March 3rd news release...
Metallurgical and Engineering Update
Metallurgical optimization test work continues on representative samples from disseminated mineralization at Wellgreen. Testing has focused on optimizing the process flow sheet, grind size and reagent selection for the mineralized samples. Current work has been advanced using a conventional copper flotation process followed by magnetic separation to increase recoveries of PGMs prior to nickel flotation. Batch sample test work continues and includes optimization of the magnetic separation process, grinding requirements and evaluation of the extraction of the rare PGMs (rhodium, iridium, osmium and ruthenium) in addition to platinum, palladium and gold. Upon completion of the batch sample test work, the metallurgy team will commence locked cycle tests on composite samples. The results from this metallurgical test work will be used to generate recovery and concentrate grade assumptions for the Preliminary Economic Assessment (PEA) update in Q2-2014.
Engineering studies are also under way to look at optimizing the project using a staged production approach that will review a series of lower capex throughput with higher grade extraction concepts as compared with the 2012 PEA. In addition scenarios will also be evaluated to assess the optimal larger-scale production level that fully attains the economic potential of the resource to which the project may ultimately expand. Studies are also being completed to select optimal locations for mine infrastructure, which includes the camp, mill, water treatment plant and the tailings storage facility.
and...
SA
Wellgreen Platinum: A Gem Amongst The Rubble - Genuine '10-Bagger' Upside
Jan. 21, 2014 3:00 PM ET | About: WGPLF
This article is now exclusive for PRO subscribers.
Editor's notes: New management is among a series of positive catalysts and events that could drive WG.V higher. The platinum miner may make a mint for investors as an acquisition target.
(Editors' Note: Wellgreen Platinum trades under the symbol WG.V on the TSXV with average daily volume of ~$40,000 CAD)
Wellgreen Platinum: (OTCQX:WGPLF) (WG.V) Our 5-month investigation concludes that Wellgreen has the best Risk vs. Reward within the Platinum/Palladium sector:
Platinum/palladium supply remains at a significant deficit. ETF demand doubled in 2013.
Wellgreen Platinum holds one of the largest PGM deposits in the world; the Canadian location is ideally situated for off-take shipment to Asian smelters.
93% of global Platinum supply (83% of Palladium) comes from Russia, South Africa or Zimbabwe. High risk of supply shock. Labor unrest growing.
Recent Indonesia action banning export of unprocessed minerals will lead to an estimated 234,000 tonnes of unused capacity,
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