RNS11 Dec 2024 11:13
Summary:
Positives:
Poised to become the next new mine on the Iberian Pyrite Belt
Exploration expanding resource potential with new copper-rich feeder system discovered
High-quality saleable concentrate with limited impurities from Phase I test work
Improved Lead, Vanadium, and Precious Metals recoveries in Phase II metallurgical tests
Environmental Impact Assessment submitted, final approval expected Q1 2025
Construction approval anticipated Q4 2025
Feasibility Study optimization likely to lower Capex to NPV ratio
Strong metallurgical results: 79% zinc recovery with 45% grade, 53% lead recovery with 45% grade
Mercury reduction techniques improve concentrate marketability
Innovative partnerships with universities for advanced exploration techniques
Negatives:
Construction decision not expected until 2025
Phase II metallurgical test work results pending (expected Q1 2025)
Ongoing optimization efforts may delay final project timeline
Environmental approval process still in progress
Project still in development phase, not yet operational
Overall, Lagoa Salgada shows promising potential with significant advancements in exploration, metallurgy, and project optimization. The project benefits from strategic location and infrastructure but faces typical development-stage challenges and timelines