EnviroGold Global Ltd, a clean technology company accelerating the world’s transition to a circular-resource economy through the production of Metals Without Mining, has announced the execution of a binding, definitive agreement with Hellyer Gold Mines Pty Ltd (HGM) to reprocess the tailings owned by HGM (the Hellyer tailings reprocessing project or the Hellyer tailings project) at the Hellyer Gold Mine, Tasmania, Australia. The execution of the transaction cements a major growth catalyst for EnviroGold Global, paving the way for finalisation of project financing negotiations and materially advancing the company’s accelerated pathway towards commercial production of precious metals (gold and silver), clean energy metals and battery metals (copper, lead, zinc) in 2022.
The definitive agreement provides for a multi-stage tailings reprocessing project wherein EnviroGold Global will add its mineral processing technology to the currently operational and permitted Hellyer Gold Mine. EnviroGold Global and HGM believe that this partnership will result in operational synergies and in conjunction with EnviroGold Global’s independently validated, proprietary metallurgical solution (the Hellyer solution) for the Hellyer VMS tailings, will drive significantly increased metal recovery rates for the gold (Au), silver (Ag), zinc (Zn), lead (Pb) and copper (Cu) contained in the Hellyer tailings.
EnviroGold Global CEO, Dr Mark Thorpe, said: “The execution of the definitive agreement with HGM is a testament to the quality of our world-class team and the commitment of HGM’s management and team to establish a working partnership for success. It represents the achievement of a strategic milestone for EnviroGold Global on our journey to producing precious, critical, and strategic metals at seven major projects by 2025. We are pleased to continue to deliver on our commitments to our shareholders and stakeholders while establishing circular-economy leadership through the production of Metals Without Mining. We look forward to announcing the execution of additional major growth catalysts in the near-term including finalisation of project financing negotiations for the Hellyer Tailings Project, establishment of a strategic operating partnership with a global EPCM company, publishing the Buchans Tailings Project resource estimate and advancing the development of our global tailings reprocessing project portfolio.”
Read the article online at: https://www.globalminingreview.com/environment-sustainability/23022022/envirogold-global-signs-agreement-with-hellyer-gold-mines-to-reprocess-tailings/