News

OZ Minerals September 2009 Quarterly Report

15 Oct 2009

Summary

  • Production from Prominent Hill up on previous quarter and on schedule to meet original guidance for the year.
  • 2009 guidance range narrowed to 85,000 tonnes to 90,000 tonnes for copper production, US70c/lb to US75c/lb for cash costs; gold production unchanged.
  • Misfire events and geotechnical issues restricted ore mining in parts of the pit during the period.
  • Unplanned plant shut-downs impacted mill production but issues were resolved by the end of the period.
  • Underground feasibility studies continue and are now due for completion in the first quarter of 2010.
  • Regional exploration at Prominent Hill returns iron-oxide copper-gold-style alteration in some holes.
  • Exploration in Cambodia is proceeding towards an initial gold Resource.