In the latest quarterly report sent to the ASX, CuDeco stated a detailed report was to be submitted to the Board for ratification before resuming operations.

However CuDeco has not confirmed a recommencement date stating "all operational activities at the Rocklands Mine remain suspended indefinitely while the company completed its finance restructuring.

"The company continues negotiations with various parties including its existing major shareholders, to secure a long-term structural finance facility.

"The company's shares remain suspended from trading pending finalisation of the company's financial statements."

The report to the ASX also indicated that more employees had been stood down.

"During the quarter, the company continued to assess its manpower needs and all non-essential personnel continued to be stood down due to the suspension of operations," the report read.

"All non-essential employees were stood down pending restart of operations, with a comprehensive operational and financial restart plan to be prepared prior to the resumption of operations."

The North West Star asked CuDeco when the Rockland's site could become operational with a spokesperson responding "CuDeco remains committed to restarting production at Rocklands as quickly as possible, pending the finalisation of a suitable long-term funding arrangement.

"The Company remains confident in securing a positive outcome for all stakeholders, including our employees, contractors and Cloncurry township, and is mindful of its obligations towards the community."

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