Clean tech company EnviroGold Global has executed a binding, definitive agreement with Hellyer Gold Mines to reprocess the tailings at the miner’s gold operation in Tasmania, Australia.

The companies had signed a memorandum of understanding late last year. 

EnviroGold said the execution of the transaction cements a major growth catalyst for the company, paving the way for finalisation of project financing negotiations and materially advancing its accelerated pathway toward commercial production of precious metals (gold and silver), clean energy metals and battery metals (copper, lead and zinc) in 2022.

“[This] represents the achievement of a strategic milestone for EnviroGold Global on our journey to producing precious, critical and strategic metals at seven major projects by 2025,” said Dr. Mark Thorpe, chief executive of EnviroGold.

A historical JORC mineral resource estimate completed in November 2020 for NQ Minerals, the parent company of Hellyer Gold Mines, reported an estimated 6.37 million tonnes of measured and indicated mineral resources at the Hellyer mine and 1.21 Mt of inferred mineral resources with gross metal grades of 2.60 g/t Au, 94 g/t Ag, 2.33% Zn, 3.01% Pb and 0.19% Cu.

Source: EnviroGold Global