Scottie Resources Corp ( (TSE:SCOT) ) just unveiled an update.
Scottie Resources Corp has announced positive results from an ore sorting study conducted by ABH Engineering Inc., supporting the establishment of a high-margin direct ship ore (DSO) operation. This operation will leverage XRF ore sorting technology to eliminate the need for a gold processing plant and tailings facility, significantly reducing capital and environmental impact. Positioned near a deep-sea shipping terminal, the project benefits from low-cost shipping lanes to Asia and existing infrastructure, with plans to commence mining with an open pit to reduce startup risks. The project is expected to produce 80,000 to 100,000 ounces of gold annually, with potential for scalability through continued exploration.
More about Scottie Resources Corp
Scottie Resources Corp is a company operating in the mining industry, focusing on gold extraction. The company is primarily involved in the development of the Scottie Gold Mine Project, aiming to deliver gold concentrate to Asian copper and precious metals smelters.
YTD Price Performance: -9.62%
Average Trading Volume: 34,913
Technical Sentiment Signal: Buy
Current Market Cap: C$45.47M
Find detailed analytics on SCOT stock on TipRanks’ Stock Analysis page.