Bootu Creek achieves 94% production

The Board of OM Holdings has released March 2009 Quarter results for the Bootu Creek Manganese Mine.

The Board of OM Holdings has released March 2009 Quarter results for the Bootu Creek Manganese Mine, with production of 94,492 tonnes at 40.4% Mn achieved for the March 2009 Quarter.

According to the company, this represents 94% of budgeted production despite inclement weather conditions.

The company’s 2009 production strategy is currently being executed based upon 500,000 tonnes per annum rate, in line with prevailing market conditions.

“Strategy aims to provide increased ROM ore stockpiles to support improved product yield and metal recovery performance during 2009,” the company said.

“Measures are in place to respond proactively to increase annualised production once market conditions improve.”

Mineral resources, including ore reserves, increased by 12.8 million tonnes or 72% to 30.6 million tonnes at 24.1% Mn, with ore reserves more than doubled to 22.4 million tonnes at 22.1% Mn.

A revised 2009/2010 Mine Plan and remaining Life of Mine Plan have been completed following optimisation of the extended Geological Model and Mineral Resource inventory with a focus on cost reduction and ROM and mine optimisation centred around grade, yield and recovery.

OM Manganese resumed its export shipments with 172,306 wet tonnes (162,678 dry tonnes) of high grade product shipped during the March 2009 Quarter.

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