Mineral Commodities Ltd (AX:MRC) plans to complete its Tormin plant optimisation in July 2016. It is expected to increase heavy mineral (HM) recoveries and produce higher-grade, higher value-add products and result in additional production capacity and enhanced operating flexibility. MRC will be able to capitalise on its expanded exploration programme for high-grade resources in the region.
Completion of plant optimisation to lift capacity
The commissioning of the Garnet Stripping Plant (GSP) in early July 2016 will complete a programme of process plant optimisation at Tormin. It will increase the production profile and product value and substantially increase HM recoveries. Over the period CY15-17, we forecast an increase in run of mine (ROM) ore treatment from 1.6 Mtpa to 2.2Mtpa, an increase in contained zircon production from 32,000tpa to 52,000tpa (>60% growth) and an increase in rutile production from 6,000tpa to 9,000tpa (c 50% growth). We also factor in a gradual increase in ilmenite and garnet concentrate sales after a period of stock building. The plant upgrades provide potential spare capacity and the flexibility to operate at different feed grades.
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