Alexander receives results of scoping study from Accudo

Alexander Mining has reported that it has received a statement from Accudo Metals, which advised that it has completed the Scoping Study on the first Australian copper project to be trialled with AmmLeach technology licensed from Alexander.

Dr Saliba Sassine, a director of Accudo, said: “The results of the Scoping Study were assessed by the company as being positive and encouraging. We are now evaluating the study in detail with a view to making a decision on the next stage of work, which would logically be starting work on a Feasibility Study. Accudo will now negotiate with the owners of the copper assets on a variety of matters, including the proposed Feasibility Study and commercial terms beyond. We will advise Alexander Mining of the outcomes as and when they complete.”

Martin Rosser, Chief Executive Officer, said: “We are pleased with the positive technical work progress to date and look forward to Accudo advancing this first copper project opportunity.”

At 3:02pm: (LON:AXM) Alexander Mining PLC share price was +0.01p at 0.15p

Story provided by StockMarketWire.com