Kimberley Metals Limited (ASX:KBL) First Copper Concentrate Shipped to China
Sydney, Oct 21, 2011 AEST (ABN Newswire) - Kimberley Metals Limited (
ASX:KBL) is pleased to announce the departure of the first shipment from Port Botany yesterday of approximately 1,000 tonnes of copper concentrate to Yunnan Copper Co. (SHE:000878) in China.
The Company expects to make ongoing shipments each of at least 1,000 tonnes of copper concentrates on an average three week cycle for the remainder of 2011.
About KBL Mining Ltd
KBL Mining Ltd (ASX:KBL) is an Australian resource Company listed on the ASX with a focus on producing precious and base metals. KBL's main assets include the Mineral Hill copper-gold-silver-lead-zinc mine near Condobolin in New South Wales and Sorby Hills lead-silver-zinc project in Western Australia. The Company has been operating the refurbished processing plant at Mineral Hill since October 2011 to produce copper-gold concentrates and in 2013 commenced producing a separate lead-silver concentrate. Sorby Hills (KBL holds 75% with Henan Yuguang Gold & Lead Co. Ltd (HYG&L) holding 25%) is a large near surface undeveloped silver-lead deposit close to port infrastructure and a short distance from Asian markets.
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