Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) provided an update on the present status, development plan and updated budget for completing its high-purity alumina (HPA) production plant in Cap-Chat, Quebec.
As quoted in the press release:
HPA Facility – Status Update
Orbite’s High Purity Alumina plant in Cap-Chat, Quebec continued intermittent production at a capacity of less than 50 kg per day into the month of August. Operations were suspended in August and September to allow the Corporation to complete, on a permanent basis, the installation of the plant utility systems, notably the steam, process air, and waste water treatment systems. Intermittent operations resumed in October to allow the production of commercial (4N+) samples for shipment to prospective customers and the advancement of our product qualification program.
HPA Facility – Updated Budget
Revised Estimate (in thousands) Original Estimate (in thousands) Engineering and Project Management $2,076 $2,540 Material and Equipment, including Calcination System $16,015 *$15090 Labour $4,818 $6,660 Contingencies $3,436 $4,220 Critical Spare Parts & Specialty Tools $2,000 $2,500 Total $28,345 $31,010
* Increase in equipment cost reflects firm detailed bid received for calcinator and changes in foreign exchange rates since June.
HPA Facility Development Plan
The updated capital cost estimate provided above represents the investment required to achieve a production capacity of 3 tonnes per day. The requisite engineering analysis and incremental cost estimate to increase the total plant output to 5 tonnes per day is expected to be completed during the first half of 2014 and the incremental capital cost estimate is expected to be reported during the second half of 2014.