Ormonde Mining

Tungsten project update – nearly there

  • Sectors : Resource
  • Companies : Ormonde Mining

Ratings and price correct at time of issue.

  • Ormonde Mining

    Closing Price: 4.2p

  • RATING 04/05/11

  • PREVIOUS RATING 30/06/09

    NEUTRAL

DAVY VIEW

We think the update is largely satisfactory, with the process plant – a crucial element of the operation – working as planned and delivering high grade concentrate. Initial mining – in a complex zone on the northern periphery – has delivered lower-than- anticipated grade. This will soon be rectified with a shift to a normal run of mine ore zones, which will in-turn deliver a fully specified product.

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May 23 2019, 08:45 IST/BST

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