Fortune Minerals Limited. T.FT

CM enrichment in slag from the Kennecott CU smelter

[Allman]

For interest sake ... 

slag samples from the Bingham Canyon porphyry Cu-Mo mine in Utah  ... Relative to the Cu-Mo ore, the slag is highly enriched in critical minerals and other commodities including As, Cd, In, Mo, Pb, Sb, Sn, and Zn, with enrichment factors generally greater than 20 (enrichment factor = concentration in slag/concentration in head sample). The slag is also enriched, albeit to a lesser extent, in Bi, Cu, Co, Ge, and Tl (enrichment factors usually less than 10).

https://gsa.confex.com/gsa/2023AM/meetingapp.cgi/Paper/391621

[Allman]

For more interest sake, came across a recent article about Resolution Copper, who have a proposed joint venture underground copper mine in Arizona, and Rio Tinto is involved. They plan to process their ore at Kennecott, so I suppose, potentially, down the road this could be more additional feedstock for FT. https://silverbelt.com/article/looking-for-critical-minerals

[geolith]

The world is full of mines that produce concentrates.  Smelters are expensive and make money accepting and processing this feedstock.  Fortunes Nico is a proposed mine to produce concentrates and a hydromet plant that teplaces the smelter.  It makes money.

[Allman]

From FT's Rio Tinto news release ..."The partnership aims to maximize the value of critical mineral supply chain investments and increase Fortune’s planned cobalt and bismuth refining operations to process co-product streams of the minerals recovered from the Kennecott smelter." So I suppose if Resolution Copper processes their ore using the Kennecott smelter, potentially, down