Cash generation is expected to improve throughout the second half of this year, with the mine expected to produce at least 5,700 tonnes of contained copper during the period.
The ramp-up of mining activities at the Mine re-commenced in mid-April 2018 following the announcement of the company's accelerated mine development plan and US$10mln in new secured debt funding.
Full re-commissioning to steady state operations of the process plant is expected to be achieved by the end of the second quarter of this year.
"Our new development approach for the Mowana mine is now delivering the increased production planned as a result of the accelerated mine plan announced in April 2018,” said Kevin van Wouw, chief executive of Cradle Arc.
"Although it is still relatively early in the ramp-up stage of operations under the company's revised mine plan, I am delighted that the key performance criteria set by the board are currently being met and backed-up by actual operational data. This is an opportune time to be bringing on additional production to the copper market - positioning the company to take advantage of currently tight global supply conditions."
In early afternoon trading, Cradle Arc shares were 8.7% higher at 6.25p.
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