# Balmoral Resources Ltd \(TSX:BAR\) Reports Positive Metallurgical Results from Initial Testing of H3 Ni-Sulphide Zone at Grasset, Quebec Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-tsx-bar-reports-positive-metallurgical-results-from-initi--02d2ed2d-0193-4a0a-80e9-a5a800cb236f Original source: https://money.tmx.com/en/quote/BAR/news/67582897/balmoral-resources-ltd-tsx-bar-reports-positive-metallurgical-results-from-initi Publisher: tmx Original announcement: 2015-09-30T21:11:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Balmoral Resources Ltd - Ticker: BAR - Exchange: TSX - Region: Quebec - Primary commodity: Nickel - Secondary commodities: Copper, Palladium, Cobalt, Platinum, Gold - Document categories: Metallurgy - Extracted: 2026-09-19 17:39:17 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Balmoral Resources reported positive initial metallurgical test results for the H3 Ni-Sulphide Zone at the Grasset Project in Quebec. Locked cycle flotation tests achieved nickel recoveries of 86.0-87.3% and copper recoveries of 93.5-94.4%, producing concentrates with good nickel and copper grades. Reasoning: Initial metallurgical testing of the H3 Ni-Sulphide zone yielded strong recoveries and concentrate grades using a conventional flotation flowsheet, de-risking the processing route. - Positive factor: High nickel and copper recoveries - Positive factor: Good concentrate grades - Positive factor: Conventional flowsheet success - Positive factor: Low hardness/grindability - Positive factor: No significant penalty elements - Negative factor: Precious metal recoveries are only estimates - Negative factor: Pending assays for Rh, Os, Ir - Negative factor: Variability in hardness noted Facts used in scoring: 4 ## Classification and evidence **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: Nickel recoveries of 86-87% and copper recoveries of 93-94% are in the upper quartile for nickel assets. Evidence · text > Nickel Recoveries of 86.0 to 87.3%, Copper Recoveries of 93.5-94.4% **Free Milling** Polarity: positive Definition: Simple, clean ore amenable to standard processing without oxidation. Why it applies: The ore is described as having moderate hardness and being amenable to a simple, conventional flotation flowsheet. Evidence · text > simple and conventional flowsheet produced bulk nickel concentrates **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: Testing utilized a primary grind and flotation circuit. Evidence · text > primary grind of p80=65 µm **Multi-Domain Tested** Polarity: positive Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed. Why it applies: 2 distinct composites were tested ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Metallurgical Results (4) ### locked cycle flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-tsx-bar-reports-positive-metallurgical-results-from-initi--02d2ed2d-0193-4a0a-80e9-a5a800cb236f#fact-metallurgical-facts-0) Grasset Project · nickel #### Identity - Project: Grasset Project - Commodity: nickel - Region: canada\_qc - Reported Region: Quebec - Ticker: BAR #### Test Work - Program Status: preliminary - Test Type: locked cycle flotation - Processing Route: rougher and three stage cleaner flotation, p80=65 um - Sample: MC-1 master composite - Grind P80: 65 µm #### Recovery - Recovery: 86 % - Recovery Basis: actual\_test - Head Grade: 1.87 - Head Grade Unit: % #### Lab - Laboratory: Blue Coast Research Ltd. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-09-30T00:00:00.000Z Reasoning: High nickel recovery on a representative master composite. - Positive factor: Strong recovery for initial testing #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked cycle flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-tsx-bar-reports-positive-metallurgical-results-from-initi--02d2ed2d-0193-4a0a-80e9-a5a800cb236f#fact-metallurgical-facts-1) Grasset Project · nickel #### Identity - Project: Grasset Project - Commodity: nickel - Region: canada\_qc - Reported Region: Quebec - Ticker: BAR #### Test Work - Program Status: preliminary - Test Type: locked cycle flotation - Processing Route: rougher and three stage cleaner flotation, p80=65 um - Sample: MC-2 master composite - Grind P80: 65 µm #### Recovery - Recovery: 87.3 % - Recovery Basis: actual\_test - Head Grade: 1.29 - Head Grade Unit: % #### Lab - Laboratory: Blue Coast Research Ltd. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-09-30T00:00:00.000Z Reasoning: Strong recovery on MC-2 composite. - Positive factor: Slightly higher recovery than MC-1 #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### locked cycle flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-tsx-bar-reports-positive-metallurgical-results-from-initi--02d2ed2d-0193-4a0a-80e9-a5a800cb236f#fact-metallurgical-facts-2) Grasset Project · copper #### Identity - Project: Grasset Project - Commodity: copper - Region: canada\_qc - Reported Region: Quebec - Ticker: BAR #### Test Work - Program Status: preliminary - Test Type: locked cycle flotation - Processing Route: rougher and three stage cleaner flotation, p80=65 um - Sample: MC-1 and MC-2 master composites - Grind P80: 65 µm #### Recovery - Recovery: 94 % - Recovery Basis: actual\_test #### Lab - Laboratory: Blue Coast Research Ltd. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-09-30T00:00:00.000Z Reasoning: Excellent copper recovery reported. - Positive factor: Very high copper recovery #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: 94% is at or above the exceptional band \(92%\) ### locked cycle flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/balmoral-resources-ltd-tsx-bar-reports-positive-metallurgical-results-from-initi--02d2ed2d-0193-4a0a-80e9-a5a800cb236f#fact-metallurgical-facts-3) Grasset Project · palladium #### Identity - Project: Grasset Project - Commodity: palladium - Region: canada\_qc - Reported Region: Quebec - Ticker: BAR #### Test Work - Program Status: preliminary - Test Type: locked cycle flotation - Processing Route: rougher and three stage cleaner flotation, p80=65 um - Sample: MC-1 and MC-2 master composites - Grind P80: 65 µm #### Recovery - Recovery: 89 % - Recovery Basis: actual\_test #### Lab - Laboratory: Blue Coast Research Ltd. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2015-09-30T00:00:00.000Z Reasoning: Palladium recovery is positive but noted as an estimate. - Positive factor: Good recovery for precious metal - Negative factor: Recoveries are estimates based on limited dataset #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.