Nord Precious's Beaver tailings return Ag concentrate

Executive Summary

• Nord Precious Metals reported commercial‑grade silver concentrate from Beaver Mine tailings, achieving 2,114.9 g/t Ag using Falcon concentration technology (≈1,173% concentration factor).
• Two concentration methods were tested; spiral technology yielded 1,268.6 g/t Ag (≈616–703% factor), confirming the presence of fine native silver recoverable by modern gravity circuits.
• The company received formal guidance from Ontario’s Ministry of Energy and Mines supporting toll‑processing arrangements for a district‑scale recovery permit, with commissioning of a 600‑t/d modular gravity plant targeted for 2026.

Key Details

• Test Results:
• Falcon concentration: 2,114.9 g/t Ag (1,028–1,173% concentration factor).
• Spiral concentration: 1,268.6 g/t Ag (616–703% concentration factor).
• Head Assays of Samples: 180.3 g/t and 205.8 g/t Ag.
• Additional Processing: Conventional gravity tables expected to further increase concentrate grades.
• Historical Drill Program (2020): 354 m of sonic drilling, 127 holes; grades ranged 13.7–314 g/t Ag, average 79.0 g/t Ag, plus 165.8 ppm Co, 341.9 ppm Cu, 114.1 ppm Ni.
• Regulatory Update: Ontario Ministry of Energy and Mines confirmed toll‑processing can be included in Nord’s forthcoming recovery permit application (response received Aug. 29).
• Permitting Advisor: Story Environmental (Haileybury, ON) engaged for permitting steps under the recovery permit framework.
• Community Relations: Ongoing agreements with three First Nations groups maintain social licence.
• Environmental Measures: Closed‑loop water recycling incorporated in testing program to meet anticipated permit conditions.
• Processing Facility: 600 t/d automated modular gravity plant already acquired; commissioning scheduled upon receipt of permit, with initial processing targeted for 2026.

Notable Quotes

“These results validate both our technical approach and our district strategy,” said Frank J. Basa, PEng, President and CEO.
“Material already mined sits at surface. The metallurgy is proven. The regulatory pathway is clear…the hub‑and‑spoke model works at the regulatory level.”