LATEST METALLURGICAL RESULTS CONFIRM:
- Very high recoveries of Titanium (91%), Vanadium (95%) & Iron (97%)
- Very high grade end product purities of TiO2 (+99.5%), V2O5 (+94%) & Fe2O3 (+99.5%), (Indicative)
Speewah Metals Limited is very pleased to be advised of significant results from Stage 2 of the metallurgical test work being conducted by Process Research Ortech Inc. (PRO).
Key results include:
• Ti recovery of 91.1% to produce TiO2 product with indicative purity +99.5% TiO2;
• V recovery of 94.6% to produce V2O5 product with indicative purity +94.0 V2O5;
• Fe recovery of 97.0% to produce Fe2O3 product with indicative purity +99% Fe2O3.
These results represent a major success for the 10 month metallurgical programme.
A preliminary process flow sheet has been designed and work is now being completed to provide scoping and estimates of Capital and Operating costs in February 2012.
FUTURE FOCUS OF SPEEWAH
These excellent hydrometallurgical results confirm the likely development route to producing high quality Titanium, Vanadium and Hematite products at Speewah will be a mixed chloride leaching process. The processing flow sheet will be further optimized and product quality and recoveries confirmed by pilot plant testing over the coming 6 months.
Completion of feasibility studies and application for the approvals required for development will be largely addressed during 2012.
The Company has conceptualized a development at Speewah that produces 75,000 tonnes per year of TiO2 products that would represent approximately 50% of annual revenues. The project would also produce high grade V2O5 (target production 13,000 tonne/year) and Hematite (Fe2O3) (target production 400,000 tonne/year) representing the remaining 50% of estimated revenues.
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