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Aftermath Silver Ltd. - $AAGFF STOCK NEWS

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Aftermath Silver has announced positive results from its ongoing metallurgical test work on mineralized rock from the Berenguela Ag-Cu-Mn project in Peru.

The tests, conducted at Kappes Cassiday and Associates' Reno facility, analyzed 16 composite samples from the 2021-2022 drill program.

Initial and recent tests confirmed that various samples, despite differences in metal content, can be processed using the same treatment route.

This indicates that approximately 33% of the contained manganese can be processed by direct leaching methods without ore sorting, potentially simplifying operations.

Further tests confirmed the recovery of over 94% manganese and up to 99% pure copper sulfide precipitation, paving the way for future test work on different mineralization types.

The findings suggest a robust processing method for the diverse mineralization in the resource, which enhances the project's potential.

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Aftermath Silver (TSXV: AAG, OTCQX: AAGFF) announced its participation in the 121 Mining Investment Conference in New York City. The event, scheduled for June 3-4, will host over 80 mining companies and more than 250 investors. This conference offers pre-arranged, targeted 1-2-1 meetings and includes expert commentary and market intelligence on key industry developments. Investors interested in attending can register for a free pass.

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Aftermath Silver (AAGFF) announced that Eric Sprott, through his 2176423 Ontario , has exercised 7,439,898 warrants at $0.25 per common share, raising his ownership to 14.4% with 33,519,694 shares. This exercise, along with additional warrants, generated C$1,989,439.5.

The funds will support the Berenguela silver-copper-manganese project in Peru. Berenguela has a resource estimate as of January 31, 2023, with 40.176 Mt of measured and indicated resources containing 101.2 Moz of silver, 2.455 Mt of manganese, and 589 Mlb of copper.

Aftermath plans a diamond drill program and ongoing metallurgical tests aiming to produce battery-grade manganese. The project benefits from proximity to infrastructure and contains critical metals for the clean energy sector.

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Aftermath Silver announced it has received approval to commence additional drilling at its Berenguela Project in Puno, Peru.

The approval, granted on April 29, 2024, allows for a 30-month drilling period including 140 drillpads for both diamond and reverse circulation drilling.

The Berenguela Project potentially contains significant silver, copper, and manganese resources, essential for clean energy and battery industries.

Currently, access agreements with surface rights holders are in place, allowing the initiation of the drilling program.

The project is well-located, being close to essential infrastructure and 4 hours from Arequipa by road.

Metallurgical test work is underway to produce commercial-grade silver, copper, and manganese products.

Berenguela's resources include 101.2 million ounces of silver, 2.45 million tonnes of manganese, and 589 million pounds of copper in the Measured and Indicated categories.

CEO Ralph Rushton expressed optimism about the potential for high-grade mineralization and further project development.

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Aftermath Silver Ltd. announces successful production of high purity battery grade manganese sulphate crystals from its Berenguela project in Peru. The metallurgical work yielded 99.98% pure manganese sulphate crystals assaying 31.9% Mn, with potential high recoveries of copper and silver. The company plans to advance the project towards a preliminary economic assessment (PEA) as battery grade manganese sulphate gains importance in electric vehicle production.
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Aftermath Silver Ltd. provides an update on target generation work at the Berenguela Ag-Cu-Mn project in southern Peru, with potential for bulk-tonnage porphyry and/or skarn-hosted copper mineralization. The company is expanding geochemical exploration and has an option to acquire a 100% interest in Berenguela through a binding agreement with SSR Mining.
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Aftermath Silver Ltd. will extend the expiry of 7,921,199 outstanding common share purchase warrants by one year, subject to approval from the TSX Venture Exchange. The Warrants were issued at a price of C$0.20 per Unit, with an exercise price of C$0.25. All other terms and conditions of the Warrants will remain the same.
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Aftermath Silver provides update on Berenguela project in Peru. Company pays $2.5 million to EMX ahead of schedule and defers $3 million payment until 2025. Focus on metallurgical test work and engineering studies.
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Aftermath Silver Ltd.

OTC:AAGFF

AAGFF Rankings

AAGFF Stock Data

48.91M
180.53M
13.16%
2.38%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
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