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AKO General Discussion, page-114

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thecrabpest

2,444 Posts.

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08/08/22

16:04

Post #: 62990194
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Originally posted by thecrabpest: ↑

There is an increase in interest for magnetite operations in Australia, but the question is how much of it, and how appealing is it?

I can't talk to the likes of Gina's Atlas Iron and FMG's Iron Bridge, but I know that AKO is a far more compelling proposition compared to HIO, for a large number of reasons.

Two large reasons are the recovery rate and the grind size.

HIO have a Davis Tube Recovery (DTR) rate of about 13% at a ~30 micron grind as per their Mineral Resource Upgrade - https://hotcopper.com.au/threads/ann-mineral-resource-upgrade.6858889/

AKO have a Davis Tube Recovery of about 38% at a 75 micron grind as per the last quarterly - https://hotcopper.com.au/threads/ann-june-quarterly-report.6866059/

The grind size is important is it requires additional equipment, processing and power. I am sure there are a number of other things, but these are significant enough.

Screen shots from the respective announcements below for your reference.

Expand

FMG's Iron Bride has a 23% recovery at a 53 micron grind size - https://www.asx.com.au/asxpdf/20190402/pdf/443zd65lwh4blz.pdf

and

Last edited by thecrabpest: 08/08/22

AKO Price at posting: 16.0¢ Sentiment: None Disclosure: Held
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