Business
Plant update
Plant update.
About this update from Arc Minerals Limited
[{"type":"text","content":"\n \nRNS Number : 2723V Arc Minerals Limited 08 April 2019 \n\nArc Minerals Ltd / Epic: ARCM / Market: AIM / Sector: Mining & Exploration\n \n \n8 April 2019\nArc Minerals Ltd \n('Arc' or the 'Company')\n \nPlant Update\n \nArc Minerals is pleased to report that the Kalaba Demonstration Pilot Plant has now been completed and successfully commissioned with the initial production of copper/cobalt sulphide concentrate.\n \nThe Company is finalising detailed oxide resource tonnages, grades and mining plans in line with the completion of the block modelling of the overall oxide resource.\n \nThe block model assessment of the ore body will provide the basis for a review of operational and mining strategy including the cost benefit potential of upgrading the oxide ore feed into the plant aimed at materially reducing consumption of acid and related input costs.\n \nInitial production will incur no mining cost as the plant feed will be drawn down from the existing stockpile of 10,000 tonnes at 2% copper.\n \nThe potential to enhance revenue streams through the production of separate copper and cobalt sulphide precipitates is also being investigated.\n \n \nNick von Schirnding, Executive Chairman of Arc Minerals commented: \"I am very pleased to report that we delivered on our commitment to complete the construction and commissioning of the small-scale demonstration pilot plant at Kalaba. We have now completed the plant under budget - for less than half a million dollars. It is also an important step regarding Zamsort's previous commitments in terms of its exploration licenses. \n \n\"In the meantime, we have made major progress regarding our next phase of exploration and our newly identified targets. A more detailed update on this will be made shortly.\"\n \n \n**ENDS**\nContacts\n\n\n\n\nArc Minerals Ltd\nNick von Schirnding (Chairman)\n \n\n\n+44 (0) 20 7917 2942\n \n\n\n\n\nSP Angel (Nominated Adviser & Broker)\nEwan Leggat / Soltan Tagiev\n \n\n\n+44 (0) 20 3470 0470\n \n\n\n\n\nMarket Abuse Regulation (MAR) Disclosure\nCertain information contained in this announcement wou...