Xtract Resources Achieves Milestone in Morocco
Xtract Resources Plc has achieved a significant milestone by securing a ten-year, extendable mining license for its Amghas antimony project located in the northwestern region of Morocco. As announced in a recent press release, the company has already commenced the relocation of processing facilities to the site, marking a critical step in the development of this project. The company is actively moving its existing processing plant infrastructure from Casablanca to Amghas, which reflects its commitment to advancing this initiative.
Wildstone SARL, a company in which Xtract holds an 80% stake, has submitted the necessary documentation to obtain approval for the establishment of a heavy separation facility at the site. This facility is designed to process an impressive 70,000 tons of material annually and will initially focus on ore sourced from the Amghas mine as well as from local artisanal mining operations. The heavy separation facility represents the first phase of a larger planned central flotation plant that aims to process materials from Amghas, the adjacent Ighoud mine, and additional contributions from local small-scale miners.
The company has successfully completed a feasibility study and environmental impact assessment for the site, which included extensive exploratory work such as developing underground facilities, clearing tunnels and tracks, and conducting mapping and sampling programs. According to the company's statement, flotation tests using ore from Amghas have yielded concentrate grades of 65% antimony, showcasing the project's potential profitability and viability.
The heavy separation facility is equipped with various essential components, including feed devices, hoppers, conveyors, primary and secondary crushers, setting machines, shaking tables, a ball mill, and pumps, with a total capacity of 300 tons per day. Executive Chairman Colin Bird stated that the refurbishment efforts are nearing completion and that the heavy separation facility, with its substantial capacity of 70,000 tons per year, is approaching operational readiness. The company aims to achieve its first concentrate production and sales by the fourth quarter of 2026.
As reported by de.investing.com.
