Polymetals Resources Ltd announced yesterday that saleable silver-lead and zinc concentrates are being produced to plan at its Endeavor mine.
Polymetals Executive Chairman Dave Sproule said they were delighted with the completion of the Endeavor mill refurbishment.
“Milling operations are settling down well and we are addressing various maintenance issues as they arise,” Mr Sproule said.
Mining and processing activities are continuing to ramp-up to Polymetals’ targeted levels.
“Pre-payment against holding certificates has been arranged with Ocean Partners to assist with working capital needs.
“The site continues to mill medium grade ore whilst optimising processing to receive increasing primary feed grade and high-grade silver ore in the coming months.”
The first movement of zinc concentrate from site will commence shortly with plans to export the zinc concentrate from Adelaide.
Silver-lead concentrate movement from site will follow the first zinc shipment.
The mine is projected to produce 260,000 tonnes of zinc, 10.6 million ounces of silver, and 90,000 tonnes of lead.
