Watch the pitch for a live capital raise | Investment Ideas | Gold | Mining

TL;DR

A new closed-loop mining system aims to extract smaller, previously ignored deposits, revolutionizing the mining industry.

Transcript

what would you say if I told you that there is trillions of dollars of resources gold copper lead silver zinc to sitting in the ground being ignored when these experts say hey we're not fun enough resources what they mean is that they're not find enough resources that suit their business models that sue their mining method we know there's trillions... Read More

Key Insights

• 👨‍💼 Trillions of dollars' worth of resources remain untapped because they don't fit the business models and mining methods of large mining companies.
• 😚 Optimum IT Systems' closed-loop mining system combines keyhole mining, mobile processing, and ground repair, making mining cheaper and more environmentally friendly.
• 😚 The closed-loop mining system has the potential to unlock small, previously ignored deposits, such as the era van gold deposit in Australia.
• 😚 Optimum IT Systems is seeking $3.5 million Australian dollars in equity investment to build the first closed-loop mining system and commercialize the technology.
• 😚 By extracting deposits that have already been found, the closed-loop mining system eliminates the high costs and uncertainties associated with exploration.
• 😚 The closed-loop mining system is a game-changer as it addresses environmental, social, and government concerns while making mining operations more economically viable.
• 🤗 The mining industry has been slow to adopt new technologies, sticking to traditional open-pit and underground mining methods.

Questions & Answers

Q: What is the main reason why trillions of dollars of resources sit in the ground, ignored by mining experts?

The main reason is that these resources are not big enough to suit the business models and mining methods of large mining companies, who typically search for million-ounce deposits.

Q: What is Optimum IT Systems proposing to revolutionize the mining industry?

Optimum IT Systems is introducing a closed-loop mining system that combines keyhole mining, mobile processing, and ground repair. This system aims to make mining cheaper, more environmentally friendly, and socially responsible.

Q: How does the closed-loop mining system work?

The closed-loop mining system includes three main components: keyhole mining, which accurately targets the ore body from the surface; mobile processing, where the broken ore is transported to the surface and graded before extraction of commodities; and ground repair, where leftover rock from processing is placed back into the hole.

Q: What are the potential benefits of using the closed-loop mining system?

The closed-loop mining system offers several benefits. It has a smaller environmental footprint and is more socially acceptable. It allows access to deposits that are traditionally impossible to mine. Additionally, it reduces the cost of the mining process and provides maximum flexibility due to its mobile nature.

Summary & Key Takeaways

• Mining industry experts often ignore smaller deposits that don't fit their business models, leading to trillions of dollars of untapped resources.

• Optimum IT Systems is introducing a closed-loop mining system that combines keyhole mining, mobile processing, and ground repair, making the process cheaper, more environmentally friendly, and socially responsible.

• The closed-loop mining system has the potential to extract previously impractical deposits, like the era van gold deposit in Australia, and bring a new era of mining.