New Century Resources Ltd (ASX:NCZ) has achieved two major operational milestones at its Century Mine and Karumba Port Facility in Queensland.
The first is a major safety milestone: a 12-month rolling total recordable injury frequency rate (TRIFR) of zero, achieved on January 15, 2023.
The second milestone is the production of more than one million tonnes of zinc concentrate since the restart of operations in 2018.
Production at Century for the December 2022 quarter was 29,276 tonnes of zinc.
NCZ shareholders can also expect the pre-feasibility study (PFS) for the Mt Lyell Copper Mine in Tasmania to be released this month.
Outstanding safety result
NCZ managing director & CEO Robert Cooper said, “The New Century team has delivered an outstanding safety result by achieving a zero TRIFR, further affirming its best-in-class safety culture and practices.
"This underpins our culture as we look to grow the company, with the entire organisation now redoubling our focus on maintaining this standard.
"We also celebrate having now produced more than 1 million tonnes of zinc concentrate via hydraulic mining operations, with a production profile that places the company within the top-15 global producers of zinc.”
Concentrate production
Cooper said he was pleased with the production milestone.
“Concentrate production for the December 2022 quarter contained 29,276 tonnes of zinc, a pleasing result against a backdrop of a planned major shutdown and weather events during the Northwest Queensland wet season.
"We look forward to providing the more detailed update to shareholders with the release of the December 2022 Quarterly Activities Report before the end of January 2023.”
PFS due this month
Finally, Cooper will welcome the results from the Mt Lyell PFS this month.
“In addition, the results from New Century’s Mt Lyell Copper Mine pre-feasibility study are planned to be released before the end of January 2023, following a final review of the additional work completed in recent months.
"Delays to the PFS have resulted from identified opportunities being further explored prior to completion, to reaffirm the robustness of the positive results, and has allowed the commencement of some work that would otherwise be completed as part of the feasibility study.”