Cobre Limited (ASX: CBE) has completed an additional injection and pumping well at Botswana's Ngami Copper Project. This new well, combined with existing injection and monitoring wells, has established a reciprocal injection-pumping circuit. The results demonstrate hydraulic connectivity along the central mineralisation zone and sufficient permeability in more profound, less fractured portions of the mineralised contact to support natural injection for an In-Situ Copper Recovery (ISCR) process. This further supports the viability of ISCR in extracting copper-silver from the significant mineralisation strike, estimated at 103 to 166Mt at 0.38 to 0.46% Cu.
This phase of work marks a significant achievement as it completes the field testing for 2024. It will now provide the basis for ongoing fluid flow modelling, a key component of the ongoing engineering and financial scoping study, setting the stage for the next phase of the project.
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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.
