Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Flashback: Top five wildest moments from Elon Musk’s...
Less than half of DOGE-terminated contracts can be...
Jill Biden should have to answer for ‘cover...
DOGE staffing shakeup as Elon Musk hangs up...
State Dept says DOGE’s changes will be permanent...
President Trump teases ‘last day, but not really’...
Trump denounces court’s ‘political’ tariff decision, calls on...
I’m a physician and I’m worried that our...
Inside the late-night drama that led to Trump’s...
Alleged attempt to impersonate White House chief of...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Testing Confirms Potential for Significant Antimony Production from the La Demajagua Gold-Silver-Antimony Mine, Cuba

by admin September 13, 2024
September 13, 2024
Testing Confirms Potential for Significant Antimony Production from the La Demajagua Gold-Silver-Antimony Mine, Cuba

Antilles Gold Limited (“Antilles Gold” or the “Company”) (ASX: AAU, OTCQB: ANTMF) is pleased to advise that the metallurgical test work undertaken by BGRIMM Technology on the gold-arsenopyrite concentrate to be produced by the La Demajagua open pit mine in Cuba, has been completed.

BGRIMM, which is a leading Chinese engineering group specialising in the design and construction of roasters to oxidise refractory gold concentrate, carried out the test work over a 9 month period to demonstrate the technical viability and design parameters for a processing facility that will include a two-stage fluidised-bed roaster, an acid plant and CIL circuit to produce a gold doré, and a separate leach circuit to recover antimony from the gold-arsenopyrite concentrate before roasting.

BGRIMM’s report will be translated from Mandarin to English for inclusion in a new Scoping Study for the expanded La Demajagua project. A summary of recoveries and processing consumables has been provided in English. The attached Memorandum from JJ Metallurgical Services Inc dated 12 September 2024 describes the test work undertaken on the La Demajagua gold-arsenopyrite concentrate by BGRIMM Technology, the anticipated antimony and gold recoveries, and the estimated annual antimony production.

POTENTIAL ANNUAL ANTIMONY PRODUCTION (9 YEAR LoM) (refer Note 1 below)

BGRIMM determined a 77.9% antimony recovery from alkaline leaching of the ~53,000tpa of gold-arsenopyrite concentrate with 4.9% antimony content expected to be produced after reverse flotation of the La Demajagua ore, which would yield ~2,028tpa of contained antimony in a precipitate~2,758tpa of antimony is also expected to be contained in the ~5,900tpa of silver- gold-antimony concentrate produced by reverse flotation

Payables of 57% of the prevailing antimony price (currently ~US$26,000/t) have been offered for the combined antimony contained in a blended silver-gold-antimony concentrate delivered to a northern Chinese port.

Antimony is a critical mineral with widespread industrial and technological uses with supply constraints and growing demand. The price of antimony recently doubled after China announced future restrictions on exports of the strategic metal.

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
Galloper Gold Commences Diamond Drilling at Glover Island
next post
What is an Offtake Agreement? (Updated 2024)

You may also like

WGC: Gold Demand Hits Q3 Record as Western...

October 31, 2024

New Seismic Studies Upgrade Raya Prospect

August 19, 2024

Opawica Explorations Commences Drill Program at its Bazooka...

February 20, 2025

Critical Metals Corp. Enters Into Share Subscription Facility...

January 22, 2025

Multiple Uranium Anomalies Identified at Key NT Projects

May 15, 2025

CoTec Holdings: Innovating the Future of Resource Extraction

February 12, 2025

Altech – Entitlement Offer & Share Placement to...

August 7, 2024

NOVONIX Signs Synthetic Graphite Offtake Deal with Volkswagen’s...

November 28, 2024

Freegold Intersects 2.72 g/t Au over 139.9 metres...

January 21, 2025

Joe Cavatoni: Gold’s Next Price Catalyst After Record...

July 24, 2024

Recent Posts

  • Flashback: Top five wildest moments from Elon Musk’s DOGE tenure as it comes to an end
  • Less than half of DOGE-terminated contracts can be publicly tracked, only about a quarter of grants: watchdog
  • Jill Biden should have to answer for ‘cover up’ of former president’s decline, White House says
  • DOGE staffing shakeup as Elon Musk hangs up his hat, White House confirms
  • State Dept says DOGE’s changes will be permanent amid Musk’s departure

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (751)
    • Investing (2,211)
    • Politics (2,729)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.