04:36 PM EDT, 09/09/2024 (MT Newswires) -- ValOre Metals ( KVLQF ) after trade Monday provided an update on recently completed metallurgical testwork for it's Pedra Branca Platinum Group Elements (PGE) Project in northeastern Brazil.

The metallurgical and mineralogical programs completed to date have revealed a fine-grained nature and a low-sulfide association for the platinum group minerals that form mineralized zones at the site.

The company has embarked on two strategies: the Esbarro flotation testwork program is to advance in partnership with the University of Cape Town, including a complete material characterization and rougher test conditions optimization, while a Glycine leaching test will start at Draslovka's Perth Development Center, Australia, targeting improvement on palladium and platinum leaching extraction for the Esbarro Weathered material.

"The metallurgical and mineralogical programs completed to date have contributed considerably to our knowledge of the Pedra Branca PGE deposits," said exploration vice president Thiago Diniz. "We are confident that the upcoming testwork, employing two separate strategies, will build on what we have learned related to the nature of our mineralized material and will add to the excellent work performed at the Blue Coast Research and Dundee Sustainable Technologies facilities."

ValOre shares closed unchanged at $0.05 on the TSX Venture Exchange.