8 April 2008
ASX Announcement
ASX Announcement
PRODUCTION INCREASES SIGNIFICANTLY AT BLAIR NICKEL MINE, W.A.
Best performance achieved since June 2005 Quarter
Australian Mines (ASX: AUZ) has achieved its best quarterly production result since the June 2005 quarter at the 100%-owned Blair Mine, located 32 kms from Kalgoorlie in W.A.
Production for the March 2008 Quarter totalled 15,008 tonnes @ 2.84% for 426 contained Ni tonnes.
Commenting on the result, Chief Operating Officer Brett Young said, “The March 2008 Quarter is the third most productive from Blair since Australian Mines acquired the project in 2003, and the most productive since the June 2005 Quarter.
“With all our production being unhedged, we anticipate strong cash flows whilst Blair continues to perform.”
“With the increasing number of high grade stopes now in production the company is expecting production levels to be consistently at or above these levels as the Blair Deeps decline provides access to deeper ore,” Mr Young added.
The June 2008 Quarter production forecast is expected to exceed 450 contained nickel tonnes.
For further information contact:
Brett Young
Chief Operating Officer
Australian Mines Limited
Tel: 08 9481 5811
For media enquiries contact:
Robert Williams
Farrington National
Tel: 02 9332 4448
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