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Rafaella Resources Ltd. ( (AU:PVT) ) has provided an update.
Pivotal Metals has reported strong large-scale ore sorting results from metallurgical test work at its Horden Lake copper project in Québec, demonstrating that X-ray transmission ore sorting can more than double head grade while rejecting a majority of waste material ahead of grinding and flotation. The trials showed a high-selectivity option delivering a 2.1x uplift in copper and copper-equivalent grade with 68% mass rejection at 69% copper recovery, and an alternative setting achieving 86% copper recovery with a 1.5x grade uplift and 44% mass rejection, opening the door to smaller, lower-cost processing facilities and potential off-site processing of a beneficiated product. Management says the results materially enhance development optionality, with potential reductions in capital intensity, operating and tailings costs, and bolster the investment case for advancing Horden Lake at a time when copper and associated by-product metals are trading at elevated prices.
The most recent analyst rating on (AU:PVT) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Rafaella Resources Ltd. stock, see the AU:PVT Stock Forecast page.
More about Rafaella Resources Ltd.
Pivotal Metals Limited is an ASX-listed exploration and development company focused on copper, nickel, gold, silver and platinum group metals projects in Canada, notably the 100%-owned Horden Lake Cu-Ni-Au-PGM-Co project in Québec and the Belleterre copper-nickel-PGM and gold exploration assets. Horden Lake is a near-surface, largely open-pittable copper-dominant deposit with a 37Mt mineral resource grading 1.1% copper-equivalent in a Tier 1 mining jurisdiction, benefiting from road access and proximity to historic mining infrastructure.
Average Trading Volume: 8,102,772
Technical Sentiment Signal: Buy
Current Market Cap: A$20.97M
See more insights into PVT stock on TipRanks’ Stock Analysis page.