Chrysos has two business models: supplying the technology to existing commercial assay labs, which on-sell the analysis service to miners, or providing equipment directly to mine sites.
“We provide the hardware against an agreed contract of a minimum number of samples to be analysed per month … a bit like the old Xerox model,” explains Dr Tickner.
“We wear the upfront equipment cost and offer a model where customers can dip their toe in the water at relatively low risk to themselves.”
“It seems to make commercial sense – and it’s proving quite popular with industry!”
To date, four Chrysos™ PhotonAssay units have been deployed to sites around Australia.
The technology has tested more than 500,000 samples, including detailed evaluations for more than 60 major Australian and international mines.
Chrysos’ most recent installation in Bendigo, Victoria will provide rapid analysis for Kirkland Lake Gold’s Fosterville mine."
Perhaps a jointly funded lab (for the local players) basedat Tarmoola Station?
Any idea of the cost?
From what I've heard, fire assays will simply be a distant memory in short order.
Here's to some super news!
TNR Price at posting:
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