Ditch the pain of discovery

Is the future of gold recoveries about near surface and sustainability with one junior AIM explorer disrupting the industry with the clean and clever technology.

When I returned from a three-year shift in The Philippines, my first job back in Blighty was as a reporter for Reuters and we were in the thick of the then Labour government selling off a huge chunk of the country’s gold reserves.

Reuters is known for its impartiality, but all of us journos got a bit of a sweat on as we couldn’t find many commentators who believed selling half of the U.K.’s reserves was a good thing when the price in 1999 was at an almost 20-year low.

The gold was sold and raised a modest US$3.5 billion. But that 400 tonnes or 12.8 million ounces of gold at today’s prices is worth roughly US$36 billion which is more than enough to plug the financial black hole the now government has adopted as its go-to mantra since regaining power.