RE: Indium pricing3 Nov 2017 11:15
It’s all adding up Shaz.. Ceo already stated in one of the earlier drill RNS that the copper we have is probably economic to be mined on its own.. from the RNS..
“This third hole follows on from the highly encouraging first and second holes. Additionally, it demonstrates that the stockwork mineralization, in the stringer zones, likely has sufficient copper to be economic on its copper content alone”
Then add in the fantastic zinc grades.. and the Indium as stated below.. similar Indium is produced by local mines as a by product.. in my view the Ceo is hinting in these updates that this resource is commercially sound.. and my view is there will be many interested in buying it ..
Yesterday’s RNS..
Indium and selenium are known to be present in the Iberian Pyrite Belt , where the Lagoa Salgada project is located. Known local producers of these minerals, as by-products in their zinc, lead and copper concentrate production, are Lundin Mining's Neves Corvo mine and the neighbouring Aljustrel mine. The average indium grade in zinc deposits from which it is recovered ranges from 1 g/t to 100 g/t. Generally, the lead-zinc rich massive sulphide deposits contain the highest indium concentrations with values of up to 120ppm of indium in sphalerite.3 The presence of indium at Lagoa Salgada was initially identified in LS-1 resource by work completed by the University of Porto. A team of geologists from the University is completing some work to update the historical assessment of indium at Lagoa Salgada.
The highest grade in the LS-MS-02 hole was 109ppm (i.e.109 g/t). The grade of indium in this hole is encouraging and in line with other deposits in the Iberian Pyrite Belt. If the indium were to be payable in the concentrate, or allowed for lower treatment charges offered by the smelter, this would help improve the economics of any mining operation.
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