ASX Announcement
15 July 2015
Tembang Gold-Silver Project
Development Update
Sumatra Copper & Gold plc ("the Company") is pleased to announce that portal access for the planned decline has been reached at the flagship Belinau underground mine at the Company's
100%-owned Tembang Gold-Silver Project located in Sumatra, Indonesia ("Tembang" or "the Project"). Ground support preparations are now underway with decline development on schedule to commence at the beginning of August 2015.
There is temporarily no road access to the Project due to an illegal action approximately 6km from the mine-site by a small group of artisanal miners. Clearance of the obstruction is being managed by the police. The local community, which currently comprises 160 of the Tembang Project workforce, remain very supportive of the Company. Construction of the carbon-in-leach ("CIL") process plant and infrastructure has not been significantly impacted and the schedule remains on track for first gold pour during the fourth quarter of 2015.
Key points
Operations
• Dewatering of the Belinau open pit continues with ramp access completed to the underground portal location.
• The Jumbo drill for underground development has arrived on site and will commence installation of ground support above the portal location in anticipation of decline development expected to commence at the beginning of August 2015.
• Both underground loaders have arrived on site with contractor equipment maintenance teams planned to arrive during the current month.
• Open pit mining has commenced at the Berenai deposit.
• Completion of the temporary tailings storage facility has been completed ahead of schedule.
• Mining workshop construction is complete with the mining office nearing completion.
• A total of 160 artisanal miners and local land owners have been inducted into the Company's Pre- Employment Training Program (PETP) with all PETP recruits already deployed into operations. Sterilisation of illegal mining activities within the Belinau mine area is complete.
• Road access to the mine site has been temporarily blocked by a small group of artisanal miners, approximately 6km from the mine-site. This action follows the arrest by police of three individuals on Company property for alleged extortion. The majority of the community from which the Project draws its workforce remain very supportive of the Company. Clearance of the illegal actions is being managed by police and is not expected to significantly impact the Project development schedule.
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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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CIL Plant
• All concrete works have been completed.
• Steel fabrication and installation is complete.
• Mechanical installation of equipment is 95% complete.
• SAG mill girth gear installation and drive train alignment is complete and the mill liners have been installed.
• Electrical and instrumentation installation is 70% complete.
• Piping installation is 30% complete.
• Energising and testing of the crushing circuit is planned for early August 2015.
Infrastructure
• Power station equipment has been installed on site with the power station on track to be operational by early August 2015.
• Laboratory construction is complete.
• Plant workshop and warehouse are complete.
Figure 1. Belinau pit dewatering with portal access works in the background
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Figure 2. Construction of the temporary tailings storage facility (now complete)
Figure 3. Power station at the CIL plant
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Figure 4. Fuel storage area at the CIL plant
Figure 5. CIL plant with edge of ROM pad in the foreground
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Figure 6. Jumbo underground drill on site with operations team
Figure 7. Board and management team with new underground loaders during week of 7 - 9 July 2015
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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 an emerging gold and silver producer and the pre-eminent precious metals explorer in southern Sumatra, Indonesia. The Company has a significant project portfolio encompassing projects ranging from greenfield exploration projects to brownfield, near-production opportunities.
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