EnviroGold Global Limited, a Clean Technology Company accelerating the global transition to a circular-resource economy by producing Metals Without Mining, announced the signing of a binding, definitive agreement with Hellyer Gold Mines Pty Ltd to reprocess the tailings owned by HGM at the Hellyer Gold Mine in Tasmania, Australia.
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The closing of the transaction serves as a major growth catalyst for EnviroGold Global, leading the path for the completion of project financing negotiations and accelerating the Company’s path to commercial production of precious metals (silver and gold), clean energy metals and battery metals (lead, copper, and zinc) in 2022.
The Definitive Agreement offers a multi-stage Tailings Reprocessing Project wherein EnviroGold Global will add its mineral processing technology to the presently operational and allowed Hellyer Gold Mine. EnviroGold Global and HGM believe that this collaboration will lead to operational synergies and jointly with EnviroGold Global’s independently validated, proprietary metallurgical solution (link) for the Hellyer VMS tailings.
This will considerably increase metal recovery rates for the gold (Au), zinc (Zn), silver (Ag), copper (Cu) and lead (Pb) contained in the Hellyer tailings.
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.
Dr. Mark Thorpe, CEO, EnviroGold Global Limited
Thorpe continued, “It represents the achievement of a strategic milestone for EnviroGold Global on our journey to producing precious, critical, and strategic metals at 7 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 finalization 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,” added Thorpe.