- Sixth Wave Innovations (SIXW) has signed a test and implementation contract with Magnus Mineral Resources that will field SIXW’s patented IXOS molecular imprinted polymer
- This is for the extraction and purification of gold and silver at the Penhalonga Gold Mine, Zimbabwe
- Also, Magnus Resources plans to build and deploy three smaller processing plants to assist regional artisanal mining groups in Zimbabwe
- The project will be carried out in three phases
- Magnus Mineral Resources PLC is a Zimbabwean mineral-based company focused on gold, diamonds, lithium, and rare earth minerals
- Sixth Wave Innovations Inc. is up 33.33 per cent, trading at C$0.06 at 12:32 pm ET
Sixth Wave Innovations (SIXW) has signed a three-phase test and implementation contract with Magnus Mineral Resources.
Magnus Resources will field SIXW’s patented IXOS molecular imprinted polymer for extraction and purification of gold and silver at the Penhalonga Gold Mine, Zimbabwe.
Also, Magnus Resources plans to build and deploy three smaller processing plants to assist regional artisanal mining groups in Zimbabwe.
The goal is to assist and direct artisanal mining operations from dangerous and environmentally destructive practices involving mercury amalgamation.
The project will be carried out in three phases.
Phase 1 of the project will commence immediately with Magnus sending ore samples to SIXW’s laboratory for extraction and recovery testing.
Phase 2 of the project will begin upon completion of the testing and includes a mine site visit to evaluate existing infrastructure.
Completion of the initial implementations will launch Phase 3 to address the testing and optimization of extraction for the transitional and refractory ore present at the mine. This work has not yet been costed and scheduled.
Sixth Wave will name Magnus as the exclusive distributor for IXOS-Au in Africa and the countries that comprise the Gulf Cooperation Council (GCC) as per the initial MOU. Term aspects and finalization will not be addressed until the completion of Phase 1.
“We are very excited about this collaboration and bringing our advanced technology to the mining industry on the African continent and beyond with Magnus Mineral Resources (PVT) Limited,” noted Nicol Newton, Vice President, Sixth Wave Mining Division.
“Magnus Mineral Resources (PVT) Limited is extremely satisfied with the technical depth and analysis that has been provided by Sixth Wave to get us to the point that we can launch the project,” stated Tanaka Solomon Nyabadza, Managing Director, Magnus Mineral Resources (PVT) Limited.
Magnus Mineral Resources PLC is a Zimbabwean mineral-based company focused on gold, diamonds, lithium, and rare earth minerals
Sixth Wave Innovations Inc. was up 33.33 per cent, trading at C$0.06 at 12:32 ET.
