LONDON (Alliance News) - BMR Mining PLC on Friday saw its shares rise in early trade after the company reported positive test results from the wash plant tailings facility at its Kabwe project in Zambia.
The company said the facility has demonstrated materially increased lead and zinc recoveries during additional laboratory optimisation testing carried out at the site. It made a successful recovery of lead and zinc products and showed a potential recovery rate of 77% from the imperial smelting furnace.
"We are delighted to have achieved positive progress across our recent metallurgical testing which could significantly enhance the inherent value of the company's commercial interests going forward," said Chief Executive and Chairman Alex Borrelli.
Shares in BMR were up 10% to 3.99 pence on the news, one of the best performers in the AIM All-Share.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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