Guardian Metal Resources PLC - Pilot Mountain: Industrial Garnet Results
Guardian Metal Resources (GMTLF) has announced significant results from its industrial garnet processing study at the Pilot Mountain Project in Nevada. Analysis of a 300kg bulk sample revealed 58.3% garnet and 0.37% scheelite content by mass, exceeding initial expectations. The study, conducted by SGS Canada, demonstrated successful garnet liberation of 58.5% at a 425 μm grind size, suggesting potential cost savings in grinding, flotation, and tailings management.
With a current Mineral Resource estimate of 12.53Mt, the results indicate potential for a significant garnet resource. The study showed possibilities for separating garnets through gravity and magnetic separation methods. Industrial garnet commanded average prices of US$190/tonne for imports and US$220/tonne for domestic product in the USA during 2023, with the US importing over 65% of its garnet requirements.
Guardian Metal Resources (GMTLF) ha annunciato risultati significativi dal suo studio di lavorazione del granato industriale presso il Progetto Pilot Mountain in Nevada. L'analisi di un campione bulk di 300 kg ha rivelato un contenuto di 58,3% di granato e 0,37% di scheelite per massa, superando le aspettative iniziali. Lo studio, condotto da SGS Canada, ha dimostrato un'efficace liberazione del granato del 58,5% a una dimensione di macinazione di 425 μm, suggerendo potenziali risparmi sui costi nella macinazione, nella flottazione e nella gestione dei materiali di scarto.
Con una stima attuale delle risorse minerali di 12.53Mt, i risultati indicano il potenziale per una significativa risorsa di granato. Lo studio ha mostrato possibilità di separare i granati attraverso metodi di separazione per gravità e magnetica. Il granato industriale ha comandato prezzi medi di 190 USD/tonnellata per le importazioni e 220 USD/tonnellata per i prodotti domestici negli USA nel 2023, con gli Stati Uniti che importano oltre il 65% delle proprie esigenze di granato.
Guardian Metal Resources (GMTLF) ha anunciado resultados significativos de su estudio de procesamiento de granate industrial en el Proyecto Pilot Mountain en Nevada. El análisis de una muestra a granel de 300 kg reveló un contenido de 58.3% de granate y 0.37% de scheelita por masa, superando las expectativas iniciales. El estudio, llevado a cabo por SGS Canadá, demostró una liberación exitosa de granate del 58.5% a un tamaño de molienda de 425 μm, sugiriendo posibles ahorros de costos en la molienda, flotación y gestión de relaves.
Con una estimación actual de Recursos Minerales de 12.53Mt, los resultados indican el potencial de un recurso significativo de granate. El estudio mostró posibilidades de separar granates mediante métodos de separación por gravedad y magnética. El granate industrial tuvo precios promedio de 190 USD/tonelada para importaciones y 220 USD/tonelada para productos nacionales en EE. UU. durante 2023, con EE. UU. importando más del 65% de sus requerimientos de granate.
Guardian Metal Resources (GMTLF)은 네바다의 파일럿 마운틴 프로젝트에서 산업용 가넷 처리 연구의 중대한 결과를 발표했습니다. 300kg 대량 샘플 분석 결과 58.3%의 가넷과 0.37%의 스켈라이트가 포함되어 있어 초기 기대를 초과했습니다. SGS 캐나다가 수행한 이 연구는 425 μm의 세분화 크기에서 58.5%의 가넷 해방 성공률을 보였으며, 이는 분쇄, 부유 및 폐기물 관리에서 비용 절감 가능성을 시사합니다.
현재 12.53Mt의 광물 자원 추정치를 바탕으로 결과는 상당한 가넷 자원의 잠재력을 나타냅니다. 연구는 중력 및 자기 분리 방법을 통해 가넷을 분리할 가능성을 보여주었습니다. 산업용 가넷은 2023년 미국에서 수입의 경우 톤당 190 USD, 국내 제품의 경우 톤당 220 USD의 평균 가격을 기록했으며, 미국은 가넷 요구량의 65% 이상을 수입했습니다.
Guardian Metal Resources (GMTLF) a annoncé des résultats significatifs de son étude de traitement du grenat industriel au projet Pilot Mountain dans le Nevada. L'analyse d'un échantillon en vrac de 300 kg a révélé un contenu de 58,3% de grenat et 0,37% de scheelite par masse, dépassant les attentes initiales. L'étude, réalisée par SGS Canada, a démontré une libération réussie du grenat de 58,5% à une taille de broyage de 425 μm, suggérant des économies potentielles de coûts dans le broyage, la flottation et la gestion des résidus.
Avec une estimation actuelle des ressources minérales de 12.53Mt, les résultats indiquent un potentiel pour une ressource significative en grenat. L'étude a montré des possibilités de séparation des grenats par des méthodes de séparation par gravité et magnétique. Le grenat industriel a commandé des prix moyens de 190 USD/tonne pour les importations et 220 USD/tonne pour les produits domestiques aux États-Unis en 2023, les États-Unis important plus de 65% de ses besoins en grenate.
Guardian Metal Resources (GMTLF) hat bedeutende Ergebnisse aus seiner industriellen Granatverarbeitung am Pilot Mountain Projekt in Nevada angekündigt. Die Analyse einer 300 kg-Mustermenge ergab einen Gehalt von 58,3% Granat und 0,37% Scheelit nach Masse, was die ursprünglichen Erwartungen übertroffen hat. Die Studie, die von SGS Kanada durchgeführt wurde, zeigte eine erfolgreiche Granatbefreiung von 58,5% bei einer Mahngröße von 425 μm, was auf potenzielle Kosteneinsparungen beim Mahlen, Flotieren und der Abfallwirtschaft hinweist.
Mit einer aktuellen Schätzung der Mineralressourcen von 12.53Mt deuten die Ergebnisse auf das Potenzial einer signifikanten Granatreserve hin. Die Studie zeigte Möglichkeiten zur Trennung von Granaten durch Schwerkraft- und Magnettrennmethoden. Industrieller Granat erzielte im Jahr 2023 durchschnittliche Preise von 190 USD/Tonne für Importe und 220 USD/Tonne für inländische Produkte in den USA, wobei die USA über 65% ihrer Granatanforderungen importieren.
- High garnet content of 58.3% in bulk sample exceeds expectations
- Potential cost savings identified in grinding, flotation, and tailings management
- Large resource potential with current MRE of 12.53Mt
- Strong market opportunity with US importing >65% of garnet needs
- Favorable domestic US garnet prices at $220/tonne
- None.
Guardian Metal Resources plc
('Guardian Metal' or the 'Company')
Pilot Mountain: Significant Industrial Garnet Results
LONDON, UNITED KINGDOM / ACCESSWIRE / January 13, 2025 / Guardian Metal Resources plc (LON:GMET)(OTCQX:GMTLF), a strategic mineral exploration and development company focused on tungsten in Nevada, USA, is pleased to announce the initial results of the industrial garnet processing study at the Company's
As part of multiple project development steps that are currently progressing in parallel, the metallurgical processing characterisation study on a composite bulk sample of industrial garnet has been completed by SGS Canada Inc. at its laboratory in Ontario, Canada. The 300kg bulk sample consisted of approximately 118m of half-core samples taken from six historical drillholes.
Following the announcements on 8 February 20241, which first introduced the garnet potential at Pilot Mountain, and 9 July 20242, which marked the commencement of the garnet metallurgical programme, the processing characterisation results are outlined below.
Garnet Analysis Highlights:
Initial processing characterisation results based on a 100kg split of the 300kg composite sample returned combined size fractions comprising
58.3% garnet and0.37% scheelite (CaW04) by mass. This result far exceeds the Company's initial expectations.Given the current Mineral Resource estimate ("MRE") tonnage of 12.53Mt and assuming a homogeneous garnet distribution across the Project, the characterisation results offer strong potential for a significant garnet resource to be established at Pilot Mountain.
Successful garnet liberation was shown to be
58.5% by mass at the relatively coarse 425 µm grind size highlighting the possibility of the following downstream cost savings:Reduced comminution (grinding) costs;
Savings related to reduced power requirements and reagents in flotation; and
Smaller tailings dam requirements.
Garnets are relatively heavy, with a higher specific gravity compared to other silicates and carbonates, with the study showing potential for removal of garnets (along with sulphides and scheelite) via gravity separation, followed by magnetic separation to then separate garnet from scheelite.
Historical studies report that the dominant form of industrial garnet at Pilot Mountain is the mineral species andradite with a lesser proportion reported as being the grossular garnet species 3,4. This will be confirmed by further characterisation studies.
Industrial garnet imported into the USA in 2023 traded at an average price of US
$190 /tonne with US domestic garnet trading at a premium price of US$220 /tonne. Over the last 2 years, the USA imported >65% of its garnet requirements for industrial use.5Given the significant proportion of garnet identified in the sample and the very good liberation noted for scheelite and garnet at a relatively coarse grind size, the Company has instructed SGS to immediately continue gravity and magnetic separation tests of the remainder of the bulk sample material.
Marketing and further characterisation studies have been actioned by the Company's technical and marketing team which will aid in the determination of the suitability of Pilot Mountain garnets (and potential pricing) for various industrial applications.
Oliver Friesen, CEO of Guardian Metal, commented:
"We have been eagerly awaiting the results from the garnet processing characterisation studies and are extremely pleased with the data presented thus far from our metallurgical partners. While tungsten is without a doubt the main commodity of interest at Pilot Mountain, in a production scenario all potential revenue generating, as well as cost saving, opportunities need to be closely evaluated. Based on the above data it appears that the garnet opportunity could be material to the Project going forward.
"We are working closely with our technical and marketing team to now answer the next set of questions presented following the very successful characterisation and liberation results presented today."
FURTHER INFORMATION
Industrial garnet is used in a wide array of industries including abrasive blasting, water-filtration media, water-jet-assisted cutting, in abrasive powders, nonslip coatings and sandpaper.5 The industries that are known consumers of industrial garnet include aircraft and motor vehicle manufacturers, ceramics and glass producers, electronic component manufacturers, filtration plants, glass polishing, petroleum industry, shipbuilders, textile stonewashing as well as wood-furniture finishing operations.5 The global abrasives market was valued at US
References
2: https://www.londonstockexchange.com/news-article/GMET/pilot-mountain-garnet-update/16558041
3: The Development of Separation Technology from the Pilot Mountain Tungsten Project, Nevada, USA (2013). Zhang, J., Liu, Jianguo., Liang, D., Hong, Q.
4: Report on Laboratory Test on W03-Cu-Zn Ore Samples from the Pilot Mountain Tungsten Project, USA (2019).
5: United States Geological Survey (USGS), Mineral Commodity Summaries 2024.
6: https://www.marknteladvisors.com/research-library/global-abrasives-market.html
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018). The Directors of the Company are responsible for the contents of this announcement.
COMPETENT PERSON STATEMENT
The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, MIMMM QMR, MAusIMM, FGS), who is a qualified geologist and acts as the Competent Person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr O'Reilly is a Principal consultant working for Mining Analyst Consulting Ltd which has been retained by Guardian Metal Resources plc to provide technical support.
Forward Looking Statements
This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the timing and granting of regulatory and other third party consents and approvals, uncertainties regarding the Company's or any third party's ability to execute and implement future plans, and the occurrence of unexpected events.
Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.
For further information visitwww.Guardianmetalresources.comor contact the following:
Guardian Metal Resources plc Oliver Friesen (CEO) | Tel:+44 (0) 20 7583 8304 |
Cairn Financial Advisers LLP Nominated Adviser Sandy Jamieson/Jo Turner/Louise O'Driscoll | Tel: +44 20 7213 0880 |
Shard Capital Partners LLP Broker Damon Heath/Erik Woolgar | Tel: +44 (0) 20 7186 9000 |
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
SOURCE: Guardian Metal Resources PLC
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FAQ
What percentage of garnet was found in GMTLF's Pilot Mountain bulk sample?
What is the current market price for industrial garnet in the US market for GMTLF?
What is the current Mineral Resource Estimate (MRE) for GMTLF's Pilot Mountain Project?
What cost savings opportunities did GMTLF identify in the garnet processing study?
What percentage of US garnet demand is met through imports as relevant to GMTLF's market opportunity?
