(Alliance News) - Ormonde Mining PLC said Monday the Barruecopardo tungsten mine in Salamanca, Spain is preparing for further sales as its ramp-up phase continues.
The company said sales of 20-tonne tungsten concentrate shipments to international buyers have been recently concluded, with further containers being prepared for imminent sale.
The mine is designated to produce 260,000 metric tonne units of tungsten trioxide contained in concentrate per year when ramp up is complete and the mine is in full production.
Michael Donoghue, chair and interim managing director, said: "The completion of initial tungsten concentrate sales from Barruecopardo tungsten mine to international buyers represents an important milestone for both Saloro and Ormonde."
On mining progress, Ormonde Mining said initial access to the south end of the main orebody has been delayed due to the discovery of "old, backfilled, undocumented mine workings within the southern starter pit".
The high-grade tungsten mineralisation had been expected at the south end of the main orebody, the company noted.
Ormonde said mining has reached the base of these workings at their southern end and ore grades from this initial exposure of the main ore-zone are now expected to improve accordingly.
Ormonde shares were down 1.6% in London at 2.31 pence each on Monday.
By Loreta Juodagalvyte; loretajuodagalvyte@alliancenews.com
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