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Battery Minerals Ltd. ( (AU:WTM) ) has issued an update.
Waratah Minerals reported initial geometallurgical results from the Spur Zone at its Spur Project in New South Wales, showing high overall gold recoveries of 90% to 97% using a combination of gravity and conventional cyanide leaching. The test work confirmed the presence of coarse, free-milling gold with grain sizes up to 688 microns, minimal gold locked in silicates, and significant gravity recoverable gold, indicating a relatively simple, conventional processing route.
The company is using an innovative workflow that combines micro X-ray fluorescence scanning of drill core with traditional gravity separation and diagnostic leach tests to understand gold deportment and grain size distribution. These early results will underpin a 3D geometallurgical model and future metallurgical flow sheet design, while drilling continues at Spur with seven rigs working through an 80,000 metre growth and discovery program, highlighting the project’s potential scale and importance in Waratah’s portfolio.
The most recent analyst rating on (AU:WTM) stock is a Sell with a A$0.60 price target. To see the full list of analyst forecasts on Battery Minerals Ltd. stock, see the AU:WTM Stock Forecast page.
More about Battery Minerals Ltd.
Waratah Minerals Ltd., listed on the ASX as WTM, is an Australian exploration company focused on gold development in New South Wales. Its flagship Spur Project targets high-grade gold systems, where the company is advancing extensive drilling and metallurgical work aimed at defining a robust, conventional processing pathway for future production.
Average Trading Volume: 923,057
Technical Sentiment Signal: Buy
Current Market Cap: A$190.2M
Learn more about WTM stock on TipRanks’ Stock Analysis page.