March 8, 2013

Alexander Mining plc : - Patent Granted in Mongolia | 4-Traders

Alexander Mining plc : - Patent Granted in Mongolia | 4-Traders: "This is the same patent that was granted in Australia and announced on 24 October 2012 anddescribes a method for leaching one or more target metals from a sulphide ore and/or concentrate containing such. 

Martin Rosser, Chief Executive Officer, said: "The technology described in the patent has significant potential application in Mongolia.  Although the country hosts some important discoveries and mines, including the world class Oyu Tolgoi copper-gold mine (under construction by Rio Tinto and containing some 25Mt of economically viable copper), the majority of the country is still underexplored.  We believe there are likely to be extensive sulphide deposits discovered suitable for leaching using HyperLeach®.  In addition, there isscope for converting sulphide concentrates, the source of the majority of the world's base metals production and resources, through to metal at the mine site.""

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