Jason Brewer discussed the positive outcomes from the phase one tailings program at Teck-Hughes, highlighting initial gold recovery rates of 59.4%, which significantly surpasses typical expectations of 40% for such materials.
Extract’s innovative recovery technology, which is being utilized in the Tech Hughes project, is characterized by environmental sustainability and has over 40 patents worldwide, demonstrating its broad applicability and potential for resource and water recovery.
The immediate future for Fulcrum involves further refining and testing its processes with the goal of validating financial viability through a conceptual study and optimizing recovery rates, aiming for even higher efficiency in gold extraction from tailings.
Here are the key bullet points from the interview:
- Gold Recovery Achievement: Fulcrum Metals achieved gold recovery rates of up to 59.4% in the phase one tailings program at Tech-Hughes, significantly surpassing the typical expectation of 40%.
- Innovative Technology: Extract recovery technology, which boasts over 40 patents worldwide, is environmentally sustainable and effective in extracting both minerals and water from tailings.
- Validation of Technology: The technology’s effectiveness was confirmed with higher-than-expected grades and recovery rates, supporting its application in gold tailings recovery.
- Future Plans: Fulcrum plans to further refine and test its processes, aiming to optimize recovery rates and validate financial viability through a conceptual study.
- Strategic Development: Fulcrum is focused on building a sustainable gold tailings processing business, with additional sampling and pre-feasibility studies planned for the near future.
- Expansion Prospects: Fulcrum aims to secure more tailing opportunities and move quickly through development stages, leveraging support from major partners and the Ontario government.
- Long-Term Vision: The company envisions a significant scale for its tailings business, aiming to become cash flow generative and build a long-term sustainable operation.
