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Warriedar Resources (ASX:WA8) has reported net gold recovery of 88% on a two-stage process of its Ricciardo deposit’s gold ore.
Initial metallurgical testwork processed ore through a primary concentrate production pathway (cyanide flotation) and then a secondary processing of concentrate on-site using both cyanide and bacterial oxidation.
Apart, the two processes clocked 96% and 95% recovery rates respectively for a net 88% recovery rate. Further studies will follow, Warriedar wrote on Monday, towards optimising the overall process.
At the same time, the company anticipates updating its Ricciardo deposit JORC estimate around the end of November 2024.
All in all, the company reports it has found a viable pathway towards producing gold from Ricciardo deposit ore.
“These results deliver strong validation of Warriedar’s decision to focus its exploration activities on the large-scale Ricciardo deposit and broader ‘Golden Corridor,'” Warriedar CEO Amanda Buckingham said.
“Our primary focus remains our pursuit of the abundant opportunities to continue to grow the resource base within the Golden Corridor and to search for new deposits along the main shear.”
In the announcement thread, some forward-minded HotCopper users began analysing what nearby gold mills could be tapped by the company in a world where Warriedar turns producer – and liked what they saw.
“It’s a bit of a unicorn situation as both projects have hungry mills close by,” user Joelstar wrote. “Big Springs has Jerrit Canyon [and] Golden Range has Golden Grove and Deflector,” referring in the latter to the Murchison-based processing asset.
That same user went on to inspect the implied feedstock available for Deflector, musing the mill will soon need more ore to justify its operational cost – proposing Warriedar could be the right suitor.
WA8 last traded at 5.8cps.
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