RE: CMET Interview CRUX Investor2 May 2024 07:42
Straightforward Path to Production
The Eastern Minerals project will utilise simple, well-established mining and processing methods, including excavator mining, gravity concentration, and magnetic separation. No new technology or complex processing is required. Capital Metals is targeting an initial production of 550,000 tonnes per annum of heavy mineral concentrate, which will be expandable over time.
From a permitting perspective, the Environmental Impact Assessment has already been approved and no major obstacles are expected in obtaining the remaining necessary permits and licenses. Martyr stated they are "very confident" in securing the required regulatory approvals over the next three months.
The mine and processing plant construction is expected to take approximately 12 months after the Final Investment Decision. If all goes to plan, this positions Capital Metals to commence production in early 2025.
https://www.cruxinvestor.com/posts/capital-metals-poised-to-bring-sri-lankan-mineral-sands-project-into-production