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Temas Signs Letter of Intent for RCL Technology to Unlock Value at 3M Ounce Gold Project
Third-party funded testwork on high-grade refractory gold systems positions RCL for regional deployment and licensing across Western North America Highlights Temas has executed a Letter of Intent ("LOI") signed with 1542642 B.C. Ltd. a private mineral ...
About this update from Temas Resources Corp.
[{"type":"text","content":"Third-party funded testwork on high-grade refractory gold systems positions RCL for regional deployment and licensing across Western North America","length":146,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Temas has executed a Letter of Intent ("LOI") signed with 1542642 B.C. Ltd. a private mineral project developer (the "Developer") to test Temas' patented Regenerative Cloride Leach ("RCL") processing technology on ore from the Revel Ridge polymetallic Gold-Silver project (3.0Moz @ 6.4g/t AuEq).","length":329,"tagName":"p"}]},{"val":[{"type":"text","content":"The Developer intends to fully fund bench-scale and pilot scale test work, delivering capital efficient, third party validation of RCL technology on a refractory gold system.","length":174,"tagName":"p"}]},{"val":[{"type":"text","content":"Temas' 100% owned RCL technology platform comprises 11 granted process patents, covering the extraction of multiple metals, including but not limited to Gold, Titanium, Nickel and Rare Earths.","length":196,"tagName":"p"}]},{"val":[{"type":"text","content":"Successful testwork may lead to formation of a Temas-controlled JV being with the Developer to commercialize and deploy the RCL platform in Western North America (indicative Phase 2 structure 80/20 in favour of Temas).","length":218,"tagName":"p"}]},{"val":[{"type":"text","content":"Approximately 22% of gold resources worldwide occur in refractory deposits1 representing a substantial addressable market for RCL deployment and licensing.","length":155,"tagName":"p"}]},{"val":[{"type":"text","content":"Temas continues confidential discussions with multiple third parties regarding additional RCL trials on complex ore and tailings, supporting a scalable commercialization strategy.","length":179,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1251,"olType":false},{"type":"text","content":"Mr. Tim Fernback, Temas Chief Executive Officer commented:","length":58,"tagName":"p"},{"type":"text","content":""With a meaningful portion of the world's gold, silver and secondary metals locked up in refractory ores globally, we see this comprehensive multi-phase test program as an important step in demonstrating the commercial potential of our patented...