3 Jul 2014 11:42
Tri-Star Resources plc ("Tri-Star" or the "Company")
Formation of Roaster Joint Venture Company in Oman
3 July 2014
Tri-Star Resources plc ("Tri-Star") and its partners have achieved legal formation of their joint venture company, Strategic & Precious Metals Processing LLC ("SPMP"). Tri-Star owns 40% of SPMP, which has been established to build and develop its Antimony Roasting Project in the Sultanate of Oman. The Company is also pleased to announce that it has secured a plot for the development of the Roaster in the Port of Sohar, in Oman.
Antimony is deemed a critical metal, globally, and SPMP will be the first EU standard non-Chinese facility, with a target 10% world production market share. The Company will support consumers in the West who are particularly aware about sustainability and environmental standards. Oman is an excellent location both geographically and logistically and the Port of Sohar is already an established active mineral-processing hub.
In conjunction with this, Tri-Star is progressing its proprietary refractory gold technology (derived from the core antimony roasting technology). The fact that 30-50% of world gold resources appear in refractory ores opens a large potential market for application of Tri-Star's technology in this area.
Enquiries:
Tri-Star Resources Plc
Emin Eyi, Managing Director
Tel: +44 (0) 20 3463 2260
Yellow Jersey PR Limited (Financial PR)
Tel: +44 (0) 7768 537739
Dominic Barretto / Kelsey Traynor
Tri-Star Resources is a focused antimony company whose management has many years' experience in trading and mining this critical mineral. The Company's objective is to become the leading integrated antimony metal and products manufacturer to western economy consumers utilising an environmentally advanced 20,000 tonnes per annum name plate capacity antimony metal and tri-oxide production facility in the Gulf, with raw material supplied from its upstream resource projects in Turkey and Canada and from third party producers.
www.tri-starresources.com