RE: ?5 Feb 2019 11:59
Increase throuput and Titanium offtake will boost any profits even if it is stage 1
In consultation with its engineering consultants, The Company has decided to implement two additional components to the Phase 1 Pilot Plant. To increase plant throughput capacity and flexibility, a third dense medium separation ("DMS") section has been procured. In addition, a magnetic separation circuit will be installed in the plant. This addition will allow the plant to produce tantalum concentrate alongside the primary tin concentrate. The improvements should now result in first concentrate being produced in Q2 2019 but are expected to increase the overall revenue-generation capability of the Pilot Plant