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- Wiluna Mining’s (WMC) first shipment of gold in concentrate has departed from the Port of Fremantle, located in Western Australia
- The shipment is on its way to Polymetal International’s POX treatment facility in Khabarovsk Territory, Russia
- The company confirmed that the first seven shipments are in the process of being locked in with the second shipment of 20 containers loaded and on its way to Fremantle
- On the market, Wiluna is up 0.5 per cent and is trading at $1.01 per share
Wiluna Mining’s (WMC) first shipment of gold in concentrate has departed from the Port of Fremantle, located in Western Australia.
The shipment is on its way to Polymetal International’s POX treatment facility in Khabarovsk Territory, Russia.
Wiluna’s logistics contractor, Qube Bulk, delivered the concentrate from the Wiluna mine to the port, where it was loaded and shipped on Sunday, February 27.
The company confirmed that the first seven shipments are in the process of being locked in with the second shipment of 20 containers loaded and on its way to Fremantle. The second shipment is estimated in early March, with the third expected in mid-March.
Currently, to date, 2690 wet tonnes of gold in concentrate, which is the equivalent to around 5,650 ounces of gold, has been produced with the ramp-up to full steady-state commercial in progress.
Additionally, Wiluna also reported that its tailings retreatment facility is 30 per cent complete and is expected to be commissioned in the second quarter of the current 2022 year.
“The departure of our first shipment is a great milestone for WMC. The concentrator is performing well and concentrate production is ramping up. Along with Wiltails, which is due to be commissioned in Q2 CY’22,” Executive Chair Milan Jerkovic said
On the market, Wiluna is up 0.5 per cent and is trading at $1.01 per share at 2:40 am AEDT.
