Metals Acquisition Limited Ships First Copper Concentrate from CSA Copper Mine
June 27 2023 - 6:00AM
Business Wire
Metals Acquisition Limited (NYSE: MTAL)
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Figure 1 – CSA concentrate (Photo:
Business Wire)
Metals Acquisition Limited (“MAC”) announces that the first
shipment of copper concentrate from the CSA Copper Mine has been
shipped from the port of Newcastle, New South Wales. The
concentrate shipment contained approximately 2,300 tonnes of copper
and 28,000 ounces of silver.
Mick McMullen, MAC’s CEO, commented “MAC has taken its first
important step today with the shipment of first copper to customers
in Asia. When this company was formed our mission was to acquire
mines in Tier 1 jurisdictions, in commodities linked to global
electrification, the CSA Copper Mine was exactly the type of asset
we had in mind. The MAC team have been at CSA since the day of
closing the transaction with the aim of having a running start to
optimizing CSA to its full potential and beyond.”
About Metals Acquisition Limited
Metals Acquisition Limited (NYSE: MTAL) is a company focused on
operating and acquiring metals and mining businesses in high
quality, stable jurisdictions that are critical in the
electrification and decarbonization of the global economy.
Forward Looking Statements
This press release includes “forward-looking statements.” MAC’s
actual results may differ from expectations, estimates, and
projections and, consequently, you should not rely on these
forward-looking statements as predictions of future events. Words
such as “expect,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”
“believes,” “predicts,” “potential,” “continue,” and similar
expressions (or the negative versions of such words or expressions)
are intended to identify such forward- looking statements. These
forward-looking statements include, without limitation, MAC’s
expectations with respect to future performance of the CSA Mine.
These forward-looking statements involve significant risks and
uncertainties that could cause the actual results to differ
materially from those discussed in the forward-looking statements.
Most of these factors are outside MAC’s control and are difficult
to predict. Factors that may cause such differences include, but
are not limited to the occurrence of and the inability to maintain
the listing of MAC’s shares;; the ability to recognize the
anticipated benefits of the business combination, which may be
affected by, among other things; the supply and demand for copper;
the future price of copper; the timing and amount of estimated
future production, costs of production, capital expenditures and
requirements for additional capital; cash flow provided by
operating activities; unanticipated reclamation expenses; claims
and limitations on insurance coverage; the uncertainty in mineral
resource estimates; the uncertainty in geological, metallurgical
and geotechnical studies and opinions; infrastructure risks; and
dependence on key management personnel and executive officers; and
other risks and uncertainties indicated from time to time in the
definitive proxy statement/prospectus relating to the business
combination that MAC filed with the SEC, including those under
“Risk Factors” therein, and in MAC’s other filings with the SEC.
MAC cautions that the foregoing list of factors is not exclusive.
MAC cautions readers not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
MAC does not undertake or accept any obligation or undertaking to
release publicly any updates or revisions to any forward-looking
statements to reflect any change in its expectations or any change
in events, conditions, or circumstances on which any such statement
is based.
More information on potential factors that could affect MAC’s
financial results is included from time to time in MAC’s public
reports filed with the SEC, including Metals Acquisition Corp’s
Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and
Current Reports on Form 8-K as well as the definitive proxy
statement/prospectus MAC filed with the SEC in connection with the
business combination. If any of these risks materialize or MAC’s
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. There
may be additional risks that MAC does not presently know, or that
MAC currently believes are immaterial, that could also cause actual
results to differ from those contained in the forward-looking
statements. In addition, forward-looking statements reflect MAC’s
expectations, plans or forecasts of future events and views as of
the date of this communication. MAC anticipates that subsequent
events and developments will cause its assessments to change.
However, while MAC may elect to update these forward-looking
statements at some point in the future, MAC specifically disclaims
any obligation to do so, except as required by law. These forward-
looking statements should not be relied upon as representing MAC’s
assessment as of any date subsequent to the date of this
communication. Accordingly, undue reliance should not be placed
upon the forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20230627490626/en/
Mick McMullen Chief Executive Officer Metals Acquisition
Limited. +1 (817) 698-9901 mick.mcmullen@metalsacqcorp.com
Dan Vujcic Chief Development Officer Metals Acquisition Limited.
+61 451 634 120 dan.vujcic@metalsacqcorp.com
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