Mount Burgess Mining NL (ASX:MTB) Reveals New Insights on Nxuu Deposit
New Metal Contributions Identified
Mount Burgess Mining NL (ASX:MTB) has provided updated findings regarding its Polymetallic Nxuu Deposit in Botswana. The new data showcases the contributions of six metals: Zinc, Lead, Silver, Gallium, Germanium, and Vanadium Pentoxide. By incorporating these metals, a significant increase in resource drilling metrics is observed, revealing that 70% of resource drilling contains above low-cut grades of mineralisation.
Gallium emerges as a standout contributor with 1,004.7m of mineralisation at an average grade of 11.07g/t. This is followed by Zinc at 497.73m with an average grade of 1.8%, and Germanium at 473.87m with an average grade of 4.22g/t. Vanadium Pentoxide, Lead, and Silver also contribute significant lengths of mineralisation in the drilling efforts.
Operational Highlights
Notably, recovery test work indicates that 93% of Zinc and Lead can be recovered on-site through efficient extraction methods. Also, 82% of Vanadium Pentoxide can be recovered via gravity separation. Further test work is underway to evaluate the extractive processes and the production of marketable products, specifically for Gallium.
The inclusion of Gallium, Germanium, and Vanadium Pentoxide in the project substantially enhances its economic viability. Gallium alone contributes over double the mineralised length compared to Zinc, underpinning its strategic significance in modern technologies.
Future Outlook
Mount Burgess Mining plans to continue its focused drilling to improve confidence in the mineral resource estimates while exploring new opportunities for growth in the strategic metals sector. As the demand for metals like Gallium and Germanium continues to grow, the Nxuu Deposit positions itself to meet this demand effectively.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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