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Stock impact report

Encouraging oxide leach recovery for copper & gold at Kharmagtai [Financial Post (Toronto, Ontario, Canada)]

ASX LTD UNSP/ADR (ASXFY) 
NASDAQ:AMEX Investor Relations: asx.com.au/about/investor-relations.htm
Company Research Source: Financial Post
pleased to update on metallurgical testwork for the Kharmagtai Project in Mongolia, being developed with the Company's joint venture partner Zijin Mining Group Co., Ltd. (Zijin ). Oxide leach recovery results demonstrate material progress towards one of the multiple uplift scenarios defined in the Kharmagtai Scoping Study , with value add likely; reducing mining strip and generating earlier operating cashflows for the Kharmagtai Pre-Feasibility Study ( PFS ), in addition to sulphide flotation processing of the main mineralised orebody. Upscaled column leach tests, as well as heap leach engineering design work are in progress. Article content Highlights Article content Recent column leaching tests completed on the mineralised oxide portion of the Kharmagtai Mineral Resource Estimate (MRE) delivered promising metallurgical extraction, peaking at 93% copper and 46% gold. Successful extraction occurred over 8-week leach duration using sample head grade of 0.29% Cu and 0.42g/t Au, Show less Read more
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