Tiger Resources
Tiger Resources (ASX/TSX:TGS) is a copper/cobalt exploration company with excellent growth potential as it makes the transition from explorer to producer. Tiger has built up a highly-rated portfolio of properties, all strategically located on the world renowned Katanga Copperbelt in the Democratic Republic of the Congo (DRC).
The Company has completed the first feasibility study at its flagship Kipoi Project. The study is based on the exceptionally high grade Kipoi Central deposit where drill intersections of 104.5m @ 8.7% Cu, 109m @ 7.6% Cu and 118.6m @ 7.0% Cu have been reported.
Tiger Resources says latest leach tests at Kipoi signal higher copper recovery rates and low costs
Tiger Resources Limited (ASX; TSX: TGS) has reported positive results from leach tests at its Kipoi copper project in the Republic of Congo, saying it validated earlier leach test work results, signalling potentially high levels of copper recovery and low operating costs.
Leach kinetics were fast with high recovery of acid soluble copper being greater than 96% with majority of leaching completed in four hours, while gangue acid consumption was very low at less than 10 kg/t (kilograms per tonne), generally in the range of 4.5 to 6.4 kg/t.
The results did not offer any indication of adverse leach kinetics with coarser grind sizes, also suggesting that ore would be amenable to agitation or heap leaching or combination of the two.
The test work was a part of Stage Two feasibility work to determine the suitability of oxidised copper ore from the Kipoi project to be treated by leach solvent extraction electrowinning (SX/EW) processing to produce cathode copper, forming Stage Two of the planned development at Kipoi, which is targeting completion of construction of a 25,000 tpa (tonnes per annum) SCEW plant to produce cathode copper by late 2013.
The expanding resource at Kipoi could potentially support a 100,000 tpa SXEW production capacity, the company said in the statement.
The findings of the latest test work are consistent with conclusions made in earlier reports as results of all three studies showed that all mineralised lithology types at Kipoi Central had a high percentage of above 96% of readily leachable copper with low to moderate GAC, which Tiger Resources said was “very encouraging.”
Other Tiger Resources news
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02/06/10 Tiger Resources raises A$21.85 million for copper-cobalt project in DRC
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28/05/10 Tiger Resources completes US$12 million payment for Congo Minerals
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13/11/09 Tiger Resources completes A$7.5m placement
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10/11/09 Tiger Resources secures US$33.9 million equity and debt financing package
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16/09/09 Tiger Resources settles potential dispute over Kipoi copper project, DRC
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04/08/09 Tiger Resources faces contract dispute over Kipoi copper project stake acquisition
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