RCM

TOMRA XRT ore sorting on historical stockpiles at Webbs achieved exceptional silver upgrades (565→994 g/t unprocessed ore with 98% recovery) and dramatic mass rejection (44–94%), demonstrating immediate feed-grade improvement and potential cost reduction for the scoping study. The technology has validated applicability across multiple stockpile types, positioning RCM to unlock near-term cash flow from waste material while materially improving project economics.

RCM has mobilised drilling at Webbs to test southern ore-body extension and a newly discovered parallel lode, backed by historical high-grade silver-lead-zinc intercepts (461 g/t AgEQ) from 1980s open-file data at Tangoa South. The update clarifies metallurgical assumptions, commodity pricing methodology, and confidence levels in legacy data following the original 22 May announcement.

Rougher flotation testwork confirms exceptional metallurgical response across silver, lead and zinc at Webbs and Consol, with industry-leading recoveries (98.7% Ag, 99.3% Pb) and high-grade concentrates de-risking a critical technical hurdle for project economics. Results validate commodity exposure and warrant progression to cleaner flotation and flowsheet optimization, though final saleable concentrate grades remain undefined.