TIDMCAML
RNS Number : 5366H
Central Asia Metals PLC
07 April 2022
7 April 2022
CENTRAL ASIA METALS PLC
('CAML' or the 'Company')
Q1 2022 Operations Update
Central Asia Metals plc (AIM: CAML) today provides a Q1 2022
operations update for the Kounrad dump leach, solvent extraction
and electro-winning ('SX-EW') copper recovery plant in Kazakhstan
('Kounrad') and the Sasa zinc-lead mine in North Macedonia
('Sasa').
Summary
- Zero lost time injuries ('LTI') at Kounrad
- One LTI at Sasa
- Kounrad copper production, 3,024 tonnes
- Sasa zinc in concentrate production, 5,240 tonnes
- Sasa lead in concentrate production, 6,736 tonnes
Outlook
- Full year 2022 guidance
o Copper, 12,500 to 13,500 tonnes
o Zinc in concentrate, 20,000 to 22,000 tonnes
o Lead in concentrate, 27,000 to 29,000 tonnes
CAML production summary
Metal production (tonnes) Q1 2022 Q1 2021
Copper 3,024 2,880
-------- --------
Zinc 5,240 5,742
-------- --------
Lead 6,736 7,016
-------- --------
Nigel Robinson, Chief Executive Officer, commented:
"We have had a strong Q1 2022 and we are on track to meet our
full year production guidance at both Kounrad and Sasa."
Health and Safety
In Q1 2022, there were no LTIs at Kounrad and one LTI at
Sasa.
Kounrad
Kounrad Q1 2022 copper production was 3,024 tonnes and copper
sales during Q1 2022 were 2,906 tonnes.
Sasa
In Q1 2022, mined and processed ore were 197,501 tonnes and
197,986 tonnes respectively. The average head grades for the period
were 3.14% zinc and 3.65% lead. Q1 2022 metallurgical recoveries
were 84.3% for zinc and 93.3% for lead.
Sasa produces a zinc concentrate and a separate lead
concentrate. In Q1 2022, 10,519 tonnes of concentrate containing
49.81% zinc and 9,488 tonnes of concentrate containing 70.99% lead
were produced.
Sasa typically receives from smelters approximately 84% of the
value of its zinc in concentrate and approximately 95% of the value
of its lead in concentrate. Accordingly, Q1 2022 payable production
was 4,398 tonnes of zinc and 6,399 tonnes of lead. Given that
deliveries from Sasa to the smelters occur on a regular basis,
payable base metal in concentrate sales for the quarter were
similar at 4,409 tonnes of zinc and 6,314 tonnes of lead.
During Q1 2022, Sasa sold 74,795 ounces of payable silver to
Osisko Gold Royalties, in accordance with its streaming
agreement.
Units Q1 2022 Q1 2021
Ore mined t 197,501 207,704
--------- -------- --------
Plant feed t 197,986 210,413
--------- -------- --------
Zinc grade % 3.14 3.23
--------- -------- --------
Zinc recovery % 84.3 84.5
--------- -------- --------
Lead grade % 3.65 3.57
--------- -------- --------
Lead recovery % 93.3 93.5
--------- -------- --------
Zinc concentrate t (dry) 10,519 11,521
--------- -------- --------
* Grade % 49.8 49.8
--------- -------- --------
* Contained zinc t 5,240 5,742
--------- -------- --------
Lead concentrate t (dry) 9,488 9,730
--------- -------- --------
* Grade % 71.0 72.1
--------- -------- --------
* Contained lead t 6,736 7,016
--------- -------- --------
For further information contact:
Central Asia Metals Tel: +44 (0) 20 7898 9001
Nigel Robinson, CEO
Gavin Ferrar, CFO
Louise Wrathall, Director of Corporate louise.wrathall@centralasiametals.com
Relations
Peel Hunt (Nominated Advisor and Tel: +44 (0) 20 7418 8900
Joint Broker)
Ross Allister
David McKeown
BMO Capital Markets (Joint Broker) Tel: +44 (0) 20 7236 1010
Thomas Rider
Pascal Lussier Duquette
BlytheRay (PR Advisors) Tel: +44 (0) 20 7138 3204
Tim Blythe
Megan Ray
Rachael Brooks
Note to editors:
Central Asia Metals, an AIM-listed UK company based in London,
owns 100% of the Kounrad SX-EW copper project in central Kazakhstan
and 100% of the Sasa zinc-lead mine in North Macedonia.
For further information, please visit www.centralasiametals.com
and follow CAML on Twitter at @CamlMetals and on LinkedIn at
Central Asia Metals Plc
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END
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