KZL 0.00% 12.0¢ kagara ltd

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  1. 708 Posts.
    kagara-eddievanhalen Hi Eddievanhalen,
    you might be interested in this:

    Kagara prepares for resource upgrades
    Rebecca Keenan
    02 December 2002

    KAGARA Zinc told shareholders at its annual general meeting on Friday to expect a significant resource upgrade announcement within the next few days at its Dry River South deposit, and within a month at the Balcooma deposit.

    Resources at Dry River South, located at Kagara's wholly owned Balcooma project, were boosted earlier this year to 760,000 tonnes grading 11.9% zinc, and the deposit is now expected to generate a similar cashflow to the Surveyor deposit, which is also part of the Balcooma project.

    The exploration success has prompted Kagara to bring forward the timetable to become a top 10 zinc producer to three years from five years.

    This success, coupled with the company's recent acquisition of Red Dome, will allow it to decide at the end of next year whether to double capacity of the Mt Garnet treatment facility to 150,000tpa.

    Construction of the Mt Garner plant is more than 70% complete and will be finished in February. Ore is currently being stockpiled at Mt Garnet in preparation for the commissioning of the facility.

    Drilling is continuing at the Balcooma deposit.
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