Nagambie Resources (ASX:NAG) is located adjacent to the Costerfield mine. If NAG were to produce 1,500 tonnes of antimony annually like costerfield, with current antimony prices around US$41,500 per tonne, their revenue could reach approximately $96 million.
LDR still need long time to establish JORC resource with a lot of uncertainties.
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This is a pilot plant only, not intended for commercial production. Its very small capacity is suitable only for testing purposes, which is why the daily throughput is not specified; they explicitly describe it as ‘pilot scale.’ Additionally, it lacks a flotation circuit necessary for ore separation.
This setup is utterly inadequate, it’s merely a small grinder and crusher without flotation or gravity circuits, rendering it incapable of ore separation. Similar equipment with greater capacity is available on Alibaba for approximately $10,000, LOL.
https://www.alibaba.com/product-detail/Whole-life-Service-Ball-Mill-Grinding_1601048528821.html?spm=a2700.galleryofferlist.normal_offer.d_title.5f8113a0tAcZfU
This is all LDR have, ball mill for grinding and crushing, the one on alibaba is higher capacity for only $19,618!!
LDR one is similar to below one's capacity which is only $8,917!!
https://www.alibaba.com/product-detail/Ball-Mill-Machines-Dry-Raw-Cement_1600819854325.html?spm=a2700.details.you_may_like.1.2c2166c1zctadK
It is pilot plant, not plant for commercial production, need be very careful.
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