9th Aug 2016 07:55
LONDON (Alliance News) - Tri-Star Resources PLC on Tuesday said the first major equipment order has been placed to launch the Oman Antimony Roaster project into the procurement and implementation phase.
Tri-Star shares were up 16% to 0.110 pence per share on Tuesday morning.
Tristar holds a 40% stake in the holding company that owns the project, Strategic & Precious Metals Processing LLC, alongside its partners, the Oman Investment Fund and DNR Industries Ltd.
Tri-Star said the equipment ordered will provide the project with a "modern metal oxide reduction technology" which will help the project to operate in a clean and low emission manner. Tri-Star said this will be a "key differentiator for antimony products" sold from the project.
"Of the three furnaces ordered, two are for antimony production and the third is for the recycling of calcines, to enable Oman Antimony Roaster to recover gold," the company said.
By Joshua Warner; [email protected]; @JoshAlliance
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