Dominion Mining Limited
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
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
LionOre is an international mining company headquartered in
Toronto, Ontario, Canada and trades on The Toronto Stock Exchange
under the stock symbol "LIM".
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