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ASX Announcement
29 September 2015
First Gold Pour at Tembang
Sumatra Copper & Gold plc ('the Company') is pleased to announce the first gold pour has been achieved at the Company's 100%-owned Tembang Gold Project located in southern Sumatra, Indonesia ('Tembang' or 'the Project').
Managing Director, David Fowler, commented; 'We have reached this significant milestone eight weeks ahead of schedule and only nine months after construction resumed at Tembang in December 2014. The handover from the Project's construction team to Operations has been successfully accomplished following the achievement of a steady state processing rate at 90% of nameplate capacity of 45 tonnes per hour over the past week.'
The first gold bar produced at Tembang
The maiden gold bar weighed in at 3,703.3 grams (119 ounces) comprising gold and silver recovered from the leach circuit. The gold was sourced predominantly from low grade ore feed as part of the commissioning process to test the crushing and CIL circuit. Plant commissioning, including the gravity circuit, will continue into October with higher grade run-of-mine ore starting to be fed to the plant as testing activities conclude.
Further to the ASX announcement of 16 September 2015, the Company's wholly owned subsidiary, PT Dwinad Nusa Sejahtera, has drawn down the second tranche of US$5 million from its senior secured debt facility ('the Facility'). The total US$45 million Facility has now been fully drawn down.
Directors
Steve Robinson
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Jocelyn Waller
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Contact
Level 1, 5 Ord Street
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Registered Address
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Non-Executive Chairman
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Non-Executive Director
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West Perth 6005
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39 Parkside, Cambridge
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Western Australia
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United Kingdom CB1 1PN
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David Fowler
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Gavin Caudle
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Managing Director
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Non-Executive Director
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T: +61 8 6298 6200
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Registered No. 5777015
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E: [email protected]
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Adi Sjoekri
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ASX Code: SUM
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Executive Director
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www.sumatracoppergold.com
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Maiden gold pour at Tembang
Tembang Operations team with first gold bar
For further information please contact:
David Fowler Phil Retter
Managing Director Investor Relations
Sumatra Copper & Gold plc NWR Communications
+61 8 6298 6200 M: +61 407 440 882
[email protected] [email protected]
About Sumatra Copper & Gold
Sumatra Copper & Gold plc (ASX: SUM) is a gold and silver producer and precious metals explorer in southern Sumatra, Indonesia. The Company's flagship asset is its Tembang gold/silver mine now in production. The Company also has an extensive exploration portfolio with projects ranging from brownfield, near-production opportunities to strategically located greenfield holdings.