viewAusmex Mining Group Ltd

Ausmex Mining engages Como Engineers to advise on gold processing options

Como Engineers has experience with designing and constructing gold processing plants, including the plant operated by Round Oak Minerals at the Great Australia Mine at Cloncurry.

Ausmex Mining Group Ltd - Ausmex Mining Group engages Como Engineers to advice on gold processing at Cloncurry facilities
Information will be used for AMG’s scoping study for the development of Mt Freda and Golden Mile

Ausmex Mining Group Ltd (ASX:AMG) has engaged Como Engineers to advise on gold processing of ores from the company’s Mt Freda and Golden Mile projects around Cloncurry in Queensland.

Como is an experienced company with expertise in consulting, designing, managing and constructing gold processing plants.

This company designed and constructed the CIP processing plant at the operating Great Australia Mine (GAM) for Round Oak Minerals at Cloncurry.

The scope of work for the Ausmex task involves evaluating the Round Oak ore handling, crushing and processing plant as well as operation of the ore handling and CIP plant at other Cloncurry ore processing facilities based on the particulars of AMG’s ore types.

Ausmex said the work was progressing well, on schedule and on budget with completion targeted for mid to late May.

The results of the work by Como will form a vital section of AMG’s internal scoping study for the development of Mt Freda and Golden Mile leases this year.

Assistance in scoping study

Director and COO Geoff Kidd said: “We have been liaising closely with Como for several months and were very pleased to be able to retain them to provide us with input to our scoping study.

“Como’s intimate knowledge of the GAM plant, plus their experience with gold processing in Cloncurry will provide a high level of confidence in their conclusions and recommendations.

“We meet with Como electronically on a weekly basis with numerous emailed exchanges in between and the work is proceeding smoothly such that I think both companies will be pleased with the result, which will then form a sound and vital component of our scoping study.

“The Golden Mile is a JV between Ausmex (80%) and Round Oak Minerals (20%).

“Under the JV terms, there is a binding agreement to process all ore from the Golden Mile at the Great Australia Mine ore processing facility.”

Alliance with ActivEX

The company also recently formed a strategic alliance with ActivEXLimited (ASX:AIV) to identify and acquire old ore processing facilities in Cloncurry, Queensland.

A non-binding heads of agreement will provide the opportunity for both companies to share their in-house expertise and potentially partner in long-term gold production.

Ausmex is developing a Cloncurry Mining Hub centred on the Mt Freda Complex while ActivEX is an explorer with a suite of prospective gold and copper projects in Queensland, including several projects within proximity to Cloncurry.

Quick facts: Ausmex Mining Group Ltd

Price: 0.06 AUD

Market: ASX
Market Cap: $32.85 m

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