WMS holds a 9.68% interest in Minex Technologies Limited which has a proprietary process involving a novel chloride vapour based process for extraction of metals from mineral ores, tailings and wastes. The Minex vapour process is a novel process that has no currently known competition. Whilst chlorides have been used in the mining industry these have principally been “wet” soluble processes leaving risk to environment issues.

The process is applicable to the extraction of metals from a variety of sources, including ores, concentrates and wastes produced by mining processes. Preferably, the process of the invention is performed using a metal-containing ore as the source of the metal. The process is not limited to one ore type. The vapour chlorination extraction process may be applied to the extraction of a variety of precious metals, including but not limited to precious metals such as silver and especially gold.

The recent pilot plant tested refractory gold in ore and tailings from a Tier 1 producer who is looking for a mine tailing clean up and metallic recovery solution; zinc and polymetallics from a volcanic massive sulfide tailing from a Tier 1 zinc producer; zinc concentrate in smelter slag from a Tier 1 zinc producer; rare earth elements in ore from the “expected” first new REE mine in North America; and polymetallic ores from an African and Spanish mines

At present WMS is a passive investor in Minex.