Xanadu Mines Ltd’s Post

Faraday Copper Announces Positive Metallurgical Results at its Copper Creek Project in Arizona Paul Harbidge, President and CEO, commented “The positive results from our metallurgical program continue to support our work towards advancing the Copper Creek project by significantly improving the economic returns and future metal production profile. In addition, the Phase III drill program is underway with a focus on testing new targets and expanding the Mineral Resource. I am excited about the exploration upside, especially with the initial reconnaissance drill results from the Area 51 target, which identified a new near-surface mineralized breccia.” Zach Allwright, P.Eng, VP Projects and Evaluations, also commented “The metallurgical program has uncovered significant upside, indicating that mill throughput in future technical studies could increase substantially from the PEA base case, while maintaining or enhancing metal recoveries. In addition, the test work highlights the opportunity to reduce operating costs and supports the potential for payable gold in the copper concentrate. Importantly, the Company’s strategy of minimizing water consumption and limiting the surface footprint is supported by these favorable processing characteristics. We look forward to further increasing the value of the Copper Creek project.” Read the full release: https://lnkd.in/gcNB5_mp TSX: FDY | OTCQX: CPPKF #faradaycopper #coppercreek #arizona #azmining #copper #metallurgy #coppermining #responsiblemining #mining #prospecting #mineralexploration #mineralestimate #minerals #metals #criticalmetals #greenenergy #electricvehicles #miningsector #miningnews #investing #captialmarkets #tsx #otcqx

HIGH GRADE COPPER ASSAYS CONTINUE AT EL PILAR OXIDE DEPOSIT, CUBA Copper Domain – El Pilar HOLE PDH-52A 4m @ 0.79% Cu from 151m 15m @ 2.56% Cu from 167m incl 9m @ 4.02% Cu 7m @ 1.07% Cu from 252m HOLE PDH-67 25m @ 1.07% Cu from 5m (incl 13m @ 1.33% Cu) HOLE PDH-68 49m @ 0.44% Cu from 31m incl 3m @ 1.31% Cu HOLE PDH-60 5m @ 1.32% Cu from 69m HOLE PDH-59 2m @ 1.57% Cu from 53m Gold Domain – El Pilar HOLE PDH-63 5m @ 2.56g/t Au from surface 1m @ 2.17g/t Au from 9m 2m @ 5.84g/t Au from 15m 1m @ 9.8g/t Au from 34m HOLE PDH-59 2m @ 4.27g/t Au from 7m EL PILAR OXIDE DEPOSIT • The results continue excellent grades for both gold and copper in the oxide deposit that have previously been advised to ASX (4, 17, 27 July 2023, 8 August 2023, 21 September 2023, 23 October 2023, and 2 November 2023). • These results plus those from 1,800m undertaken in 2022 and selected results from 24,000m of historic drilling reinforce the prospect of near term development of the low CAPEX Nueva Sabana mine at El Pilar. • The outstanding grades in the gold domain extend from surface to a depth of 40m to 50m, and robust grades in the underlying copper domain continue for a further 50m to 70m. • The gold zone within the oxide deposit is well defined, and the copper domain has increased in volume both laterally and vertically with continuing exploration, and projects into the underlying sulphide zone. • A Mineral Resource Estimate (“MRE”) for the proposed Nueva Sabana mine is expected to be established within 3 or 4 weeks, and will be followed by a Scoping Study for the project around April 2024. • The El Pilar oxide deposit is metallurgically simple, and the Nueva Sabana mine is being planned as a copper project which would benefit from the high grade gold cap during initial operations. • Preliminary metallurgical test work by Blue Coast Research Laboratories in Canada has indicated a gold recovery of 85% from a simple rougher flotation circuit with a concentrate of 53.1 g/t Au produced from an ore sample grading 2.11 g/t Au. • Test work is continuing on copper recoveries and concentrate grades, and early indications are that the copper concentrate will contain around 25% Cu. • Planning and permitting for the proposed mine is well advanced. • The recently revised construction cost estimate of ~US$22 million for the proposed mine, was based on a mining rate of 650,000tpa of ore. Christian J. Grainger (PhD) #Copper #Gold #Mining #AAU

#ASXNews Xanadu Mines Ltd is pleased to provide an update on metallurgical test work for the Kharmagtai Project in Mongolia, being developed with the Company’s joint venture partner Zijin Mining Group Co., Ltd. (Zijin). The sulphide rougher recovery results represent a very positive technical and economic outcome for the Kharmagtai Pre-Feasibility Study (PFS). Next stage cleaner recovery and oxide leach test work continues to progress to plan. • PFS stage metallurgical test work completed for sulphide rougher process recoveries. • Rougher flotation tests delivered metallurgical recoveries up to 98% #copper and 95% #gold, at head grades up to 1.6% Cu and 2.0g/t Au at P80 grind size of 150 micron (µm). • These are in line with or better than Scoping Study1 assumptions and indicate potential value uplift in final PFS recoveries. • Grind size selected at 150 µm for Stage 1 (15Mtpa in Scoping Study) and 212 µm for Stage 2 (30Mtpa in Scoping Study), following trade-off studies by DRA Global. Coarse particle flotation remains under investigation to further optimise Stage 2 grind size. • Process flowsheet includes conventional comminution, followed by rougher flotation, then regrinding and three stages of cleaning to produce a clean concentrate. • Next stage regrind & cleaner flotation underway, targeting a balance between concentrate grade and recovery. Results expected in May or June 2024. #XAM’s Executive Chairman & Managing Director, Colin Moorhead said: “Strong sulphide rougher flotation results were expected given the clean mineralogy of the deposits at Kharmagtai, and it is very pleasing to have this confirmed here. These results are only part of our metallurgical test plan, and we look forward to future announcements including cleaner flotation and an even larger potential value uplift from our oxide leach program being investigated by MPS labs in Perth.” Full announcement: https://bit.ly/49ZBre7 #XanaduMines #growthstrategy #NewDiscovery #derisking #transformation #criticalminerals #futurefacingmetals #Mongolia #development #exploration #mininginvestment #ASX #TSX

Challenger Gold (ASX: CEL) reports ongoing metallurgical testwork investigating a potential low-grade zinc concentrate pathway. This program was undertaken to evaluate one of the several clear and material opportunities for improvement of the Hualilan Scoping Study, for inclusion in the Pre-Feasibility Study Managing Director, Kris Knauer commented on the results"We are excited to announce that our latest metallurgical testwork has significantly improved our Hualilan Project. By unlocking the potential to economically recover zinc at head grades as low as 0.4%, we are now able to access 211.5 kt of zinc within the Hualilan Mineral Resource Estimate. This is a substantial increase compared to the 62 kt of zinc initially included in the Scoping Study mine plan. The testwork also achieved a higher zinc concentrate grade of 55%, which will notably enhance zinc payability. Alongside zinc, we have also seen improvements in gold and silver recoveries, reaching 97.5% and 93.0% respectively. The simplified flowsheet reduces reagent consumption, also has the ability to potential lower our operating costs. - Ongoing metallurgical testwork has unlocked the pathway to recover the lower grade zinc at grades as low as 0.4% Zn - This will allow Challenger Gold to access an extra 150,000t of Zn contained at Hualilan - At the current Zn price of US$2900t assuming recovery of 80% Zn and payability (after all costs) of 65% on Zn this is potentially material - The testwork produced a zinc concentrate grading 55% zinc compared to 50% zinc concentrate grades in previous testwork, which will provide a 3-4% boost to Zn payability - It also produced a simplified flowsheet with lower reagent consumption, that should reducing operating costs - It also improved previous results providing:         increased gold recovery of 97.5% (94.9% in the SS)        increased silver recovery of 93% (90.8% in the SS)         increased anticipated lead recovery of 80-85% (76.8% in the SS).        superior recovery of the Au/Ag into products with the highest Au/Ag payability   - This confirms the second of the five material opportunities for improvement identified in the Scoping Study with work to bring in the other three in progress. Read more: https://lnkd.in/dZijEi4y #hualilangoldproject #Argentina #Equador #gold #copper #mining #goldmining Kris Knauer Sergio Rotondo Sonia Delgado

via Bulls N' Bears with Matt Birney Xanadu Mines Ltd says leaching tests on the shallower oxidised portion of the project’s mineral resource delivered positive metallurgical extraction results of up to 93 per cent #copper and 46 per cent #gold. Oxide leach recovery had previously been identified as one of multiple potential uplift scenarios in the company’s recently-released scoping study for the operation by reducing mining strip and generating earlier operating cashflows. Management says the leach oxide testing shows the surface material, which will need to be excavated before it can access the main sulphide deposits, can potentially be processed as ore rather than pre-stripping. It could also reduce waste rock production by about 10 per cent in the early years of the project, in addition to generating net revenue rather than net costs. Learn more: https://loom.ly/AnpkBZw #SustainableExploration #XanaduMines #growthstrategy #NewDiscovery #derisking #delivering #transformation #criticalminerals #futurefacingmetals #development #exploration #CopperExploration #CopperInvesting #XAM #ASX #TSX

Emerita Provides Update on Ongoing Metallurgical Test Program Including 52.4% Zn Concentrate Grade at 84% Zn Recovery 🗞️ See the full news release here➡️ https://lnkd.in/g9YWGntq Highlights from our metallurgical test program 🔬 ⛏️IBW metallurgical test work was carried out by Wardell Armstrong in the U.K. and also commissioned by SRK Consulting to provide metallurgical oversight for Emerita. The goal is to demonstrate the production of commercial-grade concentrates with potentially economic recoveries for IBW. Preliminary results indicate successful production of commercial-grade concentrates using traditional methods, with recoveries comparable to other operations in the Iberian Pyrite Belt. Key findings include 🔑 : Zinc concentrates grading at 52.4% Zn with average zinc recovery of 84%, which exceeds reported results for mines in operation in the region. Copper-focused tests revealing the production of commercial-grade copper concentrates with recoveries similar to regional mines, along with payable levels of gold and silver. Potential to produce a Pb/Cu semi-bulk concentrate, increasing payable lead content and improving overall copper recoveries. Overall, the results indicate progress towards a production decision, with room for improvement and optimization in subsequent phases of testing. ⛏️ TSXV: EMO | OTCQB: EMOTF | FRA: LLJA #Zinc #Gold #Silver #Copper #Mining #Spain #Exploration #Investing #IberianPyriteBelt

📰Results support TG Metals’ future studies for Burmeister Via Mining.com.au TG Metals Limited (ASX: #TG6) has received preliminary results from metallurgical testwork that underpins future engineering studies and confirmatory testwork at the Burmeister deposit in Western Australia. The Lake Johnston Project hosts the Burmeister deposit which is in proximity to four lithium processing plants and undeveloped deposits. As part of the testwork program, pre-conditioning of the ore feed using ore sorting technology achieved an increase in lithium head-grade of 15% to 39% and iron rejection of 65% to 70%. https://lnkd.in/geXe9bW8

$CEL - Challenger Gold reports ongoing metallurgical testwork investigating a potential low-grade zinc concentrate pathway. This program was undertaken to evaluate one of the several clear and material opportunities for improvement of the Hualilan Scoping Study, for inclusion in the Pre-Feasibility Study Managing Director, Kris Knauer commented on the results"We are excited to announce that our latest metallurgical testwork has significantly improved our Hualilan Project. By unlocking the potential to economically recover zinc at head grades as low as 0.4%, we are now able to access 211.5 kt of zinc within the Hualilan Mineral Resource Estimate. This is a substantial increase compared to the 62 kt of zinc initially included in the Scoping Study mine plan. The testwork also achieved a higher zinc concentrate grade of 55%, which will notably enhance zinc payability. Alongside zinc, we have also seen improvements in gold and silver recoveries, reaching 97.5% and 93.0% respectively. The simplified flowsheet reduces reagent consumption, also has the ability to potential lower our operating costs. - Ongoing metallurgical testwork has unlocked the pathway to recover the lower grade zinc at grades as low as 0.4% Zn - This will allow Challenger Gold to access an extra 150,000t of Zn contained at Hualilan - At the current Zn price of US$2900t assuming recovery of 80% Zn and payability (after all costs) of 65% on Zn this is potentially material - The testwork produced a zinc concentrate grading 55% zinc compared to 50% zinc concentrate grades in previous testwork, which will provide a 3-4% boost to Zn payability - It also produced a simplified flowsheet with lower reagent consumption, that should reducing operating costs - It also improved previous results providing:         increased gold recovery of 97.5% (94.9% in the SS)        increased silver recovery of 93% (90.8% in the SS)         increased anticipated lead recovery of 80-85% (76.8% in the SS).        superior recovery of the Au/Ag into products with the highest Au/Ag payability   - This confirms the second of the five material opportunities for improvement identified in the Scoping Study with work to bring in the other three in progress. Read more: https://lnkd.in/dCUtCBwP #hualilangoldproject #Argentina #Equador #gold #copper #mining #goldmining Kris Knauer Sergio Rotondo Sonia Delgado

#ASXNews VKA ACHIEVES 1.43% V2O5 & 59% FE IN HIGH QUALITY CONCENTRATE Viking Mines is pleased to provide an update on the ongoing metallurgical progress at the Company’s flagship Canegrass Battery Minerals Project, located in the Murchison Region of Western Australia. • Viking Mines has received excellent results for Low Intensity Magnetic Separation testwork conducted on bulk concentrate produced as part of the Stage 2 Metallurgical Testwork. • LIMS separation uses laboratory scale techniques using the same technical methods which would be employed at an operating mine and is used as an indication of what can be achieved. • The LIMS process delivered a high-quality concentrate grading 1.43% V2O5, 59% Fe & 11.7% TiO2. • Maintaining Fe above 58% is a key achievement, as it demonstrates that the significant value of contained iron in the Canegrass Project has the potential to be realised as a saleable magnetite concentrate. • Total recovery of V2O5 is excellent at 93.0% from ore feed and Fe is high at 83.7%. • A high mass recovery of 53.2% was achieved, meaning for every 1kg of sample, 0.532kg of concentrate is produced. This has real world impacts for limiting the size (and capital cost) of the milling operation required to produce the concentrate. • Silica and Alumina combined are 3.8%, which is comfortably below the threshold target of 4% for roasting (which is the next step required to produce V2O5 flake). • Nickel, Copper & Cobalt report to the tail (non-magnetic fraction) with grades of 0.089%, 0.115% and 0.027% respectively. Further testwork is planned to determine if a sulphide concentrate of these commodities can be produced from this material. • Sighter roasting testwork has commenced which will determine the key parameters (temperature and duration) and reagents to be used ahead of producing V2O5 flake. Commenting on the progress of the Stage 2 metallurgical testwork, #VKA’s Managing Director & CEO Julian Woodcock said: “I’m extremely pleased with the performance of the samples and the progress made with the metallurgical testwork.   “The quality of the concentrate delivers on our expectations with high recoveries of the primary commodities, high mass pull and low silica and alumina required to proceed with roasting. “We have maintained the high vanadium recoveries seen in the sighter Davis Tube Recovery (“DTR”) testwork with 93.0% and significantly reduced the silica and alumina content which is critical for the project to proceed on a conventional processing pathway.” Full announcement: https://loom.ly/oPYiqag #VikingMines #vanadium #ASX

📰 Canada Nickel Company 𝗮𝗰𝗵𝗶𝗲𝘃𝗲𝘀 𝗮 𝟱𝟵% 𝗻𝗶𝗰𝗸𝗲𝗹 𝗿𝗲𝗰𝗼𝘃𝗲𝗿𝘆 𝗿𝗮𝘁𝗲 𝗮𝘁 𝗠𝗮𝗻𝗻 𝗡𝗼𝗿𝘁𝗵𝘄𝗲𝘀𝘁 Canada Nickel Company has announced promising results from initial metallurgical testing on samples from its Mann Northwest property. The tests demonstrated high recovery and concentrate outcomes. Located to the east of the Crawford nickel project, which is wholly owned by Canada Nickel and slated to commence production by the end of 2027 in Timmins, Ontario, Mann Northwest shows significant potential. 𝗧𝗵𝗲 𝗖𝗿𝗮𝘄𝗳𝗼𝗿𝗱 𝗽𝗿𝗼𝗷𝗲𝗰𝘁 𝗶𝘀 𝗮𝗻𝘁𝗶𝗰𝗶𝗽𝗮𝘁𝗲𝗱 𝘁𝗼 𝗽𝗿𝗼𝗱𝘂𝗰𝗲 𝟰𝟱,𝟬𝟬𝟬 𝘁𝗼𝗻𝗻𝗲𝘀 𝗼𝗳 𝗻𝗶𝗰𝗸𝗲𝗹 𝗲𝗮𝗰𝗵 𝘆𝗲𝗮𝗿. In the tests, Sample 1 achieved total nickel recoveries of 58% and 59% from samples with head grades of 0.29% and 0.30% nickel, respectively. Over half of this nickel was recovered in concentrates with an average nickel grade exceeding 38%. The results for nickel and magnetite concentrate grades met the company's expectations. Iron recovery rates were 44% and 48%, with concentrates averaging 58% and 62% iron. Cobalt and chromium recoveries were 15% and 28%, and 10% for both samples, respectively. Canada Nickel plans to extend the Crawford testing program to Mann Northwest and initiate a variability open circuit testing program to verify operational parameters and performance. This will be followed by locked cycle testing to confirm the metallurgical, concentrate grades, and recovery rates necessary for future engineering studies. #nickel #laterite #nickelore #mine #mining #miningproject #grade