Alexander Mining PLC Patent Granted in Australia (6722T)
July 22 2015 - 2:00AM
UK Regulatory
TIDMAXM
RNS Number : 6722T
Alexander Mining PLC
22 July 2015
22 July 2015
Alexander Mining plc
('Alexander' or the 'Company')
Patent Granted in Australia for a Method for Recovering Cobalt
from Cobalt-Containing Ores
Alexander is pleased to report that it has received notification
that its MetaLeach Limited ("MetaLeach") subsidiary has been
granted a patent for a Method for Recovering Cobalt from
Cobalt-Containing Ores in Australia, patent number 2013202009. This
patent forms part of MetaLeach's family of core AmmLeach(R)
technologies and has a standard term of twenty years from the
effective date of 26 March 2013 (being the date of original
filing).
Martin Rosser, Chief Executive Officer, said: "Cobalt is a core
target metal for the commercialisation of our intellectual
property. This Australian patent is complementary to the
AmmLeach(R) and HyperLeach(R) suites of patents. The primary target
is the tailings from the processing of copper-cobalt ores from
which the copper has been extracted. Such tailings are common in
both Zambia and the Democratic Republic of the Congo (DRC) due to
the difficulties of extracting cobalt in addition to copper when
using acid-based processes. A number of operating plants in these
countries are only able to extract copper, thereby presenting
potential synergies for our technology with existing producers.
The DRC hosts around half of the world's cobalt resources and
the Government is actively encouraging the in country production of
more cobalt metal, or high value added interim product as currently
nearly all cobalt product is exported in a lower value concentrate
form."
In practice, the patented process would comprise a simple
oxidised cobalt-containing ore pre-treatment step, followed by
washing the ore to recover the valuable metal product. The process
would operate at ambient pressure and temperature and requires
significantly less capital and has much lower operating costs than
conventional treatment processes being used today. In addition,
overall losses are minimised, thereby improving recoveries.
ENDS
Enquiries
Alexander Mining plc
Martin Rosser Matt Sutcliffe
Chief Executive Officer Executive Chairman
Mobile: +44 (0) 7770 865 341 Mobile: +44 (0) 7887 930 758
Email: mail@alexandermining.com
Website: www.alexandermining.com
Northland Capital Partners Limited
Nominated Adviser and Broker
Tel: +44 (0) 20 7382 1100
Matthew Johnson / Gerry Beaney
(Corporate Finance)
John Howes / Abigail Wayne
(Corporate Broking)
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCKMGZNFMDGKZM
Eenergy (LSE:EAAS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Eenergy (LSE:EAAS)
Historical Stock Chart
From Apr 2023 to Apr 2024