Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
US-backed Gaza aid group launches bold new system...
Biden doctor pleads the Fifth in speedy House...
Watchdog backs Rubio’s sanctions on UN official over...
Trump taps Sean Duffy to serve as interim...
Trump cautioned Putin he would ‘bomb the s—‘...
I worked for the most successful third party...
‘Gut check time’: Dissent among Senate GOP ranks...
New book reveals what Obama and ‘conqueror’ Trump...
Trump had very unexpected convo with Obama at...
10 reasons the DOJ and FBI face backlash...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Retraction of Forecast Financial Information Plus Announcement on New Metallurgical Testwork Results

by admin October 13, 2024
October 13, 2024
Retraction of Forecast Financial Information Plus Announcement on New Metallurgical Testwork Results

Antilles Gold Limited (“Antilles Gold” or the “Company”) (ASX Code: AAU, OTCQB: ANTMF) advises that an announcement lodged with ASX at 9:18am AEDT on 8 October 2024 included statements relating to antimony production targets that are non- compliant under listing rules 5.16, 5.17, and 5.19, and included forecast financial information derived from a production target.

By this announcement the Company hereby retracts the first two pages of the earlier announcement and the included non-compliant statements and forecasts, and advises investors not to make any investment decision based on this information.

The Company is also announcing new test work results for the proposed La Demajagua gold-silver-antimony open-pit mine in Cuba.

NEW METALLURGICAL TESTWORK RESULTS FOR LA DEMAJAGUA PROJECT

The attached Memorandum dated 2 October 2024 from Vancouver based consultants, JJ Metallurgical Services Inc, summarises past testwork results, and those recently received from Chinese engineering group, BGRIMM Technologies.Importantly, BGRIMM has indicated that leaching of the gold-arsenopyrite concentrate expected to be produced by the proposed La Demajagua gold-silver- antimony mine would recover 77.9% antimony from the concentrate and produce an antimony precipitate which contains 48% antimony content. Based on the test work data, it is expected that the production of 3,982tpa of a precipitate with 48% Sb (containing 1,911tpa antimony) will be realized from the 50,025 tpa gold-arsenopyrite concentrate containing 4.9% antimony.It is intended that the antimony precipitate will be blended with 5,558tpa of gold- silver-antimony concentrate grading 49.1g/t Au, 2,022g/t Ag, and 46.2% Sb (containing 2,568tpa antimony) that the consultant expects to be produced by reverse flotation of the La Demajagua ore at a mill throughput of 815,000 tpa containing 2.47 g/t gold, 26.2 g/t silver, 1.58% sulphur and 0.635% antimony. (Refer Scoping Study dated 30 March 2023 – all material assumptions underpinning this production target continue to apply and have not materially changed, in accordance with Listing Rule 5.19.)Testwork is continuing with specialists in Canada on the methodology of stabilising arsenic which would be generated if a concentrate roasting processing facility is added to the project, as is proposed, to produce a gold dore which would be much more valuable than the arsenic gold concentrate.When this information has been received, together with BGRIMM’s capital and operating cost estimates for the processing facility, a new Scoping Study will be undertaken for the expanded project, and is expected to demonstrate robust returns at conservative metal prices

COMMENT

Antilles Chairman, Brian Johnson said: “with improved supply-demand dynamics for antimony and a strengthening price environment, we are now rapidly advancing project development studies with the assistance of BGRIMM Technology Group and our Technical Consultants, and we look forward to delivering the Scoping Study for an expanded operation at La Demajagua. We are also engaging with a wider cohort of potential antimony buyers given the stronger demand and price environment for the strategic metal.”

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
Vladimir Putin meets with Iranian President Pezeshkian to celebrate ‘very close’ relationship
next post
When Biden-Harris abandoned American hostages, they desecrated the power of the blue passport

You may also like

Ex-OpenAI Leader Raises US$1 Billion for Safety-focused AI...

September 10, 2024

Brunswick Exploration

October 1, 2024

Prismo Metals Announces Closing of Debt Settlement

March 11, 2025

6 US Biofuel Stocks in 2025

March 7, 2025

Mawson Finland Begins 2025 Drill Program, Mobilizing Multiple...

January 15, 2025

Top 5 Canadian Cleantech Stocks of 2024

August 8, 2024

Grant of Mine Operating Permit

October 8, 2024

Riverside Resources and Fortuna Mining Progress with Phase...

February 5, 2025

NVIDIA Eyeing US$100 Million Investment in OpenAI’s US$100...

September 3, 2024

Silver Tiger Announces PFS With NPV of US$222M...

November 1, 2024

Recent Posts

  • US-backed Gaza aid group launches bold new system to deliver food directly to families
  • Biden doctor pleads the Fifth in speedy House closed-door interview
  • Watchdog backs Rubio’s sanctions on UN official over ‘shameful efforts’ targeting US, Israel
  • Trump taps Sean Duffy to serve as interim NASA chief
  • Trump cautioned Putin he would ‘bomb the s—‘ out of Moscow if Russia invaded Ukraine, new book claims

    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 (819)
    • Investing (2,497)
    • Politics (3,095)
    • 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.