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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 5ilverlining808on Aug 01, 2022 8:15am
210 Views
Post# 34863811

RE:Two Totally Separate Process Plants For Tungsten And Molly !

RE:Two Totally Separate Process Plants For Tungsten And Molly !I must say this was mentioned in this, but it was not clear to me until now :-

“We are also excited to formulate a robust mining plan so that this project will run alongside our tungsten mine simultaneously given that both can share the same existing mining infrastructure and the dramatic development cost savings it presents. Being LME traded, it is also pleasing to note the hedging and pricing transparency of molybdenum. We look forward continuing further exploration works to integrating the AKM Project into the Sangdong Tungsten Mine.”

https://almonty.com/2022/07/18/significant-maiden-molybdenum-resource-defined/

Mine lease zones map page 26 Fig. 4-3 from 2016 FS :-

https://almonty.com/wp-content/uploads/2019/06/Sangdong_FS_Jan16_V9.pdf

The "only over the hill" area is to the East which has a road leading to a valley flat area. Everything to the West goes up and up to 1,000 Metres.

So a dedicated Tungsten process plant means no more design changes or delays, and leaves more room for possible increases in production rates in the future.
A dedicated Molly process plant will look much the same as the Tungsten plant, with crushing, screening, stockplie, mills la la la.

Obviously this plan has been in the making for many years now.
Which now brings me back to the grey building ?
Dedicated for downstream long ago???


 
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