Breaker’s Bombora metallurgy sound
5 October 2017
MiningNews.net
BREAKER Resources has moved to tick off another box for Australian gold miners and M&A types with potential designs on the Lake Roe gold project, reporting preliminary metallurgical work has indicated recoveries of 95% for the weathered and fresh mineralisation within the Bombora discovery.
Breaker pointed to the potential ore being of “modest” hardness and being amenable to milling by conventional means, as well as low reagent use and deleterious elements.
All in all, testwork results “indicate no obvious processing issues and favourable treatment economics”.
Further testwork is continuing.
Meanwhile Breaker said four rigs are currently drilling Bombora with a maiden resource due late in December.
The resource, the metallurgy, and the exploration potential elsewhere at Lake Roe are likely being keenly watched by third parties.
Shares in Breaker were up 5.5% to 68c in late afternoon trade, capitalising the company at $97 million.
The stock reached a 52-week high of 80c in August, with the company raising $10 million near the end of that same month by issuing new shares priced at 70c each.