Coburn Project Renaming and Metallurgical Success
Key points
- Project renamed from Mutooroo to Coburn following stakeholder consultation.
- Metallurgical test work confirms Coburn mineralisation amenable to Kanmantoo processing flowsheet.
- Copper recoveries >90% and gold recoveries >50% achieved using the current Kanmantoo flowsheet and reagent suite.
Full summary
Kantra Copper Limited (ASX:KAN) announced the renaming of the Mutooroo copper project to the Coburn copper project, following stakeholder consultation. The metallurgical test program completed as part of the Coburn Pre-Feasibility Study (PFS) has successfully demonstrated that Coburn mineralisation is amenable to processing through the existing Kanmantoo processing plant utilizing the current flowsheet and reagent suite. The results materially reduce metallurgical risk and represent an important milestone in Kantra's assessment of the project. Copper recoveries exceeding 90% and gold recoveries exceeding 50% were achieved, with further optimization studies underway. Kantra continues to progress rail logistics studies and is preparing a targeted initial drilling program to support ongoing study activities and further derisk project development.
Outlook
Kantra is focusing on derisking rail logistics and the initial drilling program, with the objective of reaching an outcome during the December Quarter.
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