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Frontier Mining restarts operations at Koskuduk early due to good weather

Frontier Mining restarts operations at Koskuduk early due to good weather

Kazakhstan-focused copper and gold explorer and developer Frontier Mining Ltd (LON:FML) said it has restarted mining and crushing operations at its Koskuduk gold deposit for 2011. 

Koskuduk mining operations close down at the end of November for the winter period and restart in early May each year. This year the mine has reopened a week early as a result of good weather.

The first gold pour has been achieved from previously stacked ore and consisted of 286 ounces of gold and 1,260 ounces of silver.

Chief operating officer Adil Tastanov said: “I am pleased to announce we have restarted operations at Koskuduk ahead of schedule. The target for this year is 6,000 ounces of gold with silver equivalents and we are on track to achieve this."

Earlier this month, Frontier completed the acquisition of Coville Intercorp and its 50 percent interest in its flagship Benkala copper project in Kazakhstan, after receiving  written and final approval from both the ministry of industry and trade of Kazakhstan and the inter-ministerial committee for the deal.

Benkala is one of Frontier’s most advanced projects in Kazakhstan. In February it unveiled a new JORC resource upgrade for the project, which now has a total JORC resource of 1.56 million tonnes of contained copper, with 183,000 tonnes from oxide ore and 1.37 million tonnes from sulphide ore.

Frontier also owns the Maminskoye gold deposit in the southern Ural region of Russia currently under exploration.

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Frontier Mining Timeline

Newswire
January 23 2015

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