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The latest announcement is out from Pan Asia Metals Ltd. ( (AU:FLG) ).
Flagship Minerals Limited, a company listed on the Australian Securities Exchange, has announced significant progress in its Pantanillo Gold Project located in the Maricunga Gold Belt, Chile. The company has completed a review of metallurgical testwork, revealing high and rapid gold recovery rates for oxide mineralization, achieving over 80% recovery after 30 days. These results are promising compared to typical peer group recoveries of 50% to 75%, and they derisk the next phase of leaching testwork. This advancement positions Flagship for potential capital and operational expenditure savings and supports its strategy to develop the project for open pit mining and heap leach processing, aiming to produce 100,000 ounces of gold annually for over a decade.
More about Pan Asia Metals Ltd.
Average Trading Volume: 261,405
Technical Sentiment Signal: Hold
Current Market Cap: A$23.57M
See more insights into FLG stock on TipRanks’ Stock Analysis page.