ABx Group Boosts Confidence in ALCORE Process with Record Fluorine Recovery
Key Ideas
- ABx Group's ALCORE process achieved a record 97% fluorine recovery, boosting confidence in the technology.
- Shares surged over 10% in response to the news of the successful recovery in New South Wales.
- The company plans to optimize commercial plant operations with the improved recovery rates and process understanding.
- CEO Mark Cooksey expressed confidence in ALCORE's capabilities with near-complete recovery of fluorine from industrial waste.
ABx Group (ASX:ABX) has achieved a significant milestone in its ALCORE process with the bath pilot batch reactor achieving a record 97% recovery of fluorine, marking an improvement from the previous recovery rate of 93%. The reactor, located in the ALCORE Technology Centre in New South Wales, is designed to recover fluorine from aluminum smelter bath waste to produce high-value hydrogen fluoride. By incorporating a two-stage design in the continuous pilot plant reactor, ABx aims to enhance recovery rates and optimize operations using the insights gained from the latest results. The successful recovery rates validate the company's theories on factors influencing fluorine recovery and provide flexibility for future plant optimization. CEO Mark Cooksey praised the stellar results and strong process understanding demonstrated by ALCORE, instilling confidence for further scale-up. In addition to its advancements in fluorine recovery, ABx Group is also focused on a rare earth project in Tasmania and establishing a plant to produce hydrogen fluoride and aluminum fluoride from recycled industrial waste. The company's participation in the International Mining and Resources Conference in Sydney highlights its commitment to innovation and sustainability in the mining sector.