IMPRESSIVE INITIAL RESULTS FROM GOLDEN CROWN PROSPECT

Study Highlights Strong Correlation Between Higher Gold Grades and Recovery Efficiency

Mt Malcolm Mines NL (ASX: M2M) has announced outstanding initial results from a sample processing study conducted at the Golden Crown Prospect. The study assessed gold recoveries over multiple grades and evaluated the project’s economic potential by processing seven batches of samples from 62 mineralised intercepts from the February 2024 RC drilling program using wet gravity separation at a nearby third-party plant.

Highlights

  • The average gravity gold recovery achieved through the study is 63.4%.
  • The processing study highlights a strong correlation between higher average grades of gold and improved gold recovery.
  • The gold recovery across the sample batches varied within a range of 34.7% (Batch B) to 87.7% (Batch G).
  • Batches with an average gold grade of 4 g/t Au and above achieved gold recovery rates at the higher average of 73.3%.
  • Site preparation has begun for the bulk sampling program, which targets up to ~8,000 tonnes of high-grade shallow gold mineralisation.

Managing Director, Trevor Dixon, said,

The preliminary findings of the initial analysis of the gold recovery across seven sample batches reveals a consistent trend: higher average gold grades correlate with better recovery efficiencies. This result enhances the future mining potential at the Golden Crown prospect, emphasizing shallow, higher-grade gold mineralisation. The proximity and availability of a pilot processing plant further strengthens the Golden Crown Prospect for future small scale mining operations.

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