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Almonty Announces Initiatives to Enhance Tailings Recovery at Panasquiera Mine
TORONTO--(BUSINESS WIRE)--Almonty Industries Inc. (TSX-V:AII) (“Almonty”) is very happy to announce that its fully owned subsidiary, Beralt Tin and Wolfram (Por
About this update from Almonty Industries Inc.
[{"type":"text","content":"TORONTO--(BUSINESS WIRE)--Almonty Industries Inc. (TSX-V:AII) (“Almonty”) is very happy to announce that its fully owned subsidiary, Beralt Tin and Wolfram (Portugal) S.A., which operates the Panasqueira Tungsten Mine in Portugal, has reached a comprehensive agreement with Crominet Mining Processing SA (PTY) Ltd. (“Crominet”), which is expected to result in an increase to its overall recovery. Currently, at Panasqueira, a Heavy Media Separation unit generates a pre-concentrate which is then upgraded by gravimetric methods to produce an outstanding final concentrate containing 75% WO3, considered to be the highest commercially available grade in the world. Tailings from the said Heavy Media Separation unit containing, in average, 0.03% WO3, were sent to Crominet facilities where XRT sorting tests showed a possible recovery of up to 93.6% of the contained tungsten. The pre-concentrate here obtained will be upgraded on the existing installations together with the pre-concentrate referred above. Under the agreement with Crominet, Crominet will install and operate at Panasqueira an XRT ore sorter and respective ancillary equipment with enough capacity to treat the totality of the tailings generated by the Heavy Media Separation unit. This XRT ore sorter installation is scheduled to start operating by October 2017. The extra recovery expected to be achieved could represent a conservative increase of 10% on Panasqueira’s annual production. Depending on how the extra recovery is ultimately measured, the installation of more XRT ore sorters to reclaim material from other tailings facilities may be considered. Almonty also announced the filing of an updated technical report under National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators to reflect developments at the Wolfram Camp Mine. The technical report provides for updated operational costs, both in mine, plant and G&A. Plant upgrades are currently being implemented which are expected to increase plant processing capacity from 400,000 tpa to 518,000 tpa. The design focus for recent updates to the plant process has been to improve the recovery of wolframite by minimising over-grinding of the ore. This will be achieved by increasing the number of ore crushing and screening stages, thereby improving the control of the grinding p...