Another TICK!
Nice update. Spanish production is 140t to 160t with the early trial showing very promising results.
I believe before EQR became involved Salaro was only producing 90t per month and recoveries of around 40% & struggling to meet cashflow requirements as they were processing all the ore through the plant. Hence the reason why Oaktree put it up for tender.
Moving forward (assuming the deal goes ahead), the ore sorter will reduce their costs and increase production. EQR management team will be able to provide other production efficiencies which should increase tungsten production at a lower cost.
Having two world class producing mines when others are struggling will be the story that we can promote to the market.
Ann: XRT Ore Sorter Trials At Barruecopardo Mine Hitting Targets, page-3
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