Australia Minerals and Mining Group appoints consultants

THE BOURSE WHISPERER: Australia Minerals and Mining Group (ASX: AKA) has appointed specialist process consultants to produce commercial samples of the company’s high-purity alumina (HPA) product.

The specialist team will also conduct test work to optimise AMMG’s process flow sheet.

AMMG explained that batch optimisation test work is required to allow it to confirm specific process conditions and to identify areas of possible economic optimisation.

In anticipation of the batch optimisation tests being successful, AMMG indicated it would then work with its consultants on a larger bulk program producing commercial HPA samples with 99.99 per cent (4N) purity for international despatch.

AMMG described its consultants as being highly qualified process operators, who bring with them experience in process plant implementation and optimisation, and project management and financial analysis.

“We are confident that, upon successful testing of our HPA sample, customers will be satisfied with the quality and characteristics of our unique 4N product, which may lead to the successful negotiation of a potential off-take contract,” AMMG managing director Ric Dawson said in the company’s announcement to the Australian Securities Exchange.

AMMG said it is currently in discussions with regards to a potential continuous trial process testing program.

The company said this could involve the production of greater quantities of HPA and demonstrate and de-risk the continuous nature of its process as the company moves forward with the design and funding of the processing plant.

AMMG also reported it is reviewing and pursuing a number of funding proposals containing varying finance structures for its proposed HPA commercialisation project.