PolyMet (TSE:POM,NYSE:PLM) announced that they have streamlined their metallurgical process at its NorthMet copper-nickel-precious metals project.
The press release is quoted as saying:
PolyMet now plans to build the project in two phases:Phase I: produce and market concentrates containing copper, nickel, cobalt and precious metals
Phase II: process the nickel concentrate through a single autoclave, resulting in production and sale of high grade copper concentrate, value added nickel-cobalt hydroxide, and precious metals precipitate products
Joe Scipioni, President and CEO of PolyMet, said:
“The changes to the project improve the overall economics of the project while reducing environmental impacts. The SDEIS will incorporate these changes and is anticipated to be competed this summer,