RE:KAT Q3 production report out - good progress over Q2 and Q1 Copper cathode production increased to 59,424 tonnes in Q3 2019 from 52,514 tonnes in Q2 2019 and 57,175 tonnes in Q1 2019.
Cobalt contained in hydroxide production increased to 4,763 tonnes in Q3 2019 from 2,607 tonnes in Q2 2019 and 3,511 tonnes in Q1 2019. Of the total cobalt production in Q3 2019, 97% complied with Applicable Regulations. That means 97% Q3 produced cobalt meeting the uranium specs, which is up from 90-94% produced cobalt meeting the uranium specs in Q2 2019. Ion Exchange System is no longer essential.
Production guidance for copper and cobalt has been moderately revised, compared to the August 2019 release, as follows:
| Commodity | | Units | Production Guidance |
| | | | FY 2019 | FY 2020 | FY 2021 |
| Copper(1) | | Kt | 233 | 270 | 295 |
| Cobalt(2) | | Kt | 16 | 29 | 32 |
| Notes: |
| (1) | Annual copper production guidance subject to +/- 15 kt variation |
| (2) | Annual cobalt production guidance subject to +/- 2 kt variation. |
Cobalt production guidance for 2019 is increased from 14k to 16k tonnes. That means Q4 2019 cobalt production will be at 16,000 - 4,763 - 2,607 - 3,511 = 5,119 tonnes.