New Century Zinc | New Century Resources ( ASX : NCZ )
New Century Zinc | New Century Resources ( ASX : NCZ )
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Operating Officer Barry Harris says the company was drawn to the asset when it came into care and maintenance . “ Prior to this , our Managing Director Pat Walta had engaged with MMG over a number of years discussing a novel approach , that being an economic mine site rehabilitation strategy ,” he says . “ Partnering with New Century Resources ( formerly Century Bull ) was the best option for MMG to fulfil all of their obligations with the rehabilitation of the mine , returning it to a state where it could be handed back to the community , and making sure that together we could maintain our collective social license to operate .”
By March 2017 New Century had taken on the previous care and maintenance allowances , and proceeded to get the project developed and operations started through the remining and subsequent reprocessing of the tailings ore body , these activities are all part of the overall rehabilitation works and provide revenues to complete works required on the mine lease , while generating returns for shareholders . With AUS $ 70mn already spent by on waste dump rehabilitation , MMG had
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