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Octava Minerals Ltd. ( (AU:OCT) ) has issued an announcement.
Octava Minerals Ltd announced additional information on the results of Stage 1 of the CSIRO Bioleaching test program for their Byro REE and Lithium project. The test aimed to determine the potential for metal extraction using bioleaching microorganisms. Initial results showed that while cell numbers increased with a mixed culture from CSIRO’s biomining collection, no significant activity was detected from the native microorganisms in the Byro samples, indicating challenges in enriching acidophilic biomining cultures from these samples.
More about Octava Minerals Ltd.
Octava Minerals Ltd is a Western Australia-focused exploration company specializing in new energy metals such as antimony, rare earth elements (REEs), lithium, and gold. The company’s projects include Yallalong, Byro, and East Kimberley, with a market focus on the extraction and development of these critical minerals.
Average Trading Volume: 128,743
Technical Sentiment Signal: Hold
Current Market Cap: A$2.14M
Learn more about OCT stock on TipRanks’ Stock Analysis page.