Centamin Egypt Limited Progress Update
May 26 2010 - 6:00AM
Marketwired
Centamin Egypt Limited ("Centamin" or "the Company") (TSX:
CEE)(LSE: CEY) is pleased to provide a brief update on progress at
the Sukari Gold Project in Egypt.
Stage 2
Sulphide float and regrind circuit commissioning activities were
completed during April with no major issues being encountered in
ramping up to full production rates. First sulphide ore was fed
into the Stage 2 circuit during late April and gold was produced
from Stage 2 after only 8 days. Concentrate regrind, reagent usage
rates, throughput and recoveries are all performing in line with
design expectations.
Stage 3 Expansion
Design and engineering activities are well underway with orders
placed for two Sandvik Hydrocone CH870 C secondary crushers and two
Joest double deck multislope secondary screens. Multiple tenders
have also been issued for further ancillary equipment. The Stage 3
expansion is targeting an increase plant throughput to 5Mtpa and
remains scheduled for completion mid 2011.
Stage 4 Expansion
A scoping study is underway to determine the optimum process
flow route for a plant expansion up to 10Mtpa. Initial test work
has indicated a number of crushing and grinding alternatives exist
to achieve this outcome. Upon completion of the study, in the
second half of 2010, detailed design, costing and engineering, and
ordering of long lead time items will commence. Stage 4 completion
is targeted to occur in 2012.
The Company remains on track to produce 200,000 ounces of gold
in 2010.
For Centamin Egypt Limited
Josef El-Raghy, Chairman
26 May 2010
ABN 86 007 700 352
Contacts: Centamin Egypt Limited Josef El-Raghy + 203 5411 259
or + 61 8 9316 2640 www.centamin.com Buchanan Communications
Limited Bobby Morse + 44 (0) 207 466 5000 Buchanan Communications
Limited Katharine Sutton + 44 (0) 207 466 5000
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