# Waratah’s Consols gold delivers up to 93pc recovery

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/waratah-s-consols-gold-delivers-up-to-93pc-recovery--9c59aa26-5610-402f-a476-353fa44cb4cd

Original source: https://stockhead.com.au/resources/waratahs-consols-gold-delivers-up-to-93pc-recovery/

Publisher: stockhead

Original announcement: 2026-09-16T02:57:15.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Waratah Minerals

- Ticker: WTM

- Exchange: Unavailable

- Region: NSW

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Metallurgy

- Extracted: 2026-09-16 03:04:31 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Waratah Minerals reported strong gold recoveries of 89-93% from early testwork on the Consols Zone at its Spur project in NSW. The results, achieved via gravity recovery followed by conventional cyanide leaching, mirror previous successful testwork on the neighbouring Spur Zone and support a straightforward processing flowsheet.

Reasoning: Strong metallurgical results showing high recovery and simple processing potential for the Consols Zone.

- Positive factor: High gold recovery \(up to 93%\)

- Positive factor: Free-milling gold identified

- Positive factor: Simple processing pathway \(gravity + leach\) supported

- Positive factor: Results consistent with previous Spur Zone testwork

Facts used in scoring: 4

## Classification and evidence

**Free Milling**

Polarity: positive

Definition: Simple, clean ore amenable to standard processing without oxidation.

Why it applies: Testwork identified coarse, free-milling gold grains.

Evidence · text

> identifying coarse, free-milling gold

**Mill Route**

Polarity: neutral

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

Why it applies: Processing involves gravity recovery followed by conventional leaching.

Evidence · text

> gravity recovery followed by conventional leaching

**Gravity Route**

Polarity: neutral

Definition: Gravity separation forms a material part of the flowsheet.

Why it applies: the document describes a gravity route \("gravity"\)

**Multi-Domain Tested**

Polarity: positive

Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed.

Why it applies: 3 distinct composites were tested

## Extracted facts

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

## Metallurgical Results (4)

### diagnostic gold leaching

[Link to this fact](https://atlas-extractions.minestarters.com/news/waratah-s-consols-gold-delivers-up-to-93pc-recovery--9c59aa26-5610-402f-a476-353fa44cb4cd#fact-metallurgical-facts-0)

Spur project · gold

#### Identity

- Project: Spur project
- Commodity: gold
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: WTM

#### Test Work

- Program Status: preliminary
- Test Type: diagnostic gold leaching
- Processing Route: gravity recovery followed by conventional cyanide leaching
- Sample: six bulk samples from Consols Zone

#### Recovery

- Recovery: 93 %
- Recovery Basis: actual\_test

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Top-end recovery of 93% is very strong for early-stage testwork.

- Positive factor: High recovery rate

Evidence · text

> Consols testwork returns strong 89-93% gold recoveries

#### Tags used in scoring

**Gravity Route**

Polarity: neutral

Definition: Gravity separation forms a material part of the flowsheet.

Why it applies: processing\_route matches the gravity signal

### gravity separation

[Link to this fact](https://atlas-extractions.minestarters.com/news/waratah-s-consols-gold-delivers-up-to-93pc-recovery--9c59aa26-5610-402f-a476-353fa44cb4cd#fact-metallurgical-facts-1)

Spur project · gold

#### Identity

- Project: Spur project
- Commodity: gold
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: WTM

#### Test Work

- Program Status: preliminary
- Test Type: gravity separation
- Processing Route: gravity recovery
- Sample: Consols Zone gravity recovery

#### Recovery

- Recovery: 15 %
- Recovery Basis: actual\_test

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Average gravity recovery of 15% supports the proposed flowsheet.

- Positive factor: Significant gravity component

Evidence · text

> Gravity recovered between 4% and 24% of the gold, averaging 15%

#### Tags used in scoring

**Gravity Route**

Polarity: neutral

Definition: Gravity separation forms a material part of the flowsheet.

Why it applies: processing\_route matches the gravity signal

**Low Recovery**

Polarity: negative

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

Why it applies: 15% is below the weak band \(80%\)

### diagnostic leach testing

[Link to this fact](https://atlas-extractions.minestarters.com/news/waratah-s-consols-gold-delivers-up-to-93pc-recovery--9c59aa26-5610-402f-a476-353fa44cb4cd#fact-metallurgical-facts-2)

Spur project · gold

#### Identity

- Project: Spur project
- Commodity: gold
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: WTM

#### Test Work

- Program Status: preliminary
- Test Type: diagnostic leach testing
- Processing Route: conventional cyanide leaching
- Sample: Consols Zone conventional cyanide leaching

#### Recovery

- Recovery: 76 %
- Recovery Basis: actual\_test

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: 76% average leach recovery is robust for this stage.

- Positive factor: Strong leach recovery

Evidence · text

> subsequent conventional cyanide leaching recovered a further 68% to 86%, averaging 76%

#### Tags used in scoring

**Low Recovery**

Polarity: negative

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

Why it applies: 76% is below the weak band \(80%\)

### Fact 4

[Link to this fact](https://atlas-extractions.minestarters.com/news/waratah-s-consols-gold-delivers-up-to-93pc-recovery--9c59aa26-5610-402f-a476-353fa44cb4cd#fact-metallurgical-facts-3)

Spur project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Spur project
- Commodity: gold
- Region: australia\_nsw
- Reported Region: NSW
- Ticker: WTM

#### Test Work

- Program Status: preliminary
- Sample: Spur Zone material \(February 2026\)

#### Recovery

- Recovery: 97 %
- Recovery Basis: actual\_test

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-02-01T00:00:00.000Z

#### Dates

- Event date: 2026-09-16T00:00:00.000Z

Reasoning: Historical benchmark for comparison.

- Positive factor: High historical recovery

Evidence · text

> testwork carried out on Spur Zone material in February 2026 returned combined gravity and conventional leach recoveries of 90-97%

#### Tags used in scoring

**High Recovery**

Polarity: positive

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

Why it applies: 97% is at or above the exceptional band \(95%\)

## 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.