CuDeco Limited

Published : May 16th, 2016

Rocklands Commissioning Update

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Rocklands Commissioning Update

0a53b6ad-9364-4767-8dfb-ac0117d87cad.pdf

ACN. 000 317 251 (ASX:CDU)

MARKET RELEASE 16th May 2016

ROCKLANDS GROUP COPPER PROJECT - 100% OWNED BY CUDECO

COMMISSIONING STATUS UPDATE

CuDeco Limited (CuDeco) provides the following market update on commissioning activities at the Company's flagship Rocklands Group Copper Project in Cloncurry, NW Queensland.

The CuDeco Board will hold its next scheduled meeting at Rocklands this week, taking the opportunity to view first-hand, current progress at Rocklands.

Commissioning activity is currently focused on copper production only, incorporating the jigs (coarse native copper), gravity (fine native copper) and flotation (sulphide copper) circuits, with ore feed planned at the latest Monday 30th May. Whilst this is four weeks after our target date, it will result in being behind in only two weeks of planned production due to changes in ramp-up rates. First shipment of product is still expected prior to the end of June, with first receipts thereafter according to the terms of the offtake agreement.

Once the copper circuits reach steady-state, the pyrite/cobalt and DMS magnetite circuits will be commissioned and these streams also brought online. Copper Installation construction verification (C0) is effectively complete, dry commissioning (C1) is nearing completion and the status of wet commissioning (C2) is detailed in table1 below.

Table 1: Status Report (C2) Monday 16th May 2016:

COMMISSIONING AREA

PCM DESCRIPTION

% Complete

C2 Certificate Status

Ore Ready

FINE ORE STOCKPILE AND RECLAIM

Stockpile

90%

No water commissioning required. Some additional civils work almost complete.

Reclaim

95%

A few instruments to be adjusted otherwise ready to run ore.

CRUSHING CIRCUIT

95%

Cone crusher installation complete, screen and sizing optimisation awaiting first ore feed

GRINDING CIRCUIT

HPGR Feed System

40%

Weightometer to be calibrated, but will not prevent ore feed.

HPGR

15%

Dust collection system complete. I/O checks started. PLC software received from Polysius, awaiting vendor engineer arrival.

Scrubber (Deagglomerator)

67%

Scrubber is running and about to undergo water commissioning.

Grinding

36%

Cyclone Feed Pumps are ready to run on water. Ball Mill I/O checks are well under way and live commissioning to commence early this week.

GRAVITY

Classifying

79%

Trippers are almost complete but the rest of the system is ready to take ore.

Fine Jigging

95%

A few instruments to adjust and wedges to be installed on screens, otherwise ready for ore

Intermediate Jigging

95%

A few instruments to adjust and wedges to be installed on screens, otherwise ready for ore

Coarse Jigging

95%

A few instruments to adjust and wedges to be installed on screens, otherwise ready for ore

Primary Spirals

80%

Some instrumentation commissioning outstanding on cyclone packs otherwise ready for ore

Secondary Spirals

95%

Minor adjustment otherwise ready for ore

Unit 33, Brickworks Annex,19 Brolga Avenue, SOUTHPORT 4215

Phone: +617 5503 1955 Facsimile: +617 5503 0288 Email: adm in@ cud e co.com .au

COMMISSIONING AREA

PCM DESCRIPTION

% Complete

C2 Certificate Status

Ore Ready

Primary Tables

85%

Minor adjustment otherwise ready for ore

Secondary Tables

90%

Minor adjustment otherwise ready for ore

Gravity Thickener

94%

Minor adjustment otherwise ready for ore

FLOTATION

Copper Flotation Regrinding

95%

A few instruments to fix then ready for ore

Copper and Pyrite Flotation

95%

1 drive & paperwork outstanding

Magnetic Separation

95%

all drives for Cu complete - paperwork outstanding

TAILINGS

Tailings Thickener

88%

A few instruments to fix. Thickener recirculation line to be re-routed prior to ore

CONCENTRATE DEWATERING & STORAGE

Belt Filters - Fine Native Copper

38%

Filter cloths to be installed and belt to be tracked

Coarse Native Copper

50%

Currently replacing conveyor 16 belt section; once complete it is ready to receive ore

Copper Concentrate Thickener

86%

A few instruments to fix. Thickener recirculation line to be re-routed prior to ore

Copper Concentrate Dewatering & Storage

67%

Filter press vendor is on site and currently undergoing water commissioning on the filter press system; once complete, ready for ore.

REAGENTS

Activator (NaHS)

95%

Ready to mix reagents

Frother (MIBC)

10%

Awaiting pumping system to be installed. An alternate system in place for ore commissioning

Promoter (A3894)

95%

Ready to mix reagents

Spare Reagent

95%

Ready to mix reagents

Hydrated Lime Mixing & Distribution

80%

Almost ready to mix reagents

Cu & Pyrite Conc. Flocculant

95%

Minor instrument recalibrations then ready for mixing reagents

Gravity & Tailings Flocculant

67%

Water commissioning in progress

Coagulant

20%

Water commissioning is currently underway

WATER SERVICES

Raw Water

95%

Minor instrument recalibrations then ready for mixing reagents

Gland Water

95%

Minor instrument recalibrations then ready for mixing reagents

Process Water

50%

Process water system is operational. Other pumps are ready for commissioning

Cooling Water

95%

A few instruments to adjust and water softener is not yet cabled, otherwise the system is fully operational.

AIR SERVICES

Instrument Air

95%

Minor adjustment otherwise ready for ore

Plant Air

90%

Minor adjustment otherwise ready for ore

Blower Air

33%

Undergoing commissioning currently

POWER STATION

Diesel Fuel Farm

100%

Fuel farm is operational

Power Station

95%

Supplying power to whole of process. Full load testing to be completed.

For and on behalf of the Board.

- ends -

Page 2

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Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All

CuDeco Limited

EXPLORATION STAGE
CODE : CDU.AX
ISIN : AU000000CDU1
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Contact Cpy

CuDeco is a copper producing company based in Australia.

CuDeco holds various exploration projects in Australia.

Its main exploration properties are LAS MINERALE and ROCKLANDS in Australia.

CuDeco is listed in Australia. Its market capitalisation is AU$ 90.7 millions as of today (US$ 62.0 millions, € 55.9 millions).

Its stock quote reached its highest recent level on August 13, 2010 at AU$ 4.38, and its lowest recent point on February 09, 2018 at AU$ 0.20.

CuDeco has 394 280 000 shares outstanding.

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Corporate news of CuDeco Limited
8/2/2016Update on Concentrate Production
7/29/2016Shipment of Native Copper
7/11/2016Update on Commissioning
6/30/2016Update on Commissioning
6/21/2016CuDECO Welcomes Resources Minister
6/21/2016Terms Sheet Sign for Offtake
6/2/2016Letter to Shareholders from Managing Director
6/1/2016Update on Commissioning of Plant
5/30/2016Update on Rights Issue
5/26/2016Terms of Employment for Managing Director
5/24/2016Rights Issue Update and Appendix 3B
5/20/2016Management Changes
5/16/2016Rocklands Commissioning Update
5/13/2016CuDECO Research Report
5/11/2016Rights Issue Update
5/11/2016Market Update
5/6/2016Update Rights Issue and Website
5/5/2016Updated Timetable for Rights Issue
5/5/2016Rights Issue
5/5/2016Prospectus for Rights Issue
5/5/2016High Voltage Energisation of Process Plant Commences
1/30/201629/01/2016: Appointment of Non-Executive Chairman
1/30/201620/01/2016: Resignation of Director and Final Interest Notic...
12/26/201521/12/2015: Letter Sent to Option Holders
12/18/201517/12/2015: Update on Rights Issue
12/15/201515/12/2015: Director Appointment
12/14/201514/12/2015: Chairman's Address to AGM
12/14/201514/12/2015: Results of Meeting
12/14/201509/12/2015: Revised Rights Issue Timetable
12/14/201511/12/2015: Maiden Ore Reserve Estimate
11/30/201530/11/2015: Update on Annual General Meeting
11/30/201530/11/2015: Investor Presentation for Rights Issue
11/25/201525/11/2015: Non-Renounceable Revised Rights Issue
11/25/201525/11/2015: Initial Substantial Shareholder Notice
11/20/201520/11/2015: 2015 Annual Report
11/19/201518/11/2015: 2015 Financial Statement
11/2/201502/11/2015: Logistics Update
11/2/201502/11/2015: September Quarterly Activity Report
11/2/201502/11/2015: Update on AGM and Annual Report
10/29/201529/10/2015: Funding Update
10/1/201501/10/2015: Rights Issue Correction
10/1/201501/10/2015: Update on Financial Statement to 30 June
9/18/201518/09/2015: Director Resignation
9/17/201518/09/2015: Native Cu Processing and Company Funding
9/17/201517/09/2015: Rights Issue
9/14/201508/09/2015: Appointment of Alternate Director
9/14/201504/09/2015: Update on Voluntary Suspension
8/21/201520/08/2015: Update on Voluntary Suspension
8/3/201531/07/2015: June Quarterly Activity Report
7/30/201530/07/2015: Rocklands Project Moving Forward
7/28/201528/07/2015: Company Update
7/28/201524/07/2015: Update on Funding
7/28/201524/07/2015: Update on Changes to Board of Directors
7/23/201523/07/2015: Rocklands Copper Metal Casting Plant Commissione...
6/30/201530/06/2015: Results of EGM
6/29/201529/06/2015: Rocklands Pictorial Update
6/26/201526/06/2015: Increase in Copper Grade During Mining
6/25/201525/06/2015: Native Copper Supply Agreement
6/12/201512/06/2015: Focus Sun FIRB Approval
3/23/201523/03/2015: Market Update on Progress at Rocklands
3/17/201502/03/2015: Half Yearly Report & Accounts
3/2/201502/03/2015: Company Update
1/5/201505/01/2015: Hong Kong Dual Listing
12/22/201422/12/2014: Capital Raisings & MOU
12/4/201404/12/2014: Assays for Bulk Ore Processing Trial
12/3/201403/12/2014: Binding MOU with Sinosteel
11/28/201428/11/2014: Native Copper Shipment
10/23/201423/10/2014: Response to AFR Article
10/17/201417/10/2014: Crusher rectification and first ore shipment
3/18/201418/03/2014: Rockland's Copper Project Update
3/17/201415/03/2014: Half Year Accounts
2/25/201425/02/2014: Direct Shipping Ore Crushing Underway
2/17/201417/02/2014: Mining reaches upto 56% Cu in massive sulphides
2/3/201403/02/2014: Multi User Rail Load Facility update
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