Lightron Announces Ore Grade Results Following Start of Molybdenum Pilot Production
Lightron, a specialized manufacturer of optical transceivers, has disclosed the grade analysis results of molybdenum ore (raw ore) from MOU Mine Changdae Gwangsan, which it is pursuing to acquire for the purpose of expanding new business.
Following the share sale agreement signed in September, Lightron and Geum Seokdu, CEO of MOU Mine Changdae Gwangsan, began full-scale pilot production in October. The highest-grade ore (raw ore) mined received a high-grade report card of Mo 15.55~17.30% from a domestic analysis institute on the 15th. It was also revealed that the submitted molybdenum ore samples contained Cu components ranging from 1.54% to 6.43%.
A representative of MOU Mine Changdae Gwangsan stated, “Following the evaluation by a domestic analysis institute, we have requested analysis from the Korea Mine Reclamation Corporation, and through evaluations by multiple institutions, we will confirm the high-grade ore.”
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After obtaining mining plan approval, Changdae Gwangsan has excavated approximately 400m of main and cross tunnels in the mining area, confirmed quartz veins containing molybdenum, and is selectively mining high-grade molybdenum ore. The mine installed a crushing facility with a daily capacity of 300 tons last year and conducted only mining operations, but since October, it has been focusing on preparing the beneficiation facility. The mine explained that over 70% of the process has been completed, with the final beneficiation line and permit procedures remaining.
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