CURTIN UNIVERSITY EXTENDS GLOBAL LICENSE AGREEMENT WITH MPS (2017)

CURTIN UNIVERSITY EXTENDS GLOBAL LICENSE AGREEMENT WITH MPS (2017)

Curtin University recently signed an extension to its existing license for Glycine Leaching Technology with Mining & Process Solutions (MPS). The extension grants MPS exclusive enduring global commercialisation rights building on the previous territory limited agreement.

Glycine Leaching, developed by Professor Jacques Eksteen and Dr El-Sayed Oraby, is a new and alternative means to extract minerals from ore. The key advantages are its chemical selectivity, its ability to be regenerated and reused, and its biodegradable non-toxic nature.

MPS is a privately owned and funded organisation with a goal to bring innovative thinking and technology to the mining and processing of untreatable deposits. It is based at the Australian Mineral Research Centre in Perth where it has capability to undertake industrial test work and access to world class analytical and mineralogical expertise.

The technology is being marketed as GlyLeachTM by MPS. Over 30 amenability test programs for deposits hosted in 10 different countries geographically dispersed across the globe have been completed and a few of these have advanced to more detailed assessments with five licenses with mining companies currently under consideration.

Ivor Bryan, MPS Managing Director said “The signing of this extension agreement is a significant milestone for MPS. We have been working closely with Curtin for almost 2 years on both the commercial and technical aspects of the technology and we have validated industry’s interest in the technology. The agreement underpins our plan to deploy a scalable commercialisation model for getting the technology to market. ”

Worldwide, there are many known mineral deposits and wastes which cannot be developed in a financially viable manner using conventional extraction technologies. The commercialisation of Glycine Leaching is expected to offer a viable solution for these deposits. Royalties from the use of the technology will be shared by Curtin and MPS, and will partly be used to continue this and other related innovative research in minerals processing.