Almonty Provides Sangdong Mine Construction Update
HIGHLIGHTS
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Further equipment arrived in
South Korea and at site at Sangdong including Protection screen and reclaim feeders shipments arrived. - Scalping works at the Processing Plant site completed, currently in the verification stage.
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Receipt of Fifth Drawdown from KfW IPEX-Bank of
US .$9.8 million
Equipment Shipment
In late June, the protection screen and reclaim feeders arrived at the new port of
We are expecting to receive grizzly screens and UFS Screens in coming weeks from
Engineering and Civil works
The detailed engineering plans for the areas of crushing and stockpiling have been completed, with scheduled line drawings of the grinding and classification section to be finalized soon.
Scalping works at the processing plant site are now complete and are currently in the verification stage.
Fifth KfW Loan Facility Drawdown
Almonty is pleased to announce that it has received a further
Mr. Lewis Black, President and CEO stated:
“June and July have been busy months at the Almonty Korea Tungsten Project, with the successful arrival of protection screen, reclaim feeders, following on from the arrival of the SAG and ball mill in June.
We are pleased to be drawing down funds from our lending partners KfW in-line with the project finance facility.
We are resolute in upholding the highest standards of safety, quality, and environmental responsibility, ensuring that every aspect of the project is executed with utmost care and precision.”
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For further information, please contact:
Lewis Black
Chairman, President and CEO
Telephone: +1 647 438-9766
Email: info@almonty.com
Source: Almonty Industries Inc.
