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Woulfe Mining Corp.(TSXV:WOF) announced that metallurgical work has been completed for feasibility on its Sandong property. The feasibility studied is expected by mid April, 2012.
As quoted in the press release:
Metallurgical testwork on the Sangdong scheelite ore has proved a highlight of finalising the inputs to the Sangdong Project Feasibility Study. Having established the optimum grind size, an all flotation circuit was trialled. The success of this and its lower capital cost compared with the more conventional gravity plus flotation circuit has resulted in its adoption as the project moves through feasibility to production.
Woulfe, CEO, Brian Wesson, said:
It was not an easy decision for management to delay the feasibility study to seek out the best technology available as a base of metallurgical test work. What made this even more difficult for us is that our signed strategic agreements require the feasibility study for the completion of due diligence. This time and effort was well spent as we have now shown that recoveries of 85% can be achieved, some 15% higher than historical. This positively impacts the return on investment as higher concentrate grade reduces both capital and process costs. Truly a great achievement so now the feasibility is moving rapidly to completion, and will be released in mid-April 2012.
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