George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTSTR.L Regulatory News (TSTR)

  • There is currently no data for TSTR

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Capital Budget Update

28 Jun 2016 08:20

RNS Number : 4569C
Tri-Star Resources PLC
28 June 2016
 

28 June 2016

Tri-Star Resources plc

("Tri-Star" or the "Company")

Oman Antimony Roaster - Capital Budget Update

Tri-Star Resources plc (AIM: TSTR), the independent mining and mineral processing company, announces that the Board of Strategic & Precious Metals Processing LLC ("SPMP") has approved an increased capital budget of US$3.4 million to US$65.5 million with respect to the construction of the Oman Antimony Roaster ("OAR"). Tri-Star has a 40% equity interest in SPMP. 

As was announced by Tri-Star on 28 April 2016, the Board of SPMP decided earlier in the year to progress technical work on incorporating a process utilising existing equipment in OAR to recycle and recover precious metals (the "Gold Recovery Process"). The Board of SPMP has now unanimously resolved to approve the incremental capital cost of including this facility.

SPMP's Board has approved the capital cost of the OAR project of up to US$65.5 million, previously US$62.1 million, which is expected to be funded from existing SPMP facilities. The inclusion of the Gold Recovery Process is an important and logical next step for OAR as it allows the project to accept a wide range of antimony feedstocks, including those associated with gold. This added capability also opens up a significant and new revenue stream for the project, with SPMP believing it potentially increases the plant revenue opportunity by a further 50%. Furthermore, the knowledge gained from the operation of this gold recovery plant will provide SPMP with valuable engineering design and operating information for future refractory gold processing initiatives.

Enquiries:

Tri-Star Resources plc

Guy Eastaugh, Chief Executive Officer

 

Tel: +44 (0) 20 3470 0470

SP Angel Corporate Finance (Nomad and Broker)

Robert Wooldridge / Jeff Keating

Tel: +44 (0) 20 3470 0470

 

Yellow Jersey PR Limited (Media Relations)

Dominic Barretto / Alistair de Kare-Silver 

Tel: +44 (0) 7825 916 715

 

 

Notes to Editors

 

Tri-Star Resources plc is an independent mining and mineral processing company, which is quoted on the AIM market of the London Stock Exchange plc. The Company is engaged in the exploration, mining and downstream value added processing for a minor metal, antimony.

 

Tri-Star is a partner in the Oman Antimony Roaster Project, a planned antimony production facility with a capacity of 20,000 tonnes per annum of metal being developed in Sohar, Oman by Strategic & Precious Metals Processing LLC, an Omani company in which Tri-Star has a 40% interest. Tri-Star also has antimony exploration licenses in Turkey and in Canada (New Brunswick) and a mining permit in Turkey.

 

Tri-Star has a highly experienced management team with capabilities in exploration geology, mining, mineral processing and finance.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEAXKPAFNKEEF
Date   Source Headline
9th Dec 20205:01 pmPRNHolding(s) in Company
9th Dec 202011:05 amRNSSecond Price Monitoring Extn
9th Dec 202011:00 amRNSPrice Monitoring Extension
9th Dec 202010:06 amPRNSecondary Trading following Cancellation
8th Dec 20203:59 pmPRNHolding(s) in Company
7th Dec 202011:06 amRNSSecond Price Monitoring Extn
7th Dec 202011:00 amRNSPrice Monitoring Extension
7th Dec 20209:48 amPRNHolding(s) in Company
4th Dec 20202:34 pmPRNHolding(s) in Company
4th Dec 202012:17 pmPRNDirector Changes
3rd Dec 20206:00 pmRNSTri-Star Resources
2nd Dec 20202:10 pmPRNResult of AGM
2nd Dec 202010:01 amPRNHolding(s) in Company
2nd Dec 202010:01 amPRNHolding(s) in Company
1st Dec 20202:05 pmRNSSecond Price Monitoring Extn
1st Dec 20202:00 pmRNSPrice Monitoring Extension
20th Nov 20209:59 amPRNHolding(s) in Company
18th Nov 20201:21 pmPRNHolding(s) in Company
18th Nov 202011:05 amRNSSecond Price Monitoring Extn
18th Nov 202011:00 amRNSPrice Monitoring Extension
13th Nov 202012:05 pmPRNPress Speculation
9th Nov 20209:06 amPRNRestoration of Trading
9th Nov 20209:00 amRNSRestoration - Tri-Star Resources PLC
9th Nov 20207:00 amPRNHalf-year Report
9th Nov 20207:00 amPRNNotice of AGM and Intention to Delist
5th Nov 20207:00 amPRNFinal Results
3rd Nov 20207:01 amPRNAccounts Update
3rd Nov 20207:00 amPRNSettlement Agreement
1st Oct 20207:30 amRNSSuspension - Tri-Star Resources PLC
30th Sep 20207:36 amPRNTemporary Suspension
10th Sep 20201:53 pmPRNDelay to the notification of Interim Results
9th Jul 20207:00 amPRNUpdate
29th May 20207:00 amPRNTotal Voting Rights
13th May 20207:00 amPRNSale of first Antimony and Update
6th May 20202:15 pmPRNIssue of Equity
24th Apr 20204:41 pmRNSSecond Price Monitoring Extn
24th Apr 20204:36 pmRNSPrice Monitoring Extension
8th Apr 20207:00 amPRNUpdate on SPMP
26th Feb 202010:33 amPRNDirectorship Changes at SPMP & Funding Update
9th Jan 20207:00 amPRNUpdate on SPMP
3rd Jan 20205:45 pmPRNCorrection : Update on SPMP
3rd Jan 20207:00 amPRNUpdate on SPMP
19th Nov 20197:00 amPRNCommercial Grade Antimony Metal Produced
31st Oct 20197:00 amPRNTotal Voting Rights
25th Oct 20197:00 amPRNSubscription raises £316,000
16th Oct 20198:09 amPRNAntimony Concentration 99.5% & Gold 5%, Issue of Equity
30th Sep 20197:00 amPRNInterim Results
19th Aug 20197:00 amPRNFirst Commercial Grade Dore Produced
24th Jul 20194:39 pmPRNResult of AGM
24th Jul 201910:20 amPRNAGM Statement

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.