TG Metals (ASX:TG6) achieved concentrates of up to 6.31% lithium oxide using simple dense media separation (DMS) processing from metallurgical testing at the Burmeister deposit within the Lake Johnston lithium project in Western Australia.
The results "provide a positive start to underpin future engineering studies and confirmatory test work," the company said in a Wednesday filing with the Australian bourse.
Flotation test work results will be reported in November, including assays for the semi-continuous DMS test work, magnetic separation, and de-sliming.
Shares of TG Metals rallied 17% in recent trade.
Price (AUD): $0.18, Change: $+0.025, Percent Change: +16.67%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.