Tri-Star Resources says Oman project has placed first equipment order

9th Aug 2016 13:07

(ShareCast News) - Strategic & Precious Metals Processing (SPMP) - Tri-Star Resources' joint venture with the Oman Sovereign Wealth fund - has placed its first major equipment order, launching the Oman Antimony Roaster (OAR) project into the procurement and implementation phase.The AIM-listed independent mining and mineral processing company said this award will provide OAR with a modern metal oxide reduction technology. Of the three furnaces ordered, two are for antimony production and the third is for the recycling of calcines, to enable OAR to recover gold. This technology will allow OAR to operate in a clean and low emission manner, a key differentiator for antimony products to be produced from the OAR.Tri-Star has a 40% stake in the holding company that owns the project, along with the Oman Investment Fund and DNR Industries.At 1317 BST, Tri-Star shares were up 9.5% to 0.10p.