Eastinco Mining appoints Quiver to manage and operate Musasa project

 (EM.P ) said Quiver, a specialist mineral processing consultancy, will manage and operate the gravity separation wash plant on the Musasa project in western Rwanda.

The African-focused strategic metals exploration and mining company restarted operations at Musasa on 1 December 2021 following a six-month shutdown due to COVID 19 restrictions.

As a consultancy, Quiver, which provides advisory and consultancy services to the African mining sector, specialises in heavy mineral separation, such as tantalum, tin and tungsten.

Under the terms of the agreement, Quiver will provide a plant manager to the Musasa project who will be based on site to control and manage the daily operations around the wash plant. 

For a minimum of one week per month, a metallurgical consultant will be on-site to help develop short- and long-term process improvements and associated plant upgrade strategies to increase and optimise plant production, with material testing and analysis at approved labs.

Quiver was previously on site at the Musasa project earlier this year in May 2021. At the time, its visit resulted in several process flow changes as well as modification recommendations.

Additional capital equipment including the imported slurry pumps, is expected on site before month end, with Quiver mobilising to Musasa in the first week of December, to provide expertise and assist in the plant modifications, Eastinco explained to shareholders today. 

Speaking of Quiver’s consultancy services, Chairman of Eastinco Mining Charles Bray, commented: "Their experience and expertise in managing gravity separation wash plant operations is precisely what we need, and I am sure that their ability to monitor and identify potential areas for improvement and upgrading will bring positive benefits to the project.”

“Importantly,” he informed investors this morning, “a significant part of their mandate will be training the wash plant workforce, which will provide long term benefits to the Company as we pursue our goal of opening additional, similar size operations on our other Rwandan projects.”

Last week, Eastinco proposed to acquire a portfolio of 15 copper, silver and other base metal exploration projects that are “strategically positioned” close to existing projects in Morocco. 

The Group proposed to acquire the battery metals focused explorer Aterian Resources which owns a portfolio of highly prospective copper and silver projects totalling 824 km2 in Morocco.

Eastinco entered into a sale & purchase agreement (“SPA”) with AIM & TSX-V listed Altus Strategies Plc (“Altus”) and its wholly owned subsidiary Altus Exploration Management to acquire the entire issued capital of AME’s 100% owned subsidiary Aterian, on 21 November.

Eastinco said the market fundamentals for copper are “excellent” in regard to the anticipated growing demand for renewable energy and the related electrification of transportation globally.

Eastinco Mining & Exploration is an investment company established in 2012 to pursue the exploration, development, and trading of African industrial mineral assets. Eastinco is listed on the London Aquis exchange, with focus on tin, tungsten and tantalum mining in Africa.   

In June 2021, Eastinco said it had formally signed a new joint venture agreement with a Rwandan entity to expand its portfolio and strengthen its exploration holdings in the area. 

The Board said it continues to evaluate opportunities to grow its asset portfolio and further updates will be provided to the market should any of them progress. In April 2021, the Company stated that it has available cash and cash  equivalents of around US$0.325m.  

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