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Caspin Resources Ltd. ( (AU:CPN) ) has shared an announcement.
Caspin Resources has reported initial metallurgical testwork from the Kelpie tin deposit showing a combined concentrate grade of 53.6% tin with 83.8% recovery using gravity separation followed by flotation, and a gravity-only option delivering 58.3% tin concentrate at 58.7% recovery. Management says the results materially de-risk the Bygoo Project, compare favourably with operating tin mines and development projects, and open up options for a simpler, low-cost plant design and potential ore-sorting beneficiation, supporting planned resource extension drilling and positioning the project to benefit from strong tin prices.
The most recent analyst rating on (AU:CPN) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Caspin Resources Ltd. stock, see the AU:CPN Stock Forecast page.
More about Caspin Resources Ltd.
Caspin Resources Ltd is an ASX-listed mineral exploration company focused on its 100%-owned Bygoo Project in New South Wales, where it is advancing the Kelpie tin deposit. The company is targeting tin mineralisation in a first-world jurisdiction, aiming to position itself competitively within the global tin supply chain as tin prices strengthen.
Average Trading Volume: 1,311,951
Technical Sentiment Signal: Buy
Current Market Cap: A$26.92M
For an in-depth examination of CPN stock, go to TipRanks’ Overview page.