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Santana Minerals (ASX: $SMI) progresses RAS gold deposit metallurgical test work

Santana Minerals (ASX: $SMI) Metallurgical Test Work Update


Santana Minerals Limited (ASX: $SMI) has announced the positive results of the latest phase of metallurgical test work from the Rise and Shine (RAS) gold deposit. The test work, conducted on a representative master composite sample and 10 variability composite samples, indicates the potential for a simple and conventional gold processing flowsheet with moderate to low operating costs and strong gold recoveries.

Executive Commentary on Metallurgical Test Work Results


Another very meaningful result for the Company that rapidly advances the development of this project. To achieve such high gold recoveries using a conventional gravity and CIL gold processing flowsheet is remarkable and underpins the process design and cost estimates underway as part of our prefeasibility study. The combinations of low chemical consumption, lower cost hydro power, access to good quality water, a willing local workforce and minimal environmental impact will all make for a low-cost project at the cutting edge of responsible mining.

Summary of Metallurgical Test Work Results


Santana Minerals Limited (ASX: $SMI) has received positive results from the metallurgical test work at the Rise and Shine (RAS) gold deposit. The test work indicates the potential for a simple and conventional gold processing flowsheet with moderate to low operating costs and strong gold recoveries. The CEO, Damian Spring, highlighted the significance of achieving high gold recoveries using a conventional gravity and CIL gold processing flowsheet, emphasizing the potential for a low-cost project with minimal environmental impact. The Company plans to continue with further test work, including leach testing on the ten variability composites, cyanide destruction, tailings characterisation, and solid/liquid separation.

SANTANA MINERALS LIMITED
SMI | ASX | Materials
1.165-0.0049999999999999(-0.43%)
At close 05/07 (AEDT)
Market cap
$241.6M
Volume
180,638
DY Yield
0
PE Ratio
0
52 Week Range
0.5 - 1.565
1YR Return
2,731.794%

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