Overview

Low-Cost, Near-Term Gold Production...

Industry Overview

The Gold Mining Sector

While long-term demand for precious metals is supported by strong global economic and industrial factors, fewer discoveries, lower grades, higher mining costs, and declines in global reserves, is driving a quest for the adoption of innovative new technologies to lower production costs and monetize currently untapped sources of gold production.

Mine Tailings Reprocessing

Studies have estimated that the value of precious metals at old mine sites exceeds USD $1 trillion. In the US alone there are over 32,000 closed gold mining sites with on-surface tailings. The production of metal from these sites provides a huge financial opportunity that is aligned with the increasing investment in sustainable and responsible businesses.

Corporate Focus

Innovation Mining is committed to using best practices to develop and capitalize existing well-defined mineral resources in an environmentally-friendly manner. The Company is focused on identifying, qualifying, and developing near-term gold production opportunities.

Clean Tech Advantages

The Innovation Mining process offers a low-CAPEX/OPEX alternative to the conventional costly processes such as Gravity/Flotation concentration or agitated tank leaching.

The whole-ore nature of the Innovation Mining process provides an economic advantage over fine milling processes. These operations typically require significant investments in infrastructure, process equipment, tailings compounds, and have higher process costs than whole ore vat leaching.

Operational Benefits

Reduced financial barriers to gold production
Reduced environmental barriers to gold production
Predictable, low risk gold recovery
Unlocks value of dormant, stranded assets
Simplified permitting process
Accelerated production profile
Capitalizes past exploration and resource development
Flexible mining partnerships
Little infrastructure required
Fast evaluation/qualification process
Adds value to property and company metrics

Eco-Friendly and Sustainable

The selected reagents and hydrometallurgical process offers the following Features:

Low environmental impact formulas
Operates at ambient pressure & temperature
Process water & reagents are recycled & reused
No air emissions or water effluent
Operates at a neutral pH
Simplified permitting process
Small operational footprint
Dry benign tailings (no tailings dam)
Effective on both oxide and complex ores

Low CAPEX & OPEX

Features & Benefits

Small-scale, low-cost surface mining
Modular reusable components
Reusable chemistry and water
100 TPD operation under $5M USD CAPEX
Minor Infrastructure & access required
Limited rolling stock required
Low production costs
Low remediation costs
Simple operations - small operational staff

Near-Surface Focus

Small-scale, low-cost surface mining
Modular reusable components
Reusable chemistry and water
100 TPD operation under $5M USD CAPEX
Minor Infrastructure & access required
Limited rolling stock required
Low production costs
Low remediation costs
Simple operations - small operational staff

Strategic & Critical Metals and Minerals

While Innovation Mining is focused exclusively on the development and mining of gold and silver deposits, the Company may explore other potential metallurgical applications for it’s unique suite of technologies such as the extraction of strategic and critical metals and minerals.

Strategic Metals are raw materials critical to modern technology and industry, but whose supply is limited and/or subject to disruption. Basically, they are materials you really need, but someone else has. With more than 80% of their production coming from China, it is clear why they are considered strategic assets by the US and other industrialized nations.

Industries thirst for strategic metals and minerals for the Electric Vehicle and battery sector are driving a surge of exploration and new discoveries of raw materials needed for this development.

Past research has identified the following critical and strategic elements which are potentially soluble in the Innovation Mining selected hydrometallurgical solution; Lithium, Rubidium, Cesium, Beryllium, Scandium, Vanadium, Chromium, Antimony, and Gallium.