Venture Minerals Ltd has completed pilot scale metallurgical testing at for its Mt Lindsay project in Tasmania. This will be as an input to a forthcoming Bankable Feasibility Study on the tin-tungsten-magnetite deposit. Recoveries of 72% into tin concentrate, 83% into ammonium paratungstate and 98% magnetite concentrate were recorded, in line with earlier work for scoping and pre-feasibility studies carried out in 2010 and 2011.
In a statement Venture said it was “very pleased with the results of the latest metallurgical study, which clearly demonstrates that high quality concentrates of tin, tungsten and magnetite can be achieved through processing Mt Lindsay ore. The consistent nature of the results over three metallurgical studies demonstrates a clear understanding of characteristics of the Mt Lindsay ore bodies, which the company can apply to a future mining and processing operation. With the metallurgy now complete the company can move to finalising the Bankable Feasibility Study, which will be announced as soon as possible.”
Small parcels of tin and tungsten concentrates have been produced for off-take discussions. Tin concentrates produced via gravity and flotation produced a final concentrate grading 45% tin. Venture has several iron ore deposits near Mt Lindsay and has also identified a possible second tin deposit.
