SYDNEY (Yosefardi) – Finders Resources Ltd produced 494 tons of copper cathode in the quarter ended December 2015 from Wetar Copper Project, Wetar island.
Sales were 280 tons at an average price of US$2.08/lb. Earthworks construction continues to perform in line with expectations. Power station is ready for commissioning.
Wetar’s first copper cathode production from 25,000 tpa SX-EW plant is expected early second quarter of 2016.
Finders also is currently evaluating options for the Ojolali Project and a number of parties have expressed an interest in the project.
Ojolali Project is an advanced gold-silver resource project within the highly productive Sumatran Gold Belt.