Tennant Minerals provides update on Bluebird copper-gold discovery

Tennant Minerals Limited (ASX: $TMS) has released an update on the metallurgical test-work of diamond drill core samples from the high-grade Bluebird copper-gold discovery in the Northern Territory. The initial results of the early test-work indicate the potential for positive outcomes from future economic studies into mining and extraction to produce a saleable copper and gold concentrate.

Executive commentary on Bluebird metallurgical test-work

The significant initial copper flotation results with 23% copper and 1.5 g/t gold in concentrate, and the high copper recoveries of up to 97%, are extremely encouraging and indicate potential for positive outcomes from future economic studies into mining and extraction to produce a saleable copper and gold concentrate. Copper with gold concentrates of this grade are potentially economic at current copper and gold prices, and provide the Company with a strong incentive to continue drilling, advance metallurgical test-work and define a maiden Mineral Resource. We look forward to launching our next drilling program to define and extend the enlarged mineralised footprint as we progress plans to establish a stand-alone mining and processing operation to capitalise on the resurgent global demand for copper and gold. Multiple drilling intersections at Bluebird have already confirmed the discovery of high-grade copper with gold mineralisation over a 500m strike-length and to over 300m depth, with further expansion potential shown to over 400m depth and along more than 800m of strike.

Summary of Bluebird metallurgical test-work and future plans

Tennant Minerals has reported promising initial results from the metallurgical test-work of diamond drill core samples from the Bluebird copper-gold discovery in the Northern Territory. The test-work has shown potential for positive outcomes from future economic studies into mining and extraction to produce a saleable copper and gold concentrate. The Company's CEO, Vincent Algar, expressed optimism about the significant initial copper flotation results and high copper recoveries, indicating economic potential at current copper and gold prices. The Company plans to launch the next drilling program to define and extend the mineralised footprint and establish a stand-alone mining and processing operation to capitalize on the resurgent global demand for copper and gold. The Bluebird discovery is part of the Company's 100% owned Barkly Project, and the mineralisation intersected at Bluebird is typical of the high-grade copper-gold orebodies previously mined in the Tennant Creek Mineral Field. The Company aims to define the Mineral Resource potential of Bluebird while also testing other key targets in the expanded Bluebird-Perseverance corridor.