Alufer Mining Limited has announced that operations are on track to produce the annual run rate of 5.5 million tonnes per annum in 2019 and logistics are working well from pit to port.
The team continues to streamline and optimise each part of the system and the transhipment process is also performing well with loading rates and barge cycle times running efficiently.
Management are now looking to the next phase of the project and have conducted preliminary engineering studies to evaluate the expansion to a 10mtpa operation. Initial economics from these studies are robust and indicate this would be a capital efficient way to optimise project capabilities. Detailed engineering studies are now proceeding to outline next steps and potential scale up requirements.
Bernie Pryor, CEO commented, “With the operational set up we have achieved to date, we are now looking to the next phase and analysing how we can create further value from the Bel Air project. I look forward to updating you on our progress with these studies in due course.”