• Focus on establishing increased stope access to ramp up mine production

• Ore production of 237t grade delivered 12.9% Zinc, 3.5% Lead

• By-pass to remove decline bottleneck 70% complete 

Consolidated Zinc Limited (CZL: ASX or “the Company”) is pleased to present the October 2018 Plomosas Mine (“Plomosas”) Production Report.

During October, re-commissioning of Plomosas continued above the Level 5 production haulage drive with increased development and stope mining from the 1000 stope. The focus is on opening up more stope work areas to access ore.

Haulage trucks and load haul dump loaders continue to be mobilised as more headings become available to support the equipment within the mine.

Equipment availability and utilisation were below expectations as the contractor established support services and systems at Plomosas. Stope production was restricted due to maintenance issues causing limitations on decline haulage and transfer of the ore from stopes to the loading pocket.

The decline bypass advanced 48m during the month and is now 70% complete. The bypass is expected to be completed during November. This will remove the bottleneck for the transport of ore to surface, allowing for increased ore haulage with larger, faster trucks that are being mobilised to site.

For and on behalf of Consolidated Zinc Limited.

ABOUT CONSOLIDATED ZINC

Consolidated Zinc Limited (ASX:CZL) owns 51% of the historic Plomosas Mine, located 120km from Chihuahua City, Chihuahua State, Mexico with the option to increase its ownership to 90% by the end of 2018. Chihuahua State has a strong mining sector with other large base and precious metal projects in operation within the state. Historical mining at Plomosas between 1945 and 1974 extracted over 2 million tonnes of ore grading 22% Zn+Pb and over 80g/t Ag. Only small-scale mining continued to the present day and the mineralised zones remain open at depth and along strike.

The company has recommenced mining at Plomosas and is committed to exploit the potential of the high grade Zinc, Lead and Silver Mineral Resource through the identification, exploration and exploitation of new zones of mineralisation within and adjacent to the known mineralisation with a view to identify new mineral resources that are exploitable.

Original Article: http://www.consolidatedzinc.com.au/wp-content/uploads/2018/11/081118-CZL-2018-Oct-Production-Report-Final.pdf