INVESTMENT OPPORTUNITIES
Global market overview
The global market for this technology can be illustrated with the example for copper.
The global copper mine production reached 20.3 million tons in 2019 valued at U$120 billion. There are millions of tons of the copper contained wastes around the world. Conservatively, at least 5% of copper remains in the waste or tailings valued at approximately U$6 billion a year.
The proposed technology enables the cost-effective recovery of the residual copper. Around 20% of the remaining copper can be recovered and the value of the recovered copper could reach U$1.2B.
Australian market
There are dozens of confirmed small copper deposits in Australia. Their copper reserves vary from 500 tons to 5,000 tons of contained copper.
There are a number of factors that make them uneconomic to process including scarcity of water, presence of fines, low copper grade.
This is a niche market for the RIP/RIMM technology which uses modular and transportable plants and requiring less water and chemicals.
This market value is estimated at A$500M.
Potential partnership
NGMX is seeking for partners for the technology implementation in mining sector and environmental projects. These projects could be related to recovering copper from low grade oxide ores, tailings and waste water.
Four mining projects have been identified in Australia and require investment for the implementation of the RIP/RIMM technology.
