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Cradle Arc PLC getting to grips with issues at Mowana

Kevin Van Wouw, Cradle Arc Plc’s (LON:CRA) chief executive, believes the miner is now on top of the processing issues that hit copper production at the Mowana mine in Botswana.

The junior ran at a loss in July and August but Van Wouw says sustainable ore supplies are now coming through with the quality and level of recoveries both improving.

As recoveries improve the financial performance will pick up, he says and by the fourth quarter copper production should be back up at 3,000 tonnes of metal with a 70% recovery rate.

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LSE:CRA
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Cradle Arc PLC renews two prospecting licences 'with significant potential'

Kevin van Wouw, chief executive of Cradle Arc Plc (LON:CRA) tells Proactive's Andrew Scott they've renewed prospecting licences for an area north of its Mowana copper mine in Botswana. He says two renewals have been granted by the Botswana Ministry of Minerals, Energy and Water Resources...

on 21/9/18

2 min read