The Chinese Government and the Chinese Gold Industry recognise the importance of efficient and economic exploitation of China’s substantial refractory gold resources.
As a consequence, the Chinese Government issued new gold industry guidelines in early 2017, all of which are satisfied by the Albion Process.
The Albion Process satisfies the most stringent Chinese National, plus International Environmental Standards. The Albion Process is a new generation process that successfully processes refractory gold resources at high efficiency, and low costs relative to other process options and has significant opportunities within China’s refractory gold resources, including the processing of Carlin, Orogenic, Epithermal, and Skarn type deposits.
PanTerra Gold Technologies Pty Ltd holds the exclusive rights for a period of up to ten years, for the application of the Albion Process within 11 Chinese Provinces that are known to host refractory gold resources.
PanTerra Gold Technologies’ objective is to develop the first Albion Process plant within the Chinese gold industry within the next two years. The objective is to develop a facility capable of processing a minimum of 50,000 tonnes per annum of refractory gold concentrate of 40g/t Au.
The intention is to develop a process plant as part of a Joint Venture collaboration with a Chinese gold mining company, which has an established mine, or advanced refractory gold resource.
It is proposed that the Joint Venture would develop and operate the process plant and purchase concentrate from the mining company on the basis of contained gold.
Current focus is on identified opportunities in Shaanxi Province and on the so-called “Golden Triangle” which includes the Provinces of Guangxi, Yunnan, and Giuzhou where a number of stranded refractory gold deposits are located.