Dundee Sustainable Technologies has entered into a Technology Transfer Licensing Agreement with Newmont for the use of DST’s cyanide-free gold extraction technology, known as the CLEVR Process™.
DST has been in ongoing discussions and technology review with Newmont regarding its CLEVR gold extraction process to evaluate and quantify its applicability on projects selected by Newmont.
Following a successful test work program in the March quarter of this year, Newmont expressed its interest in the execution of such an agreement allowing Newmont to conduct laboratory CLEVR leaching tests in its technical facilities in Englewood, Colorado.
The method used by DST uses no cyanide, produces no toxic liquid or gaseous effluent, and the solid residues are inert, stable and non-acid generating, according to the company.
David Lemieux, President and CEO, said: “We are very pleased to announce this agreement with Newmont which is the culmination of much work and dialogue between our companies. Our collaboration with a global gold producer is the result of years of continuous efforts in developing an innovative and technically sound process for the industry.”
He added: “Today’s announcement is further validation of DST’s CLEVR Process as one of the leading cyanide-free alternatives for the gold industry, and it represents an important milestone in the early-stage adoption and understanding of our technology by a world leading gold company.”
As part of the agreement, DST and Newmont, agreed to:
- A two-year, non-exclusive licence for the utilisation of CLEVR at the laboratory scale in its Colorado technical facilities with an option to renew, for an additional two-year period under the same terms;
- Technology implementation support by DST, including all technology laboratory protocols in addition to technical training sessions to initiate and support the technology transfer and practical operations;
- Ongoing technology support and for DST to review the laboratory test plans, execution, and results conducted by Newmont; and
- Any process scaling-up requirements, resulting from positive applications of CLEVR, will be conducted jointly with Newmont at DST’s technical facilities in Canada and/or on-site using DST’s technology and engineering group expertise.
The objective of the agreement is to facilitate the adoption, understanding and application of CLEVR on various gold projects being, or to be, developed by Newmont. The agreement was executed on November 25, 2020.