Sandstorm Gold Royalties Provides Asset Update

About this update from Silver Sands Resources Corp.

[{"type":"text","content":"\n \n \n \n Sandstorm Gold Royalties Provides Asset Update\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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:1.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 18, 2024\n \n \n /CNW/ - Sandstorm Gold Ltd. (\"Sandstorm Gold Royalties\", \"Sandstorm\" or the \"Company\") (NYSE: SAND) (TSX: SSL) is pleased to provide updates on various developments from the Company's diversified royalty portfolio.\n \n \n \n \n \n \n \n \n \n \n IVANHOE OPTIMIZES PLATREEF DEVELOPMENT AND ACCELERATES PHASED EXPANSION\n \n \n \n Ivanhoe Mines Ltd. (\"Ivanhoe\") announced an optimized development plan for the Platreef project in\n \n South Africa\n \n which de-risks initial production and accelerates the asset's Phase 2 expansion by up to three years. Under the revised development plan, Ivanhoe will re-purpose ventilation Shaft 3 for hoisting at a rate of 3 million tonnes per annum (\"Mtpa\") and increase the size of the initial Phase 2 concentrator to 3.3 Mtpa (previously 2.2 Mtpa), bringing site-wide processing capacity to 4.0 Mtpa. Shaft 3 is expected to be ready for hoisting in the fourth quarter of 2025. An updated feasibility study (the \"Updated FS\"), accelerating and optimizing the development of Phase 2, is expected to be completed and published in the second half of 2024.\n \n \n In addition, Ivanhoe continues to advance construction of the 10 metre-diameter Shaft 2 at Platreef, which will contribute additional hoisting capacity of 8.0 Mtpa. In conjunction with the advancement of Shaft 2 and the Updated FS, Ivanhoe is undertaking a preliminary economic assessment (\"PEA\") for Phase 3 expansion, increasing total processing capacity at Pl...

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