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:: Tiger Resources Breaks Monthly Production Record at Kipoi
Tiger Resources Limited is pleased to announce that it has set a new record for monthly production at its Kipoi Copper Project in the Democratic Republic of Congo (DRC).
Tiger produced 4,422 tonnes of copper in concentrate in June from its heavy media separation (HMS) plant, 47% above the HMS plant’s nameplate capacity and 10% higher than the previous monthly record of 4,007 tonnes achieved in March 2013.
In April the Company produced 3,263 tonnes of copper and 3,431 tonnes in May. Total quarterly production was 11,116 tonnes of copper, a record quarter. “As we proceed deeper into the Kipoi Central deposit the rock becomes stronger with higher contained copper content," Managing Director Brad Marwood said. “We find increasing production performance with better recovery, better concentrate grades, and lower costs."
Tiger has produced 20,604t of copper so far this calendar year, 11% higher than the budget of 18,500t of copper. Waste mining has been accelerated to maintain production, which should reduce operating costs during the latter part of the year.
Modifications to the processing plant, which include the replacement of conveyors and other minor changes to enhance the production performance, have been completed at nominal cost.
These enhancements allow for increased materials handling and better separation of concentrate from the waste rock. Coupled with the improving properties of the ore, this should result in sustained outperformance of the plant. The increased quantity of ore established with grade control should also help to sustain higher production levels throughout 2014.
Details of the operating costs and performance will be presented in the quarterly report, which will be issued later this month.
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