Sixth Wave Innovations Inc. announced the signing (Sept. 7, 2022) of a three phase test and implementation contract ("Contract") that will field SIXW's patented IXOS® molecular imprinted polymer for extraction and purification of gold and silver (the "IXOS® Mining Technology") at the Penhalonga Gold Mine, Zimbabwe. Additionally, Magnus Resources plans to build and deploy three smaller processing plants to assist regional artisanal mining groups in Zimbabwe.

The goal is to assist and direct artisanal mining operations from dangerous and environmentally destructive practices involving mercury amalgamation. The project will be carried out in three phases. Phase 1 of the project will commence immediately with Magnus sending ore samples to SIXW's laboratory for extraction and recovery testing.

This phase is expected to complete within 6-8 weeks after receipt of samples and will provide the metallurgical information required for Phase 2. The contract specifies USD 49,240 for this phase. Phase 2 of the project will begin upon completion of the testing and includes a mine site visit to evaluate existing infrastructure. Further, SIXW mining experts will obtain necessary data required for the pilot circuit to include historical metallurgical test data, test results from SIXW's laboratory analysis, geological data, existing infrastructure, and project throughput of 5tph.

Phase 2 will focus on pilot-plant process design, engineering, and implementation for gold recovery from oxides at an estimated cost of USD 26.1 million. The contract contemplates expansion of the process capacity and testing and implementation of additional capability to deal with the transitional and refractory ore (not been costed at this time). In addition to the plant for Penhalonga, Phase 2 activities will include testing, engineering design, and delivery/commissioning of three portable VAT leach adsorption/desorption/recovery plants that are capable of processing 100tpd of ore.

The portable plants will be placed in strategic regions of the country to service readily available ore from small and medium sized artisanal miners. It is estimated that each plant will cost between USD 7.8 million and USD 11.5 million depending on actual configurations, with currently 3 plants planned.