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Australia Investing
New Century: First Zinc Shipment Underway
Oct. 29, 2018 10:14AM PST
The company said first shipment will consist of 10,000t zinc concentrate, delivered on schedule and within contract specifications to one of the largest smelters in China.
New Century Resources (ASX:NCZ) has announced the initiation of zinc concentrate loading on the MV Wunma and export from the restarted Century operations in Queensland, Australia.
As highlighted in the press release:
- Successful loading of zinc concentrate at Karumba Port onto the MV Wunma
- First shipment will consist of 10,000t zinc concentrate, delivered on schedule and within contract specifications to one of the largest smelters in China
- Attractive commercial terms achieved for the first shipment, including zero penalty for lead and only an immaterial penalty for silica
- First shipment of 10,000t has allowed the Company to complete another forward sale of 10,000t of zinc concentrate, generating a further AU$15.3M in revenue
- Strong demand for current commissioning concentrate production via further sales, bids received from existing offtake partners & interest from other producers
- First shipment represents a major milestone for the Company just 15 months after listing New Century Resources on the ASX
Click here to read the full New Century Resources (ASX:NCZ) press release.
