Dominion Mining Limited Business Editors TORONTO--(BUSINESS WIRE)--March 3, 1998--(TSE:LIM.) LionOre Mining International Ltd. ("LionOre") is pleased to announce the signing of an agreement with Dominion Mining Limited ("Dominion Mining") of Perth, Australia, giving LionOre the exclusive right to earn a 55 percent interest in the Activox(r) downstream nickel processing technology owned by Dominion Mining. LionOre will conduct further technical, legal, and financial due diligence before confirming its decision to proceed. LionOre's President and CEO, Mr. Gil Playford said today, "This agreement is an important advancement in achieving the company's strategic objective of becoming a significant participant in the international nickel industry." Mr. Playford added, "The Activox(r) technology is already at an advanced state of development, and if proven on a commercial scale, could add substantial value to the company's future nickel operations." Activox(r) is a hydrometallurgical process for the treatment of sulphide concentrates. It was originally developed and designed for refractory gold ore concentrates, but the technology has now evolved to include the treatment of other materials, such as nickel and copper. The process incorporates fine grinding and pressure oxidation leaching of sulphide concentrates at lower temperatures and pressures than other pressure oxidation processes. The Activox(r) process delivers an intermediate nickel product, which is then processed to final metal in a further downstream process, the options for which include solvent extraction and electrowinning. LionOre is an international mining company headquartered in Toronto, Ontario, Canada and trades on The Toronto Stock Exchange under the stock symbol "LIM".
LIONORE MINING INTERNATIONAL LTD. SIGNS AGREEMENT WITH
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