Canterbury Resources Reports Promising Metallurgical Results at Briggs Copper Project

Canterbury Resources Ltd. ( (AU:CBY) ) just unveiled an update.

Canterbury Resources Limited announced promising metallurgical test results from its Briggs Copper Project, indicating high copper recovery rates of up to 90% into a 25% copper concentrate at coarse grind sizes. This development suggests potential for a large-scale, long-life mining operation with reduced power consumption, enhancing the project’s economic viability. An updated Mineral Resource Estimate and a Scoping Study are expected to further evaluate the project’s potential.

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 product is copper, and it is involved in projects such as the Briggs Copper Project, which is funded through a joint venture with Alma Metals Limited.

YTD Price Performance: 30.0%

Average Trading Volume: 357,802

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$5.13M

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