CSIRO’s cyanide free gold venture raises capital through ESIC Hub’s network
Early stage investors have participated eagerly in this collaborative ESIC venture
between CSIRO, its ON Accelerator Program, industry and ESIC Hub.
The first gold is a result of early industry trials of CSIRO’s ‘going for gold’
technology and was produced in partnership with small gold miner Eco Minerals
Research, at a demonstration plant in the Western Australian goldfields town of
Toxic cyanide has more commonly been used in more than 90 per cent of global gold production, Australian innovators have stepped out to create an alternative for this with thiosulphate. A non-toxic substitute which aids in eliminating the previous practices environmental and health repercussions.
“In close collaboration with CSIRO we have gone through the design, engineering and
fabrication stages, set up a processing facility in Menzies, delivering the first
gold pour in just 10 months, which is a fantastic achievement”
“The venture’s achievements made in the last 10 months would not have been
possible without the expertise and knowledge of the early stage investment market
powered by ESIC Hub” quoted Paul Hanna from Eco Minerals Research.
This project is a wonderful footprint for the collaboration of the early stage innovation and investment communities. The ESIC capital raise offered investors a unique opportunity and made this project possible. ESIC Hub powered this venture within the early stage investment framework created by the Federal Government with bipartisan support. ESIC Hub founder Stephen Crowe quotes that “the early stage investors are excited by these wealth creating opportunities”
Eco Minerals Research- http://www.ecomr.net
CSIRO – http://www.csiro.au
ABC News – http://abcnet.au/news
Australian Tax Office – http://ato.gov.au
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