Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
Cobre Limited (ASX: CBE) has confirmed the viability of high-purity quartz (HPQ) production from its Perrinvale Project in Western Australia following successful beneficiation and thermal testing. The tests demonstrated that contaminants can be significantly reduced using standard metallurgical methods, resulting in upgraded silica content from 99.64% to an average of 99.907% SiO₂. Thermal Stability Index (TSI) and Cohesion Index (CI) results support its suitability as furnace feedstock. The project's HPQ has attracted interest from Malaysia-based silicon smelter GK Silika, which is currently conducting independent testing. Additionally, no Aboriginal heritage constraints were identified, allowing exploration to proceed. The company aims to refine its beneficiation process to potentially deliver two product streams: one for silicon smelting and another for ultra-high purity quartz applications. These developments position Cobre to advance towards a mineral resource estimate and tap into growing global demand for HPQ in clean energy and electronics sectors.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.