Strategic & Precious Metals Processing's (SPMP) antimony and gold processing facility in Sohar, Oman, has produced its first commercial grade 99.65% antimony metal and has met keen interest from potential buyers looking to diversify their supply sources, parent company Tri-Star Resources said on Tuesday November 19.
The producer is now focused on achieving full-scale commercial production and is targeting a production capacity of 20,000 tonnes per year of antimony metal and antimony trioxide (ATO) when fully ramped up. "SPMP is confident that it will be able to reach 50% of capacity by mid-2020 and 100% of capacity by the end of 2020, subject to the successful completion of the current financing round," the parent company said. Tri-Star, which has a 40% equity interest in SPMP, said SPMP has reached an agreement - subject to contract - for the supply of...