RE: Company presentation10 Feb 2026 22:10
The company has acquired and developed a proprietary oxidation technology that transforms sulfide ore into oxide ore, making previously unrecoverable gold accessible through conventional heap leaching.
This technology reduces capital expenditure for Metates from $3.5 billion to $360 million, increases IRR from under 10% to 35%, and enables a smaller initial operation of 15,000 tons per day with potential to expand.
The technology has been proven on a commercial scale at the Hycroft mine, achieving 80-90% gold recovery from previously 20% recoverable material, and has potential applications for many other refractory deposits globally.