# Pivotal Metals lifts Horden Lake copper recoveries ahead of September scoping

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/pivotal-metals-lifts-horden-lake-copper-recoveries-ahead-of-september-scoping--7aede02a-d6e2-4d80-97a2-8a1338a4229d

Original source: https://stockhead.com.au/resources/pivotal-metals-lifts-horden-lake-copper-recoveries-ahead-of-september-scoping/

Publisher: stockhead

Original announcement: 2026-09-01T20:55:53.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Pivotal Metals

- Ticker: PVT

- Exchange: Unavailable

- Region: Québec

- Primary commodity: Copper

- Secondary commodities: Nickel, Gold, Silver, Palladium, Platinum, Cobalt

- Document categories: Metallurgy, Resource update

- Extracted: 2026-09-01 21:04:04 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Pivotal Metals has reported improved metallurgical results for the Horden Lake project, including a locked-cycle copper recovery of 90.5% into a 25.67% Cu concentrate. The updated recovery model, which includes significant nickel and precious metal credits, will be incorporated into the scoping study due in September.

Reasoning: Phase 2 metallurgy results show strong copper and nickel recoveries with clean concentrates, significantly de-risking the upcoming scoping study.

- Positive factor: High copper recovery \(>90%\) in locked-cycle tests

- Positive factor: Clean concentrates with no penalty elements

- Positive factor: Significant byproduct credits \(Ni, Au, Ag, PGMs, Co\)

- Positive factor: Expanded metallurgical database \(17 samples\)

Facts used in scoring: 10

## Classification and evidence

**High Recovery**

Polarity: positive

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

Why it applies: Copper recovery of 90.5% in locked-cycle tests is exceptional.

Evidence · text

> second locked cycle test recovered 90.5% of copper

**Mill Route**

Polarity: neutral

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

Why it applies: Process involves grinding and flotation circuits.

Evidence · text

> using grinding and rougher flotation followed by separate copper and nickel cleaning circuits

## Extracted facts

Stored fact records: 10. Some facts used in scoring do not have a stored record.

## Metallurgical Results (10)

### locked-cycle

[Link to this fact](https://atlas-staging.minestarters.com/news/pivotal-metals-lifts-horden-lake-copper-recoveries-ahead-of-september-scoping--7aede02a-d6e2-4d80-97a2-8a1338a4229d#fact-metallurgical-facts-0)

copper

#### Identity

- Commodity: copper
- Ticker: PVT

#### Test Work

- Program Status: detailed
- Test Type: locked-cycle
- Processing Route: grinding and rougher flotation followed by separate copper and nickel cleaning circuits
- Sample: latest locked-cycle composite

#### Recovery

- Recovery: 90.5 %
- Conc. Grade: 25.67
- Conc. Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-01T00:00:00.000Z

Reasoning: 90.5% recovery into a 25.67% Cu concentrate is a strong result for a locked-cycle test.

- Positive factor: High recovery into high-grade concentrate

Evidence · text

> second locked cycle test recovered 90.5% of copper into a concentrate grading 25.67% Cu

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/pivotal-metals-lifts-horden-lake-copper-recoveries-ahead-of-september-scoping--7aede02a-d6e2-4d80-97a2-8a1338a4229d#fact-metallurgical-facts-1)

nickel

#### Identity

- Commodity: nickel
- Ticker: PVT

#### Test Work

- Sample: updated model estimate

#### Recovery

- Recovery: 46 %
- Conc. Grade: 10.7
- Conc. Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-01T00:00:00.000Z

Reasoning: 46% nickel recovery provides significant byproduct credit.

- Positive factor: Provides meaningful byproduct value

Evidence · text

> estimates 46% nickel recovery into a 10.7% Ni concentrate

### Fact 3

[Link to this fact](https://atlas-staging.minestarters.com/news/pivotal-metals-lifts-horden-lake-copper-recoveries-ahead-of-september-scoping--7aede02a-d6e2-4d80-97a2-8a1338a4229d#fact-metallurgical-facts-2)

gold

#### Identity

- Commodity: gold
- Ticker: PVT

#### Recovery

- Recovery: 61 %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-01T00:00:00.000Z

Reasoning: 61% gold recovery reported as part of the combined model.

Evidence · text

> combined recoveries of 61% gold

### Fact 4

[Link to this fact](https://atlas-staging.minestarters.com/news/pivotal-metals-lifts-horden-lake-copper-recoveries-ahead-of-september-scoping--7aede02a-d6e2-4d80-97a2-8a1338a4229d#fact-metallurgical-facts-3)

silver

#### Identity

- Commodity: silver
- Ticker: PVT

#### Recovery

- Recovery: 73 %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-01T00:00:00.000Z

Reasoning: 73% silver recovery reported as part of the combined model.

Evidence · text

> 73% silver

### Fact 5

[Link to this fact](https://atlas-staging.minestarters.com/news/pivotal-metals-lifts-horden-lake-copper-recoveries-ahead-of-september-scoping--7aede02a-d6e2-4d80-97a2-8a1338a4229d#fact-metallurgical-facts-4)

palladium

#### Identity

- Commodity: palladium
- Ticker: PVT

#### Recovery

- Recovery: 60 %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-01T00:00:00.000Z

Reasoning: 60% palladium recovery reported as part of the combined model.

Evidence · text

> 60% palladium

### Fact 6

[Link to this fact](https://atlas-staging.minestarters.com/news/pivotal-metals-lifts-horden-lake-copper-recoveries-ahead-of-september-scoping--7aede02a-d6e2-4d80-97a2-8a1338a4229d#fact-metallurgical-facts-5)

platinum

#### Identity

- Commodity: platinum
- Ticker: PVT

#### Recovery

- Recovery: 29 %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-01T00:00:00.000Z

Reasoning: 29% platinum recovery reported as part of the combined model.

Evidence · text

> 29% platinum

### Fact 7

[Link to this fact](https://atlas-staging.minestarters.com/news/pivotal-metals-lifts-horden-lake-copper-recoveries-ahead-of-september-scoping--7aede02a-d6e2-4d80-97a2-8a1338a4229d#fact-metallurgical-facts-6)

cobalt

#### Identity

- Commodity: cobalt
- Ticker: PVT

#### Recovery

- Recovery: 42 %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-01T00:00:00.000Z

Reasoning: 42% cobalt recovery reported as part of the combined model.

Evidence · text

> 42% cobalt recovery

### Fact 8

[Link to this fact](https://atlas-staging.minestarters.com/news/pivotal-metals-lifts-horden-lake-copper-recoveries-ahead-of-september-scoping--7aede02a-d6e2-4d80-97a2-8a1338a4229d#fact-metallurgical-facts-7)

copper

#### Identity

- Commodity: copper
- Ticker: PVT

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-01T00:00:00.000Z

Reasoning: The MRE provides a substantial metal inventory for the project.

- Positive factor: Large resource base

Evidence · text

> current MRE stands at 52.4Mt at 1.05% CuEq for 549,000t contained CuEq

### Fact 9

[Link to this fact](https://atlas-staging.minestarters.com/news/pivotal-metals-lifts-horden-lake-copper-recoveries-ahead-of-september-scoping--7aede02a-d6e2-4d80-97a2-8a1338a4229d#fact-metallurgical-facts-8)

copper

#### Identity

- Commodity: copper
- Ticker: PVT

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-01T00:00:00.000Z

Reasoning: Specific copper component of the CuEq resource.

Evidence · text

> including 292,000t copper

### Fact 10

[Link to this fact](https://atlas-staging.minestarters.com/news/pivotal-metals-lifts-horden-lake-copper-recoveries-ahead-of-september-scoping--7aede02a-d6e2-4d80-97a2-8a1338a4229d#fact-metallurgical-facts-9)

nickel

#### Identity

- Commodity: nickel
- Ticker: PVT

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-01T00:00:00.000Z

Reasoning: Significant nickel component within the CuEq resource.

Evidence · text

> and 91,000t nickel

## 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.