Finders Resources provides Wetar expansion project commissioning update

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Wetar processing staff with the LME Grade A copper cathode stripped from the 25,000 t.p.a. SX-EW plant Image credit: Flinders Resources ASX release

Finders Resources announced that over 300 tonnes of LME Grade A copper cathode has now been stripped from the recently commissioned 25,000 tonne per annum (t.p.a) copper cathode solvent extraction electrowinning (SX-EW) plant.

Wetar processing staff with the LME Grade A copper cathode stripped from the 25,000 t.p.a. SX-EW plant Image credit: Flinders Resources ASX release
Wetar processing staff with the LME Grade A copper cathode stripped from the 25,000 t.p.a. SX-EW plant
Image credit: Finders Resources ASX release

According to the company, the rate of copper cathode striping is continuing to increase as production levels from the SX-EW plant ramps up.

Managing Director Barry Cahill said the existing 3,000 t.p.a. copper cathode SX-EW plant continued to perform at capacity during June bringing the combined site total to approximately 550 tonnes of copper cathode.

“Copper cathode production continues to increase at Wetar following commissioning of our new 25,000 t.p.a.,” Mr Cahill said.

Adertisement

“SX-EW plant and further increases are expected in Jul as our project staff focus on ramping up production. We look forward to providing further progress updates in the coming weeks.”

The Wetar Copper Project comprises the development, open pit mining and processing of the high-grade sulphide deposits at Kali Kuning and Lerokis located within 3 kilometres of the coast on Wetar Island, Indonesia.

To date, the SX-EW plant has produced over 6,000 tonnes of LME Grade A copper cathode, all of which was sold at a premium to the LME price and without specification issues.