A new silver producer: an exciting growth outlook
Alcyone Resources (ASX Ticker: AYN) is a rapidly growing Australian resource company which commenced silver production in 2011 at its flagship Texas Silver & Polymetallic Project in south-east Queensland.
The Texas Project includes the Twin Hills Heap Leach Silver Mine and a portfolio of advanced silver and polymetallic base metal exploration targets.
Alcyone has moved rapidly from acquisition of the Project in November 2009, through re-assessment and feasibility and into production, and is ramping up to an initial targeted production level of 1.2-1.5Moz per annum by the fourth quarter of 2012.
The Company has embarked on an exciting new growth phase with aggressive exploration programs underway aiming to establish a +10 year mine life and targeting new silver and base metal discoveries.