Kimberley Metals Limited (ASX:KBL) First Copper Concentrate Shipped to China
Sydney, Australia (ABN Newswire) - Kimberley Metals Limited (ASX:KBL) is pleased to announce the departure of the first shipment from Port Botany yesterday of approximately 1,000 tonnes of copper concentrate to Yunnan Copper Co. (SHE:000878) in China.
The Company expects to make ongoing shipments each of at least 1,000 tonnes of copper concentrates on an average three week cycle for the remainder of 2011.
About Kimberley Metals Limited:
Kimberley Metals Limited (ASX:KBL) is an Australian resource company listed on the ASX with focus on precious and base metals The Company (75%) and Henan Yuguang Gold & Lead Co. Ltd (HYG&L) (25%,) own the Sorby Hills Silver-Lead-Zinc deposit in Western Australia, which is one of the world’s largest near surface undeveloped silver-lead deposits, close to port infrastructure and a short distance from Asian markets. The Company wholly owns the Mineral Hill Mine located in central New South Wales. Current production of 250,000tpa at Mineral Hill is forecast to increase to 400,000tpa with the introduction of gold and silver dore production from Pearse open cut from mid-2012. Initial planned production at Sorby Hills will be 500,000tpa from mid-2013.
Source:
Kimberley Metals Limited
Contact:
Jim Wall
Executive Chairman
Kimberley Metals Limited
Telephone: 61-2-9927-2005
Stuart Mathews
Chief Operating Officer
Kimberley Metals Limited
Telephone: 61-2-9927-2003
http://www.kimberleymetals.com.au