CBH set to commence Rasp operations
CBH Resources Limited (CBH) announced that the necessary approvals have been received to allow commencement of operations at the Rasp Mine in Broken Hill. The company said the approvals allow for the mining and crushing of 120,000 tonnes of ore per annum from the mine for two years and for the ore to be transported to CBH’s Endeavor Mine near Cobar for processing.
CBH anticipates underground mining operations to commence by mid 2010.
The company said mining operation would focus on recovering ore from the high-grade Main Lode Pillar areas.
”The expected head grade of these operations will be 8.8% Zinc, 8.8% Lead & 209 g/t Silver, with 8,000t of lead concentrate and 12,000t of zinc concentrate to be produced during the first year of operations,” CBH said.
Managing director and CEO, Stephen Dennis, said the company would be seeking approvals and working on plans for Stage 2 of the mine during the year, which would see production of up to 750,000 tonnes per year for approximately 15 years.
At the open of trade, CBH shares were 0.5c to 15c.
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