London, England — MININGREVIEW.COM — 11 June 2009 – Braemore Resources Plc – an AIM-quoted company which aims to develop into a top 10 international nickel and platinum group metal producer – has commenced with the restructuring of its 3.2MW demonstration smelting facility to further reduce its operating costs.
In a statement released here the company said that, in addition, it was in discussions regarding funding to construct and commission the hydro-metallurgical refining process, designed to significantly uplift the value of the PGM product. This was achieved by separating the PGM’s from the base metals such as nickel, copper, cobalt and iron, thereby producing a high value PGM concentrate for direct processing at PGM refineries.
The furnace has successfully demonstrated the technology offering to the platinum industry, and has allowed Braemore to progress with the development of the hydro-metallurgical refining process. The refining process is key to ensuring the commercial viability of the demonstration facility within the current market environment of a strong South African rand and suppressed metal prices.
The statement went on to reveal that the 3.2MW demonstration furnace operation would remain temporarily halted during this period, while the company concentrated on restructuring the operation and focused on the construction of the refinery process. The reduced furnace throughput during this period was expected to be offset by the company’s ability to provide an extended process offering by both smelting and refining of PGM concentrates.
Braemore CEO Leon Coetzer commented: “Having demonstrated the success of the furnace technology, our focus now turns to the installation of the hydro-metallurgical refining plant. This broadened capability will enable Braemore to deliver a complete process offering to the PGM sector, and is a key part of the commercialisation of the company’s proven technology,” he added.