18th Mar 2014 12:22
LONDON (Alliance News) - Aureus Mining Inc Tuesday said it had completed pouring the concrete for the ball mill foundations at the process plant at its New Liberty gold project in Liberia and that the overall construction schedule remains on track to deliver the first gold pour in the first quarter of 2015.
In a statement, the company said the manufacture of the mill components remains on schedule and will be completed by the end of March. All of the mill components will be shipped from to Liberia from South Africa and are due to arrive in the first week of June 2014.
The ball mill itself, which is 17.5 foot by 23.5 foot, will take between four to six months to erect, with commissioning starting in the fourth quarter of this year so it is completed in the first quarter of 2015.
Aureus Mining shares were down 0.2% at 33.558 pence Tuesday.
By Steve McGrath; [email protected]; @SteveMcGrath1
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