The initial results from phase one of the tailing sampling at the Tech Hughes site revealed a gold grade 16.9% higher than historically reported.
The discussion revolves around the initial results from phase one of the tailing sampling at the Tech Hughes site. These results indicated a gold grade that is 16.9% higher than previously reported. The sampling process involved six different sites to derive an average weighted result of 0.717 grams per ton of gold, which surpassed previous expectations.
Fulcrum Metals (LON: FMET) everything you need to know
The video highlights that this phase of the project is still ongoing and includes verification of the gold grade and conducting leech tests to extract gold from the tailings. The company is working closely with Extrakt, a technology partner, suggesting potential improvements in recovery rates over traditional methods. The interview also touches on the significance of these findings, given that tailings are typically considered mining waste, and the improved gold content could have substantial implications.
The first batch is due any day back from the lab.
The company has a close working relationship with Extrakt. This technology has shown promise in other contexts, suggesting recovery rates might significantly improve compared to traditional methods.
More detailed cost analysis and profitability projections will be part of phase two.
The company aims to optimize the leeching process and increase recovery rates, potentially leading to better financial outcomes for the company and its stakeholders.
Here are the key points from the interview in the video:
- CEO Interview: Ryan Me, CEO of Fulcra Metals, discusses the results from phase one of tailing sampling at the Tech Hughes site.
- Increased Gold Grade: Initial sampling shows a 16.9% increase in gold grade compared to historical data, with an average result of 0.717 grams per ton.
- Sampling Details: The sampling involved six different sites to ensure a representative average weighted result.
- Significance of Results: The improved results are significant as they come from tailings, which are usually considered mine waste with fixed grades.
- Ongoing Phase One: The first phase includes verifying gold grades and conducting leech tests for gold extraction. It is not yet complete.
- Partnership with Extrakt: The company is working closely with Extrakt, employing new technologies that may improve recovery rates compared to traditional methods.
- Future Expectations: Results from the new technologies and detailed cost analysis will be part of phase two, aiming to optimize the leeching process and potentially improve financial outcomes.
These points summarize the discussion in the video about the recent advancements and expectations in the sampling project at Teck-Hughes.
