Tri-Star Resources has narrowed its H1 pretax loss to £0.9m, from a loss of £1.6m.
"Activity during the first half has focussed on the continued development of the Oman Antimony Roaster Project ("OAR").
"The OAR is being developed by Strategic & Precious Metals Processing LLC ("SPMP"), an Omani company. The OAR is being built by SPMP in Sohar, Oman. Tri-Star has a 40% interest in SPMP.
"The OAR has continued to show good progress in 2016. SPMP's most notable developments announced to date include: the strengthening of its management team, confirmation that the project is now entering the procurement and implementation phase, and the strategically important and exciting inclusion of a revenue-enhancing gold plant within the overall specification for the facility.
"Tri-Star will continue to keep the market updated with developments in relation to this crucial project."