There may be a conflict of interest present with commercial arrangements with companies and/or stock held. All rights reserved. Commissioning will allow the full capacity of the circuit to be incorporated into the plant’s operations for the first time since the mine re-opened in September 2018.

Base metal producer New Century Resources (NCZ) has announced a 22 per cent increase in production this quarter, from its Century Zinc Mine in Queensland.In total, the Century Zinc Mine produced around 34,500 tonnes of zinc in the June quarter.This marks New Century's seventh quarter in a row where it has delivered increased production, as well as decreasing costs.

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rate (subject to commercial production declaration) (see ASX announcements 03 September 2018 & 23 April 2018) Slurry commissioning has commenced on an upgraded scavenger circuit at Commissioning will allow the full capacity of the circuit to be incorporated into the plant’s operations for the first time since the mine re-opened in September 2018.The scavenger circuit upgrade was delivered on budget and three weeks ahead of schedule, representing completion of the second milestone of the mine’s scheduled ramp up to 12 million tonnes per annum throughput over the 2020 financial year.The third and final ramp up involves upgrading the rougher circuit and remains on track for completion in March 2020.New Century said the upgraded scavenger circuit is expected to provide continued improvement to overall plant performance, with the increase in residence time providing further optimisation of throughput, recoveries and concentrate quality.“With recent operational rates approaching 9Mtpa, the 100% increase in scavenger capacity will provide substantial flexibility in this area of the plant … only an additional [and approximate] 25% throughput is required to bring operations to 12Mtpa,” the company said.In other operational improvements, an upgrade to the plant’s cleaner circuit completed in August has had a positive impact, providing a “step change” in New Century’s operational performance for the second half of the September quarter.“The improvements due to this upgrade are particularly evident in the performance during the month of September, which delivered 10,013t of zinc metal at an average recovery of 52% zinc (against an overall quarterly average recovery of 48% zinc),” the company said.“Operations have achieved a clear reduction in variability since early September [and] stability is expected to continue as the ramp up progresses, allowing for the continued optimisation of all production parameters.”Concentrate quality has also continued to improve following the upgrade, with zinc grades increasing to a quarterly average of 49%, compared to 48.1% in the previous three-month period.The Century zinc mine began its life under former owner During initial operations, it was one of the world’s largest base metal mines, churning out an average 475,000tpa of zinc and 50,000tpa of lead in concentrate products over its history.When ore reserves from the original Big Zinc orebody were depleted, MMG sold the mine to Century Bull Pty Ltd, which on-sold an initial 70% equity – and seven months later, the remaining 30% – to New Century Resources (then known as Attila Resources).Operations were re-started in August 2018 following a feasibility study which indicated the potential for a highly-profitable, large-scale, low-cost operation.Century has an estimated production capacity of 264,000tpa zinc and 3 million ounces per annum silver over an initial ore reserve mine life of 6.3 years.In-situ mineral resources provide potential for mine life extension and New Century is engaged in active exploration programs across the 1800 square kilometre tenement package.At late afternoon trade, shares in New Century were up 12.90% to $0.35.Imelda Cotton has over 20 years experience as a journalist and communications professional.
New Century Resources (ASX:NCZ) is an Australian base metal producer operating the Century Mine in Queensland with the aim of becoming one of the world’s top 10 zinc producers. There are a number of potential new mine developments held by ASX-listed companies, but Boyd-Mathews told Market Intelligence that zinc assets have historically proven to be tough to build and operate for juniors, as the cost curve generally favors large-scale operations.

Small Caps is Australia's #1 site for news & information on ASX listed small cap companies. Former Names Attila Resources Limited (AYA), 17/07/2017 . This marks New Century's seventh consecutive quarter of delivering increasing production and decreased costs; Shares in the company closed 5.71 per cent in the green, at 18.5 cents each; Base metal producer New Century Resources (NCZ) has announced a 22 per cent increase in production this quarter, from its Century Zinc Mine in Queensland. Costs are now sitting at around US$0.79 (approximately A$1.13) per pound of a payable metal on an unreconciled basis.New Century has also announced transitioning from using contractor services to full owner-operator services on both its hydraulic mining and processing plant operations.Additionally, due diligence is continuing on the Goro Nickel & Cobalt Mine, as the company is looking to acquire it.Shares in New Century closed up 5.71 per cent today, trading for 18.5 cents each.FYI Resources (FYI) is aiming to raise up to $2.7 million to progress its high-purity alumina (HPA) project in Western Australia.Aurelia Metals (AMI) said new drilling results have further confirmed high-grade gold mineralisation at the company’s Federation deposit.Australian Mines (AUZ) has started producing cathode precursor materials for nickel-cobalt-manganese (NCM) batteries.Sunstone Metals (STM) has signed an agreement to acquire a 100 per This field is for validation purposes and should be left unchanged.Base Metals: New Century’s zinc production is shifting to top gear
An increase in zinc production is on the cards for The upgrade was delivered under budget and four weeks ahead of schedule, allowing the company to increase throughput by 33 per cent to 12 million tonnes per annum.This is expected to increase overall zinc metal production while reducing the overall unit cost of production by increasing output against the 70 per cent fixed cost base on site.As part of the throughput increase, the company is also bringing a fourth and final mining cannon online.New Century produced 28,123 tonnes of zinc in the December 2019 quarter, up 7 per cent from the previous quarter, while C1 cash costs improved by 3 per cent to $US0.96 per pound.The company had forecast production of between 29,000 tonnes and 35,000 tonnes of zinc and C1 cash costs of between $US0.85 and $US0.95 per pound in the March 2020 quarter.It expects to declare commercial production at the end of the June 2020 quarter.Shares in the company climbed 3 per cent this morning.Progressive ramp-up of stoped ore volumes is expected throughout the year, which is expected to drive improved operation performance at the Savannah mine in Western Australia’s East Kimberley region over the next 12 months.This comes after the company developed a plan to resolve recent geotechnical challenges encountered while developing the Savannah North ventilation raise.Once this is completed during the September 2020 quarter, Panoramic expects there will be sufficient primary airflow to allow the planned production ramp-up to proceed according to schedule.CBH, a wholly-owned subsidiary of Japanese non-ferrous metals refiner Toho Zinc Co, has the right to earn an 80 per cent interest in the project by completing expenditure of $4m over five years.Billy Hills contains numerous zinc targets including the Firetail prospect, where rock chip samples returned assays of up to 30.3 per cent zinc, 127 grams per tonne (g/t) silver and 3 per cent lead.Get the latest Stock & Small Caps news and insights direct to your inbox. Copyright 2020 Small Caps. 27 October - SunSHIFT’s moveable solar suits New Century Resources Australian Financial Review.

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