Great Western Mining Corp PLC on Tuesday updated investors on its Western Milling gold and silver processing project.
The mineral exploration and development company with gold, silver and copper assets in the US said groundwork at the mill site has resumed after severe weather caused delayed.
With improved conditions, concrete is currently being set and should be completed in the next few days.
When the concrete work has been completed, the team will assemble and install the mill plant and equipment.
Virtually all the equipment needed is now available and located close to the mill, the company said.
A permit to produce gold and silver from the mill has been filed with Nevada Department for Environmental Protection and is expected to have completed all the approval stages by August this year.
Once approval for the gravity plant has been secured, production operations will be permitted.
The mill will be suitable for processing new ore from shallow mining operations when available, and the wider area is rich in mining waste.
The mill’s end-product will be a gold and silver concentrate which will be sold in bulk to a refinery, with an expectation that approximately 90% of the final gold and silver value will be obtained.
Chair Brian Hall said: ‘This is a transformational move and an exciting time for Great Western, aimed at producing first revenues and funded directly by shareholders without recourse to any special financing arrangements.’
Shares in Great Western Mining fell 7.7% to 0.090 pence in London on Tuesday.
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