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KINGSROSE MINING LIMITED — Capital/Financing Update 2011
Sep 7, 2011
65202_rns_2011-09-07_f6ed3726-a6d3-47c2-87ed-024c04c438ba.pdf
Capital/Financing Update
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Kingsrose Mining Limited
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7 September 2011
MEDIA RELEASE
Completion of SAG Mill Installation and Commissioning at Way Linggo Gold Project
The Directors are pleased to announce that the installation and commissioning of the SAG mill at the Company’s Way Linggo Gold Project, Sumatra, Indonesia, has been successfully completed.
The SAG mill replaces the secondary crushing circuit and removes materials handling bottlenecks associated with the wet- sticky clay component of the ore.
Kingsrose is targeting steady-state production of 45,000 oz pa gold and 500,000 oz p.a. silver.
The plant now has installed grinding capacity that could see capacity increase to 200,000tpa with some minor additional plant modifications. This puts the company in good stead for future production growth as it aggressively explores the new high grade discovery at Talang Santo.
For further information, please contact:
CHRIS START MANAGING DIRECTOR +61 8 9486 1149 [email protected]
Suite 9, Level 2, 12-14 Thelma Street
Kingsrose Mining Limited
T: +61 8 9486 1149 F: +61 8 9486 1151