Cape Lambert Iron Ore announced that the company has signed an Asset Sale Agreement to acquire, through its wholly owned subsidiary Cape Lambert Leichhardt Pty Ltd, the Leichhardt Copper project, Queensland, Australia, from Matrix Metals Limited for A$8.5M. Leichhardt Copper project comprises a copper cathode process plant capable of producing 9,000 tpa, and an extensive landholding with considerable exploration upside.
Matrix sold 1481 tonnes of copper. Cash costs for the quarter were US$2.06/lb (A$2.31/lb).
September 17, 2008
Advised that commissioning of the expanded copper cathode production plant at the Leichhardt Copper Project (LCP) has now been completed. The expansion increases LCP production from a rate of 5,500 tpa to 9,000 tpa copper cathode.
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