(Alliance News) - Great Western Mining Corporation PLC on Wednesday said construction had been completed at its latest Nevada mill site in line with the company's timeline.
Shares in the Nevada-focused gold, silver and copper explorer rose 33% following the announcement, currently trading at 0.050 pence each in London on late Wednesday morning.
The mill, one of several Great Western properties in Nevada's Mineral County, is owned and operated by Western Milling LLC, a 50-50 joint venture between Great Western and Muletown Enterprizes LLC. The company said the region hosts mineral potential, yet remains under-explored in recent times.
The mill will produce precious metal concentrates from ore and waste through the gravity separation, for which a generator has now been installed. It will be able process around 35 tonnes per day, which may be expanded to 200 tonnes per day "once operating parameters have been established", the group said.
Western Milling has received a permit from the Federal Land Management bureau for the collection of material from mine locations and delivery to the mill site.
For production to commence, the group requires an operating permit from Nevada's environmental protection department, the date of which is currently unknown.
However, the group said that, "to the best of the company's knowledge, all environmental guidelines have been rigorously observed and in some cases exceeded", and it has been informed by the department that its application is a top priority.
In 2023, Nevada was rated the world's most mining-friendly jurisdiction by the Fraser Institute of Canada.
Great Western Chair Brian Hall said: "Western Milling has achieved its objective of completing construction of the process mill by the end of 2023, within 12 months of project start-up. The joint venture is ready to commission the plant and start operations as soon as the environmental permit has been issued."
By Hugh Cameron, Alliance News reporter
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Great Western (GWMO)