The Australian Government Ministry for Science, Jobs and Innovation has offered Environmental Copper Recovery SA Pty Ltd (ECR) a research grant of A$2,851,303 for the Kapunda copper project.
Funding is to be used over a 30 month period for the Kapunda In-Situ Copper and Gold recovery trial.
The trial will include involvement of leading institutions of CSIRO and Adelaide University, and will cover costs in respect of demonstration of an In-Situ Recovery (ISR) process.
The information collected from the ISR demonstration will prove useful to the potential development of multiple ISR amenable projects, several of which have been already identified by the ECR team.
Executive chair of Thor Mining PLC, Mick Billing said the grant is a significant boost for the Kapunda project which is being funded by Thor.
“This grant funding will provide for acceleration of field work and other technical, environmental and social studies for the project while maintaining the contributions by Thor at sustainable levels,” he said.
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