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Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

Almonty Industries Inc. is a Canada-based company, which is engaged in the mining, processing and shipping of tungsten concentrate, as well as the exploration and evaluation of its projects. The Company operates through four segments: Los Santos Mine, Panasquiera Mine, Valtreixal Project, and Woulfe. The Los Santos Mine is located in Spain whose operations relate to the exploration and mining of Tungsten. The Panasqueira Mine is located in Covilha Castelo Branco, Portugal, whose operations relate to the exploration and mining of tungsten, as well as the production of copper and tin concentrate by-products. The Valtreixal Project is located in Spain whose operations relate to the exploration and evaluation activities of the Valtreixal tin/tungsten project. Woulfe’s properties are located in Gangwon Province, Republic of Korea. The Woulfe's operations relate primarily to the exploration, evaluation and development of the Sangdong Project.


TSX:AII - Post by User

Comment by 1dollarinto2on Jul 19, 2023 11:09am
167 Views
Post# 35547976

RE:Revised Timeline?

RE:Revised Timeline?

I don't think it is a new revision.

In May, Lewis presented at the IIF and shared Almonty's current investor presentation. The timeline in that presentation shows Q2 2024 as construction complete and mining activities starting. The official timelines can be reviewed on slide 15 of investor presentation.

I believe Lewis has suggested construction could be complete before then with an earlier start to mining activities; however, in the presentation they have been conservative with their estimates.
 

I think when the current presentation was complete Almonty was still waiting on the final piece of the mill or some other long lead time equipment to arrive on site. The equipment is now on site so this could speed up construction a bit.

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