New Century Resources has announced 'stunning' high-grade assays from the first seven holes of a 30-hole drilling program at the Silver King deposit within its Century mining lease.
They include an intersection of 9.5m grading at 45.5 per cent lead, 4.1 per cent zinc and 425g/t silver from 174.4m.
New Century sees Silver King shaping up as a new mining operation for the site in the near. . .
You are unauthorized to view this page.
Logistics provider Centurion has won a multi-year contract worth about $25 million to provide logistics support for the Century mine in the lower Gulf region and its Karumba port facilities.
The services to be provided will include customs clearance, wharf collections of import commodities, warehousing, road transport, airfreight, and courier services.
Centurion said a dedicated road train fleet would be engaged with a mix of trailing equipment to cater for the safe and efficient transportation of bulk reagents, general freight and grinding media, all of which is required for the daily operations of the mine and port facility.
The. . .
You are unauthorized to view this page.
At Century Mine, in the state’s North West Minerals Province, New Century Resources seeks to unravel the events relating to a meteorite impact some 470 million years ago.
The Millennium Project commenced in 2018 following recognition that the Century deposit had collapsed and was in fact buried beneath younger sediments within the Lawn Hill meteorite impact crater.
Since conception, the project has involved deep-seeing geophysics to map the crater floor coupled with deep diamond drilling, supported by the Queensland Government’s Collaborative Exploration Initiative, to test and define the crater architecture.
"To date the team has. . .
You are unauthorized to view this page.
New Century Resources has achieved a 22 per cent increase in zinc metal production at the Century operation in the June quarter, reaching about 34,500 tonnes.
Along with an estimated 17 per cent decrease in direct costs, it has seen the company declare commercial production at the North West Queensland operation.
During the quarter, the company has also completed the successful transition from contractor services to full owner-operator in its hydraulic mining and processing plant operations.“Despite the COVID-19 pandemic, operations at Century continue to ramp up and have again delivered record production in the June quarter. . .
You are unauthorized to view this page.
Century mine operator New Century Resources has revealed a new game plan centred on the purchase of the world-class Goro nickel and cobalt mine.
The company today announced that it had entered a 60-day exclusivity period with Vale to carry out due diligence on Goro and negotiate acquisition of 95 per cent of the shares in Vale Nouvelle Calédonie.
New Century says the successful acquisition of the Goro operation wouldresult in it becoming a major supplier of nickel and non-DRC (Democratic Republic of the Congo) sourced cobalt for the electric vehicle industry.
The move on the New. . .
You are unauthorized to view this page.
Perth-based mining company IGO Limited is investing up to $27 million to take an 18.4 per cent stake in Century zinc mine owner New Century Resources.
It is part of a $51.1 million capital raising by New Century, which will use the funds as general working capital as it enters the final stages of a ramp-up taking Century operations to 12Mtpa.
New Century said today the two companies were also entering a strategic relationship which would allow the collaborative assessment of opportunities within the Century tenements or other mining assets.
“This fully underwritten capital raising provides. . .
You are unauthorized to view this page.
New Century Resources is successfully ramping up production at its Century tailings retreatment site at a time when a host of other zinc mines have had operations halted or interrupted.
The company says its operations are well positioned to maintain continuity of supply into a rapidly tightening market due to severe supply cuts andstrong concentrate demand from China.
A quarterly presentation released yesterday showed record monthly performance in March of 11,400 tonnes of metal produced at the Lower Gulf mine site at C1 costs of US$0.82/lb following the most recent plant upgrades.
The company said all. . .
You are unauthorized to view this page.
New Century Resources has completed a key processing plant upgrade ahead of schedule and will ramp up its throughput from 9Mtpa to 12Mtpa over the next few months.
In addition to the rougher circuit upgrade, the company is bringing a fourth mining cannon online as part of the expansion at the Century zinc operation in North West Queensland.
New Century says hydraulic mining operations at Century have achieved significant improvements since its own personnel took over mining operations from contractors in October.
Each cannon was now achieving up to a 33 per cent higher mining rate than previous operational output. . .
You are unauthorized to view this page.
New Century Resources is continuing its march towards becoming a Top 10 global producer, with a seven per cent lift in zinc production last quarter.
Focus for the latter part of 2019 was on commissioning and stabilisation of the upgraded scavenger circuit within the processing plant at the company's Century zinc operation in the lower Gulf region.
The upgrade work was completed in late October, with the slurry commissioning process taking about six weeks before stability of operations resumed.
The December 2019 quarter average mining rate was 8.3Mtpa, with progressive ramp up during the quarter for a current. . .
You are unauthorized to view this page.
Zinc miner New Century Resources has divested its interest in the Lawn Hill and Riversleigh Pastoral Holding Company for $9.8 million.
The miner's 49 per cent stake is being acquired by the Waanyi SPC, current holders of the controlling 51 per cent interest in the business and corporate representative of the Waanyi People.
New Century will keep access rights to the pastoral properties for the purpose of exploration.
“It has been a long-held ambition of the Waanyi People to achieve full ownership of the Lawn Hill and Riversleigh Pastoral Holding Company, whose properties are of significant cultural. . .
You are unauthorized to view this page.
New Century Resources has taken another major step in boosting processing capacity, bringing an upgraded scavenger circuit online.
The company said it had started slurry commissioning of the circuit, allowing the full capacity of this section of the processing plant to be incorporated into operations for the first time.
The scavenger circuit upgrade was delivered on budget and three weeks ahead of schedule, with the achievement representing the second milestone of the scheduled ramp-up to 12Mtpa at the Century operation, the company said.
The third and final major step, upgrading the rougher circuit, remains on track for completion in. . .
You are unauthorized to view this page.
New Century Resources has recorded a 28 per cent increase in zinc metal output during the September quarter as it continues the ramp-up at Century mine.
It produced 26,171 tonnes of zinc metal in 53,500 tonnes of concentrate for the quarter through the lower Gulf region tailings reprocessing operation.
Its main focus has been upgrading the cleaner circuit within the processing plant, removing bottlenecks for continued recovery improvement and increasing metal production.
New Century said the upgrade was delivered on schedule and budget in mid-August, providing a step-change improvement in operational performance for the second. . .
You are unauthorized to view this page.
New Century Resources is hitting new highs in zinc production, lifting average daily metal production rates at Century mine by more than 30 per cent from May through August 2019. . .
You are unauthorized to view this page.
The Palaszczuk Government will supercharge the ramp up of the $150 million Century Zinc Mine, supporting more than 260 construction and 240 operational roles, after negotiating a royalty deferral agreement with miner New Century Resources.
This is the first Royalty Deferral and Repayment Agreementto be negotiated under the Resources Regional Development Framework (RRDF) and will provide a precedent for similar arrangements in the future.
Premier Annastacia Palaszczuk said the royalty agreement was an important step in her government’s commitment to open up the North West Minerals Province.
“We know the North West Minerals Province is rich in minerals like. . .
You are unauthorized to view this page.
New Century Resources is running slurry through cleaners 2B, 3B and 4B at its processing plant as it ramps up to become a 12Mtpa operation.
Commissioning the units will allow the full cleaner circuit of the Century zinc mine processing plant to be incorporated into New Century's tailings reprocessing operations for the first time.
The company recently completed a $42.5 million capital raising to fund plans to double plant capacity at the Century zinc mine.
It is targeting ramp-up to a 12Mtpa mining rate in FY20, bring on additional plant capacity and a fourth mining cannon.
New. . .
You are unauthorized to view this page.
New Century Resources continues to make headway towards becoming a world Top 10 ten zinc producer despite headwinds.
The company is processing tailings at the Gulf of Carpentaria site produced by Century Mine.
The mine was owned by Pasminco, MMG, Oz Minerals and Zinifex over its 16-year life, where it produced an average 475,000tpa zinc concentrates and 50,000tpa lead concentrates.
New Century Resources has been producing for 12 months and already has plans to double capacity after completing a capital raising, as . . .
You are unauthorized to view this page.