Q2 Metals (QTWO.V) has released the results of the first phase of its metallurgical test work that was conducted on the Cisco lithium project in Quebec. The initial objective of the test program was to reach a 70% recovery rate while ending up with a saleable concentrate. This test succeeded as the average recovery rates just exceed 70% while the company was able to achieve a concentrate grade of 5.6% and 5.69% from two of the three composite samples.
The next phase of the metallurgical test program will focus on achieving even higher recovery rates and hopefully the concentrate grade will see a nice boost as well.
As a reminder, Q2 Metals has an exploration target of 215-329 million tonnes at an average grade of 1.00-1.38% Li2O.
Disclosure: The author has a small long position in Q2 Metals. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
