Join our daily newsletter At The Bell to receive exclusive market insights
- Brazilian Critical Minerals (ASX:BCM) wraps up a key report into ESG-friendly ‘bioleaching’
- The company has now built a pilot plant in Brazil to be commissioned in next few weeks
- Drill assays are set to be undertaken shortly
- Shares last traded at 2.4 cents
Brazilian Critical Minerals (ASX:BCM), spearheading a technical report into ESG-friendly ‘bioleaching’ to yield rare earths, confirmed the potential of the technology this morning.
Conducted at a Texas-based facility called EcoBiome, the report has been “reviewed and signed off by independent consultants GE21 Consultaria Mineral”.
“GE21 conducted a full review of the background, methodology and results of the test programme prior to sign-off,” the company today wrote.
Previous result strengths
BCM pointed to previous tests EcoBiome has published in presenting today’s news.
The company highlighted a June 2023 result that showed the leach technology was able to produce “precious metals from Tres Estados … material” – highlighting a 15.9 grams per tonne grade for palladium and 0.62g/t for gold.
Those materials have been sent to Brazil for further pilot plant testing, according to today’s announcement – which didn’t include any new results.
Future plans ahead
BCM now has all the literal parts it needs to build a bioleaching pilot plant with assembly in-process.
The company expects to commission that plant within the next several weeks in the Catalao laboratory”. Nine 35-litre reactors will comprise the key assets.
“The finalisation of the importation of the required materials from EcoBiome in Texas is currently in progress with commencement of routine assaying of Três Estados drill holes scheduled for late January 2024,” the company wrote.
Shares last traded at 2.4 cents.
