COVID-19 RESPONSE
To date there have been no cases of COVID-19 within the
To date there has been no disruption to operations, critical supplies or product logistics and shipping at Renison. Business continuity and resilience plans are in place for any disruptions, which include prudent financial measures.
TIN DIVISION
Production of 1,740t tin-in-concentrate, 5% higher than the previous quarter due to higher mined grade.
EBITDA of
Production guidance for FY19/20 is 7,100 - 7,300t of tin-in-concentrate at an all-in sustaining cost of
Updated Renison Mineral Resource of 18.54Mt at 1.54% Sn for 285,100t of contained tin representing a 22,100t (8%) increase in contained tin.
Completion of the Area 5 Mining Optimisation Study and updated Life of Mine Plan on track for the
Metallurgical Improvement Program starting to deliver increasing mill throughput rates and recoveries including the new on-stream analysis system, which remains on track for commissioning in the
COPPER DIVISION
Strategic Review of Copper Division ongoing and is expected to be completed during the
Canaccord and Hartleys appointed during the quarter as
NICKEL DIVISION
Infill drilling at Wingellina delivered outstanding results for two further delineated high grade nickel-cobalt areas1.
CORPORATE
Closing cash and working capital of
Loan facility (Citibank) balance as at
COVID-19 RESPONSE
There have been no cases of COVID-19 within the
Specific changes in activities and procedures implemented at sites include: Formation of a MLX Crisis and Business Continuity Management Team; Weekly reporting of COVID-19 response and impact to the MLX Board and other stakeholders; Elimination of non-essential interstate staff travel; Implementing working from home wherever practical; Change of rosters at Nifty and Wingellina to minimise travel with direct intra-state charter flights where possible; At Wingellina, separation of all project personnel and activities from contact with the local community; Segregation of staff in accommodation, dining and meeting places to ensure physical distancing; Daily temperature screening prior to entry at site or boarding of site aircraft charters; Personal declarations for all personnel entering site; Daily site meetings conducted specifically for the management of the COVID-19 plans; Modifications to site infrastructure to allow improved cleaning regimes; Enhanced cleaning regimes at offices and villages; Suspension of surface exploration activities and Development of business continuity and resilience plans including holding increased inventories of consumables.
Contact:
Tel: +61 8 9220 5700
Email: reception@metalsx.com.au
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