Kookaburra to focus on Tacaza

A previously announced agreement to acquire mineral assets in Peru will not be proceeding, reports Kookaburra Resources (TSE).

Instead, the company will concentrate on its Tacaza copper project in Peru.

Simons Engineering and Klohn-Crippen have been retained to conduct a scoping study on the viability of a conventional milling and flotation operation at the property. The study will be followed by bench-scale flotation tests.

The geological resource at Tacaza is estimated at 4.4 million tonnes grading 1.35% copper, based on a 0.5% copper cutoff.