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Mawson West Updates Q2 Production and Discusses Goals

Sep 10 2013 12:00AM

Marketwire

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WEST PERTH, AUSTRALIA -- (Marketwired) -- 09/10/13 -- Mawson West (TSX: MWE) CEO Bruce McFadzean was interviewed by The Wall Street Analyzer and updated investors on the company's Dikulushi property and recent Q2 production. The mine produced almost 5200 tons of copper in concentrate and also produced just under half a million ounces of silver. Mawson West also has cash and term deposits of just under $40 million at the end of the second quarter of 2013. McFadzean discussed some of the trends in the copper sector and how the company is positioned in the Congo to capitalize on them. He also laid out the company's plans for their other project, Kapulo. "The Kapulo mine, we intend to reach commercial production during 2014 and we'll ramp that project up to its full capacity of some 20,000 tons of copper a year," stated McFadzean. Having joined the company late last year, he talked about his background and the experience of the key management at MWE. McFadzean believes Mawson is unique because they are fully funded, have great ore bodies, the ability to generate cash and minimal debt.

The full interview can be accessed by clicking here

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as SLWF or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, such statements in this release that describe the company's business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, and risk inherent in the operations of a company. We assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events or other factors.



For further information please contact:

Corporate:

Bruce McFadzean
Chief Executive Officer and Managing Director
Telephone: +61 8 9485 9800
Email: Email Contact

Investors:

Michelle Roth
Roth Investor Relations Inc.
Telephone: +1 732 792 2200
Email: Email Contact





Source: Marketwire


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