Scottsdale mining company El Capitan Precious Metals Inc. said last week it is collaborating with Texas-based Logistica US for precious metal refining at a New Mexico mine and continuing their agreement to sell construction-targeted iron ore.
Under the newly drafted plan, El Capitan will achieve its goal of reallocating its resources to focus on day-to-day mining operations, including ore separation, processing and remediation, leaving administrative matters to Logistica.
The new agreement is the result of a good match between the needs of El Capitan as a mine operator and the capabilities of Logistica.
With Logistica providing services for transportation including trucking, overseas shipping, refining and international regulatory compliance, El Capitan has the ability to process precious metal concentrates, utilizing the company’s on-site, state-of-the-art AuraSource technology, which separates hematite and magnetite from other ores.
“Logistica has proven to be a reliable and valuable partner and we are pleased to have the opportunity to expand and strengthen our relationship with a company that is a leader in its field and complements our needs so completely,” El Capitan Chairman John Stapleton said.
El Capitan President and CEO Chuck Mottley said the contract will allow the company to increase delivery quantities for sale on the open market.