LUCA PROVIDES UPDATE ON CAMPO MORADO PERFORMANCE AND COMMENCEMENT OF STAGE 3 OF IMPROVEMENT PROJECT
Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) has successfully implemented the first two stages of the Campo Morado Improvement Project (CMIP) and commenced Stage 3. The project, partnered with Ausenco México, aims to increase metallurgical performance, mill throughput, and operating cash flow. Key achievements include:
- 53% improvement in copper recovery compared to the same period in 2023
- 68.5% copper recovery to bulk concentrate year-to-date
- Estimated 10% increase in revenue per milled tonne
Stage 3 will focus on producing three high-quality, saleable concentrates of copper, lead, and zinc through modest plant modifications. The company expects to test the copper-lead separation process by year-end, with full project completion by Q2 2025.
Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) ha implementato con successo le prime due fasi del Campo Morado Improvement Project (CMIP) e ha avviato la Fase 3. Il progetto, in collaborazione con Ausenco México, mira a migliorare le prestazioni metallurgiche, il throughput del mulino e il flusso di cassa operativo. I risultati chiave includono:
- Un miglioramento del 53% nel recupero del rame rispetto allo stesso periodo del 2023
- 68,5% di recupero del rame per il concentrato bulk dall'inizio dell'anno
- Aumento stimato del 10% nel ricavo per tonnellata lavorata
La Fase 3 si concentrerà sulla produzione di tre concentrati di alta qualità e commerciabili di rame, piombo e zinco attraverso modeste modifiche agli impianti. L'azienda prevede di testare il processo di separazione rame-piombo entro la fine dell'anno, con il completamento del progetto previsto per il secondo trimestre del 2025.
Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) ha implementado con éxito las dos primeras etapas del Campo Morado Improvement Project (CMIP) y ha comenzado la Etapa 3. El proyecto, en asociación con Ausenco México, tiene como objetivo aumentar el rendimiento metalúrgico, el rendimiento del molino y el flujo de efectivo operativo. Los logros clave incluyen:
- Mejora del 53% en la recuperación de cobre en comparación con el mismo período en 2023
- Recuperación de cobre del 68,5% en concentrado a granel desde el inicio del año
- Aumento estimado del 10% en los ingresos por tonelada procesada
La Etapa 3 se enfocará en producir tres concentrados de alta calidad y comercializables de cobre, plomo y zinc mediante modificaciones modestas a la planta. La compañía espera probar el proceso de separación de cobre-plomo para finales de año, con la finalización completa del proyecto para el segundo trimestre de 2025.
루카 마이닝 주식회사 (TSXV: LUCA) (OTCQX: LUCMF)는 캄포 모라도 개선 프로젝트 (CMIP)의 첫 두 단계를 성공적으로 완료하고 3단계를 시작했습니다. 이 프로젝트는 아우센코 멕시코와 협력하여 금속 성능, 밀링 처리량 및 운영 현금 흐름을 증가시키는 것을 목표로 합니다. 주요 성과는 다음과 같습니다:
- 2023년 같은 기간 대비 구리 회수율 53% 개선
- 2023년 현재 대량 농축물에서 구리 회수율 68.5%
- 가공된 톤당 수익 10% 증가 추정
3단계는 소규모 공장 수정을 통해 구리, 납 및 아연의 세 가지 고품질 판매 가능한 농축물을 생산하는 데 초점을 맞출 것입니다. 회사는 연말까지 구리-납 분리 프로세스를 테스트하고 2025년 2분기까지 프로젝트를 완공할 계획입니다.
Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) a réussi à mettre en œuvre les deux premières étapes du Campo Morado Improvement Project (CMIP) et a commencé la Phase 3. Le projet, en partenariat avec Ausenco México, vise à améliorer la performance métallurgique, le débit de la meule et le flux de trésorerie opérationnel. Les réalisations clés incluent :
- Amélioration de 53% du taux de récupération du cuivre par rapport à la même période en 2023
- Récupération de 68,5% de cuivre vers concentré en vrac depuis le début de l'année
- Augmentation estimée de 10% des revenus par tonne traitée
La Phase 3 se concentrera sur la production de trois concentrés de haute qualité et commercialisables de cuivre, de plomb et de zinc grâce à des modifications modestes de l'usine. L'entreprise prévoit de tester le processus de séparation cuivre-plomb d'ici la fin de l'année, avec un achèvement complet du projet d'ici le deuxième trimestre 2025.
Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) hat erfolgreich die ersten beiden Phasen des Campo Morado Improvement Project (CMIP) umgesetzt und die Phase 3 begonnen. Das Projekt, das in Partnerschaft mit Ausenco México durchgeführt wird, zielt darauf ab, die metallurgische Leistung, die Durchsatzrate der Mühle und den operativen Cashflow zu erhöhen. Wichtige Errungenschaften sind:
- 53% Verbesserung der Kupferausbeute im Vergleich zum gleichen Zeitraum 2023
- 68,5% Kupferausbeute im Bulkkonzentrat seit Jahresbeginn
- geschätzte 10% Steigerung des Umsatzes pro verarbeiteten Tonne
Die Phase 3 wird sich darauf konzentrieren, drei hochwertige, verkaufsfähige Konzentrate aus Kupfer, Blei und Zink durch bescheidene Modifikationen der Anlage zu produzieren. Das Unternehmen plant, den Kupfer-Blei-Trennungsprozess bis Ende des Jahres zu testen, mit dem vollständigen Abschluss des Projekts bis zum 2. Quartal 2025.
- 53% improvement in copper recovery compared to the same period in 2023
- 68.5% copper recovery to bulk concentrate year-to-date
- Estimated 10% increase in revenue per milled tonne
- Planned production of three high-quality, saleable concentrates (copper, lead, zinc)
- Expected completion of full project by Q2 2025
- None.
In Q4 2023 the Company partnered with Ausenco México S. de R.L. de C.V. ("Ausenco") to implement a staged improvement project designed to increase metallurgical performance, mill throughput, sustaining plant performance and operating cash flow. The initial phase of the project (Stage 1) included a comprehensive geometallurgical program focused on sampling, training and procedures as well as optimizing the process controls in the plant. The primary goal of Stage 2 was sustainable operations and improving plant reliability. Stage 3 will now build on the improvements to date and implement a new flow sheet with modest modifications to the plant with the goal of producing three high-quality, saleable concentrates of copper, lead and zinc.
The CMIP has already delivered significant financial benefits to the
Work has begun on Stage 3 of the CMIP project which consists of modest but important modifications to the processing plant, including:
- Revised metallurgical sampling systems.
- Modernization of reagent dosing systems.
- New flotation cell air flow monitoring and control.
- Installation of next generation pH/ORP probes.
- New bulk rougher concentrate surge tank. Modifications to the bulk regrind circuit to operate with 2-stage regrinding.
Completion of Stage 3 will increase the degree of liberation of the copper and lead minerals, allowing for collection in two separate concentrates through a sequential flotation process. In conjunction with the refurbishment of equipment and a new mine-to-mill strategy, it is anticipated that the CMIP will deliver more robust revenues for the
The Company, together with Ausenco, has demonstrated that the
CEO Dan Barnholden commented, "The improvements at
We intend to produce three clean, fully saleable and higher value concentrates of copper, zinc, and lead, which will have an immediate, positive impact on revenues and, ultimately, cash flow."
- YTD includes preliminary production data up to and including September 2024.
- It is noted that this calculation is approximate given that total revenue received in any given period is based on several factors including but not limited to head grade, recovery and prices of multiple, marketable metals over time.
About Ausenco
Ausenco is a global company redefining what is possible. The team is based across 26 offices in 15 countries, delivering services worldwide. Combining deep technical expertise with a 30-year track record, Ausenco delivers innovative, value-add consulting studies, project deliver, asset operations and maintenance solutions to the minerals and metals and industrial sectors (www. ausenco.com)
About Luca Mining Corp.
Luca Mining (TSX-V: LUCA, OTCQX: LUCMF, Frankfurt: Z68) is a diversified Canadian mining company with two
The
The Tahuehueto Gold, Silver Mine is a new underground operation in Durango State. which hosts numerous producing and historic mines along its trend. The Company is commissioning its mill and is expected to achieve commercial production by the end of the year.
On Behalf of the Board of Directors
(signed) "Dan Barnholden"
Dan Barnholden, Chief Executive Officer
For more information, please visit: www.lucamining.com
Qualified Persons
The technical information contained in this News Release has been reviewed and approved by Mr. Chris Richings, Vice-President Technical at Luca Mining as the Qualified Person for the Company as defined in National Instrument 43-101.
Cautionary Note Regarding Forward-Looking Statements
It should be noted that Luca declared commercial production at
Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities laws. Forward Looking Information includes, but is not limited to, disclosure regarding the anticipated revenue increases as a result of CMIP; other possible events, conditions or financial performance that are based on assumptions about future economic conditions and courses of action; the timing and costs of future activities on the Company's properties, including Stage 3 of CMIP. In certain cases, Forward-Looking Information can be identified using words and phrases such as "plans," "expects," "scheduled," "estimates," "forecasts," "intends," "anticipates" or variations of such words and phrases. In preparing the Forward-Looking Information in this news release, the Company has applied several material assumptions, including, but not limited to, that copper recoveries will be as assumed; that metals prices will remain constant; that the current exploration, development, environmental and other objectives concerning the Campo Morado Mine can be achieved; the program to improve mining operations at
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Luca Mining Corp.
FAQ
What is the current status of Luca Mining's Campo Morado Improvement Project (CMIP)?
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What are the main objectives of Stage 3 of the Campo Morado Improvement Project?
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