Flagship Minerals Ltd. advises that it will not proceed with the Option Agreements associated with its early-stage Tama Atacama Lithium Project in Chile. The decision follows a strategic review of the Company's lithium holdings in light of current market conditions and portfolio priorities. TALP comprises two Option Agreements and a Memorandum of Understanding covering approximately 1,200km2 of prospective lithium brine [...]
Flagship Minerals by way of a share placement to new and existing shareholders. $1.0 million received from new and existing investors. A further $144,449.40 of March 2024 Convertible Notes converted on the same terms. A further $105,000 participation by Management. Focus on balancing cash requirements vs project advancement vs dilution at current valuation. Flagship will be focusing the use of funds on the Pantanillo Gold [...]
Flagship Minerals is pleased to provide an update on drill data review for the Pantanillo Gold Project. Pantanillo is an advanced gold exploration project. Pantanillo hosts a 47.4Mt @ 0.69g/t Au for 1.05Moz Au qualifying foreign estimate, with approximately 98% of the QFE amenable to heap leach processing. The QFE is constrained by a pit shell reported in 2010. The pit focusses on extracting oxide and transitional [...]
Flagship Mineralshas completed a review of previous metallurgical testwork on the Pantanillo deposit within its 100% held Pantanillo Gold Project hosting 47.4Mt @ 0.69g/t Au for 1.05Moz Au QFE of mineralisation. Flagship completes a review of previous metallurgical testwork at the Pantanillo Gold Project. Pantanillo hosts 47.4Mt @ 0.69g/t Au for 1.05Moz Au - QFE1 of mineralisation. Pantanillo column leach testwork shows [...]
Flagship Minerals is positioning for a lower cost fast track to free cash flow with Pantanillo, an advanced oxide gold project with scale potential. Flagship will achieve this focusing on oxide gold (and copper) i.e. heap leachable mineralisation: Heap leaching is relatively simple and is a major source of gold, silver and copper. The advantage is the reduction or removal of crushing, and the removal of the grinding and [...]
