Titan Minerals commences processing at Vista Gold Plant
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.
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.
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