THE DRILL SERGEANT: Centaurus Metals (ASX: CTM) received further encouraging metallurgical test work results from the company’s Jaguar nickel sulphide project in northern Brazil.
Centaurus Metals recently completed test work on a new composite of ore sampled from the Onça Preta deposit that returned a 16 per cent nickel concentrate grade with a nickel recovery of 81.8 per cent.
The company explained that the composite had a head grade of 1.53 per cent nickel and was taken from four drill holes across the Onça Preta deposit, which is located in the north of the project area.
Centaurus is pleased with the current progress being made with the metallurgical test work program with recent results complementing the design concepts the company has developed for the project, which is based on a smaller, high-grade project using industry-standard flotation techniques, rather than the original project design concepts of previous owner Vale.
“The continued strong recoveries we are achieving in developing a processing route for the project remain around 25 per cent better than those previously delivered in other studies,” Centaurus Metals managing director Darren Gordon said in the company’s announcement to the Australian Securities Exchange.
“If we are able to maintain this excellent trajectory, it will ultimately have a significant positive impact on future project economics.
“These results – coupled with the continued success of our high-grade in-fill and extensional drilling program – are key to developing a robust high-grade nickel operation at Jaguar, leveraging off the project’s other competitive advantages in terms of the shallow, high-grade nature of the mineralisation and its proximity to low-cost power and an engaged labour force and infrastructure in a premier mining jurisdiction.”