Business
Commissioning Commences at Lime Plant
Commissioning Commences at Lime Plant.
About this update from Firering Strategic Minerals Plc
[{"type":"text","content":"\n\n \nFirering Strategic Minerals plc / EPIC: FRG / Market: AIM / Sector: Mining\n \n30 August 2023\nFirering Strategic Minerals Plc\n (\"Firering\" or the \"Company\")\n \nCommissioning Commences at Limeco Resources' Lime Plant\n \nFirering, an exploration and development company focusing on strategic minerals, is pleased to announce the successful commissioning of the crushing system to produce aggregates and the finalisation of the design work for the modification and commissioning of the lime kilns at the Zambian Lime plant owned by Limeco Resources Limited (\"Limeco\"). Firering has an option to acquire up to 28.33% (RNS: 17 August 2023) of Limeco, which is expected to be profitable and delivering cashflow within 12-24 months.\n \nHighlights\n· Successful commissioning of the crushing system:\no Two-stage crushing circuit with an installed primary throughput of 500tph of limestone.\no Crushing system adapted to produce aggregate to enhance cashflow during kiln renovations.\no Ramping up of aggregate production during the coming months with first aggregate sales expected shortly.\no Estimated stockpile of over 250,000 tonnes waste rock available for initial production of aggregate.\no Aggregates are mainly used in the construction industry to support foundations, provide drainage and to produce concrete and asphalt.\n· Final design work to upgrade all eight kilns has been completed:\no Firering's technical team is assisting the local technical team with upgrade design.\no Commissioning of the 8 kilns expected to commence gradually with the first two kilns expected to be commissioned during Q4 2023.\no Estimated limestone stockpile of over 150,000 tonnes available for initial production of quicklime while reopening the existing limestone quarry with an estimated in-situ resource of 73.7Mt @ 95.3% CaCO3.*\no Discussions for quicklime offtake by major copper producers are advancing.\n \nYuval Cohen, Chief Executive Officer of Firering, said:\n\"We are excited to announce the successful commissioning of the crushing system that has produced its first aggregate by crushing waste from the waste stockpile at Limeco. Limeco is now in the process of ramping up this aggregate production, which will ...