Impact: Positive
Yesterday, SolGold released results from metallurgical test work done
at its Alpala project in northern Ecuador showing significantly
improved recoveries for Cu, Au, Ag and an improved Cu concentrate
grade. SolGold also stated that it plans to move forward with a pilot
plant operation in 2020 to investigate a molybdenum-rhenium circuit
for its copper concentrate as well as pyrite and magnetite recovery
processes that will reduce tailings. We view the improved recovery
results as a validation of the recoveries we used in our model (which
were higher than the PEA) and believe that the additional recovery
circuits could add significant value at Alpala should the metallurgy
be proven feasible.
