• Refurbishment programme of Radio Hill metallurgical complex commences.
• Radio Hill will be refurbished as a cobalt/copper/nickel/zinc sulphide ore processing facility with a new gold recovery circuit.
• Provide multi-commodity processing facility for Artemis’ regional mines.
• Radio Hill is a fully permitted processing facility, and importantly has a fully permitted tailings storage facility on site.
• Stage 1 Upgrades planned for 500,000 tonne per annum processing capacity.
• Subsequent Stage 2 expansion planning to commence for a doubling in capacity to 1 million tonnes per annum.
David Lenigas, Artemis’s Executive Chairman, commented; “It is important that Artemis starts the work now to refurbish, upgrade and re-commission our Radio Hill plant so that we can prepare for production of gold, cobalt, copper, nickel, zinc and PGE’s from our growing resource base in the Karratha area. The addition of a state of the art and modern gold processing circuit will also enable us to consider large scale bulk sampling of the conglomerate gold projects. Even though we are producing positive cashflow from copper sales from our Whundo Copper mine near Radio Hill, the board is committed to moving Artemis towards becoming significant multi-metals production company as soon as possible.”
Artemis Resources Limited (“Artemis” or Artemis Resources Limited (“Artemis” or “the Company”) (ASX: ARV) announces it has appointed experienced Western Australian based process engineers, Trinol Pty Ltd, as lead project managers to re-establish and re-commission the Radio Hill plant and infrastructure as a modern, world class treatment facility for the processing of base metal and gold ores.
It is intended that the refurbishment works, which are expected to take about nine months to complete, will be principally funded by a special purpose loan facility designed to minimise the impact on Artemis’ current cash reserves. Artemis is already in discussions with a number of groups towards this goal.
The scope of the refurbishment is to fully update and upgrade the plant and support infrastructure to a modern and highly efficient processing facility. In addition to upgrading the crushing, grinding and floatation circuits, the plan is to install a new gold high recovery gold circuit capable of processing 500,000 tonnes per annum. Planning for a phase two expansion will also be undertaken to double the plant’s capacity in the near future.
Figure 1: Radio Hill (Ni/Cu/Co) Processing Plant – Karratha, Western Australia
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