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:: R&D Grant set to Reduce Operating Costs by 25%!
Gekko announces AUD$2.4m R&D Program Launch
The Hon. Judith Troeth, Senator for Victoria, Australia, recently congratulated local company Gekko Systems, a company recognised internationally for its innovative mineral processing equipment and systems, on the launch of its latest Research & Development project — developing a process to treat ore underground.
Ms Troeth said Gekko had received a $1.2 million Australian Government innovation grant to help develop the revolutionary technology which will change the face of underground processing globally. The Australian Government grant will be matched by Gekko. As a result, a total of AUD $2.4m will be spent over a three year period on the project.
The new process in its entirety will require a number of important innovations to be successful. The main over-riding innovation will be to apply existing knowledge or techniques in a new way. A number of the individual components are also novel:
A small number of mining operations have operated their crushing facilities underground, however, this Project will be unique in its attempt to ship to surface only the mineral concentrates. The concentrates are expected to represent only 10% of the total feed thus providing a quantum leap in economics.
The benefits of underground processing from a successful research and development outcome include:
Whilst the above benefits will vary in importance from mine to mine, depending on the particular circumstances of each operation, the compelling nature of the benefits of the proposed underground processing system is readily evident.
New R&D Manager at Gekko, Tim Hughes, is delighted to be spearheading the program. “Having spent 15 years operating in the industry I can really see the application’s potential and look forward to working on a project that has sound financial backing, industry support and the Gekko proven record of innovation and implementation.
Gekko has a
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