We are thrilled to announce that JORC drilling has officially commenced at our 100% controlled, 2,200 ha Medet copper rich mine tailings, located in central Bulgaria. We’re recycling historic mine tailings to extract valuable copper, contributing significantly to the European battery industry.
By reprocessing this mine waste, we are not only reducing the harmful environmental impact of traditional mining, but also providing a sustainable solution to meet the growing demands for copper, an essential component in battery anode current collectors, electric motors and charging infrastructure for the EV transition. Currently, we only have enough copper globally for 30% of planned market penetration of EVs.
This initiative isn’t just about environmental sustainability; it’s also about fostering economic growth. By efficiently recycling resources, we’re contributing to job creation and economic development in the region of Pirdop, Bulgaria.
The drilling program will comprise 107 holes for a total of 2,400m of drilling. This initial program will focus on the top 20m of the deposit, but two 100m holes are also planned to test the full deposit thickness. Samples will be collected for every meter drilled and analyzed at the internationally accredited ALS laboratory. In addition, 52 elements will be measured using multispectral – multielement (MS-ME) techniques.
On completion of the drilling and sample analysis, the deposit will be modelled using 3D geological modelling software, and the quantities of the various metallic elements of interest will be estimated. All work is being undertaken in accordance with the Joint Ore Reserves Committee (JORC) Code 2012 edition with assistance from Ridge Consultants and designated Competent Person.
The JORC Code provides a mandatory system for the classification of minerals Exploration Results, Mineral Resources and Ore Reserves according to the levels of confidence in Public Reports. This will assist Altilium and its stakeholders to make informed decision and supports transparency for investment in the Medet mine waste recycling project.
Altilium is a UK Clean Tech group developing green processing technologies to recycle existing waste streams, such as old EV batteries and mine waste, to supply domestic, sustainable cathode and anode materials for new EV batteries.