Ausmelt designs and supplies Top Submerged Lance (TSL) Smelting Technology. TSL is a high-intensity bath smelting technique with wide applications in the non-ferrous, ferrous, and precious metals industry. With over 25 years in the mining and metals industry, Ausmelt has achieved commercialisation of the process globally with the installation of twenty five furnaces processing copper, lead, zinc, nickel and PGM concentrates and waste materials.
In addition to its non-ferrous TSL business, Ausmelt is expanding its services & technologies to meet its mission of providing technology solutions across the metals production process chain. These technologies include ferrous TSL technology and mining flotation chemicals.
Ausmelt recently won a Major contract with the Chinese nickel producer, Jilin Nickel Group ( jilin ), China's second largest nickel producer. The contract will deliver revenues in excess of $5 million over the next 18 to 24 months. Design work is due to start immediately. The smelter with produce 220,000 tonnes a year of nickel-copper concentrates and 55,000 tonnes per year of nickel-copper oxide material. It will also recycle materials from the process. This is the third such contract won by Ausmelt this financial year.
Ausmelt also has an AM2 hydroxamate based mineral flotation reagent which has been developed and patented. This is used mainly to increase metal recoveries from a wide range of ore types and a wide range of applications.
Triako Resources (TKR) have a 25% interest in Ausmelt and Felix Resources a 2.5% interest through their 90% owned subsiduary S.A.S.E. Ausmelt has a 5% interest in S.A.S.E.
Ausmelt have purchased the Whyalla pig iron Demonstration plant from Felix Resources ( Felix hold certain rights through S.A.S.E. to repurchase the plant. )
ADC, 78.5% owned by Ausmelt and 21.5% by Felix Resources ( Felix interest has certain limitations and they hold the rights to shares in Ausmelt if ADC are not floated on the ASX by late 2007. )
The Ausiron(R) process for direct ironmaking is based on Ausmelt's commercially successful Top Lanced technology. ( Felix Resources hold full rights to the use of this technology in South Australia through their 90% owned subsiduary S.A.S.E. )
The Ausiron(R) technology builds on the non-ferrous success, with the process already proven at the purpose-built Demonstration Plant in Whyalla, South Australia.
A chinese steelmaker is currently undertaking a feasibility study based on a 500ktpa Ausiron(R) Module.
Ausiron has submitted a proposal for pig iron production using mining tailings.
Ausmelt is pursuing a project to establish commercial operations using its Whyalla Demonstration Plant. The plant will be reconfigured to a non-ferrous application, proven in commercial use elsewhere. Once established the project offers consistent revenues from primary and secondary processing operations.