(Alliance News) - Tri-Star Resources PLC on Wednesday said the purity of antimony and gold produced from a processing facility where the company has an interest has risen.
The antimony-gold processing facility is located in the Port of Sohar Free Zone and is owned by Strategic & Precious Metals Processing LLC, in which Tri-Star's shareholding is 40%. Oman Investment Fund has a 40% equity holding while DNR Industries Ltd - part of Dutco Group in Dubai - is a 20% equity holder.
Antimony purity has risen to 99.5% and gold to 5%. The 99.5% antimony purity level is high enough to be used in the acid battery market, while gold is now being produced in a high enough quantity to be sold and volumes are increasing.
Tri-Star Chair Adrian Collins said: "Reaching purities of 99.54% and 5% respectively for antimony and gold is a major step in the development of this exciting project. Notably, at this concentration level, which is edging closer to our near-term target 99.65%, antimony can be sold into the acid battery market. Additionally, [Strategic & Precious Metals] is now producing saleable quantities of gold dore, the purity of which also continues to improve."
Shares in Tri-Star were down 1.4% at 35.00 pence in London on Wednesday afternoon.
By Anna Farley; annafarley@alliancenews.com
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