Summary
Gold mines lose $5B in recoverable gold each year because they can’t control their process efficiently. Having the right amount of cyanide is the single most critical parameter in the gold extraction process. Furthermore, cyanide costs are the main cost driver for mines and often exceed 70% of the total processing costs. Without reliable and real-time cyanide monitoring tools, mines face high operating costs and losses in gold production. Our Solution, CyanoSmart, is a mobile, IoT read-out device that uses single-use test cartridges to detect cyanide. Operators can use our handheld devices anywhere in the mine and get a result on the spot. Integrated into the Cyano.AI cloud, mines can visualise their cyanide levels in real time online. Our data-driven, connected monitoring system helps mines optimise their gold extraction process, while reducing operating costs, minimising their environmental footprint and eventually achieve the UN SDG goal 12 for their industry. Thanks to our patented molecule and AI-based measurement algorithm, our technology excels in providing a reliable, reproducible result where other technologies regularly fail.
With this proposal, we want to develop the CyanoSmart to scale for the benefit of the entire gold mining industry and community, and contribute to transforming mining into a more transparent and more efficient industry.
With this proposal, we want to develop the CyanoSmart to scale for the benefit of the entire gold mining industry and community, and contribute to transforming mining into a more transparent and more efficient industry.
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More information & hyperlinks
| Web resources: | https://cordis.europa.eu/project/id/881444 |
| Start date: | 01-11-2019 |
| End date: | 30-04-2022 |
| Total budget - Public funding: | 2 219 642,00 Euro - 1 553 749,00 Euro |
Cordis data
Original description
Gold mines lose $5B in recoverable gold each year because they can’t control their process efficiently. Having the right amount of cyanide is the single most critical parameter in the gold extraction process. Furthermore, cyanide costs are the main cost driver for mines and often exceed 70% of the total processing costs. Without reliable and real-time cyanide monitoring tools, mines face high operating costs and losses in gold production. Our Solution, CyanoSmart, is a mobile, IoT read-out device that uses single-use test cartridges to detect cyanide. Operators can use our handheld devices anywhere in the mine and get a result on the spot. Integrated into the Cyano.AI cloud, mines can visualise their cyanide levels in real time online. Our data-driven, connected monitoring system helps mines optimise their gold extraction process, while reducing operating costs, minimising their environmental footprint and eventually achieve the UN SDG goal 12 for their industry. Thanks to our patented molecule and AI-based measurement algorithm, our technology excels in providing a reliable, reproducible result where other technologies regularly fail.With this proposal, we want to develop the CyanoSmart to scale for the benefit of the entire gold mining industry and community, and contribute to transforming mining into a more transparent and more efficient industry.
Status
CLOSEDCall topic
EIC-SMEInst-2018-2020Update Date
27-10-2022
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