Golden Mile Resources to Reassess Quicksilver Metallurgy

THE DRILL SERGEANT: Golden Mile Resources (ASX: G88) has committed to a second phase of metallurgical testing on the company’s 100 per cent-owned Quicksilver nickel-cobalt project, located just outside Perth, in the Wheatbelt Region of Western Australia.

The decision follows a desk top review recently completed by leading nickel laterite processing engineers Wood Mining and Metals Australia to assess the potential of the Quicksilver project to produce a concentrate on site for either export from one of several nearby ports, processing by an existing local refinery or downstream processing by the Company.

The Wood review noted limitations in earlier test work, leading the engineers to recommended further metallurgical investigations focused on a less energy intensive conceptual flowsheet.

Golden Mile’s previous metallurgical testwork identified potential to beneficiate the Quicksilver mineralisation, however these studies were limited by focussing on assessing the direct acid leaching performance.

The Quicksilver project currently has a resource of 26.3 million tonnes at 0.64 per cent nickel and 0.04 per cent cobalt for more than 16,000 tonnes of contained nickel.

“We are very pleased to join forces with Wood to initiate further metallurgical test work looking at beneficiation options to upgrade the nickel resource at the Quicksilver nickel-cobalt project,” Golden Mile Resources managing director James Merrillees said in the company’s ASX announcement.

“This is an obvious opportunity to extract value for our shareholders, and we see the potential for a low-cost operation to produce a beneficiated product for export through nearby ports or feed to a local Western Australian nickel refinery.

“The Quicksilver beneficiation testwork will get underway at the same time as we push hard to progress on-ground exploration at our exciting Yarrambee copper-zinc project, where geophysical crews will be in the field later this month in preparation for drilling.”