Es geht voran,
Anfang Juli wird ein Bagger und ein Truck geliefert, man ist in Verhandlungen über zusätzliche Verwendung von Abwassern einer Fabrik in der Nähe, und die Erdarbeiten werden weiter fortgesetzt.
Trotzdem wer etwas zwischen den Zeilen liest, sieht das kein Produktionsstartdatum angeführt wird, fürs Erste hat der Bericht eine Kurssteigerung an des ASX bewirkt, wenn in nächster Zeit regelmäßig solche Fortschrittsberichte kommen und der Silberpreis wieder steigt, wird die Aktie bis zum Produktionsstart wohl wieder Fahrt aufnehmen.
05 June, 2006
TWIN HILLS SILVER MINE PROGRESS REPORT
Macmin Silver Ltd has signed a contract with Mearns Environmental Contracting Pty Ltd for an equipment fleet to commence mining at Twin Hills. The equipment comprises one Komatsu PC 1000 Hydraulic Excavator and three Caterpillar 773 off highway Rear Dump Trucks, which will be on site from July 1. This agreement provides that Mearns supplies the equipment and maintenance services whilst Macmin will supply the operators.
The arrival of the mining fleet will permit the Company to speed up its earthmoving activities on site. These activities initially include moving recently blasted rock from the storm containment dam; shifting and stockpiling alluvium in readiness for the next round of heap leach area preparation; and commencing the digging of waste and ore from the pit.
The Company has commenced discussions with Inglewood Shire Council on the possible use of ‘grey' water from the Texas townsite sewerage treatment plant. The water would be used in the processing plant and would serve as an alternate supplementary water supply in conjunction with the currently identified water resources on the site.
The water feasibility study is being undertaken by a consultant group, Wide Bay Water Corporation, on behalf of the Council and Macmin. Results of the study, which is to provide cost estimates, preliminary designs and business arrangements, should be available in four weeks.
The benefits of a guaranteed permanent water supply to site would very positively impact the project, particularly during periods of drought and when production rate expansions are considered. The project can be seen as a further example of the excellent relationship the Company enjoys with the local community of the Inglewood Shire.
The recently released (ASX May 26 Update) brochure shows photographs of the construction progress on the crushing and processing circuits and I would recommend shareholders and investors view these on our website www.macmin.com.au. These photos highlight the significant progress that has been achieved over the last few months as we come towards the completion of the construction phase at Twin Hills.
Silver Price
The price of silver has moved ahead strongly this year and has substantially added to the economic strength of the Twin Hills Project. Although the recent pull back in the silver price from US$15 per oz to US$12 per oz highlights silver's increasing volatility, the Company believes that fundamental supply and demand issues will underpin an ongoing increase in silver price in the coming years.
Yours faithfully
MACMIN SILVER LTD
D.M. O'Neill
MANAGING DIRECTOR
This report is based on & accurately reflects information compiled by a competent person as defined in Appendix 5A of the ASX Listing Rules
Also available as a PDF File (68K)
05 June, 2006
ALLOTMENT OF SECURITIES
In accordance with Listing Rule 3.10.5 I have been instructed by the Board of Directors of Macmin Silver Ltd to advise that the Company has issued a total of 4,100 fully paid ordinary shares at $0.25 per share pursuant to the exercise of MMNO options.
An Appendix 3B form (New issue announcement, application for quotation of additional securities and agreement) detailing the issue is attached.
Yours faithfully,
MACMIN SILVER LTD
Garry M. Edwards
Company Secretary