the Stage 1 consisted of the Belinau deposit, which comprised approximately 13% of the total Tembang project resource of 976,000 ounces gold and 12,794,000 ounces silver.
Editing by Adianto P. Simamora