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Tharisa outlines its Vision 2020 goals

The Vision 2020 projects include: the upgrade of the Genesis plant; PGM optimisation at the Voyager plant; and commissioning of the Vulcan and Apollo plants

Tharisa mine
The optimisation projects and new processing plants, together with improved mining grades, are expected to add 61.8k oz pa of PGMs and 602k tonnes pa of chrome concentrates to the Tharisa mine's annual production by 2020,

Dual-listed Tharisa PLC (LON:THS) reiterated its 2018 production guidance at a presentation made yesterday and today to media and analysts.

The company said in a stock market statement that its near-term focus will be on continued operational improvements and the commencement of its Vision 2020 projects.

The Vision 2020 projects, two of which – the Apollo chrome and platinum group metals (PGM) and Vulcan fine chrome recovery plants – are subject to feasibility studies, should ensure Tharisa delivers 5.9mln tonnes per annum of run-of-mine ore, 200,000 ounces per annum of PGM and 2.0mln tonnes per annum of chrome concentrates by 2020.

PDF file versions of management's Powerpoint presentations are available on the Tharisa web site.

Shares in Tharisa were up 3.4% at 142.1p in afternoon trading.

Quick facts: Tharisa PLC

Price: 108 GBX

LSE:THS
Market: LSE
Market Cap: £287.94 m
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