AI dreams up gold bars on a table. Source: Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

WA-focused gold explorer Saturn Metals Ltd (ASX:STN) has shown that recoveries of up to 88 percent can be achieved with ore taken from its Apollo Hill project in the Eastern Goldfields, and that this can be done without milling.

Five leach tests were conducted on samples of Apollo Hill ore yielded from diamond drilling, with this representing the deposit’s main type of ore – fresh basalt, dolerite and mafic schist rock types, and grading between 0.23 and 1.49 grams per tonne of gold.

After being prepared through closed-circuit high pressure grinding roll (HPGR) and crushed to a P100 size of 4 milimetres, the ore yielded average recoveries of 88 percent, which the company said was an impressive result when compared to heap leach recoveries.

Saturn had previously shown that recoveries of 78 percent were possible from ore with the HPGR crush size of 8 milimetres P100, and the improved results further validate the metallurgical quality of Apollo Hill.

Saturn Managing Director Ian Bamborough said the testing had provided strong indicators of what the project could achieve.

“These spectacular and consistently high gold recovery results, from a representative Apollo Hill sample set, provide ongoing evidence for the application of simple cost-effective heap leach processing at Apollo Hill,” he said.

“The metallurgy of Apollo Hill is a competitive advantage. It provides an economic head start for the deposit which ultimately converts to leverage on the magnitude of the deposit and its efficient development.

“The company is progressing with our studies towards production.”

STN by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Big miners jump on bounce in iron ore price | November 18, 2024

The iron ore price has lifted to US$100.15 in Singapore and big miner Rio Tinto (ASX:RIO)…
The Market Online Video

ASX Market Update: Gold bounces back as Iron Ore slides | November 18, 2024

Gold has bounced back to US$2,588 per ounce as investors move part of their portfolios back…
NAB storefront

NAB dips 1.8% as ASIC take bank to court for ignoring hardship applications

Market regulator ASIC is taking NAB to court for allegedly failing to address nearly 350 hardship…