Stellar Resources is pleased to announce that it has received results of the Severn Metallurgical Optimisation program from WorleyParsons for its Heemskirk Tin Project in Tasmania.
The results are extremely positive for Stellar Resources, which owns 100% of the project, and adds tangible value to the development economics. Key findings from the study, as reported by the ASX on Tuesday 24 March, include:
- An increase in tin recovery from 72.4%, established in the PFS, to 79.5%
- Average tin recovery across all deposits has increased by 4.5% to 72.8%
- PFS valuation has increased by 34.2% to A$82.3m
Shortly after the results were published, Peter Blight, Managing Director of Stellar Resources, said that this was a “significant milestone for the Heemskirk project” for two reasons:
“First, these results have demonstrated a step up in recovery for Severn, the major deposit, and promises improvements for the other deposits which to date have not been tested to the same degree.
“Second, the study has found robust data for optimising design criteria and processing conditions ahead of a definitive feasibility study to commence in 2015. It’s an exciting time for Stellar Resources.
“The Severn results have also been measured against the neighbouring Renison Bell (Metals X) tin processing plant when it was in its prime, and stack-up extremely well – an outcome that reinforces our view that there is much more upside to be harnessed at Heemskirk.”
Proactive Investors Australia has also reported how this result is a significant milestone for Stellar Resources. Its recent article informs readers that key advances made by Stellar in the process circuit include elimination of heavy media separation; increase in primary grind size; and optimisation of the sulphide float circuit, which reduces tin losses to the sulphide float tail from 10.1% to 2.6%.
To read the full ASX announcement, please visit: http://stellar.synotivewebdesign.com/wp-content/uploads/2015/03/150002SRL.pdf
To read the full Proactive Investors Australia article, please visit: http://www.proactiveinvestors.com.au/companies/news/61401/stellar-resources-upgrades-severn-tin-deposit-in-tasmania-61401.html