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Elemental Royalties Notes Steady State Operations Achieved at Karlawinda, 24,329 Ounces Gold Production in Q3 2021
Elemental Royalties Notes Steady State Operations Achieved at Karlawinda, 24,329 Ounces G...
About this update from Elemental Royalty Corporation
[{"type":"text","content":"\n \n \n \n Elemental Royalties Notes Steady State Operations Achieved at Karlawinda, 24,329 Ounces Gold Production in Q3 2021\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 12, 2021\n \n /CNW/ - Elemental Royalties Corp. (\"\n \n Elemental\n \n \" or \"the\n \n Company\n \n \") (TSXV: ELE) (OTCQX: ELEMF) is pleased to note the recent update by Capricorn Metals Limited (ASX: CMM) (\"\n \n Capricorn\n \n \") announcing Steady State Operations have been achieved at the Karlawinda Gold Project. Elemental acquired a 2% NSR on Karlawinda in\n \n February 2021\n \n .\n \n \n \n \"Steady state production from our largest royalty with a 10+ year mine life is a major milestone,\"\n \n \n Frederick Bell\n \n , CEO of Elemental commented.\n \n \"Karlawinda will almost double our royalty revenue and underpins the long-term outlook for Elemental with increased diversification and exposure to a tier 1 jurisdiction in\n \n Western Australia\n \n .\n \n \n \n \n With multiple performance metrics already being exceeded, the potential for production to outperform guidance is particularly exciting and emphasises the optionality in Elemental's high-quality portfolio of producing royalties.\"\n \n \n \n \n \n Highlights\n \n \n \n \n \n During the\n \n September 2021\n \n quarter, Capricorn completed commissioning and ramp-up activities, achieving guided throughput rates on a steady-state basis\n \n \n Gold production of 24,329 ounces with an above budget 92.6% recovery\n \n \n Mining volumes expected to increase in the\n \n December 2021\n \n quarter with the second mining fleet now onsite and operating at full capacity\n \n \n From August mill throughput has been above budgeted throughput rate for harder laterite ore\n \n \n Processing plant throughput and grade expected to increase as higher grade and soft oxide ore mined in\n \n December 2021\n \n quarter\n \n \n Construction and commissioning of two additional CIL tanks providing additional leaching time for anticipated higher processing plant throughput i...