AUZ 0.00% 0.9¢ australian mines limited

nickel production update – blair mine

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    __________________________________________________________________
    Level 1, 681 Murray Street, West Perth, Western Australia 6005
    Tel: 08-9481 5811 Fax: 08-9481 5611 Email: [email protected]
    14 December 2005
    Company Announcements Office
    Australian Stock Exchange Limited
    10th Floor
    20 Bond Street
    SYDNEY NSW 2000
    Dear Sir
    Nickel Production Update – Blair Mine
    Australian Mines Limited (ASX: AUZ) is pleased to announce that production from its Blair
    Nickel mine, located near Kalgoorlie, WA, for the December Quarter is in line with previous
    forecasts.
    The mine produced some 129 contained Ni tonnes in October and 153 contained Ni tonnes
    in November 2005. December forecast is anticipated to be similar to November production.
    Production from the Blair Deeps continues to outperform the Mining Reserves. The 470
    level (the lowest exposed ore drive) has exceeded our mining reserve calculations by 52%
    to date. This was mainly due to the EO3 ore body being favourably wider than anticipated
    and extending approximately 5 metres beyond the reserve envelope.
    Initial development on the next level (457 level) has exposed massive nickel ore with grades
    similar to the 470 level.
    With the nickel price strengthening, the Company is assessing the next levels of production
    going into 2006. The Company remains optimistic that mining to the 420 level can be
    conducted as planned, given the improved nickel market and positive ore reserve
    reconciliations.
    Yours faithfully
    Brett Young
    Chief Operating Officer
    AUSTRALIAN MINES LIMITED
 
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