Progress Update
26 Mayo 2010 - 1:00AM
UK Regulatory
TIDMCEY
RNS Number : 5501M
Centamin Egypt Limited
26 May 2010
Centamin Egypt Limited ("Centamin" or "the Company")
(LSE:CEY, TSX:CEE)
PROGRESS UPDATE
Centamin Egypt Limited 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
For more information please contact:
+------------------------------------+------------------------------------+
| Centamin Egypt Limited | Buchanan Communications Limited |
| + 203 5411 259 or + 61 8 9316 | + 44 (0) 207 466 5000 |
| 2640 | Bobby Morse |
| Josef El-Raghy | Katharine Sutton |
| www.centamin.com | |
+------------------------------------+------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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