SMAC to list on Toronto stock exchange
Queensland-based SMAC (Strategic:Mi nerals:Acid:Critical) Developments says that it plans to list on the Toronto Stock Exchange in December to raise $1.3 million to fund a final feasibility study. The company is attempting to develop sulphuric acid production in northern Queensland to supply local industries. The company plans to initially build a 180,000 t/a sulphur burning acid plant at a site at Cloncurry, followed by a second phase which would involve developing a pyrite roasting plant to generate 550-600,000 t/a of sulphuric acid.
