Is this another case of hiding the "positive" in plain sight?
The Company notes the recoveries used in feasibilities studies for Canadian large low-grade nickel sulphide projects such as Crawford and Dumont of 41% LoM and 43% LoM respectively. These fall within the range of results achieved by WMG to date and the Company will use the assumption of 40% recovery for Mulga Tank for the time being until more extensive test work has been completed.
"For the time being" reporting an "assumed" 40% recovery?
Nickel sulphides have been successfully recovered in all of the tests, with the test work suggesting around ~0.1% Ni is present as non-sulphide silicate nickel - implying a maximum theoretical nickel recovery of ~63% based on the 0.27% average grade of the Mineral Resource Estimate.
Yet verbally a couple of years ago (Back in the day),when transparency was being practised.
WMG is undertaking preliminary metallurgical test work on a bulk sample of material taken from the upper portion (150m to 300m) of diamond hole MTD029 (EIS3). A series of different rougher flotation tests have been conducted on the bulk sample material, each testing a range of different factors including grind size (38um to150um) and various reagents.
A penny for your thoughts.
Just imagine if there was a Power Point presentation in Toronto and Sydney that comprehensively unwrapped the Geophysical information around Hole 46 which showed 17 meters at 1.2% that is open pit accessible with just a 1:1 strip ratio.
The Down hole EM , Mobile MT Survey, Moving Loops and whatever else is available with the Geochem (soil sampling) and correlating it all together with the Drilling information.
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(20min delay)