
September 12, 2024
Antilles Gold Limited (“Antilles Gold” or the “Company”) (ASX: AAU, OTCQB: ANTMF) is pleased to advise that the metallurgical test work undertaken by BGRIMM Technology on the gold-arsenopyrite concentrate to be produced by the La Demajagua open pit mine in Cuba, has been completed.
BGRIMM, which is a leading Chinese engineering group specialising in the design and construction of roasters to oxidise refractory gold concentrate, carried out the test work over a 9 month period to demonstrate the technical viability and design parameters for a processing facility that will include a two-stage fluidised-bed roaster, an acid plant and CIL circuit to produce a gold doré, and a separate leach circuit to recover antimony from the gold-arsenopyrite concentrate before roasting.
BGRIMM’s report will be translated from Mandarin to English for inclusion in a new Scoping Study for the expanded La Demajagua project. A summary of recoveries and processing consumables has been provided in English. The attached Memorandum from JJ Metallurgical Services Inc dated 12 September 2024 describes the test work undertaken on the La Demajagua gold-arsenopyrite concentrate by BGRIMM Technology, the anticipated antimony and gold recoveries, and the estimated annual antimony production.
POTENTIAL ANNUAL ANTIMONY PRODUCTION (9 YEAR LoM) (refer Note 1 below)
- BGRIMM determined a 77.9% antimony recovery from alkaline leaching of the ~53,000tpa of gold-arsenopyrite concentrate with 4.9% antimony content expected to be produced after reverse flotation of the La Demajagua ore, which would yield ~2,028tpa of contained antimony in a precipitate
- ~2,758tpa of antimony is also expected to be contained in the ~5,900tpa of silver- gold-antimony concentrate produced by reverse flotation
Payables of 57% of the prevailing antimony price (currently ~US$26,000/t) have been offered for the combined antimony contained in a blended silver-gold-antimony concentrate delivered to a northern Chinese port.
Antimony is a critical mineral with widespread industrial and technological uses with supply constraints and growing demand. The price of antimony recently doubled after China announced future restrictions on exports of the strategic metal.
Click here for the full ASX Release
This article includes content from Antilles Gold, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
AAU:AU
Alert Options
No alert set
INN Article Notification
Alert Option
You will be notified when this event occurs. No additional settings needed.
The Conversation (0)
23 June 2024
Antilles Gold Limited
Developing Gold and Copper Projects in mineral‐rich Cuba
Developing Gold and Copper Projects in mineral‐rich Cuba Keep Reading...
17 February 2025
Antilles Gold to Raise $1.0M for Working Capital
Antilles Gold Limited (AAU:AU) has announced Antilles Gold to Raise $1.0M for Working CapitalDownload the PDF here. Keep Reading...
31 January 2025
Quarterly Activities/Appendix 5B Cash Flow Report
Antilles Gold Limited (AAU:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
12 January 2025
Summary of Pre-Feasibility Study for Nueva Sabana Mine
Antilles Gold Limited (AAU:AU) has announced Summary of Pre-Feasibility Study for Nueva Sabana MineDownload the PDF here. Keep Reading...
11 December 2024
Revision to Updated Scoping Study Nueva Sabana Mine, Cuba
Antilles Gold Limited (AAU:AU) has announced Revision to Updated Scoping Study Nueva Sabana Mine, CubaDownload the PDF here. Keep Reading...
1h
Gold Fields Secures Environmental Approval for Windfall Gold Project
Multinational miner Gold Fields (NYSE:GFI) has received environmental approval from the Quebec government to begin construction of its Windfall gold project in the Eeyou Istchee James Bay region, approximately 115 kilometers east of Lebel-sur-Quévillon by road.According to a Monday (November 2)... Keep Reading...
2h
Brien Lundin: Rising Debt and Currency Risks Could Drive Gold Higher
Brien Lundin says rising government debt and weaker currencies could help keep gold prices high over the long term, even as the market faces short-term ups and downs.Speaking at the New Orleans Investment Conference, Lundin, the editor of Gold Newsletter, said that although gold and silver have... Keep Reading...
02 November
Craig Hemke: Gold, Silver — Stack on Weakness, "Ultimate Game Changer" Ahead
Craig Hemke, publisher of TFMetalsReport.com, shares his perspective on recent declines in gold and silver, saying that while prices can still go lower, ultimately the math will work out in favor of precious metals and send them to much higher levels. "Gold's just gold. It just sits there.... Keep Reading...
02 November
Tavi Costa: Gold Price Takes a Hit — 3 Reasons Why, What's Next
Tavi Costa, CEO of Azuria Capital, weighs in on recent price declines in gold and silver, emphasizing that bottoming is a process that won't happen immediately. In his view, that setup makes the metals more appealing than copper, which has held onto its gains. "I think that the catch-up trade... Keep Reading...
02 November
Dana Samuelson: Gold, Silver Prices Drop — Next Support Levels to Watch
Last week silver and gold fell below US$50 per ounce and US$4,000 per ounce, respectively, and Dana Samuelson president of American Gold Exchange, believes the bottom may not yet be in. Speaking a day before those declines, he said lower prices are an economic signal to watch. Don't forget to... Keep Reading...
02 November
Prince Silver: Maiden Resource Estimate in 2027, Manganese Upside
In an interview with the Investing News Network at the New Orleans Investment Conference, Prince Silver (CSE:PRNC,OTCQX:PRNCF) CEO Derek Iwanaka said the company is targeting a maiden resource estimate for its flagship Prince silver project in Nevada, scheduled for early 2027. He also discussed... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00







