News

OZ Minerals March 2010 Quarterly Report

15 Apr 2010

Summary:

  • Strong copper production at Prominent Hill, due to high throughput rates, milled grades and recoveries.
  • Gold production higher due to increased gold-only ore treatment and higher than expected grades from the open pit.
  • Gold production guidance increased.
  • Costs of production (C1 – US57.4c/lb) world competitive.
  • Cost guidance for 2010 lowered. 
  • Additional open pit fleet to be added to increase operational flexibility.
  • Underground feasibility study – decline planned. 
  • Exploration Joint Venture signed with IMX Resources; exploration to commence immediately on this additional highly prospective tenement area. 
  • Initial Resource of 605,000oz announced for the Okvau project in Cambodia.
  • Neil Hamilton elected as Chairman.