The Concentration Plant performed in line with management's expectations of the quarter. Until concentrate stocks run down, the Plant will continue to operate on a campaign basis, synchronised to demand from the LAMP.
During the quarter, the Company continued discussions with regulators and vendors for the planned expansion of the tailings storage facility at Mt Weld. Since the end of the quarter, Department of Mines & Petroleum approval has been granted. Discussions continue with the Department of Environment Regulation.
At the end of June 2014, 10,828 dry tonnes of concentrate containing 4,144 tonnes REO were bagged ready for export. Concentrate stocks reduced by 26% compared to the end of March 2014.