Wet Plant Commissioning Underway At Tasmanian Iron Ore Mine
Venture Minerals Limited (ASX: VMS) has kicked off commissioning of the Wet Screening Plant at its Riley Iron Ore Mine in Tasmania, Australia.
The equipment commissioning phase has now begun after various stages of the installation phase of the plant construction were completed.
The electrical installation and piping are near completion, and the Power Station is now operational.
As commissioning continues, previously mined ore will be put through the plant, as part of the process of ramping up towards steady state production to meet the target of first ore shipment this quarter.
Managing Director, Andrew Radonjic, said the company continues to prepare for full operational start-up as the plant nears completion. Venture will recommence mining activities this week with Launceston-based Shaw Contracting, whilst Qube began preparation for the commencement of ore haulage.
Mr Radonjic said iron ore prices continue to show strength with the outlook for the rest of the calendar year remaining positive due to continued demand generated by Chinese government infrastructure spending and ongoing supply concerns from Brazil.
“Venture’s Riley Development Team has successfully commenced commissioning of the plant,” Mr Radonjic said.
“Achieving this milestone of the installation schedule for the Plant, keeps the first iron ore shipment on track for this quarter.
“The recent record iron ore price makes it a perfect time for the Company to transform from explorer to producer.”
Venture Minerals is moving from explorer to producer with production at the Riley Iron Ore Mine in northwest Tasmania.
