Tri-Star Resources plc provided an update on its antimony-gold processing facility in the Port of Sohar Free Zone located in the Sultanate of Oman. It has a targeted capacity to produce in excess of 50,000 oz. of gold and 20,000 tonnes in combined antimony metal and antimony trioxide (ATO) per annum. The facility is operated by Strategic & Precious Metals Processing LLC in which company holds a 40% equity interest; other joint venture partners in SPMP include the Oman Investment Fund (OIF) (40% equity holder) and DNR Industries Limited, part of Dutco Group in Dubai (20% equity holder). SPMP has produced antimony metal at in excess of the world standard commercial grade of 99.65% and is now focused on moving swiftly to full-scale commercial production. To this end, it is confident that it will be able to reach 50% of capacity by mid-2020 and 100% of capacity by the end of 2020, subject to the successful completion of the current financing round, which will also secure the necessary working capital finance. Additionally, it is producing marketable levels of gold dore at a grade of in excess of 25%, up from 5% in October 2019, which it has commenced selling. SPMP has reached an agreement, subject to contract, for the supply of approximately one third of the feedstock required for 2020 and is in discussions with other suppliers for the balance. SPMP is confident that now the plant’s technology has been proven and as production begins to ramp up supply contracts on appropriate terms will be reached. SPMP has received expressions of interest from potential customers equal to almost double the annual combined output of 20,000 tonnes of antimony metal and antimony trioxide. Accordingly, SPMP has confidence that there will be high demand for its antimony output as customers wish to diversify away from their reliance on the currently dominant Chinese suppliers of antimony and antimony trioxide. Discussions relating to the financing of SPMP are progressing and the market will be updated as these are concluded. It is expected that the financing, once completed, will be sufficient for SPMP to move to full production and sustainable positive operating cash flow.