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05/12/18
11:06
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Originally posted by birdchirp:
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Construction of 40t/hr density separation plant at the Macy Project has commenced• Commissioning of plant expected to be completed early Q1 – 2019• Capex estimated to be A$225,000• Encouraging metallurgical testwork demonstrates ability to capture additional concentrate• New processing plant expected to greatly improve overall metal recoveries up to circa 85%Symbol Mining Limited (ASX:SL1), (“Symbol” or “the Company”) advises that following very encouraging metallurgical test work in the third quarter 2018, it has entered into a formal contract for the procurement, construction and commissioning of a density separation processing plant for the high-grade zinc and lead Macy Project in Nigeria. The plant is based on conventional jig technology.
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Must be very confident of extending the resource / LOM.
Where's the Cap raise!