RE:Sangdong Mine ExtensionMy take on that IMHO :-
$75 mil for the underground mine development and build out of the main APT process plant to initially supply Plansee/GTP with product.
Start at commissioning through-put at 640,000 tpa (or so) to be ramped up to 1.2 mil tpa, now that is through-put not product, as that is how process plants are rated generally and the feed rate comes first for raw ore in drescription of plant capacities.
This process might already incorporate the Moly circuit for the future addition as it can be done if planned out in advance, but still not sure unless I see a process flowsheet ???
$50 mil should be for the whole expansion including equipment and build out as I see it.
3,000 to 4,000 tpa might be the feed rate (but not sure), which is still a hell of a lot less than the main APT plant.
If it is the product rate, then WOW.and the $50 mil loan makes sence.as battery demand is very high right now.
Nano Tungsten Oxide product goes to LG and Samsung.
Metso/Outotec knows what equipment is needed once the parameters are set.
They will work with Almonty and the buyers to set this asap.
Process wise it is very similar to the APT plant, but on a much smaller scale if at the lower feed rate, but not limited to that.
Use a bit of Sangdong raw ore, add the waste from our other mines plus waste from local industries to the new "offshoot" process plant.
A new and smaller primary mill,then the process part which uses different chemicals, temperatures and cooking times in the soup to DIGEST (important word) then crystalise product to report to the ultra fine nano grinding mill.
Package and sell.$$$
I do pity the engineers and drafting teams working on the plan thinking that their job is done, only to be told "guess what people, there is a change of plan".
Been there and done that all my working life. ughh lol.
In that old 3D fly-over video, that grey building that was not mentioned behind the APT plant that I thougt would be used for the Moly circuit, well, now maybe this was earmarked off for this "offshoot" project long ago, and this was in the planning for a very very long time.
I'm stuffed if I know on most of this new news, so we will just have to wait and see, but of course at least we are very good at doing that lol.