Cradle Arc announces plan to upgrade Mowana processing plant
Source - SMW
Cradle Arc announced Wednesday that it has received an independent test report from SGS South Africa confirming the applicability of Dense Media Separation (DMS) for the Mowana Copper Mine in Botswana.
Following the results of the independent test report, the company said it would move forward with a development plan for the upgrades to the Mowana processing plant.
The independent test report showed a mass yield of 30-40%, and an expected copper recovery of in excess of 85% can be expected, while mill feed grades in excess of 2% can be expected, nearly double the current ROM.
Kevin van Wouw, CEO of Cradle Arc said: 'Our expectation that DMS upgrades should be deployed at Mowana has been confirmed by SGS's report.'
'We are now focused on working closely with our selected contractors to finalise the budget and implement the strategy to upgrade the processing plant.'
' We are confident that we can rapidly move the Mowana mine from operating at its current nameplate capacity capable of producing 12,000 tonnes Cu per annum, to operating at an improved capacity, that should enable copper production to increase to, potentially, more than 20,000 tonnes Cu per annum.'
'This is expected to dramatically improve cash flows and the net present value. We currently anticipate that we will complete the initial phase of DMS preparatory work within Q1 2018 and further updates will be provided in due course.'