# ValOre Approves Phase 2 of Metallurgical Testwork for Pedra Branca PGE project in Brazil: Program Underway in Partnership with the University of Cape Town Department of Chemical Engineering Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/valore-approves-phase-2-of-metallurgical-testwork-for-pedra-branca-pge-project-i--a8bf3804-e2e7-4399-baf2-b1f7a3ed49d8 Original source: https://money.tmx.com/en/quote/VO/news/8186875156579202/valore-approves-phase-2-of-metallurgical-testwork-for-pedra-branca-pge-project-i Publisher: tmx Original announcement: 2026-02-09T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: ValOre Metals Corp. - Ticker: VO - Exchange: TSX - Region: Brazil - Primary commodity: Platinum - Secondary commodities: Gold, Palladium - Document categories: Metallurgy, Other - Extracted: 2026-09-13 06:41:53 UTC Narrative sentiment: 0.30 · Bullish ## Minestarters Atlas summary ValOre Metals Corp. has approved Phase II metallurgical testwork for its Pedra Branca PGE project in Brazil, focusing on scaling up bioleaching for weathered material and advancing flotation for fresh rock. The program, conducted with the University of Cape Town, supports the upcoming Preliminary Economic Assessment \(PEA\) targeted for late 2026. Reasoning: The announcement details the transition from Phase I \(proof of concept\) to Phase II \(scale-up/feasibility\) metallurgical testing, highlighting both promising flotation results for fresh rock and the need for bioleaching to address refractory weathered material. - Positive factor: Phase II testwork focuses on scaling up a novel bioleaching process - Positive factor: Phase I flotation testing on fresh material showed promising palladium and platinum recoveries \(70-80%\) - Positive factor: Bioleaching identified as a potential route to improve PGE liberation from weathered material - Positive factor: Partnership with University of Cape Town for technical expertise - Negative factor: Phase I batch flotation on weathered material returned low recoveries - Negative factor: Weathered material identified as refractory Facts used in scoring: 2 ## Classification and evidence **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: Phase I batch flotation on weathered material confirmed the refractory nature of the mineralization. Evidence · text > confirming the refractory nature of this material **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: The program includes advancing conventional flotation and leaching for fresh rock material. Evidence · text > Advancing conventional flotation and leaching testwork for fresh rock material **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: the document describes a heap\_leach route \("heap leaching"\) **POX/BIOX Route** Polarity: neutral Definition: Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX. Why it applies: the document describes a pox\_biox route \("bio-oxidation"\) **Single Domain Only** Polarity: negative Definition: Testing limited to one composite or domain — representativeness not established. Why it applies: only one composite was tested ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Metallurgical Results (2) ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/valore-approves-phase-2-of-metallurgical-testwork-for-pedra-branca-pge-project-i--a8bf3804-e2e7-4399-baf2-b1f7a3ed49d8#fact-metallurgical-facts-0) Pedra Branca · palladium Historical result Needs review: historical\_restatement #### Identity - Project: Pedra Branca - Commodity: palladium - Region: brazil - Reported Region: Brazil - Ticker: VO #### Test Work - Program Status: preliminary - Test Type: flotation - Processing Route: flotation - Sample: Phase I flotation testing on fresh material #### Recovery - Recovery: 75 % - Recovery Basis: actual\_test #### Lab - Laboratory: Blue Coast Research #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-09-09T00:00:00.000Z #### Dates - Event date: 2026-02-09T00:00:00.000Z Reasoning: Reported range of 70-80% for palladium recovery on fresh material. - Positive factor: Recoveries in the 70-80% range are promising for preliminary flotation Evidence · text > indicated potential palladium and platinum recoveries in the range of 70 - 80% #### 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 ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/valore-approves-phase-2-of-metallurgical-testwork-for-pedra-branca-pge-project-i--a8bf3804-e2e7-4399-baf2-b1f7a3ed49d8#fact-metallurgical-facts-1) Pedra Branca · platinum Historical result Needs review: historical\_restatement #### Identity - Project: Pedra Branca - Commodity: platinum - Region: brazil - Reported Region: Brazil - Ticker: VO #### Test Work - Program Status: preliminary - Test Type: flotation - Processing Route: flotation - Sample: Phase I flotation testing on fresh material #### Recovery - Recovery: 75 % - Recovery Basis: actual\_test #### Lab - Laboratory: Blue Coast Research #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2024-09-09T00:00:00.000Z #### Dates - Event date: 2026-02-09T00:00:00.000Z Reasoning: Reported range of 70-80% for platinum recovery on fresh material. - Positive factor: Recoveries in the 70-80% range are promising for preliminary flotation Evidence · text > indicated potential palladium and platinum recoveries in the range of 70 - 80% #### 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.