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Anax Metals Limited ( (AU:ANX) ) has shared an announcement.
Anax Metals Limited has announced the successful results of its advanced stage bacterial column leaching test work, achieving impressive copper and zinc extraction rates of 77-80% and over 90%, respectively. This marks a significant step forward in their bioleaching technology program, which has been in development for four years, including three years of collaboration with CSIRO. The results not only confirm the potential of bioleaching for primary sulphide ore at Whim Creek but also present a potential opportunity for zinc sulphate production. The company’s strategic advantage is enhanced by the integration of ore sorting, flotation, and leaching processes, ensuring maximum production capacity and flexibility for consolidating Pilbara’s base metal assets. The existing infrastructure at Whim Creek has been refurbished and permitted for immediate recommencement of heap leaching, requiring minimal additional capital expenditure for adaptation to bioleaching, which is expected to significantly enhance metal extraction.
More about Anax Metals Limited
Anax Metals Limited, listed on the ASX under the code ANX, operates in the mining industry, focusing on copper and zinc extraction. The company is known for developing advanced bioleaching technology and has been involved in a significant bioleaching development program, collaborating with CSIRO in Perth. Anax’s operations are centered around the Whim Creek heap leach infrastructure, part of their Pilbara Regional Processing Hub initiative.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €5.25M
Find detailed analytics on ANX stock on TipRanks’ Stock Analysis page.
