Regulus Resources Reports High Copper Extraction Rates and Advances Sulphide Project

The latest update is out from Regulus Resources ( (TSE:REG) ).

Regulus Resources Inc. has reported promising results from its Phase Two metallurgical test program with Nuton LLC, a Rio Tinto venture, which focuses on bio-leaching technologies for copper extraction at the AntaKori project. The tests have shown high copper extraction rates, with up to 88.3% for enargite-rich high-sulphidation mineralization and 87.9% for chalcopyrite-dominant porphyry mineralization. Additionally, Regulus, in partnership with Compañía Minera Coimolache S.A., is advancing its Integrated Sulphide Project resource estimate, with SRK Peru developing the geological model. This progress is expected to enhance the company’s operational capabilities and market positioning in the copper and gold mining sectors.

Spark’s Take on TSE:REG Stock

According to Spark, TipRanks’ AI Analyst, TSE:REG is a Underperform.

Regulus Resources faces significant challenges due to its inability to generate revenue and persistent financial losses, severely impacting its overall financial health. Despite a strong balance sheet, the lack of income and negative cash flows are critical concerns. Technical indicators show a lack of upward momentum, and the valuation is unattractive with a negative P/E ratio. Overall, the stock presents high risk with limited prospects for near-term improvement.

To see Spark’s full report on TSE:REG stock, click here.

More about Regulus Resources

Regulus Resources Inc. is a company operating in the mining industry, primarily focused on the exploration and development of copper and gold projects. The company is involved in projects such as the AntaKori copper-gold project, working in collaboration with partners to enhance its resource estimates and extraction technologies.

Average Trading Volume: 38,146

Technical Sentiment Signal: Buy

Current Market Cap: C$246.8M

For a thorough assessment of REG stock, go to TipRanks’ Stock Analysis page.