Avanco Resources Releases September 2015 Quarterly Activities Report

Avanco Resources Limited (ASX:AVB) announced the release of their quarterly activities report ending September 2015.
As quoted in the press release:

HIGHLIGHTS

• Construction at Antas commenced in May 2015 and continues to progress on schedule and within budget. Management aim to be commissioning in the 1 st Quarter, 2016
• No Lost Time Injuries, Medical Treatment Incidents or Environmental events occurred during the quarter
• Forty percent of Construction CAPEX has been spent. Plant earthworks are complete and ~80% of civil works are completed
• The plant site has been connected to the 34.5kV high-tension power line
• Site expenditure, including labour costs, are in local currency (Brazilian Real), consequently the weakening Real is reducing construction costs and financial risk
• Pre-stripping of the Antas Open Pit has commenced on schedule
• The Lump Sum Turn Key Metso Filter construction is on schedule
• Installation of the crushing circuit is nearing completion, with electrical connection and reticulation progressing
• Construction of the Tailings Management Facility (TMF) drainage filter is complete. Lifting and compaction of the dam embankment is ongoing, with completion anticipated during November
• Avanco’s construction “Owner’s Team” is operating very effectively, has been expanded, reinforced and provides continuous progress reporting
• Antas is forecast to ramp-up to ~12,000t of copper and ~7,000oz of gold per annum
• Execution of Off-Take contract(s) for concentrates is targeted for December
• The Company is financially strong, debt free and owns 100% of both Antas and the proximal, larger, Stage 2 Pedra Branca Copper Project
• Good progress has been achieved on the Pedra Branca scoping study
• The Managing Director has relocated to site to ensure ‘Operational Readiness’

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