Geo2 Ltd. - Processing & Refining Gold Message Board

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Gold/Mining/Energy : Geo2 Ltd. - Processing & Refining Gold

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To: richard badauskas who wrote (36)	7/22/1999 2:33:00 PM
From: richard badauskas	Read Replies (1) of 52

The Lian Joint Venture is preparing to test ACMR non-cyanide heap leach gold process technology. Geo2 has placed a portable milling and agglomeration unit which it constructed at its facility in Australia at a cost of A$0.5M (US$0.33M)on the property. Field tests on two 1,500 tonne heaps (now being built) will start in a few weeks. Geo2 has developed process equipment which reduces capital costs by 50%. The non-cyanide process will commence on high grade ores and gradually move down to low grade ores. The Lian area is ideally suited to Geo2's aims as many very high grade but small deposits exist in the area that can be mined by Geo2 using standard technologies at cash operating costs of around US$150 per oz. Results from the field tests are expected shortly after the tests are completed in September. The company has warned that the technology has never been field tested and may fail. In the event this occurs the deposits in the Lian area will be developed using vat leaching. For more go to aircommunications.net and geo2.com.au

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