Specialty Metals is forging ahead to bring its Mount Carbine tungsten project, around 120kms north west of Cairns, online.
The company expects product from the tailings retreatment by next quarter.
Several other developments were coming together said executive chairman Russell Krause.
“Speciality Metals has concluded the acquisition of the Mt Carbine Quarry and Mining Leases ML 4867 and ML 4919,” he said.
The quarry represented an important cash flow and Speciality metals will maintain its operations, Mr Krause said in a previous statement.
“The quarrying operations at Mt Carbine has transitioned smoothly from an operational and customer perspective following the 100 percent acquisition of Mt Carbine Quarries,” he said. “It is business as usual.”
The company had retained all operational staff previously employed by Mt Carbine Quarries to ensure that the Quarry’s product and service standards are maintained, Mr Krause said.
Specialty Metals has also entered into a joint venture with Cronimet Asia for the development of the tailings retreatment and stockpile projects.
“Cronimet’s Processing Engineer is currently at Mt Carbine overseeing and reviewing the agreed retreatment plant upgrades,” Mr Krause said.
“Orders have been placed for the specific pieces of new equipment which have longer delivery times. Most of this equipment is being sourced from offshore.
“Upgrades to electrical circuits have largely been completed. Various pumps and motors have been serviced or replaced and additional concrete work is currently being quoted.”