Just as you mentioned, Lionore just released their 2007 guidance this AM. They are guiding for 44,300 tonnes of payable Nickel in 2007, a 30% increase. Wow!
LionOre Issues Production Guidance for 2007
TORONTO, ONTARIO, Dec 07, 2006 (MARKET WIRE via COMTEX News Network) --
LionOre Mining International Ltd. ("LionOre"), (TSX: LIM)(ASX: LIM)(LSE: LOR)(BSE: LIONORE) today issues production guidance for 2007. All costs are in U.S. dollars.
Colin Steyn, President and CEO of LionOre, commented, "LionOre enters 2007 with solid production building blocks established during 2006. All our brownfield expansion projects have now been completed & commissioned and we will see the production benefits in 2007, with an estimated 30% increase in the group's production to a total of 44,300 tonnes of payable nickel.
Our operational focus will continue to be on reducing costs, as well as on brownfield exploration with a view to increasing the Life of Mine and resources at all of our operations; particularly in Australia. In addition to the recently announced senior management appointments, I believe LionOre is in a strong position to meet the targets in respect of operations and project execution in Australia and Africa.
At a corporate level, our objective of vertical integration remains key to the long-term sustainability and profitability of the group. Whilst we will explore different avenues of corporate growth opportunities to deliver vertical integration, we will also continue to seek additional opportunities to benefit from our Activox(R) technology. This may be to acquire additional nickel assets or seek to joint venture deposits amenable to Activox(R) processing."
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