Bushveld Minerals delivers 'encouraging' results from Africa
Bushveld Minerals, a mineral development company focused on iron and tin projects in southern Africa, has reported that its Mokopane tin project, covering the Zaaiplaats and Groenfontein mines, has delivered 'encouraging' metallurgical results.
Bushveld Minerals, a mineral development company focused on iron and tin projects in southern Africa, has reported that its Mokopane tin project, covering the Zaaiplaats and Groenfontein mines, has delivered 'encouraging' metallurgical results.
Bulk sampling of both mines was analysed and the results from Zaaiplaats demonstrated similar characteristics to historical mining records, as well as significant potential for resource expansion. Liberation of tin at Groenfontein was 50% and 46% at Zaaiplaats.
Fortune Mojapelo, the company's Chief Executive Officer, said: "The initial metallurgical results demonstrate good liberation of the tin oxide (cassiterite) across different grinding size fractions. This is very encouraging as we seek to accelerate the development of the company's tin projects towards production in the short to medium term.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"The liberation characteristics shown by both Zaaiplaats and Groenfontein provide further confidence in our exploration programme which in the short term is focused on a) expanding the existing resource base by a combination of drilling on the existing targets and acquisition of additional brownfield projects in the Bushveld Complex, b) demonstrating the metallurgical treatability of the ore and c) advancing the projects towards production in the medium term."
NR
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Energy bills to rise by 1.2% in January 2025
Energy bills are set to rise 1.2% in the New Year when the latest energy price cap comes into play, Ofgem has confirmed
By Dan McEvoy Published
-
Should you invest in Trainline?
Ticket seller Trainline offers a useful service – and good prospects for investors
By Dr Matthew Partridge Published