The Smartest Investors Club
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Smartest Investors Club

Investing

Testing Confirms Potential for Significant Antimony Production from the La Demajagua Gold-Silver-Antimony Mine, Cuba

by September 13, 2024
September 13, 2024
Testing Confirms Potential for Significant Antimony Production from the La Demajagua Gold-Silver-Antimony Mine, Cuba

Antilles Gold Limited (“Antilles Gold” or the “Company”) (ASX: AAU, OTCQB: ANTMF) is pleased to advise that the metallurgical test work undertaken by BGRIMM Technology on the gold-arsenopyrite concentrate to be produced by the La Demajagua open pit mine in Cuba, has been completed.

BGRIMM, which is a leading Chinese engineering group specialising in the design and construction of roasters to oxidise refractory gold concentrate, carried out the test work over a 9 month period to demonstrate the technical viability and design parameters for a processing facility that will include a two-stage fluidised-bed roaster, an acid plant and CIL circuit to produce a gold doré, and a separate leach circuit to recover antimony from the gold-arsenopyrite concentrate before roasting.

BGRIMM’s report will be translated from Mandarin to English for inclusion in a new Scoping Study for the expanded La Demajagua project. A summary of recoveries and processing consumables has been provided in English. The attached Memorandum from JJ Metallurgical Services Inc dated 12 September 2024 describes the test work undertaken on the La Demajagua gold-arsenopyrite concentrate by BGRIMM Technology, the anticipated antimony and gold recoveries, and the estimated annual antimony production.

POTENTIAL ANNUAL ANTIMONY PRODUCTION (9 YEAR LoM) (refer Note 1 below)

BGRIMM determined a 77.9% antimony recovery from alkaline leaching of the ~53,000tpa of gold-arsenopyrite concentrate with 4.9% antimony content expected to be produced after reverse flotation of the La Demajagua ore, which would yield ~2,028tpa of contained antimony in a precipitate~2,758tpa of antimony is also expected to be contained in the ~5,900tpa of silver- gold-antimony concentrate produced by reverse flotation

Payables of 57% of the prevailing antimony price (currently ~US$26,000/t) have been offered for the combined antimony contained in a blended silver-gold-antimony concentrate delivered to a northern Chinese port.

Antimony is a critical mineral with widespread industrial and technological uses with supply constraints and growing demand. The price of antimony recently doubled after China announced future restrictions on exports of the strategic metal.

Click here for the full ASX Release

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
House GOP rolling out bill to block China from accessing US ports
next post
Trump campaign declares ‘clear victory’ in Harris debate

You may also like

Extension of Option to Acquire Major Nickel Asset

Which Lithium Juniors Have Supply Deals With EV...

Charbone Hydrogene annonce les resultats financiers 2024

Troy Minerals Announces Arrangements to Address Mailing of...

RecycLiCo Battery Materials

Las Alteras Project Presentation – April 2024

Radiopharm Theranostics

Option to Acquire Niobium/REE Project in British Columbia,...

Cardiol Therapeutics Announces Completion of the MAvERIC Phase...

BHP and Rio Tinto Join Forces to Test...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Crypto Market Recap: Bitcoin Breaks US$100,000 as ETF Inflows Rise, Coinbase Makes...

    • 7 Copper ETFs and ETNs

    • Trump’s tax hike proposal is ‘déjà vu’ of George H. W. Bush’s ‘read my lips’ moment, experts say

    • Pope Francis-era deal with Chinese Communist Party again under scrutiny as Pope Leo takes the reins

    • Diver dies in preliminary operations to recover tech tycoon’s sunken superyacht

    Categories

    • Business (1,633)
    • Investing (4,794)
    • Politics (7,543)
    • World (6,131)
    • Terms & Conditions
    • Privacy Policy
    • About us

    Disclaimer: thesmartestinvestorsclub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 thesmartestinvestorsclub.com | All Rights Reserved


    Back To Top