Fortune Minerals Ltd T.FT

SGS Testwork

[hounddog69]

Samples arrived at SGS two months ago:

https://www.fortuneminerals.com/news/press-releases/press-release-details/2024/Fortune-Minerals-Announces-Arrival-of-Samples-at-SGS-Canada-in-Lakefield-Ontario-for-Metallurgical-Testing/default.aspx

According to the flowsheets on the corp presentation, the pilot test work will of:

Mine Site Processing:
-crushing&grinding + two stage floatation. 

AB Site Processing:
- leaching, thickening (unclear if this is a CCD circuit or just several independent thickeners), solvent extraction, followed by smelting (calciner?).  

Any ideas if this testwork is purely lab scale, or does SGS have the ability to run a pilot plant? Have never dealt with SGS, only SRC. Leaching and Thickening is straightforward in a lab setting, ie add acid for leaching, add floc for thickening. SX is a bit more nuanced depending on the number of stages and diluent used. Assume SGS runs all the assays in house.

If we were doing this at my place of work the testwork would be done in a week or two, although the results and analysis + report compilation would be a couple more weeks. I would be surprised if the work isn't done already. Either way we should see results soon!

[red]

That's interesting....I wonder how many were in front of us a the lab. FT has to do its own optimization testing for its own purposes, which if your right, could be done and then there is the Rio Tinto samples .....can we blend or process separately....RG stated he was very confident we can do them but it's a matter of which way ...do we know if that testing is being done by sgs or if

[hounddog69]

Yeah that press release was extremely vague - not sure why? I'm guessing FT/Rio and SGS had a scope of work defined before the samples arrived at SGS. The test work could include honestly anything within the flowsheet, possibly the following: 1) Test full flowsheet (NWT + AB) with FT / Rio ores blended. Likely have a control test of just FT ore to compare against the FT / Rio blend. Possibly

[Freedom2022]

Electra just got another 5 million from the Feds, but there share price is .61c after all the good news they have gotten the last year. imo i dont see FT exploding in share price ever,, hopfully we can inch up in the .75c range in the next couple years or less. March 2025 Cobalt sulphateoptimization pilot completion dosnt sound like a "news in days" event,, Takeout or Major partner is