SIX weeks after listing, Australian copper producer Matrix Metals Limited has commenced production from the reopened Dobbyn pit at the Mt Cuthbert operation.
The company also has a host of other production and development activities underway.
Ore from the Dobbyn pit was delivered to the newly constructed leach pad last week and leaching of the first additional copper production is scheduled to start very soon.
Preparations are well under way for the opening of two other new pits at Mt Cuthbert scheduled progressively to the end of October.
Matrix CEO Andrew Chapman said the ramp up in Matrix Metals’ production planned over the next few months is timely, given the recent strengthening trend demonstrated in the copper price and the continuing decline in stock levels worldwide.
“Analysts project the copper industry is moving into an upward cycle with worldwide demand for copper increasing as stockpiles decline to five year lows,” Mr Chapman said.
Proposals have been sought for the completion of the feasibility study for the Mt Cuthbert plant capacity upgrade. Work has also commenced on scoping the next phase of the Mt Cuthbert exploration program aimed at increasing the project life.
The company is also moving closer to finalising the feasibility study and development plans for the White Range project.
