With only ethical mining of gold, manganese and cobalt and with cash from royalties, we generate a healthy cash flow for the realization of our vision: A sustainable world with a clean energy infrastructure.
Our operations in Peru will ensure a steady and reliable cash flow for Blackstone Resources going forward. This is thanks to our work in a gold refinery.
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.