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Fulcrum Metals Plc ( (GB:FMET) ) has issued an update.
Fulcrum Metals has reported an 8% uplift in average gold-equivalent grade to 0.701 g/t at its Teck Hughes Tailings Project in Kirkland Lake, Ontario, based on multi-element assays from 94 of 159 auger holes that incorporate gold, silver, gallium and tellurium. The latest results, which include the project’s best hole to date at 1.08 g/t AuEq over 4.75 metres and the deepest drilling to 12.4 metres, strengthen the economic and strategic case for Teck Hughes within Fulcrum’s mine-waste recovery portfolio, especially against a backdrop of elevated gold prices. The assays feed into a broader characterisation and metallurgical programme, including Phase 3 testing with partner Extrakt using proprietary cyanide-free leach and TNS technologies that have already delivered preliminary gold and silver recoveries above 70%. Together, the resource definition drilling and metallurgical optimisation are expected to underpin a formal mineral resource estimate, a NI 43-101 technical report and a pre-feasibility level economic assessment, marking a key step toward potential production and offering clearer visibility for stakeholders on the project’s recovery potential and economic viability.
More about Fulcrum Metals Plc
Fulcrum Metals plc is an AIM-listed, technology-led natural resources company focused on recovering precious and critical metals from mine tailings in Canada, using cyanide-free leaching technologies developed with Extrakt Process Solutions. Its flagship assets are tailings projects at the former Teck-Hughes and Sylvanite gold mines in the Kirkland Lake region of Ontario, where it aims to generate value from previously milled and processed ore through environmentally friendly processing methods.
Average Trading Volume: 245,299
Technical Sentiment Signal: Sell
Current Market Cap: £7.95M
See more insights into FMET stock on TipRanks’ Stock Analysis page.