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Tartana Minerals (ASX:TAT) has seen its share price jump 7% in morning trades on Monday as it unveiled a recent 150 tonne shipment of copper sulphate.
With its pentahydrate plant located in far north Queensland, 100% offtake partner Kanins on-sold the material to “one of the largest mining operations in the Northern Territory.” The customer was not named.
Copper sulphate is used in large quantities by mining companies in flotation procedures to yield gold, cobalt and other base metals. The material acts as an “activator” in that process; it is also a common fungicide.
The company continues to upgrade its plant, noting improved reliability on Monday. Another shipment for ~70tn is already booked in on a target basis.
Management noted the 150tn shipment is the company’s largest to date.
“This shipment marks an important milestone as it represents our largest shipment to-date within the Company’s recent sales to the North Australian mining industry,” company chief Stephen Bartrop said.
“Improved plant performance has led to increased product quality and which is continuing to build a strong market for our ongoing copper sulphate pentahydrate production.”
Tartana boasts in-house IP that allows for “creating free flowing crystal with low levels of impurities.” The pentahydrate part of the chemical name points to its crystalline nature.
TAT last traded at 3cps.
