23rd May 2019 12:14
LONDON (Alliance News) - Ormonde Mining PLC said Thursday it had "effectively" completed the process plant commissioning at its tungsten project in Spain as it now looks to target higher grades.
The process plant at the Barruecopardo Tungsten Project in Salamanca - in which Ormonde holds a 30% interest was now "effectively complete" with the plant operating "well."
The plant has delivered throughput rates of up to 190 tonnes per hour on fresh ore. This would be sufficient to meet the 1.1 million tonnes per year steady state processing target for the project.
Initial ore feed from its northern starter pit has returned lower grade than forecast due to "localised complexity within this peripheral remnant zone. " Consequently, the project is now looking to target mining of higher grade ore sources in the near term.
"The concentrates produced during commissioning are close to targeted specification, so with feed grade being the critical issue the focus on the project has now turned to developing mining procedures and revised mining schedules to target higher grade, more representative ore sources earlier in the Year-1 ramp-up schedule," Ormonde Chair & Interim Managing Director Michael Donoghue said. "This includes accelerating waste stripping to allow access to the main orebody to be brought forward."
Shares in Ormonde were 3.6% lower at 4.00 pence on Thursday.
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