PepinNini Minerals (ASX: PNN) has produced concentrates averaging 64.3% iron with a mass recovery of 23.5% from initial Davis Tube Recovery from samples taken from the Braemar Iron Formation within its Mt Victor Project in South Australia.
The tenement is part of the Sinosteel PepinNini joint venture alliance in which PepinNini has 40% interest, with Sinosteel PepinNini Curnamona Management managing the joint venture.
The venture aims to explore the iron ore potential to assess the extent of the resource and metallurgical characteristics of the magnetite at the Mt Victor iron ore prospect.
Seventeen representative composite samples were selected from 10 of the 17 drill holes drilled in May 2013 to assess the potential magnitude and metallurgical characteristics of the magnetite resource over about 4.3 kilometres strike length.
Drilling results had indicated consistent thicknesses down hole of greater than 150 metres in both tested areas.
The DTR results resulted in concentrates with very low deleterious alumina, phosphorous and sulphur content. Further petrological work is underway to investigate silica values which average 8.9%.
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