During FY2024, the Crushing Plant processed 642,666 tonnes of Open Pit material, 9,333 tonnes of historic LGS material, produced 488,979 tonnes of Ore Sorter Plant feed for sorting, and 153,687 tonnes of fines material for the Gravity Plant. The operations are set to undergo significant transformational changes in the upcoming financial year, with the processing plants doubling their throughput. Most of the major equipment, ancillary structures, and supporting equipment from Sandvik for the Crushing Plant have been received on site with commissioning expected to start Q2 FY2025. The Queensland Critical Minerals and Battery Technology Fund has agreed to establish a A$20 million 3-year loan facility, including Tranche 1 of A$12m to double crushing capacity at to 2mtpa. See ASX Announcement 20th March 2024: ‘Mt Carbine receives additional equipment for doubling of throughput capacity’. XRT Ore Sorter Plant With the commencement of Open Pit ore deliveries, the operations have experienced a higher proportion of material in the sortable fraction, which is an overall benefit to the operation due to the low-cost nature of XRT Ore Sorting. Using the experience acquired while operating and sorting the LGS material, processing the primary ore from the Stage I Open Pit has increased mass yields ranging between 15-18%, with stable WO3 recoveries. Operating and Financial Review continued 36 EQ Resources Limited Annual Report 2024
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