Flagship Minerals Advances Pantanillo Gold Project with Promising Metallurgical Results

The latest announcement is out from Pan Asia Metals Ltd. ( (AU:FLG) ).

Flagship Minerals Limited has completed a review of metallurgical testwork at its Pantanillo Gold Project, revealing high gold recovery rates from oxide mineralization. The test results show recoveries up to 85.5% for oxides, positioning the company for potential CAPEX and OPEX savings. This advancement in the project is significant as it aligns with the company’s strategy to enter gold production with low capital expenditure and high margins. The results are promising when compared to peer projects, indicating a strong position for Flagship in the gold mining sector.

More about Pan Asia Metals Ltd.

Flagship Minerals Limited is a company operating in the mining industry, focusing on gold extraction. Its primary project is the Pantanillo Gold Project located in the Maricunga Gold Belt in northern Chile. The company is committed to advancing the project towards production, leveraging its expertise in metallurgical testwork to optimize gold recovery processes.

YTD Price Performance: 23.33%

Average Trading Volume: 87,752

Technical Sentiment Signal: Buy

Current Market Cap: A$15.07M

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