Archived News
In August 2021 Finfeed changed from a website that covered ASX listed news to a website
that covered a select range of ASX
listed small cap Biotech stocks that we are personally
invested in: find out more.
The old Finfeed website, and all of the old articles are kept here for record keeping purposes.
VISIT NEW SITECastillo Copper tests stockpile: grades up to 22% copper
2 minute read
Castillo Copper Limited’s (ASX:CCZ) has today provided an update on metallurgical test-work carried out on ore from two separate McDonoughs stockpiles along the line of lode.
Two composites formed from bulk samples taken from McDonoughs Portal and Shaft stockpiles along the line of lode have been the focal point of metallurgical test-work in recent months.
Encouragingly, the test-work in the laboratory has demonstrated the ore has beneficiated materially. Furthermore, results to date have confirmed solid copper concentrate recoveries that exceeded 80%, while the grade was up to 22% copper and cobalt 300ppm.
Moving forward, CCZ is optimistic the copper concentrate recovery rates and grades may improve as further metallurgical test-work is conducted. More significantly, these results provide a key insight on copper recoveries and grades for the other historic stockpiles at Cangai Copper Mine yet to be analysed.
CCZ Chairman Peter Meagher commented: “The Board notes the metallurgical test-work done to date on the legacy stockpiles has demonstrated proof of concept. Pleasingly, we have seen solid copper concentrate recoveries and grades, which we expect to continue improving as metallurgical test-work is progressed. Further, we are delighted to have strong interest in our stockpiles from several end user groups.”
Of course, as with all minerals exploration, success is not guaranteed — consider your own personal circumstances before investing, and seek professional financial advice.
Monetising legacy stockpiles
CCZ’s geology team has approached the regulator for guidance on how to effectively and efficiently remove the stockpiles from site so the economic benefits can be captured.
The clear options are local third party processing or a direct shipping ore product once regulatory clearance is secured.
CCZ continues to progress discussions with the several prospective off-take partners interested in processing the ore as relevant information comes to hand. Further metallurgical test-work will be undertaken to improve the copper concentrate recovery and grades.
Latest articles on Castillo Copper
More Commentary
Los Cerros confirms extensive gold porphyry mineralisation
08-07-2021
GTI completes drilling ahead of establishing uranium resource
06-07-2021
Los Cerros ready to grow another leg, driven by Tesorito results
28-06-2021
GTI Resources starts second round of uranium exploration drilling
25-06-2021S3 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.
Conflict of Interest Notice
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.
Publishers Notice
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain.