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ZCI - ZCI Limited - Production update for African Copper Plc

Release Date: 03/04/2012 08:44
Code(s): ZCI
Wrap Text

ZCI - ZCI Limited - Production update for African Copper Plc ZCI Limited (Bermudian registration number 661:1969 (South African registration number 1970/000023/10) JSE share code: ZCI ISIN: BMG9887P1068 Euronext share code: BMG9887P1068 ("ZCI" or "the Company") PRODUCTION UPDATE FOR AFRICAN COPPER PLC ("ACU") ZCI is pleased to report that its subsidiary, ACU, announces a production update for its Mowana and Thakadu Mines. The majority of ore processed at the Mowana processing facility during March 2012 was sourced from the higher grade Thakadu mine where mining operations are moving closer to sulphide ore. Trucking operations from Thakadu to Mowana also improved with a total of 80,521 tonnes being moved. Together, these factors combined to effect a significant improvement over February 2012 when production was constrained by trucking operations and plant availability. Recent production levels are set out below: October to March February January December Description 2012 2012 2012 2011 Ore processed (Mt) 72,829 41,273 63,592 168,739 Cu grade (%) 2.05 2.18 2.00 2.10 Recovery (%) 54.9 36.1 42.7 49.0 Concentrate 3,620 1,641 2,622 7,498 produced (Mt) Copper produced in 809 324 543 1,747 concentrate (Mt) With many of the capital improvement initiatives at Mowana completed, production in March 2012 achieved management`s targeted levels. Investors are cautioned that while March production was positive, the operations must achieve these levels over a continuous period to ensure the targeted levels of production are achieved on a sustainable basis. The technical information in this announcement has been reviewed and approved by David De`Ath, BSc (Hons), MSc, GDE-Mining, MIMM and MAusIMM, the Company`s Manager, Geology, of the Mowana Mine for the purposes of the current Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in June 2009. For further information please visit www.africancopper.com Bermuda 3 April 2012 Sponsor: Bridge Capital Advisors (Pty) Limited Date: 03/04/2012 08:44:21 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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