Cleveland Mining ramps up in Qtr 2
CDG Thu, 01 May 2014, 23:30 AEST
The securing of the US$6.8 million credit facility for the Premier Gold JV has enabled Cleveland to recommence and ramp-up mining operations in accordance with the AMC mine plan, beginning with the stripping of overburden over the Metago pit area. Funds were received on 27 March, so mining activity was limited, and only targeting low grade outcropping material during the actual March quarter whilst the implementation of the AMC mine plan was deferred until the receipt of funds. Since then, operations have geared up and future quarters should show strong production increases.
David Mendelawitz
Managing Director
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