Update: Wellgreen Platinum Delivers Excellent Metallurgical Recoveries

Sep. 4.14 | About: Wellgreen Platinum (WGPLF)


Recoveries include increases of 35% for platinum and 13% for nickel .

Combined with the large Resource increase, increased recovery makes the upcoming PEA certain to be very good.

Institutional investors have been waiting for this update - the big fall mining conferences start next week.

Wellgreen Platinum (OTCQX:WGPLF) delivered another step forward in the promised project development with vastly improved metals recovery. Investors can view the entire NR here: http://bit.ly/1lIl2RZ

Take away message is that this project now matches the recoveries necessary to meet most smelter needs, as noted: "Based on our review of other commercial bulk nickel concentrates and smelting contracts, the Company and its concentrate marketing consultants believe that such a bulk concentrate is likely to have strong interest from multiple existing smelters."


"Based on the work with XPS and SGS labs, the Wellgreen mineralized material shows excellent metallurgical response that is typically above that observed in other similar grade deposits documented in their global databases."

These results are what has been necessary in order to attract a JV partner to advance the project. Given that most the world's platinum and palladium comes from Russia and South Africa, we believe end users of these critical components will be interested in securing a politically secure, reliable supply.

Investor sentiment continues to be challenging, however, we believe institutions have been waiting for these recovery studies and will look towards any dip as a great entry point.

Clearly a great deal to work has gone into this update and we are very pleased with the results:

Click to enlarge

Wellgreen is funded to advance the project and has no need of any near term additional financing. The Company has plans to meet with institutional investors at several conferences over the month of September which will be followed by the updated PEA.

Disclosure: The author is long WGPLF.

The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it. The author has no business relationship with any company whose stock is mentioned in this article.

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