In an interim results statement covering the first half of 2018, the company hailed a number of significant advancements in the development of the mine (see Proactive Investors news item, below).
Half-year turnover was unchanged at €375,000 while the loss for the period widened to €73,000 from €12,000 the year before.
"The year to date has seen significant advancements for Ormonde, as the Barruecopardo Tungsten Project has progressed through its construction phase and into the important commissioning phase, which commenced in August 2018. This key milestone was achieved on budget and materially in line with the Project's construction schedule,” said Mike Donoghue, Ormonde’s chairman and interim managing director.
"The focus over the coming period will be on the completion of construction and commissioning of the plant, in tandem with work surrounding updates to the mining schedule and operational budgets for the initial year of mining ahead of the project entering its production phase in the first quarter of 2019," he added.