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Luca Mining Corp. (LUCA.v, LUCMF for US investors) recently announced the successful completion of the first two stages of its Campo Morado Improvement Project (CMIP) and the launch of Stage 3. This phase will focus on refining metallurgical processes and improving operational efficiency at the company's Campo Morado mine in Guerrero State, Mexico.
Background of the Improvement Project
The CMIP, initiated in Q4 2023, follows a phased approach to enhance the mine’s overall performance.
- Â Stage 1: primarily concentrated on conducting a geometallurgical study and optimizing process controls
- Stage 2: aimed at improving plant reliability and ensuring sustainable operations.
- Stage 3: seeks to further improve the plant’s processing capabilities, aiming to produce three saleable concentrates—copper, lead, and zinc.
Significant Copper Recovery Gains
The CMIP has already led to substantial improvements in copper recovery:
- Copper recovery in bulk concentrate increased to 68.5%, up from 44.7% during the same period in 2023.
- This 53% improvement has resulted in an estimated 10% increase in revenue per milled tonne, assuming stable metal prices.
Planned Modifications Under Stage 3
In Stage 3, Luca Mining plans a series of modifications aimed at further improving mineral liberation and concentrate collection. These modifications include:
- upgrading metallurgical sampling systems
- modernizing reagent dosing
- enhancing air flow monitoring for flotation cells
- introducing a new bulk rougher concentrate surge tank
- and more.
These upgrades are designed to enhance the separation of copper and lead minerals, facilitating more efficient concentrate recovery through sequential flotation. The company expects to test the new copper-lead separation process by the end of the year, with full implementation of the project targeted for completion by Q2 2025.
Full news here: https://lucamining.com/press-release/?qmodStoryID=6639096705901100
Posted on behalf of Luca Mining Corp.
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