The increase in production forecast is due to strong production performances at both the Tritton and Murrawombie underground mines and better copper grades.
Production guidance was originally 24,500 tonnes before it was upgraded to 25,500 tonnes on 24 April 2019.
Notably, today’s upgrade represents an 8.3% increase on the original guidance.
Tritton tenement package
While the company is a copper producer through its Tritton operations, it also has a number of brownfields and greenfields exploration projects that present significant growth opportunities.
One such project is the Torrens Exploration Project in South Australia, which hosts a copper-gold anomaly with a footprint larger than Olympic Dam.