STRAITS RESOURCES LIMITED 2 JULY 2015 ASX/MEDIA RELEASE
STRAITS RESOURCES LIMITED (ASX: SRQ)
TRITTON EXCEEDS GUIDANCE WITH RECORD ANNUAL COPPER PRODUCTION
Straits Resources Limited (Straits) is pleased to advise that its Tritton Operations in New South Wales has achieved record annual copper production of 30,245 tonnes in FY2015 (see graph 1 below) and has exceeded the previously upgraded guidance for FY2015 of 28,500 tonnes. Contained copper production for the fourth quarter was 6,977 tonnes.
Graph 1 - Tritton Operations Annual Production
Tritton Operations Annual Production (tonnes)
33,000
1,800,000
30,000
1,600,000
27,000
1,400,000
24,000
1,200,000
21,000
1,000,000
18,000
800,000
15,000
FY09 FY10 FY11 FY12 FY13 FY14 FY15
600,000
Contained Copper (LHS) Ore Milled (RHS)
Straits' Executive Chairman Andre Labuschagne said: "FY2015 has been another great year for the Tritton Operations with strong performances across all departments. I especially want to thank all of our employees for their continued support and dedication. As has previously been announced, we are working with Standard Chartered Bank (SCB) and a new investor to restructure the current debt and provide access to capital to support the next stage of development for the Tritton Operations. The support of SCB and the new investor is a strong vote of confidence in the future operational and exploration potential of the Tritton Operations. Our focus in the coming year is to continue the strong operational performance and commence the capital investment programme to extend the life of the Tritton Operations."
Andre Labuschagne
Executive Chairman
For further information, please contact:
Mr. Andre Labuschagne
Executive Chairman
Tel: +61 7 3034 6200, or visit our website at www.straits.com.au
Media: Annette Ellis Cannings Purple
Tel: +61 8 6314 6300 aellis@canningspurple.com.au
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