Remember those Fortnightly newsletters a few years back...Yes, & how about "GoldTec Mining System", a culmination of existing technolgies & methodologies consolidated into an efficient mining extraction process which was apparently ingeniously devised by ML himself. Wasn't this "IP" structured into an R&D subsidiary vehicle for subsequent licensing to whoever wanted it in return for payment of royalties? I wonder why they have not yet subscribed to their own system...
And so, where is the implementation of this methodology? Goldduck is correct in pointing out the fact that the company has gone quiet on the application of the "GoldTec Mining System"...
I refer to the infamous fortnightly newsletters for the relevant extracts as many newbys did not have the good fortune of experiencing the involuntary shareholder's subscription of & of course its free printed mail delivery to your very own doorstep...
Citigold has developed new ways to apply existing proven technologies that have been brought together into the GoldTec Mining System” Mr Foord said. Citigold Newsletter Issue 1 June 2005
And the big spin of the "GoldTec Mining System" from Citigold Newsletter Issue 3 June 2005, refer below:
GOLDTEC SYSTEMS TO REVOLUTIONISE CITIGOLD
Citigold’s General Manager, Engineering, Mr Garry Foord, said recently that the company’s planned adoption of GoldTec Mining System technologies would revolutionise its mining operations. Citigold’s introduction of GoldTec
technologies, which it helped to develop, were part of an integrated system to provide a safer and more cost-efficient method of underground gold reef mining.
The company’s innovative ways of utilising new and existing
technologies, such as portable ore sorters, ore crushers and electronic monitoring equipment, is set to lower Citigold’s gold production costs by 30 percent.
Mr Foord said that many of the GoldTec technologies, including photometric ore sorters, would be taken underground. The ore sorters utilise laser light beams to
separate gold-bearing quartz rocks from barren waste rocks.
“As the rocks are spread across a fast moving conveyor belt, the 120 laser sensors identify different rock types and then reject the waste rocks by using jets of air to
shoot them into different bins to the gold-bearing rocks,” Mr Foord said.
“The major advantage of the underground ore sorter is that, by removing the waste rocks underground, they can be left there. This saves the $24 per tonne it
would cost to haul the waste rock from underground to the surface treatment plant outside the City and processing it into the tailings dam,” he said.
Mr Foord said while ore sorters were expensive machines, they would only take 12 to 18 months to pay for themselves, after which Citigold would receive substantial cost savings.
Another cost saving GoldTec technology, the mobile ore crusher, has previously been used by mines underground as a fixed installation. Citigold may be the first Aussie mining company to use ‘off the shelf’ mobile crushers underground. These machines will ensure that ore is correctly sized for the photometric ore sorter, as
well as being able to move further into the mine as the underground workings go deeper.
E-Tags are another useful GoldTec technology. They are
part of a computer-based Equipment and Personnel Control
(EPC) system, much like the “e-Tag” vehicle ticketing systems used in some cities to record vehicle tollway usage. “Citigold’s EPC system will monitor all equipment and personnel within its mines, in order to better
maintain equipment and maximise underground safety. The system will gather vital equipment maintenance data that will be used for timely reordering and purchasing,” Mr Foord said.
Other innovative uses of technology by Citigold include taking computer ‘PC’ equipment underground. This saves time by allowing key personnel to analyse data within the mine, thereby eliminating the need to regularly return to the surface.
Citigold will introduce its GoldTec Mining technologies progressively throughout its mines.
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