Hammer Metals Ltd (HMX) – ASX Release

Jubilee Metallurgy Study obtains outstanding +98% Copper recovery to concentrate

Hammer Metals Limited is pleased to report the results of the first metallurgical program for the Jubilee Cu-Au Prospect. Jubilee is located within the Mt Frosty Joint Venture between Hammer Metals Limited (51% and operator) and Mount Isa Mines Limited (49%).

The recently completed diamond drilling programme obtained significant results including 5.5 metres at 14.5g/t Au and 6.87% Cu from 74 metres within 14 metres at 5.93g/t Au and 2.19% Cu from 66 metres in HJDD003. (Refer to ASX release dated August 27th 2018).

Testwork was conducted on a single composite sample sourced from the three recently completed diamond drillholes (HJDD001, HJDD002 and HJDD003). Optimum grind and reagent settings were obtained in Test 3 which resulted in a peak copper recovery of 98% and gold recovery of 80% to a copper concentrate.

The maiden Mineral Resource Estimate for Jubilee is underway. It is anticipated the results will be released later in the quarter.


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