The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksFAM.L Share News (FAM)

  • There is currently no data for FAM

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

FinnAust posts positive test data from Pituffik

Mon, 16th Jan 2017 13:04

(ShareCast News) - Greenland and Finland-focused FinnAust Mining updated the market on its metallurgical test work programme at its Pituffik Titanium Project in Greenland on Monday.The AIM-traded company said Allied Mineral Laboratories was engaged in October 2016 to complete the next phase of process design and optimisations for what is expected to be consistent run-of-mine material, as well as identify further refinements of the gravity circuit to generate a concentrate of the titanium rich minerals at Pituffik.It said the key outcomes from that were expected to improve the design criteria for large-scale exploitation, which will feed into cost estimates and the feasibility study currently underway - required as part of the application process for an exploitation licence.FinnAust said representative samples from Pituffik were submitted for scanning electron microscope analysis to determine mineral species present, grain size and degree of liberation, as well as other identifying physical characteristics.The results were used to prepare a heavy liquid separation process which, when conducted on the -2mm sand fraction, produced a "very pure" ilmenite concentrate.Analysis of the potential ilmenite product from this concentrate continued to suggest the suitability of the Pituffik ilmenite for direct use in the sulphate process, the firm's board said, and upgrading to sulphate slag and chloride slag.Detailed chemical analysis so far completed on a potential ilmenite product reportedly indicated low levels of deleterious trace elements and beneficial iron oxide ratios.Bulk metallurgical samples collected from raised and active beaches during the 2016 field season had been dispatched to IHC Robbins in Brisbane as part of a design and pilot plant package, the board added."2016 was a solid year for the company - we made substantial progress in establishing the potential viability of the Pituffik Titanium Project," said CEO Roderick McIllree."Focus during 2017 will turn to further significant value accretive events as Pituffik continues to demonstrate its potential to host a large & high-grade ilmenite deposit which metallurgical test work indicates has the capacity to produce a high-quality concentrate."
More News
31 Jan 2017 11:08

FinnAust makes two senior appointments as Pituffik progresses

(ShareCast News) - Greenland and Finland-focused FinnAust Mining announced on Tuesday that it has finalised two senior appointments to strengthen its development team as it continues to evaluate commercialisation of the Pituffik Titanium Project. The AIM-traded firm confirmed Hans Jensen has been ap

Read more
25 Jan 2017 10:46

FinnAust appoints experienced marketing advisor

(ShareCast News) - Greenland and Finland-focused FinnAust Mining announced on Wednesday that it has engaged the services of Titanium Industry Global Advisory as marketing advisor to the company. The AIM-traded firm said TIGA is an advisory firm specialising in providing strategic and commercial dire

Read more
5 Jan 2017 07:44

FinnAust Mining buys Avannaa, gains new Greenland exploration licence

(ShareCast News) - Titanium and ilmenite explorer FinnAust Mining has bought Avannaa Exploration, after gaining approval from the Greenland government, and has won a new licence, which "strengthens" its footprint within country. FinnAust bought Avannaa from Capricorn Oil, a subsidiary of Cairn energ

Read more
22 Nov 2016 13:24

FinnAust In Talks To Raise GBP5 Million For Pittufik Project (ALLISS)

Read more
22 Nov 2016 13:19

FinnAust Mining in talks over share placing

(ShareCast News) - AIM-listed FinnAust Mining said it is in discussions with investors to potentially raise up to £5m from a placing of new ordinary shares to fund feasibility studies, among other things. The group said the proceeds would also be used to fund an environmental impact assessment, a so

Read more
5 Oct 2016 15:11

UK Shareholder Meetings Calendar - Next 7 Days

Read more
4 Oct 2016 10:32

FinnAust Mining shares rise as Pituffik development continues

(ShareCast News) - Greenland and Finland-focused company FinnAust Mining announced "significant advances" on Tuesday, in its optimising of the metallurgical processes required to produce an ilmenite concentrate from the Pituffik Titanium Project in Greenland. The AIM-traded firm said the "successful

Read more
27 Sep 2016 14:16

FinnAust announces completion of 2016 work programme

(ShareCast News) - Greenland and Finland-focused company FinnAust Mining announced on Tuesday that it has completed its 2016 work programme at the Pituffik Titanium Project in Greenland. The AIM-traded firm said the programme was designed in consultation with SRK Exploration Services, and executed b

Read more
19 Sep 2016 08:49

FinnAust Mining's full year pre-tax loss widens due to recent acqusitions

(ShareCast News) - Titanium and ilmenite explorer FinnAust Mining's full year pre-tax loss widened due to the cost of recent acquisitions, with management adding it was wary of the impact the Brexit vote would have on future trading and performance. For the year ended 30 June, loss before tax widene

Read more
14 Sep 2016 08:59

FinnAust Gets Green Light From Greenland For Social Impact Assessment

Read more
5 Sep 2016 11:04

FinnAust Mining takes over Cairn Energy´s Avannaa subsidiary

(ShareCast News) - FinnAust Mining announced the purchase of Greenland-focused Avannaa through an all-share deal, giving it access to new low-cost, high-quaility assets. The miner would pay Capricorn Oil, a subsidiary of Cairn Energy, $500,000 through the issuance of new shares. Significantly, two

Read more
5 Sep 2016 07:47

FinnAust Expands Greenland Presence With Avannaa Exploration Deal (ALLISS)

Read more
24 Aug 2016 15:07

FinnAust Mining finds significant resource scale at Greenland titanium mine

(ShareCast News) - Precious and base metals explorer FinnAust Mining's shares rose as it said it found resources of significant scale at its pure Pituffik titanium mining project in Greenland. Extensive trenching over the main project areas identified large volumes of ilmenite rich sand across many

Read more
19 Jul 2016 09:19

FinnAust Receives Approval For Greenland Pituffik Titanium Project

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.