16th Feb 2016 09:20
LONDON (Alliance News) - Tri-Star Resources PLC on Tuesday said Strategic & Precious Metals Processing LLC, in which Tri-Star holds a 40% stake, has signed a services agreement for the Oman Antimony Roaster project.
Tri-Star said Strategic & Precious Metals Processing has signed an 18-month engineering, procurement and construction management deal with WorleyParsons Oman, the local unit of Australian professional services group WorleyParsons.
"This is an extremely important milestone for SPMP, and we congratulate the management team for its achievement. With WorleyParsons firmly on board as part of the construction team we look forward now to the build-out and development phase of this exciting project, which continues to be on track for commissioning by the end of 2017," said Tri-Star Chief Executive Guy Eastaugh.
Tri-Star shares were up 6.8% to 0.101 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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