In such operations, metal is dissolved in solution and recovered in liquid form from its ore, without the need actually to break rock.
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The company has noted that copper is naturally leaching into groundwater around the deposit, a very positive indication of viability.
Accordingly, water testing from local existing bores to determine metal content, will be an early focus of the company’s work on the ground.
Other early activities will be directed at confirming the current understanding that the geology of the deposit is favourable for in-situ recovery.
"We are very excited about this copper opportunity at Kapunda,” said chairman Mick Billing in a statement.
“We are fortunate that there is no requirement for exploration drilling in the hope of finding economic mineralisation - that work has been done, and the mineralisation is well known.