Alexander Mining signs royalty licence agreement with Metalvalue

Alexander is pleased to report that it has signed an agreement with Metalvalue for the use of the Company's mincrushing screening plant flow sheet autocaderal processing technology.

Metalvalue is a successful private business focused on the commercialisation of leading edge technologies in the natural resources industry, including in the iron ore beneficiation and steel business.

It is run by its founder, Alain Honnart, an engineer who has a distinguished career as a senior executive and expert in intellectual property commercialisation within the global metals business.

Whilst Group Industrial Director with the French multi-national Vallourec Group, he successfully created and managed several companies and joint ventures in China, Korea, India, Brazil, Sweden, USA and Europe.

Under the Agreement, which has a twenty year term, Metalvalue has been granted a non-exclusive and non-transferable licence to use and sub-licence the Leaching Technology.

This right is restricted to entities not on an exclusion list agreed between Alexander and Metalvalue. Under the Agreement, Metalvalue has the right to licence/sub-licence the Leaching Technology for potential discrete projects for the development of a particular mineral resource at a particular site.

However, for specific favourable opportunities these terms may be varied, at Alexander's sole discretion, to include multi-site licensing or general agreements to maximise commercialisation for mutual benefit with Metalvalue.

For saleable metal product obtained from processing using the Leaching Technology, Alexander will receive a gross sales royalty based on normal industry practice.

It is the intention that Metalvalue will identify new targets for the Leaching Technology and will assist in bringing these into production, using the Leaching Technology, thereby creating a new royalty stream for Alexander.

Martin Rosser, Chief Executive Officer, said: "The agreement with Metalvalue is a major commercial milestone for Alexander as it gives us the opportunity to develop a lucrative business relationship.

Metalvalue's Managing Director, Alain Honnart, has extensive industry expertise and a proven record in commercialising intellectual property, as well as having worldwide contacts at the highest executive level which complement those of Alexander. We are already working on significant opportunities with Metalvalue in three countries."