London, UK - Cycladex Ltd, the developer of a patented environmentally clean, safe and effective gold recovery process has today announced the extension of its Joint Development Agreement with Praxair, Inc. a Linde company to scale up its new gold processing technology.
The extended Joint Development Agreement will continue the work undertaken during the last three years in developing the next generation of the Cycladex Process for isolating gold and using their joint technologies to develop the improved process which is run at neutral pH, does not use cyanide, reduces operating and capital costs, reduces gold recovery time scales using an estimated 50% less water and helps gold miners avoid land contamination completely.
The process is an environmentally cleaner alternative to the use of cyanide for precious metals extraction using Cycladex’s patented ‘disruptive’ new chemical process/flowsheet that has the potential to obviate community concerns and objections to mining projects. It also has the potential to ‘unlock’ certain stranded gold deposits and difficult-to-treat, gold-bearing materials and the potential to lower capital and operating costs and a lower overall environmental footprint.
Cycladex expects that this second-generation process will be trialed by a select number of International companies during 2020 and anticipates making further announcements as these trials successfully prove out its proprietary technology.
In December 2019 Cycladex raised development funds through London stockbrokers WH Ireland, following a presentation at their family office / high-net-worth Investor Forum ensuring the company is well positioned to push forward with its immediate growth plans.
Commenting today Roger Pettmann, Executive Chairman of Cycladex said:
“I am delighted to announce this extension to our working agreement with Linde with whom we have been working for three years giving us access to their extensive product offerings to the gold mining segment. Over those years we have formed an excellent collaboration and the combination of the two processes into the second generation creates a recovery process which has the potential to be cheaper, produce significantly less waste, avoid cyanide tailings ponds and the result in cleaner spent ore”
“Linde has a program to identify new technologies which help customers reduce the environmental impact of their operations in a fundament way and the Cycladex Technology fits nicely into our core technology. Together we have invested considerable time and investment to get the new process to this stage “said John Sirman, Linde’s External Technology Director. “The next scale-up stage will develop quantitative economics including recycle, water recycle and other key factors which will allow the technology to be fully evaluated and commercialized at forward-looking mining Companies”