- Silver Bullet Mines (SBMI) has issued an update on construction of its modular pilot plant in Arizona
- The plant’s modular design makes it capable of being expanded in size and modified as required
- Once completed, the plant is expected to process up to 125 metric tonnes of material per day
- Currently over 90 per cent of the necessary equipment is onsite and being assembled
- The plant is being constructed in proximity to the company’s Buckeye Silver Mine
- Silver Bullet Mines is up 3.23 per cent, trading at $0.32 at 10:39 a.m. EST
Silver Bullet Mines (SBMI) has issued an update on the construction of its modular pilot plant in Arizona.
Once completed, the plant is expected to process up to 125 metric tonnes of material per day.
The plant’s modular design makes it capable of being expanded in size and modified as required.
The plant is being constructed on SBMI-owned private property approximately eight miles from Globe, Arizona and in proximity to the Ontario-based company’s Buckeye Silver Mine.
The plant is designed to maximize the recovery of both gold and silver, although its modular nature means it can be adjusted to recover other metals.
Currently over 90 per cent of the necessary equipment is onsite and being assembled. The remainder is in a container in Long Beach, California waiting to be off-loaded, on a timeline beyond the company’s control.
“The leadership team at SBMI has a substantial equity position so we like all shareholders are thrilled to see the plant be built as designed. Despite ongoing supply chain issues and exorbitant material and transportation cost increases, we remain on track to start commissioning in the first quarter of 2022. In anticipation of that commissioning, the Company has approximately 1000 tonnes of material already stockpiled for feed,” said CEO A. John Carter.
Silver Bullet Mines is up 3.23 per cent, trading at $0.32 at 10:39 a.m. EST.