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Share Name | Share Symbol | Market | Type |
---|---|---|---|
West African Res Ltd | ASX:WAF | Australian Stock Exchange | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.02 | 1.22% | 1.66 | 1.65 | 1.675 | 1.675 | 1.6225 | 1.675 | 2,788,124 | 07:50:00 |
West African Resources Ltd (ASX:WAF) (TSX-V:WAF) is pleased to report preliminary metallurgical test work results from the Mankarga 5 Deposit located on the Tanlouka Permit, part of its Boulsa Project, in Burkina Faso.
Managing Director Richard Hyde commented on the metallurgical test work:
"These excellent results demonstrate further project potential after the heap leach starter project which will focus on generating cash flow from the oxide material of the Mankarga 5 deposit. We look forward to reporting the results of the scoping study heap leach starter project by the end of this month."
The results from the 100(mu)m bottle roll tests were conducted across all ore types and are very positive, showing high recoveries and low cyanide consumption (Table 1 below and also in link below). These results represent potential recoveries from conventional milling and CIL processing. The test work program is continuing and results will be reported as they are received.
Table 1 Direct Cyanidation Bottle Roll Test Work 80% passing 100 micronsTestNo
OxidationState
Overall %Gold
Calc’dHead Au
LeachResidue
Consumption(kg/t)
Extraction (ppm) Au NaCN Lime JS3391 Oxide 97.13 1.74 0.05 026 1.96 JS3392 Transition94.51
1.09 0.06 0.40 0.56 JS3393 Fresh 95.79 1.19 0.05 0.25 0.36 JS3394 Oxide 98.46 0.65 0.01 0.25 1.45 JS3395 Oxide 97.88 0.94 0.02 0.30 3.23 JS3396 Oxide 97.27 1.10 0.03 0.30 1.49 JS3397 Transition 95.58 1.36 0.06 0.23 1.15 JS3398 Fresh 93.98 1.00 0.06 0.25 0.35 JS3399 Fresh 73.58 0.83 0.22 0.29 0.45 Average 93.8 1.10 0.06 0.28 1.22Near-term Strategy
The Company aims to be a +50,000oz per annum gold producer within two years via a low-cost heap leach starter project at the Mankarga 5 deposit, subject to study outcomes. West African has secured a second-hand 1.6Mtpa heap leach plant as part of its plan to fast-track development of Mankarga 5. Detailed metallurgical test work is underway on Mankarga 5 drill core in Perth. Results of this test work will be incorporated into the scoping study which will be released by the end of July. The proposed project development schedule for Mankarga 5 is shown in link below.
To view all tables and the release, please visit: http://media.abnnewswire.net/media/en/docs/ASX-WAF-683429.pdf
About West African Resources Limited
Dual listed (TSX-V and ASX) West African Resources Limited is a gold-copper exploration company dedicated to creating shareholder value through the acquisition, exploration and development of resource projects in Burkina Faso, West Africa.
West African has a landholding of 6,370sq km and 200km of strike length of early Proterozoic Birimian greenstone belts, which are highly prospective for gold mineralisation.
Contact
West African Resources LtdNathan RyanInvestor RelationsT: +61-420-582-887E: info@westafricanresources.comWWW: www.westafricanresources.com
West African Resources LtdNathan Ryan, +61-420-582-887Investor Relationsinfo@westafricanresources.comwww.westafricanresources.com
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