Positive Results from Preliminary Metallurgical Tests at El Potrero

Investor webinar replay

Meeting Overview The meeting focused on discussing the preliminary metallurgical test results from the El Potrero project, highlighting a gold recovery rate of 95.09%. Key insights were shared regarding the complexities of silver recovery and potential optimization strategies for future testing. Key Discussion Points - Announcement of preliminary metallurgical test results showing a 95.09% gold recovery rate. - Discussion on the lower and variable silver recovery rate averaging around 55%. - Exploration of the mineralogical complexities affecting silver recovery, including the presence of silver sulfides and electrum. - Consideration of optimization strategies for improving both gold and silver recoveries in future tests. - Variability in gold recovery results from gravity concentration tests indicating a nugget effect and distribution of free gold. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Explore optimization levers for gold and si...

Watch the replay

Replay transcript excerpt

[Speaker identities could not be resolved; generic labels used] [00:04] Speaker 1: Hello everyone and thank you for joining us for this live Pinnacle event. The company [00:09] Speaker 1: recently announced preliminary metallurgical test results from El Potrero, showing an average Gold recovery rate of 95.09%. [00:16] Speaker 1: Today we're joined by Bob Archer to discuss these exciting results. But before we begin, please note that this event is being recorded and will be made available shortly after we conclude here today. If you have any questions during the presentation, feel free to submit them in the chat box, which can be found on the bottom right corner of your screen. But Bob, congratulations on these preliminary metallurgical results. What are your initial thoughts on achieving 95% average gold recovery? And what does this milestone mean for the El Potrero project moving forward? [00:43] Speaker 2: Yeah, thanks Kyle. [00:45] Speaker 2: It was [00:46] Speaker 2: a nice, a really nice surprise, I guess you could say. We didn't really know what to expect [00:52] Speaker 2: when we sent the samples in because, [00:54] Speaker 2: as you know, [00:56] Speaker 2: there is [00:57] Speaker 2: a plant there that will need to be refurbished [01:00] Speaker 2: because it's been sitting idle for 35 years. [01:04] Speaker 2: And even though we know from the equipment that's there, [01:10] Speaker 2: what the process, what the flow sheet was previously, [01:13] Speaker 2: but we have absolutely no data from the time that it was in production in the past. And so we really didn't know what to expect [01:22] Speaker 2: when we sent the samples in. So, you know, it really was [01:25] Speaker 2: like starting from ground 0 in some respects, [01:28] Speaker 2: you know, to, [01...