Gallium could provide product credit for Mount Burgess’ Project!

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Gallium could provide product credit for Mount Burgess’ Project!

Mount Burgess Mining NL
Image source: Company website

Highlights

  • Mount Burgess Mining NL (ASX:MTB) has reviewed its assay results for Gallium (Ga) which can provide a further product credit for the Kihabe – Nxuu Polymetallic Zn/Pb/Ag/V/Ge/Ga Project.
  • There have been significant price increases in Gallium, from US $250/kg in 2017 to US $615/kg currently (Kitco Strategic Metals).
  • Gallium has many modern applications and is also used as an alloy with most metals.
  • Mount Burgess plans to conduct mineralogical test work to determine the host mineral for Gallium.

Mount Burgess Mining NL (ASX:MTB) is currently developing the Kihabe and Nxuu Kihabe – Nxuu Polymetallic Zn/Pb/Ag/V/Ge/Ga Project in Botswana. In the past few months, Mount Burgess has undertaken in-depth reviews of existing project data resulting in gaining a better understanding of what is now required to move the polymetallic Zn/Pb/Ag/Cu/V/Ge project forward.

Of the two polymetallic sedimentary exhalative (SEDEX) style Kihabe and Nxuu deposits so far defined, Mount Burgess plans to develop the Nxuu Deposit first.

Continuing its in-depth review trajectory, the Company has assayed Samples from resource drilling for Gallium (Ga). It believes that Ga could now provide a further product credit for the Project.

Potential Significance of Gallium for Kihabe – Nxuu Project

Samples from resource drilling have been assayed for Gallium since November 2017. Recently, there have been significant price increases in the metal, from US $250/kg in 2017 to US $615/kg currently (Kitco Strategic Metals). This propelled Mount Burgess to review its assay results as Ga could now provide a further product credit for the Project.

Modern uses of Gallium

Significant findings

Mount Burgess revealed the below for Nxuu Deposit Gallium intersections-

  • Large areas with Ga intersections also exhibit significant Zn/Pb grades.
  • As such, Ga could potentially be recovered at the same time.

Kihabe Deposit Ga intersections findings will be released to the market once the review is complete.

Way forward

Mount Burgess plans to conduct mineralogical test work to determine the host mineral for Ga. Notably, The University of Tasmania has sufficient samples to conduct such mineralogical test work on the metal. Once the host mineral for Ga has been determined, metallurgical test work will be conducted to see if the Ga can be recovered on site.

On 20 January 2022, MTB quoted A$ 0.006 on the ASX.

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