ACG Metals Ltd has introduced the completion of a scoping degree research on the firm’s Gediktepe mine in Türkiye. This can contain the development of a brand new comminution and Sulphidisation, Acidification, Recycling, and Thickening (SART) plant that may course of present stockpiles and enriched ore, each of which might in any other case be categorized as waste, to supply gold, silver, copper and zinc.
The Enriched Ore Remedy Undertaking is predicted to supply a further 57,000 t CuEq, over 2026-2030 with no influence on the prevailing oxide plant or development stage sulphide plant. The Enriched Ore Remedy Undertaking is predicted to ship engaging economics and at a low capital value to the corporate.
It’s estimated to generate a complete income of US$562 million, whole EBITDA of US$465 million, and whole free money circulate of US$317 million over the lifetime of the undertaking with manufacturing of 29,000 t copper, 71,000 oz gold, 1,894,000 oz silver and seven,000 t zinc by means of the lifetime of the undertaking.
The Enriched Ore Remedy Undertaking is predicted to be a two-phase undertaking beginning with Section 1, which can course of stockpiled ore from the unique development of the mine to supply gold and silver, concentrating on industrial manufacturing in This fall 2026 for instant money circulate. Section 2 will comply with later, processing enriched ore to broaden manufacturing to incorporate copper and zinc, with industrial operations focused by Q1 2029
The corporate has begun the allowing course of for the Enriched Ore Remedy Undertaking and it’s at present anticipated that will probably be acquired in 2026. Whereas ACG Metals says it has enough inside money assets to completely fund the Enriched Ore Remedy Undertaking, the corporate has launched a capital elevate “to present new and present institutional and retail traders a possibility to take part within the subsequent stage of the corporate’s development trajectory and to enhance liquidity within the firm.”
The online proceeds from the fundraise will half fund Section 1 growth capex and be utilised,
alongside inside money assets, to completely fund the US$39 million Enriched Ore Remedy Undertaking growth.
Artem Volynets, Chairman and Chief Govt Officer of the Firm, commented: “ACG continues to ship robust operational enhancements, with the Enriched Ore Remedy Undertaking representing one in every of our most vital developments. This undertaking, which allows the processing of fabric beforehand thought-about waste, showcases the ACG crew’s distinctive technical capabilities. With a comparatively small funding, we plan to realize excellent monetary returns – producing free money circulate eight instances the event capex required and including greater than $200 million to the corporate’s NAV. We’re pleased to share this huge worth creation with new traders who align with our imaginative and prescient of constructing a number one copper producer.”
In November 2024, the corporate introduced the Sulphide Growth Undertaking which can facilitate the mining and processing of sulphide ore along with the oxide ore at present being mined and processed on the Gediktepe mine. The processing of sulphide ore allows the corporate to transition right into a long-life, low-cost copper producer. It has made good progress in respect of the undertaking which stays properly inside its scheduled finances and milestones, with 58% of engineering design and draft, 56% of procurement and 27% of course of plant development accomplished. The undertaking is predicted to achieve full industrial manufacturing by the top of H1 2026.
The corporate’s technical crew has labored on a low-risk and low-cost plan to unlock worth from the estimated 3.3 Mt of beforehand mined stockpiled ore and un-mined enriched ore that was marked as waste within the authentic mine plan. The Enriched Ore Remedy Undertaking will use a confirmed technological resolution to unlock this worth. By means of the SART course of, cyanide is regenerated, enabling high-yield restoration of base and treasured metals from complicated ores unsuitable for flotation.
SART is a confirmed and dependable expertise with the primary industrial plant commissioned in 2007 to get well gold from copper enriched ores. The method has efficiently added further steel manufacturing streams, lowered prices and improved recoveries at these operations. There are over a dozen SART vegetation at present working globally, operated by among the largest mining corporations on the earth together with Newmont Company at Yanacocha and Torex Gold Sources Inc. at El Limón Guajes.
The Firm has begun the method of allowing the Enriched Ore Remedy Undertaking and it’s anticipated that full allowing can be acquired in 2026.
