Market Mover | WA1 Resources shares soar 22% on positive metallurgical test results

1. High-Grade Concentrate Production: The testwork has successfully demonstrated the capability to produce a high-grade niobium concentrate with low impurities from the Luni oxide mineralization, a significant milestone for the project's feasibility.

2. Outstanding Flotation Outcomes: Utilizing a standard two-stage flotation process, the testwork achieved a high-grade concentrate of 51% Nb2O5 with a 62% recovery rate and an even higher concentrate grade of 61% Nb2O5 with a 52% recovery rate.

3. Locked Cycle Test Confirmation: The locked cycle test results substantiated the flotation regime's efficiency, yielding a concentrate grade of 58% Nb2O5 at a 53% recovery rate.

The company's ongoing testwork is focused on refining the beneficiation stage, with a view to enhance the process further and adapt additional steps from established niobium operations. WA1's Managing Director, Paul Savich, commented: "Our first beneficiation testwork program has produced high-grade niobium concentrates with low impurities and at industry-comparable recovery rates through a practical two stage flotation regime. We consider this an excellent outcome towards unlocking the significantinherent strategic value of Luni."