Additional Positive Bulk-Scale Metallurgical Results From Piskanja Project

VICTORIA - Boron One Holdings Inc. reported positive results from bulk-scale metallurgical testing conducted on samples from its Piskanja Boron Property. The testing returned a commercial grade of ulexite concentrate with a 57.96% B2O3 content (66.9% mass recovery), which meets or exceeds the specifications of ulexite concentrate products commercially available from other leading boron producers.

"There are many market applications for ulexite concentrate. The fact that we were able to demonstrate the production of commercial grade ulexite concentrate by deploying a simple and cost-efficient beneficiation circuit is welcomed news " said Tim Daniels, CEO.

Bulk-scale metallurgical test results for the mixed borate zones within Piskanja are expected shortly. Colemanite, ulexite, and mixed borates zones represent the entire composition of Piskanja mineralization.