In the future, our operations in Peru will ensure a steady and reliable cashflow for Blackstone Resources due to our stake in a gold milling plant.
The mill is located in the picturesque coastal town of Huarmey, 230 kilometres north of Peru's capital Lima. The ore is purchased from 400 licensed miners, all located within 100 kilometres of the facility.
At present, we are running a pilot mill, prior to becoming fully operational in autumn 2021. During this crucial period, we will test the equipment and fine-tune our processes before bringing the larger main mill into operation.
Once the main mill is fully operational, we plan to increase production to 350 tonnes a day. This will deliver an approximately 23 grams of gold and 75 grams of silver per t, respectively.
Once fully operational Blackstone Resources, within one year, plans to install a second plant adjacent to the current milling facility. This facility will increase production by an additional 350 t/day, which will further increase our revenus.