Regulus Resources Updates on Copper Extraction and Project Estimates

Exciting Progress in Copper Extraction with Nuton

Regulus Resources Inc. is making significant strides in its Phase Two metallurgical test program alongside Nuton LLC. This partnership, a venture under Rio Tinto, is focused on advancing innovative bio-leaching technology aimed at maximizing copper extractions at the AntaKori project.

The primary goal of the Phase Two program is to optimize the proprietary sulphide bio-leaching methods developed by Nuton. Previous tests have shown promise, indicating that AntaKori's mineralization is suitable for bio-leaching techniques. The initial phase successfully demonstrated that specific materials were receptive to these advanced technologies, paving the way for the current, more detailed investigation.

Details of the Phase Two Testing

In this ongoing test, Regulus is assessing a range of conditions across multiple test columns. Each column features a unique set of parameters designed to discover the most effective method for extracting copper from AntaKori's rich mineral deposits, particularly targeting the enargite-rich high-sulphidation mineralization that dominates this project's geology.

Thus far, results have been promising, with the Phase Two program yielding impressive copper extraction rates. Columns dedicated to testing enargite-rich minerals have achieved a peak copper extraction rate of 88.3%. Meanwhile, those testing porphyry-hosted chalcopyrite mineralization reached an extraction rate of 87.9%. This encouraging data highlights the potential efficiency of Nuton’s bio-leaching technology.

As test work progresses, Regulus aims to refine the optimal conditions for these mineral extraction processes. The team has initiated additional columns to gather further data and will provide updates upon their completion. This iterative testing underscores Regulus’ commitment to ensuring the most favorable extraction methods tailored to their unique mineralogy.

Advancements on the Integrated Sulphide Project

Alongside testing advancements, Regulus is also diligently working on the Integrated Sulphide Project in collaboration with Coimolache. This endeavor involves creating a comprehensive geological model to properly assess the resource estimate for the AntaKori project.

By blending geological insights and mineral composition analysis, both parties aim to construct a detailed evaluation of the resource potential in the region. Renowned consultancy SRK Peru has been commissioned to develop this integrated resource estimate, with expectations for completion in the upcoming months. It's critical for both companies to reach a consensus before any findings are made public.

CEO Insights on Future Prospects

John Black, the CEO of Regulus, expressed optimism regarding the outcomes of the current testing and resource modeling efforts. He remarked on the remarkable extraction rates achieved thus far and emphasized the potential for Nuton’s leaching technology to play a pivotal role in processing the mineralization at AntaKori. With ongoing test columns and the collaborative work on the integrated geological model, Regulus is positioning itself favorably for future developments.

Together with Coimolache, Regulus is leveraging its scientific knowledge and technological capabilities to explore and optimize resource extraction methods. Their focus remains steadfast on fostering advancements that will benefit stakeholders and the broader industry.

About Regulus Resources and AntaKori

Regulus Resources Inc. is an international mineral exploration company with a dedicated team at the helm. The AntaKori project, their flagship asset located in northern Peru, boasts significant indicated and inferred mineral resources, highlighting its potential within the copper-gold sector.

Regulus continues to enhance its resource base, currently hosting an indicated resource of 250 million tonnes, featuring a copper grade of 0.48% and substantial gold and silver content. Furthermore, the inferred resources stand at 267 million tonnes, emphasizing the extensive mineral potential possessed within this key asset.

Frequently Asked Questions

What is the main focus of Regulus Resources' recent tests?

The recent tests aim to evaluate Nuton's bio-leaching technologies for optimizing copper extraction from the AntaKori project mineralization.

What are the notable extraction rates achieved in the Phase Two program?

So far, the highest copper extraction for enargite-rich high-sulphidation mineralization reached 88.3%, while porphyry-hosted mineralization achieved 87.9%.

Who is collaborating with Regulus on the Integrated Sulphide Project?

Regulus is working in collaboration with Coimolache to develop an integrated geological model and resource estimate for the AntaKori project.

What technologies are being evaluated by Regulus Resources?

Regulus is assessing Nuton's proprietary sulphide bio-leaching technologies for improving copper extraction efficiencies.

What is the status of the resource estimate development?

SRK Peru has been engaged to develop the resource estimate and completion is anticipated in the near future.

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