Q3 2014 Production Update

RNS Number : 3386T

Central Asia Metals PLC

03 October 2014

 



3 October 2014

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

Q3 2014 Production Update

Central Asia Metals plc (AIM: CAML), a copper producing company focused on base metals in Central Asia, today announces its quarterly production update for the Kounrad SX-EW copper recovery plant in Kazakhstan.

Summary:

·     Q3 2014 record copper production - 3,337 tonnes (12.7% increase yoy)

·     2014 copper production to 30 September -  8,432 tonnes (7.8% increase yoy)

·     Boiler house expansion commissioned

·     On track to meet 2014 FY target of 11,000 tonnes

Kounrad Q3 2014 production of 3,337 tonnes (Q3 2013: 2,962 tonnes) of copper cathode is the highest quarterly output achieved since the start of operations in May 2012. Following the record Q3 production, the total 2014 output to date stands at 8,432 tonnes.

An additional 5.6MW of boiler capacity was commissioned by the end of September to facilitate increased production throughout the winter months. An area of 27 hectares on dumps 6 and 7 is also being covered with HDPE sheeting for winter leaching operations.

Kounrad production remains in line with the Company's 2014 full year production target of 11,000 tonnes.

For further information contact:

Central Asia Metals plc	Tel: [phone]
Nick Clarke, CEO Nigel Robinson, CFO
Peel Hunt LLP (Nominated Adviser & Joint Broker)	Tel: [phone]
Matthew Armitt Ross Allister
Mirabaud Securities LLP (Joint Broker)	Tel: [phone]
Peter Krens
Bell Pottinger	Tel: [phone]
Mark Antelme Lorna Cobbett

Note to editors:

Central Asia Metals, an AIM-listed UK company based in London, owns 100% of the Kounrad SX-EW copper facility in Kazakhstan. The Company also has a 50% equity interest in Copper Bay Ltd, which is a private company conducting a pre-feasibility study of the Chañaral Bay Copper Project in Chile. At the 2014 UK Stock Market Awards, the Company was named Best Basic Resources Plc. For further information, please visit www.centralasiametals.com.

 

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