Mr. Brad Marwood reports
KIPOI COPPER PROJECT - PRODUCTION UPDATE
Tiger Resources Ltd. has released
a production update from its high-grade Kipoi copper project in the
Democratic Republic of Congo (DRC).
Tiger's first stage of production, which utilizes a heavy media
separation (HMS) plant, is tracking well to reach its targeted
throughput level of 75,000 tonnes per month.
MONTHLY PRODUCTION SUMMARY JUNE, 2011
Production statistics Forecast Actual
Mining
Ore* tonnes 104,300 107,800
Stockpiles
High-grade copper* tonnes 75,000 197,000
High-grade copper* grade 6.45 6.95
Processing
Ore-processed* tonnes 37,500 44,557
Ore-processed grade (% Cu) 6.45 5.37
Concentrate* tonnes 5,511 7,053
Recovery* (% Cu) 55 63
Copper in concentrate-produced tonnes 1,470 1,345
Sales
Copper concentrate sold tonnes 5,850 4,496
Notes
* Indicates out-performed target for the month.
Tiger Resources managing director Brad Marwood said plant capability had
now been proven.
"Throughput of ore feed is in excess of the nameplate design capacity,
2,500 tonnes per day, and production is at expected recovery levels,"
Mr. Marwood said.
"We are very pleased to have regular daily sales of concentrate, more
than a month of ore stockpiled and available for processing, and the
plant operating and producing at expected levels.
It is particularly satisfying that we have not had one serious accident
since the commencement of development."
Background
The Kipoi project covers an area of 55 square kilometres and is located 75 kilometres
north-northwest of the city of Lubumbashi in the Katanga province of
the DRC. The project contains a 12-kilometre sequence of mineralized Roan
sediments that host at least five known deposits: Kipoi Central, Kipoi
North, Kileba, Judeira and Kaminafitwe.
The company has reported Joint Ore Reserves Committee-standard resources at three of the
deposits. The principal deposit is Kipoi Central, which contains a zone
of high-grade copper mineralization within a much larger lower-grade
global resource.
The company proposes a staged development at the Kipoi project. The high-grade zone of mineralization at Kipoi Central will be exploited during
the stage 1 development. During the three-year operation of stage 1
900,000 tonnes per annum of 7 per cent copper is planned to be processed through an HMS plant to
produce the equivalent of 35,000 tonnes per annum of copper.
The company is currently undertaking a feasibility study to evaluate the
economic viability of constructing a solvent extraction/electrowinning plant (stage 2) targeted to
come on stream within three years of the start of the HMS operation. It
is envisaged that ore from Kipoi Central, Kipoi North and Kileba South
and the other deposits within the Kipoi project and within the nearby
Lupoto project would be processed at the stage 2 phase.
We seek Safe Harbor.
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