Consolidated Zinc: Mining Commences Immediately at Plomosas
Scott Tibballs - September 5th, 2018
The CZL Board has approved the development plan and mining will commence immediately with monthly receipts commencing mid October 2018.
Consolidated Zinc (ASX:CZL)has announced it will commence mining at its Plomosas zinc-lead-silver project in northern Mexico.
The CZL Board has approved the development plan and mining will commence immediately with monthly receipts commencing mid October 2018.
As highlighted in the press release:
- Mining of high-grade Tres Amigos mineralization at Plomosas to commence immediately
- First zinc sulphide processed in September, C1 cost less than US$0.50/lb zinc
- Toll treatment and concentrate off-take agreement secured with Grupo Mexico
- Plan to process 1 – 4 lots of 2,500t per month starting September with first cashflow from production in October 2018
- Fully funded to cashflow with low capex requirement of US$500,000
Click here to read the full Consolidated Zinc (ASX:CZL) press release.
