Periodic Reporting for period 1 - CyanoSmart (Reliable, real-time process monitoring solutions for gold mines to reduce costs, reagent use and increase gold production)
Reporting period: 2019-11-01 to 2020-10-31
Our objective is to advance the initial CyanoSmart prototype system to an industrialized, scalable system, that will become the gold standard for cyanide control worldwide. Our innovation will benefit the entire gold mining industry and community and transform mining into a more transparent and more efficient industry.
As for the CyanoSmart device, we have defined the second-generation device's requirements and build a stable hardware/design prototype that fulfils these specifications.
The online platform has been completely overhauled both from a front-end and a back-end perspective to fulfil the requirements set forth by mining sites.
We have established a systematic marketing & communication strategy to exploit the results and acquire pilot partners to test and eventually implement our solution. Despite the global pandemic and its resulting travel-ban, we have achieved significant commercial traction and received firm purchase orders for piloting our system.
On the other hand, online analysers installed onsite allows mining operators to speed up the measurement process but are highly expensive to install and requires significant investments and downtime for maintenance and calibration. Our award-winning single-use test cartridge is resilient to interferences, increasing the speed and accuracy of cyanide measurements. At the same time, our handheld analyser brings mobility, efficiency and is cost-effective to implement. Operators can simultaneously make multiple measurements at various points along the leaching process and have all the cyanide data transmitted into our cloud platform where mining managers and metallurgist consultants can analyse cyanide data and decide on cyanide dosage. Our solution also allows mining operators to set alerts (via SMS or Whatsapp) when cyanide levels fall outside the desired range. Such alert functionality ensures early intervention and prevents any potential cyanide incidents from happening in the first place.
Cyanide remains one of the commonly used chemicals for leaching gold. Still, it has also raised environmental and safety concerns due to cyanide spillage incidents such as the Baia Mare incident in Romania in 2000. Cyanide-free leaching techniques have been researched on but are not as cost-effective as cyanide. Cyanide is highly toxic but does not bio-accumulate. It is a chemical that is also naturally produced by some food crops such as cassava, almonds and bamboo shoots. Our solution enables the mining industry to approach precious metal mining safely, environmentally sustainable, and responsible. Implementing an effective cyanide monitoring solution prevents cyanide overdosage, thereby allowing mining companies to reduce cyanide use by 15% on average while increasing gold recovery by 2%. Such operational efficiency also means fewer costs in the management of tailings, such as less detox reagent needed, less water and energy consumption, thereby reducing the overall environmental and societal footprint of mining activities.