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Mount Hope Mining Limited (ASX:MHM)

ALERT: Price-sensitive ASX Announcement for MHM
Current share price for MHM : $0.160 0.02 (14.29%)+
Announcement
Release
24 Jul 2026 8:20AM
Price at Release
$0.140
Full Release
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Summary
Mount Hope Mining Limited announced the successful results of their Phase 1 metallurgical testwork at the Mt Solitary Gold Prospect. The testwork confirmed a high recovery rate of over 98% gold using conventional gravity and cyanidation methods. Significant findings included the presence of coarse, free-milling gold and a medium ore hardness. The results showed 70.4% gravity-recoverable gold and 94.6% cyanide-soluble gold in the tailings, suggesting a simple and low-risk processing route. These outcomes align with previous studies and position the Mt Solitary prospect for potential low-capital development via regional processing infrastructure. Further testwork and evaluations will continue to define the resource potential and development pathways.
Key Points
  • Gravity concentrate upgraded to 9,890 g/t Au at 94% recovery.
  • Coarse, visible free gold confirmed up to ~600 µm.
  • Bond ball mill work index of 13.1 kWh/t indicating medium ore hardness.
  • Gold system is coarse, free-milling, and amenable to gravity and cyanidation.
  • Indicative combined gold recovery of +98%.
  • Strong gravity recovery with 70.4% of contained gold recoverable.
  • Cyanide-soluble gold in tailings is 94.6%.
  • Potential low-capital toll-treatment or ore-purchase pathway.
  • Testwork conducted by ALS Metallurgy in Tasmania.
  • Results support advancement towards a maiden Mineral Resource Estimate.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.