Join our daily newsletter At The Bell to receive exclusive market insights
- Golden Mile Resources (G88) receives positive results from its stage two metallurgical test work, demonstrating potential for a low energy customised multi-product beneficiation process
- The test work expanded the company’s knowledge of the unique saprolitic mineralisation at the Quicksilver nickel cobalt project in Western Australia
- So far, it has managed to identify three potential products, with work continuing on upgrades and a possible fourth product
- The company is using the characterisation of various concentrates to guide its future exploration targeting
- Shares are trading 1.75 per cent lower today at 5.6 cents each at 2:17 pm AEST
Golden Mile Resources (G88) has received positive results from its stage two metallurgical test work, demonstrating the potential for a low energy customised multi-product beneficiation process.
The test work expanded the company’s knowledge of the unique saprolitic mineralisation at the Quicksilver nickel-cobalt project in Western Australia.
So far, it has managed to identify three potential products, with work continuing on upgrades and a possible fourth product.
The company is using the characterisation of various concentrates to guide its future exploration targeting.
It believes the findings open up the opportunity for testing large magnetic targets along strike.
Looking ahead, the company is planning for a geological database review, infill drilling, and collection of further metallurgical samples
Chairman Rhod Grivas said the test work exceeded the company’s expectations.
“So far three potential products have been identified and the company is continuing its metallurgical investigations on the unique style of nickel-cobalt mineralisation at Quicksilver with the aim of increasing value for shareholders.”
Shares were trading 1.75 per cent lower today at 5.6 cents each at 2:17 pm AEST.
