ASX-BP8 Materials

BPH Global Ltd (ASX:BP8) Reports Encouraging Phase 2 Assay Results

ClubAI 10:01 am

Assay Results

BPH Global Ltd (ASX:BP8) has released assay results from its Phase 2 seaweed cultivation program, revealing gold concentrations up to 123.16 mg/kg and silver concentrations up to 80.58 mg/kg—substantially higher than those in Phase 1.

Project Overview

Phase 2 involved cultivating Sesuvium Portucalastrum seaweed in polluted, brackish waters near Johor, Malaysia, to test the hypothesis that seaweed absorbs more minerals in such conditions. The assays were conducted by Temasek Innovation Holdings Pte Ltd (TPIH) in collaboration with Gaia Mariculture Pte Ltd.

Executive Comments

Managing Director Mawhew Leonard stated, “The significantly higher concentrations of minerals, including gold and silver, found in the first assay results from Phase 2 of our R&D program represent an exciting milestone for the Company. These initial findings support our hypothesis that seaweed cultivated in polluted seawaters contains higher mineral concentrations compared to seaweed grown in clean, pristine waters. We look forward to further investigating this hypothesis with additional seaweed batches in Phase 2 of the R&D program.”

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Motley Fool contributor Lianne Eastty 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 recommended BHP Group. 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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