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Canterbury Resources Ltd. ( (AU:CBY) ) has issued an announcement.
Canterbury Resources Limited has announced outstanding results from metallurgical test work at its Briggs Copper Project in Queensland, achieving high copper and molybdenum recoveries into marketable concentrates. The test work, which included locked cycle froth flotation, demonstrated copper recoveries of up to 95% and molybdenum recoveries up to 73%, with potential for further optimization. These results enhance the project’s development potential, suggesting lower processing costs and a viable processing flowsheet. An updated Mineral Resource Estimate and Scoping Study results are expected in mid-2025, which could significantly impact the company’s operations and industry positioning.
More about Canterbury Resources Ltd.
Canterbury Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary products include copper and molybdenum, with a market focus on producing high-quality, marketable concentrates. The company is involved in a joint venture with Alma Metals Limited for the development of the Briggs Copper Project in Queensland.
YTD Price Performance: 15.00%
Average Trading Volume: 359,102
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$4.74M
See more insights into CBY stock on TipRanks’ Stock Analysis page.