Mining company Atlantic has achieved first production at its wholly-owned Windimurra vanadium plant, and says it is continuing to work towards full production in early 2013.
Today’s milestone followed a market update on 30 December, which disclosed that the company would not achieve its target of first ferrovanadium production during 2011.
Managing director Michael Minosora said the completion of process commissioning at Windimurra demonstrated that Atlantic has the skills and expertise to bring a project of this magnitude into production.
“We are focused on production ramp-up from current opening levels towards production capacity over the next 15 months and I look forward to reporting on our progress,” he said.
The company has engaged specialist engineering groups to assist in the production ramp-up and with the remaining works already identified in the crushing, milling and beneficiation plant to improve its performance.
It said the balance of the vanadium plant is performing to expectation.
Atlantic also reaffirmed that its iron ore logistics chain is in place, and that subject to customer confirmation, first shipment from Geraldton Port is anticipated to take place during January.
The Windimurra plant is located near Mt Magnet in Western Australia.
It has a production capacity of 6,300 tonnes per annum of contained vanadium.
The company’s share price was steady today at $1.19.