The copper cathode SX-EW expansion project at Finders Resources’ Wetar Copper Project on Wetar Island in eastern Indonesia is progressing well. The expansion project will have annual capacity of 25,000 tonnes.

Mining and earthmoving progress has continued to expectations with more than 80,000 tonnes of ore stacked on the first cell of the gold pit leach pad.

Finders expects that the rate of stacking will increase once the new crusher arrives on site and is commissioned this month.

Earthmoving on the infrastructure associated with the expanded plant continues with Stormwater Pond Three advancing to the floor of the underdrainage. Once the underdrainage is installed, the dam walls will be shaped and compacted to allow installation of the liner.

The first cell of the KKV Heap Leach Pad, which is the largest pad adjacent to the SX-EW plant site, is being prepared for lining and will be ready for stacking by the new crusher as scheduled.

Good progress has also been made on Stormwater Pond Two with the fleet beginning to cut the final floor level and the pond is expected to be ready for lining in October. The pad for the Neutralization Plant has been completed and is being prepared for foundation work.

Construction continues on the SX-EW plant with the civils contractor pouring concrete to establish the foundations for the plant. Tank refurbishment has been completed on a number of the major tanks and they are ready for placement once the concrete pads are completed. Refurbishment of the EW cells continues.

Construction is well advanced on the coastal facilities to support the increase in personnel and material movements required during the intensive construction phase in the final quarter of 2015.

Completed facilities to date include the concrete batching plant, emergency airstrip, medical clinic and emergency centre, laundry facility, 188 person construction camp, kitchen and mess facility, various staff quarters and offices.

Temporary stores, warehousing and maintenance facilities have been established in advance of the construction of the new site infrastructure. Construction is continuing on the staff facilities and refurbishment of the offices.

Procurement has accelerated with a major portion of the required equipment and materials now the subject of firm contracts and purchase orders.

Remaining items are in the process of final negotiations with the preferred vendors and procurement is expected to be finalized in coming weeks.

Major construction contracts have been awarded or are in preferred tenderer status with negotiations nearing completion. The contractors for civils, steel, mechanical and piping, electrical and instrumentation and power supply have all commenced work either on site or are preparing to mobilize personnel and materials.

The overall expansion project remains on budget and on track for production on quarter one of 2016.

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