Deep-South Resources Inc. (CVE:DSM) (OTCMKTS:DSMTF) said it has appointed METS Engineering Group of Australia to conduct and manage metallurgical and process technology test works on stockpile material from the Haib Copper Project in Namibia.
The company said the test work and optimizing concept study aim to improve copper recoveries and thus potentially boost project economics substantially.
In a statement, Pierre Leveille, president & CEO of Deep-South commented: "With the drilling program underway, we are delighted to continue our collaboration with METS and to advance the development of the Haib Copper project. The solid copper market outlook highly encouraging and with the funds-at-hand we are confident that our coming exploration and development program will bring strong added value in 2021 and onward.”
READ: Deep South Resources releases updated PEA on its Haib project in Namibia buoyed by rising copper prices
The company said METS will conduct the following test work and high-level studies:
- Bio-assisted heap leaching column test work (to be conducted at a laboratory in Australia)
- High-Pressure Grinding Rollers (HPGR) test work
- Agglomeration test work
- Flowsheet optimization high-level concept study
- Alternative heap leaching test work
Deep South noted that the test work is under preparation and said it will disclose more detail about each phases upon commencement and during the program to monitor the progress.
METS Engineering was established in 1988 by Damian Connelly, Mineral Engineering Technical Services (METS) has a reputation for providing quality service to the global mining industry. Based in Perth Australia. They have served clients all around the world from large companies such as Rio Tinto to exploration and development companies such as Deep-South Resources. They provide a comprehensive range of services including Mineral processing, engineering design and hydrometallurgy test work.
Deep-South Resources is a mineral exploration and development company. Deep-South holds 100% of the Haib Copper deposit in the south of Namibia, one of the largest undeveloped copper deposits in Africa.
A recent preliminary economic assessment (PEA) for Haib showed that at a price of copper of $3.00 / lb, the project generates an after-tax NPV of $950 million and an after-tax IRR of 30%. At $4.00 / lb, it generates an after-tax NPV of $1,650 million and an after-tax IRR of 42%.
Deep-South's growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and close to infrastructures in stable countries.
Contact the author at jon.hopkins@proactiveinvestors.com