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Company News Summary

Metals X Provides Update of Operations

12 Mar 2019  |  08:29:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Update of Operations Underground Mine at Nifty

Metals X advised that a temporary loss of power to the underground mine at its Nifty Copper Operations (Nifty) has been resolved, however production for the March 2019 quarter will be impacted. The power outage, combined with other legacy issues relating to Nifty infrastructure and mine services that the Company continues to address, have had an impact on production in the current quarter. Production for the March 2019 quarter is expected to be in the range of 4,000t to 4,200t of copper in concentrate. The power outage was caused by the short-circuiting of underground power cables from the gas turbine to the underground workings.

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