St George Mining Ltd (ASX:SGQ) has revealed positive metallurgical results from the high grade nickel-copper sulphide project at Mt Alexander in Western
Australia.
From the Cathedrals Prospect, metallurgical flotation test work recovered nickel and copper to bulk concentrate exceeded 99%.
This demonstrates the exceptional amenability of the Mt Alexander massive sulphide to flotation.
There was also nickel recovery of 89.4% with an 18% nickel concentrate produced (>13% nickel is considered saleable concentrate).
John Prineas, executive chairman, commented:
"The initial metallurgical testwork confirms that the mineralisation from Mt Alexander is amenable to commercial processing and is likely to produce a high value, smelter-friendly concentrate.
"These excellent results continue to support the favourable economics of a potential mining operation at Mt Alexander."
Analysis
Preliminary metallurgical testwork on a sample of massive nickel-copper sulphide indicates that Mt Alexander will produce a high value saleable concentrate that will be sought after.
The company is well-funded and currently holds $7.3 million in cash.