Iofina has produced 24.5 metric tons (mt) of crystallised iodine at Iofina Resources in the Period, compared with 30.6mt for June. The decrease for the Period was attributable to a more aggressive fracturing schedule than planned and one operator undertaking an unplanned, major site upgrade.
The company accomplished several critical tasks in the latter half of the Period and first week of August to position Iofina in an advantageous position to achieve maximum production for all plants.
IO#2 has seen an immediate increase in production due to recent maintenance and is expected to show further significant increases once the operator finishes the site upgrade to disposal site early next week. IO#5 received power and was quickly and efficiently restarted for immediate production towards the end of the Period.