AFX News Ltd. London : Financial News Products: "SYDNEY (XFN-ASIA) - Oxiana Ltd said its Prominent Hill project in South Australia remains on track to become Australia's next major copper/gold mine with final approvals for its development expected in August.
The company, which mines gold and base metals in Western Australia and Laos, said a bankable feasibility study is expected to be completed by the end of July.
Oxiana said Prominent Hill continues to display competitive fundamentals and attractive metallurgical characteristics.
'Prominent Hill's robust fundamentals ensure that its costs will be competitive after allowing for current trends in capital and operating costs across the industry,' Oxiana said.
It said there is significant upside in and around the long-life orebody as the deposit remains open to the west, east and at depth.
Using a 0.3 pct copper cut-off grade, Oxiana said the total resource is now estimated at 118.7 mln metric tons containing 1.543 mln tons of copper and 1.870 ounces of gold. SYDNEY (XFN-ASIA) - Oxiana Ltd said its Prominent Hill project in South Australia remains on track to become Australia's next major copper/gold mine with final approvals for its development expected in August.
The company, which mines gold and base metals in Western Australia and Laos, said a bankable feasibility study is expected to be completed by the end of July.
Oxiana said Prominent Hill continues to display competitive fundamentals and attractive metallurgical characteristics.
'Prominent Hill's robust fundamentals ensure that its costs will be competitive after allowing for current trends in capital and operating costs across the industry,' Oxiana said.
It said there is significant upside in and around the long-li"
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