Chrysos Corporation Ltd managing director and CEO Dirk Treasure talked with Proactive about how the company is scaling its PhotonAssay™ technology globally. Treasure explained that Chrysos was formed to commercialise PhotonAssay™, a gold analysis technique designed to replace the industry’s traditional fire assay, a method he described as “a 2000-year-old archaic technique.”
According to Treasure, PhotonAssay™ delivers a range of advantages: it’s faster, more environmentally friendly, uses a larger sample size, and offers greater accuracy. “It’s practically better in every way than the industry currently analyses gold,” he said.
The company operates under a lease model with take-or-pay arrangements, allowing clients to convert to PhotonAssay™ while potentially saving money. Chrysos recently signed a master services agreement with Newmont Corporation to deploy the technology at the Ahafo mine in Ghana. Treasure emphasised the commercial and strategic significance of the deal, placing it alongside existing relationships with major miners such as Barrick and Northern Star.
Looking ahead, Treasure outlined ambitious goals for market penetration, stating: “We're going to have PhotonAssay™ used by all of the miners around the world.”
Watch the full interview to learn how Chrysos is transforming gold analysis.
Visit Proactive's YouTube channel for more videos. Don’t forget to like, subscribe, and enable notifications for future content.
#ChrysosCorporation #PhotonAssay #GoldMiningTech #MiningInnovation #DirkTreasure #Newmont #AhafoMine #MiningNews #AssayTechnology #ProactiveInvestors