Magnetic Resources (ASX:MAU) achieved high recovery rates from recent metallurgical testing of samples sourced from the Lady Julie North deposit in Western Australia, according to a Thursday filing with the Australian bourse.
Testing averaged a 91% recovery rate from seven composites, the filing said. Five were tested via a conventional gravity/leaching process. An additional flotation and fine grind of float cons were also done to two of the composite samples.
The company's shares fell past 4% in recent Friday trade.
Price (AUD): $1.29, Change: $-0.06, Percent Change: -4.44%
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