Australian Explorer, Pacifico Minerals Limited (ASX: PMY) reportedly advanced its Optimised Pre-Feasibility Study (PFS) on its 75% owned Sorby Hills Lead-Silver-Zinc Project. A 50% increase in plant throughput from 1.0Mtpa to 1.5Mtpa is justified by the resource upgrade.
Heavy Liquid Separation testwork on low-grade ore gave excellent results, while improved lead recovery estimates were confirmed by Metallurgical testwork. The company has completed Open pit optimisation and mine scheduling. Besides, simple process plant design has been finalised with engineering and cost estimation progressing.
PMY’s optimised PFS is on track, and is expected to be completed in June. With increased confidence gained from Phase III drilling, resource update is underway.
PMY stock is trading at $0.004 (12:32 PM AEST).