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Resolute Mining Limited — Capital/Financing Update 2009
Mar 16, 2009
10548_rns_2009-03-16_2aaea939-7eaf-4e08-aa26-198a11eb66b0.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
SYAMA COMMISSIONING UNDERWAY
Resolute Mining Limited is pleased to provide the following update on progress at its Syama gold mine in Mali where commissioning of the sulphide processing circuit has commenced. Resolute holds an 80% interest in Syama, which is forecast to produce approximately 250,000 ounces of gold per annum once in operation.
CONSTRUCTION
Construction of the project is substantially complete.
Punch lists for the various sections of the plant have been prepared and are being worked through by a dedicated mechanical and electrical team. This work which does not effect the operation of the plant, will continue for the next few months.
Most construction contractors have begun demobilising from the site, including Minproc’s EPCM team.
COMMISSIONING
Commissioning of the plant has commenced involving engineers from Resolute, Minproc, Outotec and other specialist commissioning engineers at site.
The treatment of oxide stockpiles was suspended in February. Since then maintenance has been carried out on the crushers and mills and these circuits have been tied into the sulphide section of the plant.
Wet commissioning of the flotation, thickener and filtration areas has been completed and ore commissioning of this section has commenced.
The electrostatic precipitator, scrubber and stack are ready for commissioning.
Roaster dry out has been completed and the refractory linings have passed inspection. Roaster pre commissioning checks are underway and following this roaster commissioning is to start with circuit testing and equipment checks.
RESOLUTE MINING LIMITED A.C.N. 097 088 689 A.B.N. 39 097 088 689 4[th] Floor, The BGC Centre, 28 The Esplanade, Perth, Western Australia 6000. PO Box 7232 Cloisters Square, Perth, Western Australia 6850. Telephone +61 8 9261 6100 Facsimile +61 8 9322 7541 Email : [email protected]
OPERATIONS RAMP UP
Site preparations for sulphide ore feed to the plant are well advanced. Initial feed, both for commissioning and operation, will be a mix of medium grade stockpiles and fresh ore from the pit. Tests on the ore, from both these sources, have been conducted to ensure that a concentrate of appropriate specification for the roaster can be produced.
Concentrate production from the flotation plant has commenced with output meeting the specification for the roaster. This material will be stockpiled ahead of its requirement for roaster commissioning.
Concentrate feed to the roaster is expected to commence in April and throughput ramped up during April and May. Roaster calcine will become available for leaching during this period.
The plant is expected to remain in commissioning mode for a period of eight weeks. During this time operations staff will receive full training on all aspects of its operation.
Resolute is pleased with progress of commissioning activities to date.
Successful commissioning and ramp up of Syama will consolidate Resolute as one of Australia’s leading gold producers.
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PETER SULLIVAN Chief Executive Officer
17 March 2009
RESOLUTE MINING LIMITED A.C.N. 097 088 689 A.B.N. 39 097 088 689 4[th] Floor, The BGC Centre, 28 The Esplanade, Perth, Western Australia 6000. PO Box 7232 Cloisters Square, Perth, Western Australia 6850. Telephone +61 8 9261 6100 Facsimile +61 8 9322 7541 Email : [email protected]