Pmet Resources Produces High-Recovery Caesium Concentrate From Canada Project; Shares Up 4%

MT Newswires Live10-09

Pmet Resources (ASX:PMT) produced marketable commercial-grade pollucite concentrate from its Shaakichiuwaanaan Project's Vega Caesium Zone in Canada, according to a Thursday Australian bourse filing.

The company reported a concentration of about 12% caesium oxide at 88% global recovery, reflecting the weighted-average of two combined size fractions that individually graded 20% caesium oxide and roughly 12% caesium oxide.

The company started evaluating options to advance and incorporate the caesium opportunity at Shaakichiuwaanaan as a potential future byproduct or co-product value stream, the filing said.

The company's shares rose nearly 4% in recent Thursday trade.

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