Core Resources successfully partnered with Glencore, through its technology arm Glencore Technology, to commercialise its Albion Process – a novel technology for the processing of refractory ores, where the valuable mineral is microscopically encapsulated in non-reactive waste and is not extractable by conventional technologies.
In 2015, the partners successfully completed the installation of a benchmark Albion Process treatment plant for GeoProMining at its GPM gold project in Armenia. At this mine, the Albion Process increased gold recovery from 20% to >90%, ensuring a commercially viable operation, and extended the project mine life by 10 years.
Ric Gros, METS Ignited CEO said the project is an excellent example of business growth, new markets and export opportunities as the result of collaboration between an innovative Australian METS supplier and a global mining company.
“Companies mining gold are looking for efficient processes to treat lower grades and more complex refractory ore. The Albion Process plant turns the problem into an opportunity,” he said.
“The Albion Process has the potential for industry-wide benefits. There is potential for step change in gold processing and improved sustainable and environmental practice positively impacting on the mining company’s social licence to operate.
The ongoing partnership between Core Resources and Glencore Technology will see further collaboration in the licensing and delivery of the Albion Process.