panaust completes first sal e of phu … · e sale retu al pricing a ... first sal concen le of...
TRANSCRIPT
ASX AN
27 June
PanAustPhu KhaHarbou
The Phuof concebased ocopper 3,000t o
Managimilestoof a ver
The first
Commecosts w
PanAustconcent
During 2schedulcontain
By the s16 milliocontain
A conceto 100,0
In additfrom th2008 an
NNOUNCEM
e 2008
t Limited haam Operatior in Thailan
u Kham Opeentrate. Thon provisionand gold anof concentr
ng Directorne and we ay profitable
t shipment
ercial conceill be fully e
t remains otrate contai
2009, the filed to proceing 60,000 t
start of 201on tonnes oing 75,000 t
eptual study000t.
tion to the ce fully integnd 20,000oz
MENT
PAN
PHU KH
as received on in Laos fd.
eration will he sale retunal pricing and silver create contain
r, Gary Staffare looking e business f
of 10,000t
ntrate prodexpensed fro
on track to mining 30,000
rst full yearess 12 milliotonnes of c
0, PanAust of ore per atonnes of c
y is also und
copper‐goldgrated Phu z for 2009 a
AUST COM
HAM COP
payment fofollowing de
be cash‐florned revenund quality aedits). It is aning approxi
ford, said, “forward toor our shar
of copper‐g
duction has om that dat
meet its fore0t of coppe
r of copper‐on tonnes oopper, 60,0
will have connum for aopper, 65,0
derway with
d concentraKham heaps the reserv
MPLETES
PPER‐GOLD
or its first saelivery to th
w positive due of US$11assumptionanticipated imately 750
We are delio our first sheholders.”
gold concen
been declate.
ecast 2008 r, 27,000oz
‐gold produof ore to pro000oz of go
ompleted annual prod000oz of go
h the target
te productip leach gold ve is deplet
FIRST SAL
D CONCEN
ale of coppehe Company
during June1.7 million ans (containinthat PanAu
0t of copper
ighted that hipment, wh
ntrate is sch
red from 1
productionz of gold and
ction at Phoduce 240,0ld and 600,
n expansionuction of 30ld and 600,
t of increasi
on at Phu Koperation ed.
LE OF
NTRATE
er‐gold cony’s storage f
e following tafter smelteng approximust will makr before the
PanAust hahich will sig
heduled for
June 2008 a
of approxid 300,000o
u Kham, the000 tonnes 000oz of sil
n to lift thro00,000 tonn000oz of sil
ng annual c
Kham, produis expected
centrate frofacility at Sr
the sale of 5er deductiomately 1,250ke a further e end of Jun
as passed annal the eme
early July.
and operat
mately 120z of silver.
e Operationof concentrver.
oughput by nes of concever.
copper prod
uction of go to be 30,00
om the riracha
5,000t ns and 0t of sale of
ne.
nother ergence
ing
,000t of
n is rate
33% to entrate
duction
old doré 00oz for
For further information contact: Mr Gary Stafford Mr Allan Ryan Managing Director Investor Relations Manager PanAust Limited Tel: +61 7 3117 2000 Email: [email protected] Website: www.panaust.com.au Forward-Looking Statements
This announcement includes certain “Forward-Looking Statements”. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding forecast production and future expansion plans and development objectives of PanAust are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.