SAMPLING , ANALYSIS AND LAB ASSAY
PhotonAssay tech has gained market traction over the last half decade , gaining access to both the major commercial laboratories serving the mining sector , as well as some of the biggest gold mining companies with captive labs
field for even faster material analysis turnaround times .
While the Chrysos R & D team continue to test out future functionality within the ATOM platform , Treasure says customers will already start to see ATOM ’ s impact on the new commercial unit .
“ We decided that , instead of splitting off into two different product lines that could be
deployed either in the lab or the field , we would develop a smaller , more evolved MaxGen 2 flagship unit for a variety of laboratory contexts ,” he explained .
This reflects the fact that around half of the gold-focused exploration drilling that takes place across the industry is at existing mines where PhotonAssay units could be installed at an integrated or commercial lab , as well as the fact that , at Chrysos ’ current manufacturing capacity of 18 PhotonAssay units a year and a total addressable market of 610 units , the company already has a massive market at which to aim .
This total addressable market is expected to grow again with the new-generation units .
“ By reducing the footprint of the unit , reducing the time required to deploy the unit and reducing the on-site maintenance requirements , we are opening up the opportunity to deploy PhotonAssay technology more widely ,” Treasure says .
Development of MaxGen 2 continues the evolution of PhotonAssay ’ s applicability for smaller operations , with customer economic benefit able to be derived from a throughput as little as 6,000-8,000 samples per month .
“ This technological flexibility allows us to engage with smaller and smaller mines , and increasingly , circa-40,000 oz / y mines are becoming part of our discussions across the market ,” Treasure said .
With plans to start building these new units in 2024 , Treasure foresees the first MaxGen 2s shipping for installation in early 2025 .
“ The key point to take away , is that we ’ re improving on the first generation of technology with MaxGen 2 while retaining the accuracy , precision and speed that has been so well received across the industry globally ,” Treasure concluded .
ColdBlock tech available in Chile
ColdBlock Technologies has similar aspirations to Chrysos in the sample digestion space , backed
By
securing mines and underground structures , safeguarding the well-being of people and improving the efficiency of business , we help our customers achieve their objectives – safely , sustainably and cost-effectively . dsiunderground . com