EnviroGold Global's Major Advances in Sustainable Mining Tech
EnviroGold Global Achieves Milestone in NVRO Process
EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) is harnessing cutting-edge technology to revolutionize the mining industry. This clean-technology company specializes in reprocessing mine waste to recover precious and critical metals, and it has recently reached a notable milestone in its NVRO Process™. This breakthrough comes from the completion of a phase of the NVRO digital simulation project, which has unveiled substantial enhancements to enhance both economic viability and environmental responsibility.
Unlocking Financial Potential Through Process Enhancements
Recent findings, derived from extensive testing and modeling conducted by ALS Global using the advanced Andritz IDEAS™ digital simulation software, predict an impressive increase in pre-tax, life-of-mine cash flow. Specifically, the analysis indicates an additional USD 232 million in cash flow (NPV10: USD 140.6 million) for a client's tailings project. Key improvements include a notable 35% reduction in feed volume and a significant decrease in concentrate output by 67.6%, accompanied by remarkable increases in concentrate grades for both gold and silver. These enhancements are poised to deliver ongoing economic benefits over the project's lifespan, making the NVRO Process™ an even more attractive option for stakeholders.
Highlighting the Key Results
The optimization process has revealed multiple improvements through simulations powered by Andritz IDEAS™. For instance, the NVRO Process™ shows a 35% reduction in feed volume and an impressive 85% estimated gold recovery in the pre-concentration stage. Furthermore, annual concentrate output demonstrates a significant decrease of 67.6%, leading to material cost savings in logistics, smelting, and refining. The enhancements are not only financially rewarding but also support sustainability by minimizing water usage and reducing greenhouse gas emissions, which significantly boosts the environmental, social, and governance (ESG) performance of the process.
Andritz Process Optimization Overview
Highlighted metrics from the recent optimization show that one of the most substantial outcomes includes a 286% improvement in gold grades and a 450% increase in silver grades compared to previous assessments. The reduction in the total concentrate tonnage by 67.6% is a clear indication of the enhanced efficiency of the NVRO Process™, leading to substantial pre-tax savings that are projected to reach approximately USD 29 million annually over an eight-year horizon.
Expected Economic Benefits from Enhanced NVRO Process™
Considering the best practices and superior designs yielded by Andritz's modeling combined with results from ALS Global, the anticipated economic benefits from the NVRO Process™ enhancements are noteworthy. The financial modeling suggests that without factoring in the expected operational and capital cost reductions, the decrease in product volumes alone could yield a remarkable USD 232 million over the project's lifespan. However, a more thorough economic consideration would include further savings, as well as improved marketability due to the enhanced quality of the produced concentrate.
Progress Towards Commercialization
The path towards full-scale commercialization of these advancements involves further adjustments to the demonstration plant. The minor modifications needed are already underway and are anticipated to facilitate a comprehensive demonstration campaign slated for the upcoming quarter. This effort is crucial, as it allows EnviroGold to validate its enhancements in a practical setting, sharpening the focus on efficiency and sustainability.
Next Steps and Future Outlook
In light of the successful demonstration campaign, EnviroGold plans to update its financial model in the fourth quarter based on the findings from the engineering studies provided by Hatch and the process reports from Andritz. This initiative will strengthen the Company's financial outlook, allowing stakeholders to make informed decisions regarding future investments.
Words from the CEO
David Cam, Chief Executive Officer, expressed his pride in the accomplishments of the team, particularly in the achievement of this milestone in the NVRO digital simulation. He highlighted, "These exceptional results not only enhance cash flows but also reinforce our commitment to sustainable and profitable mining. We're excited to see the effects of these modifications and demonstrate our progress in the industry soon."
About EnviroGold Global
EnviroGold Global is pioneering efforts in the mining sector, focusing on creating value from mine waste while mitigating environmental impacts. Their approach embodies innovation, dedicating itself to recovering precious and strategic metals through advanced technology. By operating on a low capital expenditure model driven by technology licensing, they are setting themselves up as a key player on the global stage, prioritizing shareholder value and sustainable practices.
CONTACT INFORMATION
Investor Cubed
Neil Simon, CEO
+1 647 258 3310
nsimon@investor3.ca
ir@envirogoldglobal.com
Frequently Asked Questions
What is the NVRO Process™?
The NVRO Process™ is an innovative technology developed by EnviroGold Global, focused on reprocessing mine waste to recover precious metals.
What financial impact do the recent enhancements have?
The latest optimizations are expected to yield an additional USD 232 million in pre-tax cash flow over the life of the project.
How have concentrate grades improved?
Gold and silver concentrate grades have improved by over 286% and 450%, respectively, compared to previous assessments.
What are the sustainability benefits of the NVRO Process™?
The process significantly reduces water usage and greenhouse gas emissions, enhancing its overall ESG performance.
When is the demonstration campaign scheduled?
The comprehensive demonstration campaign is expected to take place in the third quarter of the upcoming year.
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