Tri-Star Resources Plc - SPMP Operational Update

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No. 596/2014 until the release of this announcement
 

Tri-Star Resources plc ("Tri-Star" or the "Company")
SPMP Operational Update
 

Tri-Star (AIM: TSTR), the mining and minerals processing company, announces that it has received an operational update from Strategic & Precious Metals Processing LLC ("SPMP") in Oman, in which Tri-Star has a 40% shareholding.

The Company has been informed that liquid metal has been produced in the reduction furnace at SPMP’s antimony and gold facility.  However, due to a technical issue with the refractory lining it has not been possible to tap metal from the furnace. SPMP management is investigating possible improvements to the design which is expected to take several weeks to implement.
 

ENDS

Enquiries:

Tri-Star Resources plc
Karen O’Mahony, Acting CEO/ CFO                                                           Tel: [phone]

Tavistock Communications Ltd
Charles Vivian/ Gareth Tredway                                                                 Tel [phone]

SP Angel Corporate Finance (Nominated Adviser)
Robert Wooldridge/ Jeff Keating                                                                 Tel: [phone]

FinnCap Ltd (Broker)
Christopher Raggett/Scott Morrison/Camille Gochez                                    Tel: [phone]
 

Notes to the Editor
Tri-Star’s principal activities are in an antimony and gold production facility (the “SPMP Project” or the “Project”).
The SPMP Project is based in Sohar, Sultanate of Oman, and is being developed by Strategic & Precious Metals Processing LLC (“SPMP”), an Omani company in which Tri-Star has a 40% equity interest.
Tri-Star also has antimony exploration licenses in Canada which is held for its potential contribution of feedstock to the SPMP Project.

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