Specialist raise bore contractor, RUC Mining, has successfully completed the back reaming of the Savannah FAR#3 ventilation raise three months ahead of schedule
Barminco’s lateral underground capital development program has also been completed ahead of schedule with the targeted four mining levels at Savannah North now open
All underground development and raise boring activities have been completed, safely, on budget and ahead of schedule, with contractors expected to be de-mobilised by the end of 2020
Ancillary capital works on miscellaneous surface and underground infrastructure planned to be completed between January and May 2021
All planned activities for the remainder of FY21 are expected to be funded with existing cash reserves
Commenting on the completion of the major projects, Managing Director & CEO, Victor Rajasooriar said:
“Completing the raise boring and horizontal capital development safely, within budget and well ahead of schedule is a fantastic outcome and a credit to our contracting partners. These projects are a major milestone for Savannah and have us well on target to consider the resumption of mining and processing operations from mid-2021.”
