Emerita Reports Albion Process Achieves 81% Gold and 96% Silver Recovery from Post Flotation Material Samples at IBW Project

Original announcement by tmx on

Company
Emerita Resources Corp.
Ticker
EMO
Exchange
TSX
Region
Spain
Primary commodity
Gold
Secondary commodities
Silver
Document categories
Metallurgy
Extracted
2026-09-13 22:45:25 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Emerita Resources has reported successful metallurgical test results for its IBW Project using the Albion hydrometallurgical process. The tests achieved 81% gold and 96% silver recovery from post-flotation material, representing a significant improvement in silver recovery over the previously evaluated pyrometallurgical route.

Reasoning: The Albion process significantly improves silver recovery (96% vs 64%) while maintaining comparable gold recovery (81% vs 81.5%) compared to the previously tested pyrometallurgical route.

Positive factors

  • Significant improvement in silver recovery compared to previous pyrometallurgical route
  • Comparable gold recovery to previous technology
  • Demonstrates technical robustness with two viable processing alternatives
  • Albion process is a commercially proven technology

Negative factors

  • Results are from post-flotation material, not the whole orebody

Facts used in scoring: 4

Classification and evidence

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: The Albion process involves ultra-fine grinding and oxidative leaching.

Evidence · text

“based on ultra-fine grinding and oxidative leaching”

QA/QC Disclosedpositive · Story-specific tag

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The release names a Qualified Person (Joaquin Merino, P.Geo.) and a Metallurgist (Jorge A. Blanco, MChem.) who reviewed the technical information.

Evidence · text

“reviewed and approved by each of Joaquin Merino, P.Geo., President of the Company and. Jorge A. Blanco, MChem., Director of Metallurgy”

POX/BIOX Routeneutral

Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX.

Why it applies: the document describes a pox_biox route ("albion")

Single Domain Onlynegative

Testing limited to one composite or domain — representativeness not established.

Why it applies: only one composite was tested

Extracted facts

Stored fact records: 4. Some facts used in scoring do not have a stored record.

Metallurgical Results (4)

Albion ProcessIBW Project · goldRecovery: 81 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
IBW Project
Commodity
gold
Region
spain
Reported Region
Spain
Ticker
EMO

Test Work

Program Status
detailed
Test Type
Albion Process
Processing Route
Albion Process (ultrafine grinding, atmospheric oxidation, oxidative neutral leaching, CIP)
Sample
post flotation material samples at IBW Project

Recovery

Recovery
81 %
Recovery Basis
actual_test

Lab

Laboratory
CORE Resources

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: 81% gold recovery is consistent with previous technology results.

Positive factors

  • Comparable gold recovery to previous pyrometallurgical route

Evidence · text

“achieved 81% recovery of gold”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the mill_cil signal

POX/BIOX Routeneutral

Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX.

Why it applies: processing_route matches the pox_biox signal

Albion ProcessIBW Project · silverRecovery: 96 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
IBW Project
Commodity
silver
Region
spain
Reported Region
Spain
Ticker
EMO

Test Work

Program Status
detailed
Test Type
Albion Process
Processing Route
Albion Process (ultrafine grinding, atmospheric oxidation, oxidative neutral leaching, CIP)
Sample
post flotation material samples at IBW Project

Recovery

Recovery
96 %
Recovery Basis
actual_test

Lab

Laboratory
CORE Resources

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-27T00:00:00.000Z

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: 96% silver recovery is a substantial improvement over the 64% reported for the CLEVR process.

Positive factors

  • Significant enhancement in silver recovery compared to previous route

Evidence · text

“96% recovery of silver”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the mill_cil signal

POX/BIOX Routeneutral

Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX.

Why it applies: processing_route matches the pox_biox signal

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 96% is at or above the exceptional band (90%)

Thermal Oxidation + CLEVRIBW Project · goldRecovery: 81.5 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
IBW Project
Commodity
gold
Region
spain
Reported Region
Spain
Ticker
EMO

Test Work

Program Status
detailed
Test Type
Thermal Oxidation + CLEVR
Processing Route
Thermal Oxidation + CLEVR
Sample
post flotation material samples (CLEVR process)

Recovery

Recovery
81.5 %
Recovery Basis
actual_test

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-27T00:00:00.000Z

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Historical result for comparison.

Evidence · table

“81.5”

Context: Thermal Oxidation + CLEVR

Thermal Oxidation + CLEVRIBW Project · silverRecovery: 64 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
IBW Project
Commodity
silver
Region
spain
Reported Region
Spain
Ticker
EMO

Test Work

Program Status
detailed
Test Type
Thermal Oxidation + CLEVR
Processing Route
Thermal Oxidation + CLEVR
Sample
post flotation material samples (CLEVR process)

Recovery

Recovery
64 %
Recovery Basis
actual_test

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-05-27T00:00:00.000Z

Dates

Event date
2026-03-02T00:00:00.000Z

Reasoning: Historical result for comparison.

Negative factors

  • Lower silver recovery compared to Albion process

Evidence · text

“64% silver recovery”

Tags used in scoring

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: 64% is below the weak band (75%)

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.