Business
Rio2 Limited and Sixth Wave Innovations Inc. Sign Contract for Further IXOS(R) Mining Technology Trials
Halifax, Nova Scotia and Vancouver, British Columbia--(Newsfile Corp. - August 16, 2021) - Si...
About this update from Rio2 Limited
[{"type":"text","content":"Rio2 Limited and Sixth Wave Innovations Inc. Sign Contract for Further IXOS(R) Mining Technology TrialsHalifax, Nova Scotia and Vancouver, British Columbia--(Newsfile Corp. - August 16, 2021) - Sixth Wave Innovations Inc. (CSE: SIXW) (OTCQB: SIXWF) (FSE: AHUH) (\"Sixth Wave or SIXW or Company\") and Rio2 Limited (\"Rio2\") (TSXV: RIO) (OTCQX: RIOFF) (BVL: RIO) are pleased to announce the signing of a contract (\"Contract\") which provides for the continuation of testing of SIXW's patented IXOS® purification polymer (the \"IXOS® Mining Technology\") at Rio2's Fenix Gold Project in Chile using Rio2's nearby Lince Infrastructure facilities. The contract follows the successful completion of testing done on representative samples of ore from Rio2's Fenix Gold Project at Sixth Wave's Salt Lake City, Utah facility undertaken pursuant to the non-binding Letter of Intent (\"LOI\") entered into between Sixth Wave and Rio2 in September 2020. See Sixth Wave's and Rio2's joint press release dated September 15, 2020, for additional information regarding the LOI. The move to near-site testing represents a significant step forward, and investment by the two companies in the trial test project.Under the terms of the LOI, Rio2 sent representative ore samples from its Fenix Gold Project to Sixth Wave for testing and analysis. The testing confirmed that IXOS® Mining Technology outperformed activated carbon on several key metrics including gold adsorption efficiency, ease of elution, and overall adsorption kinetics. A comprehensive costs/benefit analysis was performed using the data obtained in the laboratory testing along with ongoing testing performed by Rio2 on activated carbon as part of their pilot operations. The analysis also detailed the expected plant size, potential CAPEX and OPEX savings, and expansion capability/pathways. IXOS® polymer is reusable and the potential for favorable usage life over activated carbon especially with scaling agents in the mine's water source provided sufficient encouragement that the project should proceed to the next phase of test work.Sixth Wave will perform recovery tests from leach solution using its IXOS® Mining Technology and the leaching columns already commissioned and utilized by Rio2 to evaluate adsorption kinetics and other parameters. Testing is expected to start i...