Inca One Resources (IO.V) has released an update on its recently acquired gold processing plant in Peru. The necessary upgrades have been completed and the commissioning of the 25 tpd CIL facility has started. This upgrade allows Inca One to add a second 25tpd module at a minimal cost later on.
Inca One’s next expected catalyst is to generate free cash flow through its producing Corizona mine and the processing plant in Peru’s Chala district. The Chala One mill could (and will) be used to treat the ore of surrounding small-scale artisanal miners which are mining high-grade ore but don’t have a state-of-the-art mill facility to maximize their recoveries.
The completion of its own processing facility is a major step forward for Inca One, and we are preparing to release a full update shortly.
> Click here to read the press release
Disclosure: The author holds a long position in Inca One Resources. Inca One is a sponsor of the website. Please see our disclaimer for current positions.
