Tri-Star Resources PLC Oman Antimony Roaster Update (3031O)
November 04 2016 - 2:00AM
UK Regulatory
TIDMTSTR
RNS Number : 3031O
Tri-Star Resources PLC
04 November 2016
4 November 2016
Tri-Star Resources plc
("Tri-Star" or the "Company")
Oman Antimony Roaster Update
Tri-Star Resources plc (AIM: TSTR), the independent mining and
mineral processing company, is pleased to provide the following
update with regard to the construction of the Oman Antimony Roaster
("OAR") being undertaken by the Company's Omani joint venture
company, Strategic & Precious Metals Processing LLC ("SPMP").
Tri-Star has a 40% equity interest in SPMP.
Since the appointment of Worley Parsons, as EPCM contractor in
February 2016, engineering design, procurement of long lead time
items and plant layout have been progressing well.
The OAR plant design has been enhanced, both by the inclusion of
a gold recovery stream and also by increasing capacity and
associated design changes intended to create the ability to treat a
wider range of different feedstocks. Maximum potential throughput
has been increased from 36,000 tonnes per annum to 50,000 tonnes
per annum.
A more streamlined plant layout is also expected to lead to a
reduction in the site area from the initial planned 22 hectares, to
15 hectares. Site preparations have been completed and SPMP took
formal control of the site on 24 October 2016. Civil engineering
work is expected to commence in earnest by the end of the year.
The Company is also pleased to report that the manufacture of
key plant components is underway and major capital items are
expected to arrive on site during the first half of 2017.
Finally, negotiations with potential suppliers of concentrate
are underway and test-work on sample materials is shortly to be
conducted. As previously advised, a contractual trading arrangement
with a major commodity trader is under negotiation.
Tri-Star intends to issue operational updates on the OAR more
regularly now that ground-works have commenced.
Enquiries:
Tri-Star Resources plc Tel: +44 (0) 20 3470 0470
Guy Eastaugh, Chief Executive Officer
SP Angel Corporate Finance (Nomad and Broker) Tel: +44 (0) 20 3470 0470
Robert Wooldridge / Jeff Keating
Yellow Jersey PR Limited (Media Relations) Tel: +44 (0) 7825 916
715
Dominic Barretto / Alistair de Kare-Silver
This information is provided by RNS
The company news service from the London Stock Exchange
END
UPDBRBDBGDGBGLX
(END) Dow Jones Newswires
November 04, 2016 03:00 ET (07:00 GMT)
Tri-star Resources (LSE:TSTR)
Historical Stock Chart
From Apr 2024 to May 2024
Tri-star Resources (LSE:TSTR)
Historical Stock Chart
From May 2023 to May 2024