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New Century Resources on track to ship first zinc concentrate

The Century Zinc Mine was officially reopened last Friday.
New Century Port Manager Greg O’Shea with the first stockpiled zinc concentrate at Karumba
Zinc concentrate is being stockpiled at the 80,000 tonne capacity storage shed

New Century Resources Ltd (ASX:NCZ) remains on track to make its first shipment of zinc concentrate in the December quarter from its Century Zinc Mine near Mt Isa, Queensland.

The stockpiling of concentrate represents the first utilisation of the Karumba Port Facility for zinc production since the Century Zinc Mine was put on care and maintenance in early 2016.

The successful dewatering, filtering and stockpiling of saleable concentrate at Karumba also allows the company to receive revenue from sales of concentrate in the September quarter of 2018.

The company recently restarted the Century Zinc Mine

New Century’s port manager Greg O’Shea said: “The successful refurbishment and restart of activities at New Century’s port facility is a great achievement for the company and an exciting development for the town of Karumba.

“The first stockpiling of concentrate is another important milestone for the company and the port operations team is excited to restart export shipments in the near future.”

Mine officially opened last week

The official reopening of the Century Mine occurred on Friday the 14th of September.

The opening was attended by guests from state and federal government, the investment community and the media.

They included Federal Minister for Resources and Northern Australia, Senator the Honourable Matt Canavan, along with the Honourable Bob Katter MP and Robbie Katter MP.

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