🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Cobre kicks off hydrogeological test study for in-situ copper mining at Ngami

Published 22/11/2023, 10:30 am
Cobre kicks off hydrogeological test study for in-situ copper mining at Ngami
HG
-

Cobre Ltd (ASX:CBE) has kicked off a 3D hydrogeological test study to prove the viability of developing an in-situ copper mine at its Ngami Copper Project (NCP) in Botswana’s Kalahari Copper Belt (KCB).

To do that, the company has begun drilling two pumping and injection wells to gain insights into aquifer permeability, anisotropy, extent and groundwater flow directions in areas with high- and moderate-grade zones of mineralisation in the southern anticlinal structure of the NCP.

Cobre is aiming to prove up a similar in-situ copper recovery (ISCR) process to Taseko Mines (NYSE:TGB)' Florence Copper Deposit in Arizona, which boasts 320 million tonnes at 0.36% copper and shares a similar scale to NCP.

READ: Cobre welcomes potential for extensive in-situ copper mining at Ngami

The test work will be undertaken in two phases:

  • Phase 1 - Short-term single well pumping and injection test providing insight into the injection feasibility prior to the start of the more comprehensive follow-on stage; and
  • Phase 2 - long-term two well pumping and injection test designed to evaluate the aquifer characteristics at two locations over a longer period.

Both phases of work are expected to be completed in the next quarter.

WSP Australia Ltd has been engaged to provide oversight and modelling of the pumping-injection test results.

Map showing the position of the test study on the southern anticline of the NCP.

Critical work

“We’re excited to get this important phase of work started,” Cobre chief executive officer Adam Wooldridge said.

“Results from the program will provide a critical stage gate for our ISCR journey on this project.

“If proven successful, applying ISCR to extract the copper and silver mineralisation will present an ideal, low capex, low opex and environmentally-friendly method for producing copper cathode on-site.”

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.