Oman Antimony Roaster Update

RNS Number : 1854P

Tri-Star Resources PLC

16 February 2016

 

16 February 2016

Tri-Star Resources plc

("Tri-Star" or the "Company")

Oman Antimony Roaster - Update

Tri-Star is pleased to announce that Strategic & Precious Metals Processing LLC ("SPMP") has entered into an EPCM Services Agreement for the Engineering, Procurement and Construction Management for its Oman Antimony Roaster project, located in the Port of Sohar Oman, with WorleyParsons Oman.

The text of SPMP's announcement of the award continues as follows:

"The planned schedule of work is for 18 months.  Commissioning of the world's first major antimony roaster outside of China in decades, designed to modern environmental standards, is due for September 2017.

This is a significant milestone for SPMP and its partners.

We all look forward to working with the WorleyParsons team in delivering this important facility for the world antimony market and also adding to the development of the minerals processing industry in Oman."

WorleyParsons is a major professional services company, listed on the Australian Stock Exchange which provides expertise in engineering, procurement and construction and offers a wide range of consulting and advisory services.  Headquartered in Sydney, WorleyParsons has some 35,000 staff worldwide and a current equity market capitalisation of c. £450 million.

Guy Eastaugh, CEO of Tri-Star said "This is an extremely important milestone for SPMP and we congratulate the management team for its achievement.  With WorleyParsons firmly on board as part of the construction team we look forward now to the build-out and development phase of this exciting project, which continues to be on track for commissioning by the end of 2017."

Enquiries:

Tri-Star Resources plc Guy Eastaugh, Chief Executive Officer	Tel: [phone]
SP Angel Corporate Finance (Nomad and Broker) Robert Wooldridge / Jeff Keating	Tel: [phone]

Yellow Jersey PR Limited (Media Relations) Dominic Barretto / Alistair de Kare-Silver

Tel: [phone]

 

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