Cornish Metals Inc., saw its shares rise early on Monday following an update on the progress of the Crofty project’s feasibility study. A significant portion of the study has already been concluded.
One of the main highlights shared by the company was the introduction of a new proposed sorting method expected to enhance metallurgy at Crofty.
Richard Williams, the CEO, expressed pleasant surprise at the results. “We had anticipated positive outcomes from X-ray transmission ore sorting at South Crofty, but the results have surpassed even our highest hopes,” he mentioned.
He further pointed out that XRT ore sorting had demonstrated its efficacy in preconcentrating mineral samples from five distinct zones of the South Crofty deposit. Such results could potentially lead to improved project economics, resulting in reduced power usage and a more compact processing plant, thereby cutting both capital and operational costs.
Promising outcomes were reported from metallurgical tests based on 2023 drill samples at South Crofty mine. XRT ore sorting and Heavy Liquid Separation (HLS) tests indicated 55% and 50% mass rejection, respectively, with minimal metal losses. These tests, spanning five mineralized areas, validate the potential enhancement at South Crofty, guiding future process design to be more cost-effective and eco-friendly.
The Feasibility Study has seen developments like completed headframe structural modeling and refurbishments, alongside ongoing tasks like designing the mineral processing plant.
Finally, AMC Mining Consultants have been entrusted to independently scrutinize and assemble the study, ensuring a rigorous examination and validation of the presented results and employed techniques, as acknowledged by the company.
Cornish Metals has published an updated corporate presentation to its website that can be accessed at Cornish Metals Presentations.
