Baar, 22 February 2018
Ladies and gentlemen,
The Board of Directors announces that our subsidiary in Huarmay in Peru, north of Lima will start its testing phase in April 2018.
The production is now fully funded, all inventory and the machinery are ordered and will be set up latest by May/June 2018.
We will start with a pilot plant in order to test the equipment and the various processes. It is foreseen that the capacity will be initially approx. 50 tonnes per day for the milling capacity and the operation will be breakeven.
We look forward to increase the production up to 350 to per day in very near future.
This will result than in a turnover of up to 5 Mio USD per month. It is expected that we will reach this target during next year.
The Board of Directors
Blackstone Resources is a Swiss Holding Company, with its legal domicile in Baar/Kt. Zug. It is active in acquiring and developing of licenses in mining and raw materials. Additionally, refineries for gold and silver production are set up, developed and managed. Also, participations in mining companies will be acquired. Blackstone concentrates its activities on primary commodities such as cobalt, manganese, gold and molybdenum.