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AUSTRALIAN MINING INVESTMENTS LIMITED
ACN 000 317 251
QUARTERLY REPORT
FOR THE PERIOD ENDED
31 DECEMBER 2003
Mt Norma
Two new leach vats were completed on time and on budget to compliment the already
completed two existing leach vats. The new vats were increased in size during construction
to contain a total of 47,000 tonnes of copper oxide ore, an increase of 27,000 tonnes from the
original 20,000 tonnes. The total of ore being leached at any one time will be 67,000 tonnes.
The Company purchased the entire conventional SX plant from the Young Australian Copper
Mine and is currently completing the installation at the Mt Norma Copper Sulphate Project.
The new plant was purchased to demonstrate the AUM SX Column Plant as a secondary
plant to recover low grade copper from solution on major copper producers. Electrical
installation will be completed as soon as the rain ceases.
The new plant will run simultaneously with the AUM SX Column Plant and will add
significant production for 2004. A centrifuge was integrated into the treatment circuit to
replace the vacuum drum filters to increase recovery of the crystals.
The new Mine Plan for the mining of Mt Norma orebody was completed by Tennant
Isokangas Engineers and has been lodged with the Queensland Department of Mines and
Energy with mining due to commence in early February to supply feedstock for the new
leach vats.
A total of 22” of rain was recorded at Mt Norma during January, which has prevented any
further works during January.
Corporate
The Company issued 10,825,000 shares in October at an issue price of 4 cents per share to
raise $433,000.
The Company issued 22,922,179 shares, together with 22,922,179 attaching options, in
December at an issue price of 4 cents per share to raise $916,887 pursuant to a one for three
non-renounceable rights issue to shareholders.
For further information in respect of the Company and its projects, please contact Wayne
McCrae on 07 5503 1955.
Yours faithfully
Wayne McCrae
Director