Spartan Resources Achieves Over 90% Gold Recovery in Dalgaranga Testwork

Gascoyne Resources Limited ( (AU:SPR) ) has issued an announcement.

Spartan Resources Limited has announced the completion of metallurgical testwork for the Never Never and Pepper deposits at its Dalgaranga Gold Project, achieving gold recoveries exceeding 90%. These results are consistent with previous testwork and indicate strong potential for standalone processing at the Dalgaranga mill. The findings will contribute to optimization studies and support the integration study with Ramelius Resources Limited, which aims to combine operations for a robust, long-life mine plan, maximizing shareholder value.

The most recent analyst rating on (AU:SPR) stock is a Buy with a A$1.20 price target. To see the full list of analyst forecasts on Gascoyne Resources Limited stock, see the AU:SPR Stock Forecast page.

More about Gascoyne Resources Limited

Spartan Resources Limited is a company operating in the gold mining industry, focusing on the exploration and development of high-grade gold deposits. Its primary project is the Dalgaranga Gold Project located in the Murchison region of Western Australia.

Average Trading Volume: 7,913,668

Technical Sentiment Signal: Buy

Current Market Cap: A$2.72B

Learn more about SPR stock on TipRanks’ Stock Analysis page.