Posted by Daniel Gleeson on twenty seventh November 2024
Chrysos Corp has signed a brand new buyer contract underneath its commonplace phrases and situations with OceanaGold Company to lease a PhotonAssay™ unit on the Macraes Operation in New Zealand for 3 years with a possible two-year extension.
The Macraes Operation on New Zealand’s South Island is the nation’s largest energetic gold producing mine, having produced over 5 Moz of gold since 1990.
Anticipated to be put in within the first six months of 2025 and representing Chrysos’ first deployment in New Zealand, the Macraes unit will likely be operated by present Chrysos buyer SGS; representing the primary PhotonAssay unit to be leased by a miner and operated on-site by a laboratory.
Chrysos says it views this working mannequin to be of significance to its enterprise because it affords the corporate operational flexibility in the way it approaches the market and executes its international enlargement plans.
As soon as deployed, the Macraes unit would be the second PhotonAssay unit outdoors of Australia, and the fourth unit total, to be operated by SGS.
Chrysos Managing Director and CEO, Dirk Treasure, mentioned: “We’re happy to be working with OceanaGold on this new deployment mannequin; not solely does it develop PhotonAssay’s footprint within the Asia-Pacific area, nevertheless it will increase our relationship with one of many world’s main laboratory firms.
“Our greatest-fit leasing method not solely demonstrates the evolution of our miner and laboratory relationships, but in addition helps the number of working fashions being utilized by clients internationally. This operational breadth supplies Chrysos with flexibility in the way it approaches the market and executes its international enlargement plans.”
SGS just lately mentioned it was increasing its Chrysos PhotonAssay providing, confirming will probably be in a position to provide evaluation utilizing this expertise at its Orange laboratory in New South Wales, Australia, from December.
