Shipment company

Wiluna Mining Corporation Ltd (WMC.AX) First shipment of concentrate leaves Fremantle

Wiluna Mining Corporation Ltd

Wiluna Mining Corporation Ltd (WMC.AX) First shipment of concentrate leaves Fremantle

Perth, Australia, February 28, 2022 – (ABN Newswire) – Wiluna Mining Corporation Limited (ASX:WMC) (HAM:NZ3) (OTCMKTS:WMXCF) is pleased to announce that its first shipment of gold in concentrate form has left the port of Fremantle heading for its removal partner Polymetal International plc (Top 10 gold producers, listed on the LSE; market capitalization £5bn).

Wiluna logistics contractor Qube Bulk delivered the concentrate from the Wiluna mine by road and rail to its Port of Fremantle facility where it was loaded onto the vessel which departed on Sunday 27 February.

WMC can further confirm that the first seven shipments are in lockdown with the second shipment of 20 containers loaded and on their way to Fremantle with an estimated departure date of early March. The third shipment, which will likely be 50 containers, is also confirmed and will be shipped to collection partner Trafigura. He is due to leave Fremantle in mid-March. This will be the first shipment to Trafigura which, like Polymetal International plc, has signed an off-take contract for the first three years of production in a contract announced at ASX in March 2020.

To date, 2,690 wet tonnes of gold in concentrate, equivalent to ~5,650/oz of gold, have been produced with the commercial ramp-up underway.

WMC is also pleased to report that the Wiltails tailings reprocessing facility, which is expected to produce approximately 15 kozpa, is 30% complete and expected to be commissioned in Q2 CY’22. This will make a material difference for the production of stage 1 in Wiluna from the date of commissioning.

Milan Jerkovic, Executive Chairman of Wiluna Mining, said:

“The departure of our first shipment is a major milestone for WMC. The concentrator is working well and concentrate production is ramping up. With Wiltails due to be commissioned in Q2 CY’22, we hope to produce at a steady pace. state commercial production of an annualized 100kozpa+ per Q3 CY’22”

About Wiluna Mining Corporation Ltd:

Wiluna Mining Corporation (ASX:WMC) (OTCMKTS:WMXCF) is a Perth-based, ASX-listed gold mining company that controls over 1,600 square kilometers of the Yilgarn Craton in the northern goldfields of WA. The Yilgarn Craton has a historical and current gold endowment of over 380 million ounces, making it one of the most prolific gold regions in the world. The Company owns 100% of the Wiluna gold operation which has a defined resource of 8.04 million ounces at 1.67 g/t au. In May 2019, a new, highly qualified management team took control of the company with a clear plan to capitalize on the multi-million ounce potential of the Wiluna gold mining.

Contact:

Milan Jerkovic
Executive Chairman
+61 8 9322 6418

Jim Malone
General manager
Investor Relations
+61 419 537 714

Dannika Warburton
Media and communications
+61 401 094 261

Source:
Wiluna Mining Corporation Ltd

Copyright (C) 2022 ABN Newswire. All rights reserved.