Buzz Inc has commenced the $500,000 upgrade to its Lanna Project in Thailand. The Manganese Ore site will see new plant and equipment that will bring production capabilities to 25,000 mtu per month. As a result of this upgrade the company expects to make the first Mn Ore deliveries in March 2009. Previously deliveries were not planned before 2010.
The company is currently looking at several marketing options for the site production. Having the site operating at 25,000 mtu per month immediately will allow a more profitable marketing deal. Assay Reports have been requested by Glencore and Buzz Inc will be having a senior person with long history as a geologist within the international mining community prepare this documentation.
All sales have now been deferred until after the upgrade is complete. Buzz Inc holds approximately 40,000 mtu of Mn Ore and as mining will continue during the uprade expects to hold 70-80,000 mtu in processed and packed Mn Ore, this is inline with the deal on offer to Glencore.
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