Image credit: NSL Consolidated ASX release
NSL Consolidated Limited has provided an update on the progress of its Phase Two Wet Beneficiation Plant, saying process optimisation results have exceeded expectations.
Image credit: NSL Consolidated ASX release
“Utilising very low grade waste ore feed to test the process boundary limits the Company has been able to exceed expectations, with full plant process beneficiating low grade iron ore waste from as low as 14% Fe feed regularly to in excess of 62% Fe and up to 65.3 % Fe,” NSL told the ASX.
It said the results put the company closer to achieving the targeted 58-52% Fe and showed there was potential upside to the expected plant production grades and as a result, sale prices.
“This potentially presents even further exciting commercial opportunities for the Company both in profitability and breadth of customer base,” reads NSL’s statement.
NLS also unveiled plans to commence to feed ROM material grading between 24-35% Fe in the coming week.
“Further to this, the Company expects sales of the wet beneficiation plant product to commence in February, with multiple customer discussions at the final stages.”
NSL said the positive optimisation results and imminent sales encouraged the company to commence the process of employing staff supervisors, plant operators, mobilising stockyard fleet with goal of ramping up of throughput and production to a 14-hour operation to meet expected production and financial targets in the coming months.
