Richland delays first sapphire sale from Aus mine
JOHANNESBURG (miningweekly.com) – Aim-listed Richland Resources will delay the first sale of sapphire from its Capricorn sapphire mine, in Australia, to the third quarter.
This was owing to reduced production, as a result of an intermittent electrical fault that had restricted processing recoveries in the first month of operations. The fault had been rectified.
Output, to date, was considered insufficient to warrant the start of the formal sight system for sapphires mined at Capricorn.
“At the end of June, we shall be able to showcase the first sapphires recovered from the Capricorn mine. We have taken the decision not to make the event a formal sight as the quantity of gemstones is not sufficient for the type of marketing profile we wish to build with customers.
“While it is disappointing, start-up issues like this form part of a rapid mine redevelopment process as we continue our start-up and ramp-up phase. However, I believe the best way to solve these issues is to identify and rectify them while in operation,” said Richland CEO Bernard Olivier.
Richland would instead hold a product display during the Hong Kong Jewellery show from June 25 to 28, to introduce the sapphires to potential sightholders and trade buyers, as well as to discuss downstream branding.
Material would also be made available for further testing and cutting by potential sightholders and other interested parties.
Meanwhile, the sapphire-bearing ore mined while the intermittent electrical fault was rectified, was stockpiled and processing of this material had recommenced.
This product would be sorted and graded in preparation for sale in the third quarter.
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