brooksy26 May 2010 15:15
the link u posted earlier was excellent.i thought i had read all i could find on TXR, either missed the bit or it didnt sink in about the slimes and: as quoted, take this from march 2010 for timescales?: http://moneyam.uk-wire.com/cgi-bin/articles/201003230700129866I.html TXR really have their act together-just need some PR, which without being critical is supposed to helped by arbuthnot or aura financial? :-)
The Versi-Dredge, which was delivered to site in February, has been commissioned and is now fully operational. The Company expects that it will take approximately 6 months to remove the slimes in the Lanti South pond.
This should not only assist the Company in meeting its production targets for 2010, but also ensure the full mine life of the Lanti South Pond is preserved.
Once the slimes have been removed, the Company intends to use the Versi-Dredge to increase production by mining deposits such as those in the Mogbwemo tailings area, which contains a mineral resource of approximately 18 million tonnes of ore at an average rutile grade of 0.94%.
In anticipation of the Versi-Dredge mining these tailings later in the year, the Company is currently evaluating plans to construct a small wet plant for the dredge.
Following a review of the dredge design, the Company has decided to construct Dredge D3 with a separate floating wet plant rather than with an integral plant as previously planned.
Whilst this has caused a short delay to the project it will result in improved recoveries from the wet plant once the dredge is in operation.
sales of industrial grade rutile into the Japanese market for 2010 have doubled, whilst the Company successfully entered the Chinese market for the first time through a contract for bulk rutile.
There is potential for further sales to this expanding company and negotiations on future supply contracts are underway. """
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