The company reported that during the quarter, mining commenced at Plomosas Mine for total capital cost of US$275,000.
Consolidated Zinc (ASX:CZL) has releases its September quarter activities and cashflow reports, detailing activities at the Plomosas mine in Mexico where mining commenced during the quarter.
As highlighted in CZL’s Activities report:
- Mining commenced at Plomosas Mine for total capital cost of US$275,000
- Toll treatment and offtake agreements executed with Grupo Mexico (BMV:GMEXICO/B)
- Bankable Feasibility Study Completed
On the agreement with Grupo Mexico, the company explained that the Plomosas ore will be processed through Grupo Mexico’s Santa Eulalia concentrator with the resulting zinc and lead concentrates sold to Grupo Mexico in accordance with the terms of the tolling agreements for refining at the San Luis Potosi zinc smelter located in Mexico.