Mindoro, TVI Pacific Move Closer to Bankable Feasibility Study

Mindoro Resources Ltd. (TSXV:MIO,ASX:MDO) announced that, according to its partner, TVI Pacific Inc. (TSX:TVI,OTCQX:TVIPF), positive bench-scale test work completed at the Agata nickel-processing project has allowed it to commission and begin pilot-plant testing. That testing will help the company put together a bankable feasibility study.

According to the press release, highlights include:

• Extractions of 94% nickel achieved
• Agata ore highly amenable to acid leaching
• Low acid consumption rate of 650 kg/t ore
• More than 70 leach tests concluded to date
• TVI pilot plant testing expected to be completed during Q3 2013

Cliff James, chairman and CEO of TVI, commented:

We are extremely pleased with the results achieved. The process being developed could position the proposed Agata nickel processing plant amongst the lower cost producers.

Click here to read the full Mindoro Resources Ltd. (TSXV:MIO,ASX:MDO) press release.