Key facts about Pivotal Metals announcement

Pivotal Metals (ASX:PVT) has announced promising preliminary metallurgical results from its Horden Lake Project in Quebec, Canada. The company reported excellent copper recovery rates ranging from 85% to 90% to high-grade concentrates. Precious metals such as gold, silver, and palladium are making significant contributions as byproducts. The project is advancing using a conventional flotation flowsheet, producing saleable copper and nickel concentrates. These results underscore the project's development potential.

Summary and future outlook for Pivotal Metals

Pivotal Metals has achieved significant progress with its Horden Lake Project in Quebec, Canada. The metallurgical testwork has demonstrated high copper recovery rates and valuable contributions from precious metals as byproducts. These findings complement the growing resource base, supported by recent drilling and geophysical surveys. Pivotal Metals is focusing on optimizing the nickel flotation circuit and conducting further testwork, including locked cycle tests, to be completed in the next two months. An EM survey is underway to explore additional potential. As global copper market deficits are forecasted, the strategic importance of the Horden Lake Project is highlighted. Located in a prolific mining region, Pivotal Metals plans to continue de-risking the project from engineering, environmental, and economic perspectives, with further exploration and resource growth activities planned.

Executive insights on Horden Lake Project

The metallurgical testwork has shown an excellent copper recovery rate of 85% to 90% to high-grade concentrates (25% to 30% Cu), with no deleterious elements found. Precious metals such as gold, silver, and palladium are contributing significant value, with recoveries of 55% Au, 50% Ag, and 38% Pd to the copper concentrate. Saleable nickel concentrates have been produced, with ongoing work to optimize the nickel flotation circuit. Further development in understanding nickel distribution is underway.