Alexander Mining PLC 'HyperLeach®' Patent Granted in Europe (7992G)

TIDMAXM

RNS Number : 7992G

Alexander Mining PLC

08 November 2018

8 November 2018

Alexander Mining plc

("Alexander" or the "Company")

'HyperLeach(R)' Patent Granted in Europe for a Method of Oxidative Leaching of Sulfide Ores and/or Concentrates

Alexander is pleased to report that it has received notification that its MetaLeach Limited ("MetaLeach") subsidiary has been granted a patent for a Method of Oxidative Leaching of Sulfide Ores and/or Concentrates in Europe, patent number 2435590.

Metaleach has initiated the process of validating the patent in Germany, Poland and Turkey. These member states were identified as key jurisdictions that represent opportunities for the HyperLeach(R) process. MetaLeach anticipates that the patent will be validated in these individual member states, providing an effect patent term of 20 years from the effective date of 26 May 2010 (being the date of original filing).

The patent describes 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 each of Germany, Poland and Turkey, both for sulphide deposits and 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."

Notes

HyperLeach(R) Process

MetaLeach's HyperLeach(R) process, although less advanced in its commercialisation progress than AmmLeach(R), has very significant potential for application. HyperLeach(R) is a hydrometallurgical process which has been developed by MetaLeach for the extraction of metals, especially copper, zinc, nickel, cobalt, molybdenum and rhenium from sulphide ore deposits and concentrates.

The process utilises chlorine based chemistry to solubilise metals from ores under ambient temperature and pressure conditions. The HyperLeach(R) process can be operated as either heap leach or tank leach.

ENDS

For further information, please contact:

 
 Martin Rosser 
  Chief Executive 
  Mobile: [phone] 
 Alexander Mining plc 
  Tel: [phone] 
  Email: [e-mail] 
  Website: www.alexandermining.com 
 
 Northland Capital Partners Limited 
  Matthew Johnson / Dugald J Carlean 
  (Corporate Finance) 
  Isabella Pierre (Corporate Broking) 
  Tel: [phone] 
  Turner Pope Investments (TPI) 
  Ltd. 
  Andy Thacker 
  Tel: [phone] 
 

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END

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November 08, 2018 06:41 ET (11:41 GMT)