Goldsky's Barsele Project Shows Strong Gold Recovery in…

Event summary

Goldsky Resources reported 89.6% and 90.8% gold recovery rates for Central and Avan ore bodies at Barsele project.
Gravity gold recoveries ranged from 27.7% to 30.2%, indicating strong gravity-recoverable gold content.
Cyanide consumption was approximately 0.75 kg/t with lime consumption below 0.5 kg/t.
Test work conducted by Alfred H Knight Laboratory in Cornwall, UK, as part of PEA for Barsele.
Next steps include optimization ahead of Pre-Feasibility Study with additional test work.

The big picture

Goldsky's positive metallurgical results for the Barsele project confirm the viability of conventional gravity-cyanidation processing, a critical step in advancing the project's economic assessment. The findings support the company's strategy of consolidating gold assets in Sweden and Finland, positioning Barsele as a key asset in its portfolio. The project's scale and the favorable test results could attract investor interest as Goldsky moves toward a Pre-Feasibility Study.

What we're watching

Process Optimization: How further test work will impact gold leach recovery and reagent consumption ahead of PFS.
Project Economics: Whether the positive metallurgical results will translate into favorable PEA outcomes for Barsele.
Execution Risk: The pace at which Goldsky can advance from PEA to PFS and potential operational challenges.