MEI releases promising metallurgy results from Midrim

Published at Feb 22, 2018, in Small Caps

Meteoric Resources (ASX:MEI) has updated the market on its preliminary metallurgical testing on the Midrim core taken from SGS Lakefield’s 2000-2001 drill campaign, with results confirming the project’s viability as a polymetallic target.

Tests focusing on the extraction of copper and nickel have returned promising findings, with the company indicating that up to 95 per cent copper and 80 per cent nickel was recovered in 10 minutes of flotation.

Midrim project drill results

MEI will now utilise core samples taken from the 2017 drill campaign to assess recovery rates of platinum and palladium and potential marketable production concentration.

Of course, as with all minerals exploration, success is not guaranteed — consider your own personal circumstances before investing, and seek professional financial advice.

“The results from the preliminary metallurgical study give us the confidence to approach this project as a polymetallic deposit as recoveries of copper and nickel have been shown to be excellent,” MEI CEO Andrew Tunks said.

“PGEs are expected to be important contributors. We have already commenced planning for a detailed metallurgical testwork program with the new core drilled through Midrim late last year that will enable a full set of testwork on all key elements.”

2017 meteoric midrim drill program

Additional core from Midrim has also been drilled for future stages of metallurgical testing, which will include:

  • Establishing the mineralogy and composition of ore
  • Baseline metallurgical response
  • An in-depth examination of the core to establish if pre-concentration X-ray transmission sorting is feasible
  • Compiling increased sample/samples for up-scaled flotation work
  • Focusing on Platinum Group Elements recovery in addition to cobalt, copper and nickel
  • Polishing concentrates for current off-take specifications

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

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S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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