Tri-Star Resources Plc SPMP Project Update

 
TIDMTSTR 
 
Certain information contained in this announcement would have been deemed 
 inside information for the purposes of Article 7 of Regulation (EU) No. 596/ 
                  2014 until the release of this announcement 
 
                                                              30th October 2018 
 
             Tri-Star Resources plc ("Tri-Star" or the "Company") 
 
                              SPMP Project Update 
 
Tri-Star (AIM: TSTR), the mining and minerals processing company, is pleased to 
announce an update on the hot commissioning currently underway at Strategic & 
Precious Metals Processing LLC's ("SPMP's") antimony-gold processing facility 
in Oman, in which the Company has a 40%-shareholding. 
 
SPMP Update Summary: 
 
  * Feedstock has been passed through the furnace and has successfully produced 
    intermediate products, including: crude antimony trioxide ("CATO") and 
    impure antimony trioxide ("IATO") which contain 97% pure antimony; 
  * Hot commissioning of the plant continues with dry gas and wet gas 
    commissioning underway; 
  * We understand that the end of October first antimony date will not be met 
    however, we are working closely with the SPMP management team to gauge the 
    timing of first metal; 
  * Heating up the Tilting Rotary Furnaces also currently underway in order to 
    commission the antimony trioxide ("ATO") fuming and produce and the first 
    bag of pure ATO product; 
  * Successful meetings around the recent LME week has resulted in further 
    feedstock orders being secured. 
 
Karen O'Mahony, Acting Chief Executive Officer of Tri-Star, commented: 
 
"The board members of SPMP, which includes members of Tri-Star's Board, 
assembled for an update meeting on the 16th of October and were given a tour of 
the SPMP Project site in Sohar. The site visit revealed positive progress had 
been made on the various circuits of the plant and the members observed 
feedstock being processed." 
 
"While the delay in first metal is unfortunate, production ramp up always 
presents some issues and we are pleased with the progress that Steven Din and 
his team are making." 
 
Steven Din, CEO of SPMP, commented: 
 
"Hot commissioning is a systematic process and we are taking it one step at a 
time. As we resolve each of the challenges we encounter, we edge closer toward 
producing first metal and commercial production of antimony and gold. We are 
confident in the robust design of what is a unique process plant operating 
within the highest environmental standards." 
 
 
Enquiries: 
 
Tri-Star Resources plc 
Karen O'Mahony, Acting CEO/ CFO 
            Tel: +44 (0)20 7653 6291 
 
Tavistock Communications Ltd 
Charles Vivian/ Gareth Tredway 
            Tel +44 (0)20 7920 3150 
 
SP Angel Corporate Finance (Nominated Adviser) 
Robert Wooldridge/Jeff Keating 
            Tel: +44 (0)20 3470 0470 
 
FinnCap Ltd (Broker) 
Christopher Raggett/Camille Gochez 
            Tel: +44 (0)20 7220 0500 
 
 
Notes to the Editor 
 
Tri-Star's principal activities are in an antimony and gold production facility 
(the "SPMP Project" or the "Project"). 
 
The SPMP Project is based in Sohar, Sultanate of Oman, and is being developed 
by Strategic & Precious Metals Processing LLC ("SPMP"), an Omani company in 
which Tri-Star has a 40% equity interest. 
 
Tri-Star also has antimony exploration licenses in Canada and Turkey and a 
mining permit in Turkey which are held for their potential contribution of 
feedstock to the SPMP Project. 
 
 
 
END

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October 30, 2018 07:01 ET (11:01 GMT)

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