Warriedar Resources Achieves Higher Grade Antimony Concentrate at Ricciardo
WA8 (WA8) Share Update January 2025 Wednesday 15th
Warriedar Resources Reports Higher Grade Antimony Concentrate at Ricciardo
Warriedar Resources Limited (ASX: WA8) has announced a significant improvement in the grade of antimony concentrate from its Ricciardo deposit, indicating promising potential for future production.
Instant Summary:
- Antimony concentrate grade increased from 38.5% to 49% Sb.
- Antimony recovery remains high at 81%.
- Potential for utilizing the same plant for both antimony and gold processing.
- Maiden antimony Mineral Resource Estimate expected by late Q1 2025.
Antimony Concentrate Improvement
Warriedar Resources has successfully increased the antimony concentrate grade at its Ricciardo deposit from 38.5% to 49% Sb. This was achieved through detailed bench flotation test work, maintaining a high recovery rate of 81%.
The improvement in concentrate grade demonstrates a viable pathway to producing a marketable antimony concentrate, which could significantly enhance the project's economic feasibility.
Potential for Dual Processing
The results suggest that the same flotation plant planned for gold processing at the Golden Range Project could also be used for antimony, potentially streamlining operations and reducing costs.
Resource Estimate and Future Plans
Warriedar is on track to deliver a maiden antimony Mineral Resource Estimate for Ricciardo by late Q1 2025. The company is also conducting further metallurgical test work to optimize processes and explore additional antimony mineralization within the 'Golden Corridor'.
The improved antimony concentrate grade could enhance Warriedar's market position, potentially increasing the company's stock value as investors recognize the project's enhanced economic potential. The dual processing capability could further improve operational efficiency and cost-effectiveness.
Investor Reaction:
Analysts may view the increase in concentrate grade positively, as it indicates the project's potential to produce a high-quality product. The anticipated Mineral Resource Estimate could further bolster investor confidence in Warriedar's strategic direction.
Conclusion:
Investors should keep an eye on the upcoming Mineral Resource Estimate and any further announcements regarding the dual processing capabilities. Warriedar's advancements at Ricciardo could present new opportunities in the antimony market.