Pivotal Metals Ltd (ASX:PVT) has achieved recoveries of up to 90% copper through preliminary metallurgical testing of ore from its Horden Lake project in Quebec.
Multiple batch flotation tests were run on the material, yielding recoveries of between 85% and 90% copper, as well as a copper concentrate holding grades of 25% to 30%, with an overall lack of deleterious elements.
Alongside these results, Pivotal was pleased to note the presence of substantial precious metals in the copper concentrate, with recoveries including 55% gold, 50% silver, and 38% palladium.
The company is in the process of developing a flowsheet for production of a nickel concentrate, with further precious and cobalt recoveries expected in the nickel
circuit.
Managing director Ivan Fairhall said he was impressed by what the test work had shown.
“Copper is the dominant metal on the project, and these excellent copper results
are a strong endorsement of the future development potential of the project,” he said.
“Not only have we achieved high copper recoveries, but the production of clean high
grade concentrates containing value adding precious metals byproducts maximises the
revenue and financing potential of the deposit, adding significant strategic value to the
company given the severe copper market deficits being widely forecast.”
PVT shares rose following the news, and at 12:40 AEDT, they were trading at 1 cent: a rise of 25% since the market opened.
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