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.

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.

Start your trial of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

"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