Black Friday Sale! Save huge on InvestingProGet up to 60% off

Cobre demonstrates hydrogeological continuity along strike at Ngami Copper Project

Published 04/09/2024, 02:33 pm
Updated 04/09/2024, 03:00 pm
Cobre demonstrates hydrogeological continuity along strike at Ngami Copper Project
HG
-

Cobre Ltd (ASX:CBE) has completed an additional injection and pumping well at the Ngami Copper Project in the Kalahari Copper Belt of Botswana designed to add further hydrogeological understanding of fluid flow along the project’s primary mineralised target zone.

Combining this additional well with completed injection and monitoring wells, Cobre has established a reciprocal injection-pumping circuit.

This has demonstrated hydraulic connectivity between injection and pumping wells along the main mineralisation; and sufficient permeability in less fractured, deeper, moderate-grade portions of the mineralised contact to support natural injection for an in-situ copper recovery (ISCR) process.

Importantly, the program further demonstrates the viability of an ISCR process for extraction of copper-silver from the significant strike of mineralisation of between 103 and 166 million tonnes grading 0.38% to 0.46% copper — and builds on previously reported successful hydrogeological injection tests.

Locality map (plan above and oblique 3D view below) illustrating the position of the test study on the Southern Anticline of the NCP.

The company says that this phase of work completes the field test work for 2024 and will provide the basis for ongoing fluid flow modelling. The hydrogeological model forms a key component of the ongoing engineering and financial scoping study.

“Developing a robust hydrogeological model provides the foundation for our ISCR program. Successful completion of the pumping-injection study provides another milestone in our ISCR development journey,” Cobre CEO Adam Wooldridge said.

Groundwater response curves during injection and pumping with levels illustrated for both large diameter pump-injection wells. Results illustrate the hydrogeological connectivity between the wells.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.