Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn

Company News Summary

Discovery Metals Announces Pit Development Resumes at Boseto

27 Dec 2012  |  11:56:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Pit development resumes at Boseto

Discovery Metals announced it has resumed normal development of the Zeta open pit at the Boseto copper project in Botswana, after the Botswana Department of Mines, Minerals, Energy and Water Resources accepted the Company's geotechnical report and lifted temporary restrictions preventing deepening of the pit. In the period since the restriction was imposed in late November, which was the result of a small localised failure of a section of an interim hanging wall, mining has focused on advancing development of the higher benches and ore has been fed to the mill from these higher benches and from stockpiles. With the resumption of normal pit development, mining of sulphide ores at the base of the pit may recommence, enabling supply of higher grade material to the mill.

Please click here for full details

See more ASX300 News Announcements