Alexander Mining PLC Research and Development Update (7628C)
24 January 2018 - 6:56PM
UK Regulatory
TIDMAXM
RNS Number : 7628C
Alexander Mining PLC
24 January 2018
24 January 2018
Alexander Mining plc
("Alexander" or the "Company")
Research and Development Update
Alexander is pleased to provide an update on its research and
development activities.
HyperLeach(R)
Alexander has committed to funding a preliminary study into the
use of its proprietary HyperLeach(R) process for the potential
recovery of high-purity nickel and cobalt salts from nickel
flotation tailings. The consensus forecast is for increases in
demand for electric vehicles and energy storage solutions which
will require significant several fold increases of 'Class 1' nickel
and cobalt supply over current levels of production from global
resources. The uncertainty surrounding the long-term stability of
the Democratic Republic of the Congo has opened up the cobalt
market to other supply opportunities. The need to be in production
in the short to medium-term to meet the predicted demand is an
additional driving force for the reprocessing of existing, readily
mined surficial resources.
HyperLeach(R) also has the potential to process ore or
concentrate at the mine site producing a range of products. There
is the additional potential to lower the cut-off grade at producing
mines by giving greater return at the mine gate through the
production of higher-value products instead of concentrates.
Alexander's CEO, Martin Rosser, said "This project offers
Alexander the opportunity to gain extremely valuable information on
the treatment of the nickel-cobalt bearing tailings produced by a
sulphide flotation plant. The potential production of high-purity
salts via HyperLeach(R) would be an excellent outcome and, if
successful, it would give the Company an exciting opportunity to be
able to produce battery grade nickel and cobalt salts in the
medium-term."
This initiative is the most recent part of Alexander's
longer-term strategic involvement in energy metals, notably
lithium, nickel, cobalt, copper and vanadium.
Lithium - research and development joint venture
The initial results from the joint venture with Alexander's
Principal Technical Consultant, Dr. Nicholas Welham, on lithium
heap leaching from hard rock resources have been delayed due to
procedural issues beyond Alexander's control.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
ENDS
For further information, please contact:
Martin Rosser
Chief Executive
Mobile: +44 (0) 7770 865
341
Alan Clegg
Non-Executive Chairman
Mobile: +90 543 533 0665
Alexander Mining plc
Tel: +44 (0) 20 7078 9566
Email: mail@alexandermining.com
Website: www.alexandermining.com
Northland Capital Partners
Limited
Matthew Johnson / Gerry
Beaney
(Corporate Finance)
John Howes
(Corporate Broking)
Tel: +44 (0) 20 3861 6625
Turner Pope Investments
(TPI) Ltd
Andy Thacker
Tel: +44 (0) 20 3621 4120
This information is provided by RNS
The company news service from the London Stock Exchange
END
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