Titan Minerals commences processing at Vista Gold Plant

By Justin Ware. Published at Feb 28, 2019, in Mining

Titan Minerals Limited (ASX:TTM) has completed wet commissioning of the Vista Gold Plant and Mill located in southern Peru.

The company is now completing operational tests during a 90 day period following the environmental approval received from the Direccion Regional De Energia Y Minas (or DREM).

Once the Vista Gold Plant is fully operational, TTM anticipates completion of a physical inspection by DREM in the coming weeks. The inspection is one of the final stages of the process to gain an Operator’s Permit (Concession of Benefit). Once this permit is received the plant will be fully permitted and licenced to commence commercial operation.

Vista Gold Plant

The Vista Gold Plant will have an initial capacity of 150 tpd and can generate up to 90 ounces of gold per day based on monthly average grades ranging from 17.5 g/t to 24.4 g/t gold as achieved in TTM’s previous production in 2018.

The plant has been permitted and designed to increase its capacity to 350 tonnes per day with minimal capital outlay, and can be upgraded when warranted by the supply of ore.

TTM maintains the experience gold processing and plant development team retained following the acquisition of Andina Resources Ld, with the highly experienced Peruvian team to operate the Vista Plant while bringing in depth processing knowledge.

The above team has a highly favourable reputation in the region to acquire high-grade ore from licenced artisanal miners.

With time the integrated process and exploration team intends to provide additional growth to Vista’s production profile by leveraging TTM’s presence and landholding within the >100km long Nazca-Ocona metallogenic belt.

TTM continues to assess and explore opportunities to advance its mine development strategy, and is actively advancing towards permitting of priority targets for 2019 drilling.

The Vista Gold Plant
The Vista Gold Plant

About Titan Minerals

TTM is the owner and operator of a copper and gold business in a well-established mining region of Southern Peru.

A centralised processing facility produces loaded carbon from a CIP gold circuit, with feed sourced from third parties previously averaging 17 to 24g/t gold head grades.

The company is evaluating additional projects within Peru for acquisition or joint venture potential, to provide additional, low cost gold and copper ore feed for existing processing facilities.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.