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Rafaella Resources Ltd. ( (AU:PVT) ) just unveiled an announcement.
Pivotal Metals has outlined a development strategy for its 100%-owned Horden Lake copper-nickel-gold-PGM project in Québec, targeting a large, long-life open-pit operation in a Tier 1 mining jurisdiction. The company is updating its mineral resource estimate to incorporate recent shallow step-out drilling, which is expected to enlarge what it describes as one of the highest-grade pit-constrained copper deposits of scale on the ASX.
Alongside the resource work, Pivotal is advancing a scoping study and metallurgical testwork aimed at confirming strong cash flow potential and optimising recoveries into high-grade, clean concentrates. Management argues that Horden Lake’s higher grades, simple geometry and existing infrastructure could deliver competitive capital intensity and timelines in a market marked by record copper prices and a constrained global development pipeline, while parallel drilling at Belleterre continues with first assays due in May.
More about Rafaella Resources Ltd.
Pivotal Metals Limited is an Australia-listed explorer and developer focused on copper, nickel, gold and platinum group metals, with flagship assets in Québec, Canada. Its portfolio includes the Horden Lake copper-nickel-PGM development project and the Belleterre copper-nickel-PGM and gold exploration projects, positioning the company in critical minerals aligned with decarbonisation trends.
Average Trading Volume: 4,472,532
Technical Sentiment Signal: Buy
Current Market Cap: A$20.97M
For detailed information about PVT stock, go to TipRanks’ Stock Analysis page.