15th Jul 2015 08:12
LONDON (Alliance News) - Tri-Star Resources PLC on Wednesday said it has received the results of a third-party report on its clean roasting technology which confirms it viability for use in treating refractory gold ores.
Tri-Star said the report showed the process, a two-step system using a reduction roast, followed by an oxidation roast, has been confirmed as a valid technology for treating refractory gold ores.
The report found the process should be highly efficient and cost-effective, with distinct advantages over current processes in use, Tri-Star said.
"We are delighted that this new report prepared by an independent third party expert in refractory gold has confirmed materially improved economics for our clean roasting technology compared with earlier assessments announced to the market on December 20, 2013 and also that our technology can be increasingly competitive in this large and important refractory gold market," said Managing Director Emin Eyi.
Shares in Tri-Star were up 11% on the news to 0.1499 pence, one of the best performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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