Exploration with Purpose Preliminary test-work findings; progress with copper assets
Highlights
Specialist consultant, ANSTO , performed metallurgical test-work on six samples from the Fence Gossan, Reefs, and Tors Tanks Prospects (BHA Project’s East Zone) which produced the following preliminary findings:
The Total Rare Earth Element plus Yttrium (TREY) grades for the six samples
ranged from 227 to 1,632 ppm TREY;
The proportion of high-value Magnetic Rare Earth Oxides (MREO; Nd+Pr+Dy+Tb) to Total REO (TREO) across the six samples ranged from 22% to 27%; and
The best TREY extraction, using a direct leach process at pH 1, was 30%
The Board is reviewing next steps, including trialing alternate leach tests proposed
by ANSTO1 to improve extraction results
Entech Mining 2 are finishing the pit optimisation and mine design study for the Big
One Deposit (MRE: 2.1Mt @ 1.1% Cu for 21,886t copper metal – inferred)3
CCZ’s geology team are close to completing an update on the 2017 Mineral Resource
Estimate (MRE) for Cangai Copper Mine 4 which will factor in results from drilling
campaigns post 2017
CCZ Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
