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Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

Almonty Industries Inc. is engaged in the mining, processing and shipping of tungsten concentrate from its Los Santos tungsten mine located near Salamanca, Spain, the processing and shipping of tungsten concentrate from its Panasqueira tin and tungsten mine in Covilha, Castelo Branco, Portugal, the evaluation of its Valtreixal tin and tungsten mine project located in Western Spain, as well as the evaluation and expected re-opening of its Sangdong tungsten mine project located in South Korea.


TSX:AII - Post by User

Post by 1dollarinto2on Apr 17, 2024 2:52pm
150 Views
Post# 35994370

Phase 1 to Phase 2 Development at Sangdong

Phase 1 to Phase 2 Development at SangdongRelated to the comment today, and mentioned previously, about having loads of ore already at the site from underground development.

In the ramp up from phase 1 to phase 2 production levels, can someone remind me if all of the work required for this doubling of production is underground or is there upgrades to the processing plant.

I think I recall a discussion that the processing plant already has ample capacity for the doubled production level but don't recall with certainty.

The reason I ask, and I understand that benefits of ramping up production in a methodical way thanks to past posts on this forum, but would it be possible to increase production, closer to phase 2 levels before the underground work for phase 2 is complete because of all of the ore already available on site?

Thanks for any input.

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