Today's announcement indicates over 90% recovery through cracking and leaching stage. This coupled with previous announcement of over 70% recovery through the concentration process at Mount Weld equates to over 15% higher recovery than the design case:
Concentrator design 63% recovery, cracking and leach design 87% recovery = 54.8% recovery for both plant processes.
Actual concentrator >70% recovery, actual cracking and leaching >90%, which is at least 63% recovery for both plant processes.
63%/54.8% = 115% of original design case.
This can be either translated into 15% lower costs for these sections or 15% higher production of REO for these sections.... either way is a major win.
Today's announcement indicates over 90% recovery through...
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