MEI releases promising metallurgy results from Midrim
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.
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.”
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