New Century Resources Ltd (ASX:NCZ) has resumed normal operations at the Century Zinc Mine in Northwest Queensland, following the prompt and complete repair of the ball mill motor.
The company’s operations have now ramped back up after the ball mill was returned to service on February 21, 2022.
New Century has reconfirmed its production guidance for the 2022 financial year of 110,000 tonnes to 130,000 tonnes of zinc metal at C1 costs of US$0.85 per pound to US$0.95/ per pound on a payable metal basis.
Operational update
The ball mill motor was impacted by severe weather in January 2022, with the company continuing operations on-site with the ball mill in bypass for this period.
Subsequently, the damaged motor was repaired off-site and has now been returned to operation.
The company’s spare rotable motor continues to undergo its scheduled refurbishment works and is expected back on site in late March or early April.
In addition, a new custom-built, contemporary designed motor is on order and will become the duty unit upon arrival at the Century Mine later this year, ensuring the availability of multiple critical spares and greater long-term reliability from this area of the processing plant infrastructure.
About the company
New Century is a tailings management and economic rehabilitation company focused on sustainably producing metal from resource assets while rehabilitating legacy impacts to the environment.
The company is establishing a client-focused tailings management division, through securing long-term tailings service contracts with existing mining operations.
New Century is a top-15 global zinc producer, operating Australia’s largest hydraulic mining operation at the Century Mine in Queensland; extracting, processing and marketing zinc recovered from historical tailings.