MSALABS announced that it has expanded its global partnership with Chrysos Corporation ("Chrysos"). The partnership will see MSALABS, deploy 21 Chrysos PhotonAssay units across the globe by 2025. Roll-out of initial six units proceeding on-track:In April 2021 MSALABS announced its global partnership with Chrysos and revealed the planned deployment of six PhotonAssay units across its global network.

This rollout commenced with a unit at Barrick Gold's Bulyanhulu Gold Mine, Tanzania and represented the first Chrysos PhotonAssay unit deployment outside of Australia. MSALABS has continued the rollout with units now commissioned at the Morila Gold Mine, Mali (Firefinch) and in Val d'Or, Quebec, Canada. A fourth unit will arrive imminently in Yamoussoukro, Cote d'Ivoire with facility preparations well advanced.

A fifth unit is ready for shipment to the Kibali Gold Mine, DRC (Barrick Gold) with the sixth unit due to begin installation in Timmins, Canada by the end of 2022. A further 15 units rolled out over 2023 and 2024:MSALABS has committed to a further 15 Chrysos PhotonAssay units that will be rolled out over 2023 and 2024. MSALABS is currently engaged with multiple mining companies globally including most of the Top 10 and continues to see exceptional demand for this revolutionary new technology.

Chrysos PhotonAssay - A revolutionary technology: MSALABS has become an early adopter of Chrysos PhotonAssay as it delivers multiple advantages over the slower, more hazardous fire assay process. The PhotonAssay technology provides faster, safer, more accurate and environmentally-friendly analysis of gold, silver, copper and other elements. The process is significantly simpler than fire assay, dramatically improving the turnaround time for results and reducing the risk of human error, with the added benefit of being able to retain and retest samples.

In addition, the use of X-rays avoids the high temperatures and harmful chemicals such as lead and acids involved in fire assay, making it more environmentally friendly with a lower carbon footprint.