Test Results Demonstrate an Expansion of Applications for Proprietary Leach Technology

TORONTO, Feb. 27, 2024 (GLOBE NEWSWIRE) — EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) (“EnviroGold Global” or the “Company”), develops and owns clean technology working to quickly supply society’s need for low carbon economy metals from mine waste, is pleased to announce the successful completion of initial test work for its Smelter By-Product Project with a major global metal production company.

The initial test work, conducted by our inhouse team of experts, in conjunction with Brisbane Metallurgical Laboratories in Brisbane, Australia, focused on optimizing copper, silver, lead, zinc, and iron recovery from the smelter by-product, which results from previous metal processing operations. The results demonstrate another step change in efficiency in extracting critical metals from these by-product materials.

The test results confirmed excellent liberation of critical and precious metals using EnviroGold Global’s proprietary hydrometallurgical process (NVRO process) and support moving to phase 2 testing. The company is pleased to report the initial test results on a leach of the smelter by-product showed a strong oxidation rate and recovered very high levels of metals. The value of the current feed to the NVRO process is estimated to be over US$900/tonne (based on current LME pricing).

MetalRecovery
Copper98%
Iron98%
Zinc98%
Lead42%
Silver27%


The team will complete additional work to further understand and improve the silver recoveries.

The Company expects to further optimize these results in the Phase 2 test work. Phase 2 testing is expected to start in Q2 2024. With success in Phase 2, work will start on pre-pilot plant testing.

Mr. Malcolm Smith (CEO) commented,

We are excited to be able to expand the scope of materials from which we can recover critical, strategic, and precious metals. We look forward to our continued journey to help the world bridge the gap in metal production that is predicted with the global transition to a low carbon economy.”

About EnviroGold Global

EnviroGold Global is a CleanTech company that uses proprietary technologies to reduce the environmental liabilities of wastes and by-products from metal production projects while maximizing return for its shareholders. The Company is dedicated to establishing ESG and circular economy leadership by profitably reprocessing and remediating mine waste (tailings) and smelter by products to recover precious, critical, and strategic metals – including gold, silver, copper, zinc, and nickel. The Company intends to deploy a royalty model for its technology by licensing the NVRO process to waste and by-product owners.

Further Information

Mr. Malcolm Smith
Chief Executive Officer 
Telephone: +1 416 777 6720 
Email: InvestorRelations@EnviroGoldGlobal.com
Website: www.EnviroGoldGlobal.com 

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release. 

Forward-Looking Statements

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Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.