Third-party funded testwork on high-grade refractory gold systems positions RCL for regional deployment and licensing across Western North America
Highlights
• Temas has executed a Letter of Intent (“LOI”) signed with 1542642 B.C. Ltd. a private mineral project developer (the “Developer”) to test Temas’ patented Regenerative Chloride Leach (“RCL”) processing technology on ore from the Revel Ridge polymetallic Gold-Silver project (3.0Moz @ 6.4g/t AuEq).
• The Developer intends to fully fund bench-scale and pilot scale test work, delivering capital efficient, third party validation of RCL technology on a refractory gold system.
• Temas’ 100% owned RCL technology platform comprises 11 granted process patents, covering the extraction of multiple metals, including but not limited to Gold, Titanium, Nickel and Rare Earths.
• Successful testwork may lead to formation of a Temas-controlled JV being with the Developer to commercialize and deploy the RCL platform in Western North America (indicative Phase 2 structure 80/20 in favour of Temas).
• Approximately 22% of gold resources worldwide occur in refractory deposits representing a substantial addressable market for RCL deployment and licensing.
• Temas continues confidential discussions with multiple third parties regarding additional RCL trials on complex ore and tailings, supporting a scalable commercialization strategy.
Mr. Tim Fernback, Temas Chief Executive Officer commented:
“With a meaningful portion of the world’s gold, silver and secondary metals locked up in refractory ores globally, we see this comprehensive multi-phase test program as an important step in demonstrating the commercial potential of our patented RCL technology platform. Revel Ridge provides a real world setting to validate ability and improve recoveries and reduce environmental liabilities, while also serving as a reference point for wider adoption.
Subject to successful results, the LOI provides a clear pathway to a Temas-controlled commercialization vehicle focused on Western North America, where we have a deep operating experience and where demand is growing for progressing solutions that improve recoveries, reduce tailings impacts and support permitting outcomes.”
Temas Resources Corp. (“Temas” or the “Company”) [ASX: TIO | CSE: TMAS | OTCQB: TMASF | FSE: 26P0] is pleased to announce a Letter of Intent (“LOI”) with 1542642 B.C. Ltd. a private mineral developer. (the “Developer”) to undertake funded testing of Temas’ patented Regenerative Chloride Leach (“RCL”) metallurgical platform technology on ore from the Developer’s Revel Ridge polymetallic gold-silver project (3.0Moz @ 6.4g/t AuEq).
RCL Platform Overview
RCL is an innovative, advanced hydrometallurgical platform designed for the efficient extraction of metals from complex mineralisation, concentrates, slags and tailings in an environmentally responsible manner.
Key attributes of the RCL platform include:
• Ability to process low-quality feedstocks and render high-value end products,
• Atmospheric pressure and lower-temperature operation relative to conventional chloride or
sulphide routes,
• Closed-loop reagent recycling delivering materially lower operating costs and reduced
environmental footprint, and
• Enhance the recovery of critical metals, battery metals, platinum group minerals, precious and base metals and rare earth elements.
The LOI sets out a staged testwork and commercialization pathway intended to 1) validate RCL on a refractory gold system and 2) if successful, progress to a future Joint Venture (“JV”) for the deployment and commercialization of RCL in Western North America, including refractory gold and tailings opportunities.
The LOI is broken into 3 distinct phases with clear technical and commercial milestones, meaningful project milestones: bench-scale testing, pilot-scale testing, and potential progression toward a demonstration-scale processing facility, subject to results and agreement between the parties. Progression to Phase 2 will be forming a Joint Venture (the “JV”) between Temas and the Developer to deploy the RCL process commercially in Western North America and specifically on refractory gold and tailings projects.
Refractory Gold Opportunity
The Developer’s predecessors contemplated a Pressure Oxidization (“POX”) processing route for the deposit. Temas believes RCL to potentially to complement, or subject to testwork outcomes, may have potential to replace elements of conventional routes by improving recoveries of the gold and significantly the silver, and enabling recovery of additional co-product while reducing the quantity and reactivity of tailings.
While initial testing will include evaluation of enhanced recovery of secondary metals, such as silver, zinc and lead, the program will take a holistic assessment of RCL as the potential primary processing option, subject to results.
Terms of the Letter of Intent:
Phase 1 – Technical & Business Development Work
• The Developer’s Commitments at its sole cost and before the end of summer 2026:
- Bench-scale testing of the RCL Technology on Revel Ridge material.
- Pilot-scale testing following successful bench scale outcomes
• Temas Business Development
- Business development activities undertaken by Temas in a defined region of Western North America during Phase 1 will, if the Parties proceed to Phase 2, be attributable to the JV on a cost recovery basis from the election point forward.
Phase 2 – Formation and Funding of Joint Venture
Upon completion of the Phase 1 program and upon the receipt of results, Temas and the Developer shall enter further discussions to consider establishing the formation of a Joint-Venture & Funding package. The proposed Phase 2 program is non-binding at subject to both parties securing definitive terms of engagement. The LOI outlines;
• Formation of an 80/20 Joint (in favor of Temas), terms of which are to be negotiated by
both parties in good faith.
- The JV’s purpose to fund and advance the RCL technology platform to commercial status,
including.
• testing on third-party mineral projects, deposits and tailings; and
• Pursuing commercial deployment primarily focused on refractory ores and complex
feedstocks.
• Indicative Terms (“the Developer”):
- Invest CAD$2,000,000 into the JV upon election to proceed;
- Appoint two members to the JV management committee.
• Indicative Terms (“Temas”):
- Exclusively deploy the RCL platform in Western North America through the JV;
- Appoint 3 members to the JV management committee;
- Operate the JV.
Phase 3 – Deployment & Project Development
Subject to JV formation and funding, the JV would seek to:
- Deploy the RCL technology directly on projects within Western North America;
- Acquire assets suitable for technology deployment;
- Establish special purpose vehicles ("SPVs") for project development or deployment of the
Technology or related assets.
The parties agree to deal exclusively with each other and negotiate in good faith towards a definitive agreement
About us:
ABOUT TEMAS RESOURCES
Temas Resources Corp. (ASX:TIO | CSE:TMAS | OTCQB:TMASF | FRA:26P0) is a technology-driven critical minerals company advancing a dual-business model built around proprietary processing innovation and strategic mineral ownership. The Company’s patented Regenerative Chloride Leach (RCL) technology platform delivers significant operational cost reductions — validated at up to 65% lower than traditional processing — while dramatically reducing energy use and environmental impact
Contact details:
Jane Morgan- [email protected]
+ 61 (0) 405 555 618
