TORONTO, Oct. 21, 2013 /PRNewswire/ — Trio Resources, Inc. (“Trio” or the “Company”) (OTCBB: TRII; www.trioresources.com) is pleased to announce that it has begun the process of automating the mill that it will house at its headquarters at the Company’s Duncan-Kerr Property in Cobalt, Ontario. Once the mill is installed, the Company will be able to process stockpiles of mineralized material in house. Trio anticipates that the mill, which can process 100 tons a day at full capacity, will be operational by the end of 2013.
The mill is being automated by Milestone Automation of Mississauga, Ontario. The automation will allow for off-site monitoring and troubleshooting. After the automation process is complete, the mill will be relocated to the Cobalt location to be put into production and the Company will train its personnel in production procedures.
“We are excited to begin the automation process, which brings us one step closer to our goal of processing our stockpiles in house,” stated Duncan Reid, CEO of Trio Resources, Inc. “By taking the processing functions in house, we will retain greater control over our future and increase the value we capture from our above-ground mineralized materials. Overall, we are pleased with the direction the Company is heading in and look forward to updating all key stakeholders as Trio reaches new milestones.”
About Trio Resources, Inc.
Trio Resources, Inc. is an exploration and small-scale processing company, which plans to focus on the exploration and milling of mineralized materials located in historically prolific regions. Trio is organized to hold assets in the mining industry, targeting older mining camps with residual value. Trio’s intention is to conduct an exploration program, in conjunction with milling initiatives to monetize its existing above-ground mineralized material on-site, with the purpose of being cash-flow positive primarily through milling and marketing mineralized material and concentrate to refiners. For more information, please visit http://www.trioresources.com/.
Cautionary Note Regarding Forward-Looking Statements:
This Press Release contains forward-looking statements. Such statements may include, but are not limited to, information related to: our plans and objectives; anticipated operations and operating results; potential exploration and exploration results; relationships with refiners, purchasers and off-takers; demand for mineralized materials; financial resources and condition; anticipated sales, revenues and profitability; build-out of our mill and milling capacity; changes in accounting treatment; cost of sales; selling, general and administrative expenses; interest expense; the ability to produce the liquidity or enter into agreements to acquire the capital necessary to continue our operations and take advantage of opportunities; legal proceedings and claims. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “plans,” “intends,” “anticipates,” “believes,” “seeks,” “could,” “estimates,” “expects,” “intends,” “may,” “potential,” “predicts,” “projects,” “should,” “would” and similar expressions intended to identify forward-looking statements. Forward-looking statements reflect our current views with respect to future events and are based on assumptions and subject to risks and uncertainties. These risks and uncertainties include, but are not limited to, the factors described in our Report on Form 8-K/A filed with the SEC on March 15, 2013, including the section captioned “Risk Factors” therein. Given these uncertainties, you should not place undue reliance on these forward-looking statements. The forward-looking statements set forth herein reflect our estimates and assumptions only as of the date of this press release and are subject to change after such date. Except as required by law, we assume no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
Trio Resources, Inc.
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