Business
Barruecopardo Update
Barruecopardo Update.
About this update from Ormonde Mining Plc
[{"type":"text","content":"\n \nRNS Number : 9168Z Ormonde Mining PLC 23 May 2019 \n\n23 May 2019\n \nThis announcement contains inside information\n \nOrmonde Mining plc\n \n(\"Ormonde\" or \"the Company\")\n \nBarruecopardo Update\n \nThe Board of Ormonde (\"the Board\") provides an update on the Barruecopardo Tungsten Project in Salamanca, Spain (\"Barruecopardo\" or \"the Project\"), where the Company holds a 30% interest.\n \n· Process plant commissioning is effectively complete with the plant operating well. Throughput rates up to 190 tonnes per hour (\"tph\") are now being achieved on fresh ore, sufficient to meet the Project's steady state processing target of 1.1 million tonnes per annum (\"Mtpa\");\n· Processing of low-grade ore feed from the northern starter pit has produced concentrates exceeding 74% WO3 (compared to the industry standard of 65% WO3) and close to targeted specification; operational refinements are now focused on achieving targeted specification in the near term;\n· The initial ore feed from the northern starter pit, a small pit representing only the first few months of mine production, has returned lower grade than forecast due to localised complexity within this peripheral remnant zone;\n· Plans are therefore being developed to target mining of higher grade ore sources in the near term, including:\no bringing forward mining in the higher grade southern starter pit, where mining has recently commenced; and\no accelerating the waste stripping of the east wall of the historic pit, from surface to around 80 metres depth (\"the east wall cutback\"), to bring forward access to the main orebody situated below the historic open pit.\n \nMichael Donoghue, Ormonde's Chairman and Interim Managing Director, commented:\n \n\"The commissioning of the new process plant at Barruecopardo has essentially been completed, with the plant throughput achieving rates sufficient to meet the Project's steady state processing target of 1.1 million tonnes per annum. The concentrates produced during commissioning are close to targeted specification, so with feed grade being the critical issue the focus on the Project has now turned to developing mining procedures and revised mining schedules to ta...