Cobre Limited (ASX:CBE) Announces Metallurgical Test Results
Test Results
Cobre Limited (ASX:CBE) reported exceptional recoveries from long-term leaching tests at its Ngami Copper Project in Botswana. Copper recoveries reached up to 82%, exceeding the minimum thresholds for the In-Situ Copper Recovery (ISCR) process. The addition of chloride to the leach solution enhanced silver extraction.
Pilot Plant Design
Based on successful test results, Cobre has completed engineering design work for the ISCR pilot plant. The design includes layout of injection and recovery wells, lixiviant mixing circuits, processing via precipitation, solvent extraction, and electrowinning, as well as an environmental impact assessment plan and legal permitting.
Future Plans
Cobre plans to undertake solvent extraction and electrowinning from the ISCR-derived solution to produce copper cathodes. Further leaching trials and metallurgical process validations are also scheduled, forming the first stage of future production.
Executive Comments
Adam Wooldridge, Chief Executive Officer, stated, “We’re pleased to announce the long-term leach tests which provide excellent support for the proposed ISCR process at NCP, justifying design work on a pilot plant and upcoming MRE. Results demonstrate the potential for copper recoveries in the 50% range which would provide exceptional economics given the low CAPEX and OPEX associated with ISCR projects.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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