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."
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