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

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/waratah-s-consols-gold-delivers-up-to-93pc-recovery--bf13d556-cd83-46ca-bf56-88f5445fe38e

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: 2026-09-16T03:03:28.040Z

Atlas analysis updated: 2026-09-16T03:03:28.040Z

- Company: Waratah Minerals

- Ticker: WTM

- Exchange: Unavailable

- Region: NSW

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Metallurgy

- Extracted: 2026-09-16 03:03:28 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.

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: The processing pathway involves gravity recovery followed by conventional cyanide 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: 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)

### diagnostic gold leaching

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-s-consols-gold-delivers-up-to-93pc-recovery--bf13d556-cd83-46ca-bf56-88f5445fe38e#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: 93% recovery is an exceptional result for gold leaching.

- Positive factor: High recovery rate

Evidence · text

> returned up to 93% gold recovery

#### 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-staging.minestarters.com/news/waratah-s-consols-gold-delivers-up-to-93pc-recovery--bf13d556-cd83-46ca-bf56-88f5445fe38e#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: six bulk samples from Consols Zone \(gravity component\)

#### Recovery

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

#### Review

- Needs Review: No
- Historical: No

#### Dates

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

Reasoning: Gravity recovery of 15% is a useful component of the flowsheet.

- Positive factor: Significant gravity recovery

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 gold leaching

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-s-consols-gold-delivers-up-to-93pc-recovery--bf13d556-cd83-46ca-bf56-88f5445fe38e#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 gold leaching
- Processing Route: conventional cyanide leaching
- Sample: six bulk samples from Consols Zone \(leach component\)

#### 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 a strong component of the combined recovery.

- Positive factor: Solid 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 \(80%\)

### gravity and conventional leach

[Link to this fact](https://atlas-staging.minestarters.com/news/waratah-s-consols-gold-delivers-up-to-93pc-recovery--bf13d556-cd83-46ca-bf56-88f5445fe38e#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
- Test Type: gravity and conventional leach
- Sample: Spur Zone material

#### 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 reference used for context.

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

**Gravity Route**

Polarity: neutral

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

Why it applies: processing\_route matches the gravity signal

**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.