Korean Recycling Plant Commissioning Update (5470A)

TIDMZOX

RNS Number : 5470A

ZincOx Resources PLC

02 April 2012

 
Date:      2 April 2012 
On behalf  ZincOx Resources plc ('ZincOx') 
 of: 
Embargoed  0700hrs 
 until: 
 

ZincOx Resources plc

Korean Recycling Plant Commissioning Update

ZincOx Resources plc, which specialises in the recovery of zinc concentrate from steel industry waste, announces that its wholly owned Korean Recycling Plant is in the final stages of commissioning and is confident that the plant will be operational within two weeks, narrowly outside of the original schedule set 18 months ago.

For the purposes of commissioning, the plant has been divided into two zones. Zone 1 includes EAFD unloading, coal pulverization, binder preparation, briquetting, drying and screening. Commissioning of Zone 1 is complete and briquettes have been tested in the plant's laboratory. These tests have shown that the briquettes are of excellent quality and after heating demonstrated high zinc removal and iron metallisation. Over 600 tonnes of briquettes have been produced and are waiting to feed the furnace.

Zone 2 includes the rotary hearth furnace ("RHF"), gas handling system and hot briquetting tower. The RHF has been operated in a cold state with good briquette loading and discharge and is ready for production. The gas handling system which has undergone its final testing of emergency systems, is ready for operation. The hot briquetting tower is awaiting hot DRI for final commissioning. The burners on the RHF are being tuned and then the furnace will be gradually heated up over a two day period, ahead of the commencement of production.

All staff for the operation have been recruited and trained.

Commenting on the announcement, Andrew Woollett, ZincOx's Chairman, said:

"We set ourselves an ambitious development schedule when we started this project 18 months ago so notwithstanding the very fast track approach taken in this development, I am delighted to report that the project has, to date, been developed within budget and without a single lost time injury. I look forward to reporting the start of production within a fortnight."

Enquiries:

 
ZincOx Resources plc                 Tel: [phone] 
                                      450 100 
Andrew Woollett, Executive Chairman 
 
Peel Hunt LLP (Nominated Adviser     Tel: [phone] 
 and Joint Broker)                    8900 
Richard Kauffer 
 Daniel Harris 
finnCap Limited (Joint Broker)       Tel: [phone] 
 Matthew Robinson                     0500 
 Joanna Weaving 
Tavistock Communications             Tel: [phone] 
                                      3150 
Paul Youens 
 Simon Hudson 
 Lydia Eades 
 

This information is provided by RNS

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