Temas Resources partners to unlock 3M ounce gold project
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Temas Resources (ASX:TIO) entered into a letter of intent with 1542642 B.C. to validate and commercialise its patented regenerative chloride leach technology.
The partnership focuses on ore from the Revel Ridge Polymetallic Project, a significant deposit containing 3 million ounces of gold at a high-grade $6.4 gold equivalent.
Under the terms of the agreement, the private developer will fully fund bench-scale and pilot-scale test work, providing a capital-efficient pathway for Temas to demonstrate the efficacy of its metallurgical platform on a complex, refractory gold system.
Refractory gold presents a massive global challenge, with approximately 22% of the world's gold resources currently "locked" in these difficult-to-process deposits.