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New Century Resources Provides Quarterly Activities Report for December 2018

21 Jan 2019  |  09:02:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Quarterly Activities Report

New Century Resources provided quarterly activities report for December 2018. It reported that the processing plant load is commissioning and ramp up continuing, with positive progress made in overall plant availability and stability during Q4 2018. The progressive improvements in both recovery and grade during the quarter has resulted in a 55% increase in the average monthly production rate of zinc metal. The Company is targeting continued progression toward full nameplate plant recoveries in Q2 2019. The Company reported total 25,000t of zinc concentrate shipments to date (China and Europe). It noted completion of A$40m senior secured debt facility with NAB.

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