Mindoro Releases Exceptional Nickel Metallurgical Results

Mindoro Resources Ltd. (TSXV:MIO,ASX:MDO) announced that they have found fast rates with high nickel and cobalt recoveries from its Agata nickel laterite project in the Phillipines.

The press release is quoted as saying:

High pressure acid leach (HPAL) testing extracted approximately 98 percent of the nickel and 95-96 percent of the cobalt from limonitic material within 20 minutes. This leaching rate is 50 percent faster for HPAL processing than previously assumed in the scoping study announced on October 2, 2010 and filed on SEDAR in a NI 43-101 Technical Report dated November 19, 2010. With half the leaching time, the HPAL circuit throughput could be doubled, with higher nickel extraction than previously reported and resulting in significantly lower processing cost projections. Testing also demonstrated faster processing times and higher nickel recoveries for Atmospheric Leach (AL) processing than assumed in the scoping study.

John Dugdale, CEO of the Company, says:

“We are extremely pleased with these metallurgical results which advance our investigations into establishing a low-cost integrated processing operation at Agata.These results justify commencing a larger scale and more systematic metallurgical testing program in early 2011 as a precursor to commencing a pre-feasibility study.”

To access the full release, click here.