Are Refractory Projects Undervalued by the Market?

We’ve got a special technical chat for the Money Miners with Rob “Refractory” Ryan coming onboard.

We run through all the ins and outs of what refractory ore is, what it means for a project, how investors should think about it, what it does to the capex & opex, plus a bunch of real world operations that’ve had to deal with this type of mineralisation.

All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.

Thank you to our Podcast Partners:

Terra Capital – Specialist Investment manager in the natural resources sector

An5ytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more

JP Search – Recruitment specialists for the financial world

K-Drill – Safe, reliable, and productive surface RC drilling

SMEC Power & Technology – Electrical specialists for the mining industry

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Timestamps:

(0:00) Preview

(0:54) Intro

(4:26) What is refractory ore + more definitions

(8:29) Different refractory mines in Australia and around the world

(14:17) What are the different mineralogies

(17:26) What are the different processing techniques

(28:40) The failures at Wiluna

(35:40) Are there many other failed attempts?

(39:41) Where has Preg Robbing been an issue?

(42:00) Fosterville refractory processing

(45:57) What does it mean for the opex

(49:15) What happens to the capex?

(51:35) Why do KCGM ultra-fine grind rather than Roast/POX?

(56:45) What does it mean for De Grey?

(1:00:09) Getting to gold (and copper) concentrates

(1:04:07) Cost of shipping concentrate around the world