FortyTwo Metals Inc. (a wholly owned subsidiary of Roca) has agreed to purchase a complete 1000 tpd mill and concentrator, and related equipment for the MAX Molybdenum Project.
The Van Stone Mill, located near Colville, Washington State, will be purchased for total consideration of US$325,000. The mill and equipment is well suited for use at the MAX Project and will significantly reduce capital costs, lead-time and engineering design requirements for the project. The rated capacity of the Van Stone mill is greater than the initial planned production at MAX and therefore provides a ready opportunity for possible future expansion of the project.
The well-maintained mill was originally built by ASARCO to process lead/zinc ore from the Van Stone Mine, most recently in 1993. It is located approximately 380 highway kilometres (230 miles) south of the MAX site. The Company plans to dismantle and move the mill, including; buildings, crushing, grinding and flotation circuits. Importantly, complete engineering drawings for the mill buildings and equipment will allow for rapid reconstruction at the MAX site.
An historical look at the Van Stone Mine, including a review of the mill and equipment is available at: http://www.dnr.wa.gov/geology/iaml/ic100.pdf