Alecto says Capital Drilling awarded Mowana blast and drill contract
Alecto said Capital Drilling Ltd has been awarded the contract for drill and blast at the Mowana Copper Project in Botswana and is currently mobilising its equipment to site.
The Africa-focused gold and copper exploration and development company said, in the interim, using a local contractor, the first production blast was expected by the end of March.
"We are moving at speed towards delivering continuous production and first sales at Mowana meaning that the atmosphere on site is buoyant, particularly given that the first blast is anticipated in just a matter of days," said chief executive Mark Jones.
"It is significant that we have been able to sign up a company of Capital Drilling's profile to provide future Drill and Blast services, and with Giant already on site, our stockpile is increasing.
"Most importantly, we have switched the plant back on as part of a test phase and this has been a great success, producing saleable copper concentrate."
At 12:30 GMT, shares in AIM-traded Alecto were flat at 0.07p each.