Explorer Mount Burgess Mining (ASX:MTB) has highlighted the potential benefits germanium could provide to its Kihabe deposit in Western Ngamiland, Botswana.
It comes after the company, which has a $3.09 million market capitalisation, received enquiries regarding the germanium encountered following the definition of a ‘significant’ gallium exploration target at Kihabe.
As of 3:15pm AEST, Mount Burgess Mining’s share price has increased by 14.29% to $0.004.
Mount Burgess says results returned to date, in conjunction with the average 43.5% of drill hole lengths in quartz wacke containing germanium mineralisation of 4.2g/t, could represent a ‘significant’ credit for the totally oxidised shallow-basin shaped Nxuu deposit.
The average depth to base of mineralisation at this deposit is only 42.15m.
This potential ‘significant’ credit is amplified by previous work undertaken by the company in 2017 and 2021, when assaying was conducted on samples from drilling at both the Kihabe and Nxuu deposits.
Mount Burgess reports the increase in the price of germanium, which has been influenced by China’s decision to enforce restrictions on exports of the commodity, has also had a direct impact on results generated to date, with results now based on applying a 3g/t low cut grade.
The company also notes the University of Tasmania has confirmed that germanium and gallium are hosted in micas, which can produce high-percentage float concentrates.
However, the host minerals still need to be determined through additional mineralogical evaluation. Once this process is complete, metallurgical testwork will be required to confirm the processes required for on-site metal recoveries.
Mount Burgess Mining is an ASX-listed explorer focused on exploring and developing the Kihabe and Nxuu zinc/lead/silver/germanium and vanadium deposits in Botswana.
The company’s Kihabe-Nxuu Polymetallic Project is located on the border with Namibia, about 700km north of Botswana’s capital Gaborone.
Write to Adam Drought at Mining.com.au
Images: Mount Burgess Mining NL