Perth, Australia — MININGREVIEW.COM — 02 July 2008 – ASX and AIM-listed Albidon Limited – an Africa-focused exploration and development company with an emphasis on nickel – has reached a major milestone in its Munali project in Zambia by producing its first nickel-copper-cobalt-PGM concentrate
A news release issued here confirmed that hot commissioning of the mills and flotation circuit had commenced in mid-June, with concentrate first processed through the flotation circuit and thickeners last week. First concentrate had been processed through the Larox filter and delivered to the storage sheds on 27 June, meeting the overall project target of first concentrate production in June/July 2008, as originally envisaged when the project was approved for development in September 2006.
“Production of first concentrate at Munali is an exceptional achievement,” the release added, “and heralded the beginning of a new phase for Albidon as a nickel producing company, with cash flow commencing next month.”
Production of nickel ore from the Enterprise ore-body commenced in January 2008, some two months ahead of schedule, and the mined ore stockpile is now sufficient for approximately three months of processing through the mill and concentrator circuit. Hot commissioning of the crushing circuit, which commenced in April 2008, was completed with Albidon taking possession of the crushing circuit from the construction contractor in May 2008.
Albidon said that the focus at Munali was now to build up to full production of 1.2Mtpa of ore from the Enterprise mine, and to generate between 10 000 and 10 500 tpa of nickel in a high quality Ni-Cu-Co-PGM concentrate. It was anticipated that full production at this expanded rate would be achieved in early 2009.
The company added that mine and concentrator optimisation studies would be carried out on an ongoing basis as it built up to full production at Munali, which is located approximately 60 km south of the Zambian capital, Lusaka.