Industry Q&A: Core Resources Announced as Finalist in the Australian Technologies Competition
The Australian Technologies Competition is an annual competition that assesses, mentors and promotes entrant companies that have emerging technologies that can enhance industry efficiency and competitiveness. It covers several industries, including advanced manufacturing, smart cities, cyber security, food and agribusiness, new energy, medtech and pharma, energy resources and mining technologies.
Core Resources was recently announced as a finalist in this impressive competition which has seen 146 initial entrants whittled down to a final 20, across the 8 categories. This is an impressive achievement, so we caught up with their Chairman, Jonathon Loraine, to get his thoughts on the competition.
1. Congratulations on being selected as a finalist in the Australian Technologies Competition (ATC)! To start with, can you just give us a brief overview of Core Resources?
We are based in Brisbane. Core is a metallurgical testwork, process design, technology and project management business serving the mineral industry. We operate a well-equipped metallurgical laboratory and testwork facility. Core was originally founded as Hydrometallurgy Research Laboratories in 1981, and the company has been privately-owned for the last 10 years. We have a focus on the environmentally - friendly treatment of complex and refectory ores and minerals. We market specialised processing technologies such as the Albion Process for the treatment of refractory precious and base metals ores
2. What made you decide to enter the ATC this year?
Core has been developing the Toowong Process to add to its suite of proprietary mineral processing technologies. The Toowong Process is a novel leaching technology, designed to reduce arsenic contaminants in base metals concentrates. Increasing arsenic levels in base metals orebodies pose a significant global health and environmental problem, and there are limited effective treatment options. The Toowong Process offers a robust, hygienic and safe means of dealing with these contaminants. Core is currently the recipient of an $ 1.0m AusIndustry “Accelerating Commercialisation” grant for the commercialisation of the Toowong Process.
We thought that the work that Core has been doing to develop the Toowong Process matched well with the criteria for the ATC.
3. What do you think has been the reason for your significant success in the competition, moving through from entrant, to semi-finalist, to one of only 3 finalists?
We thought that the Toowong Project had a good fit with the criteria for the ATC:
There is strong end-user interest in the technology, and it is addressing a large global market need for cleaner processing of base metals concentrates. The technology is strongly validated, with extensive pilot plant demonstration.
Core has a strong track record in the development and commercialisation of novel processing solutions and its leadership team has many years’ track record in this field. Core is currently partnering with a range of tier-one end-users and delivery partners in looking at deployment opportunities for the technology.
4. What has been the experience of participating in the competition? How has it helped your business to grow and improve?
Participating in the competition has a number of benefits for Core:
It is an opportunity for us to critically examine our development pathway for the technology
It provides publicity and end-user awareness for the technology
It allows us to interact with a range of interested parties including end-users, technology partners, industry mentors and potential technology financiers
5. Would you have any advice for companies considering entering the competition next year?
Core has had a positive experience with the ATC and we recommend it as a way of assisting the development of technology. There are a number of entities such as Austmine, AusIndustry and METS Ignited who may be able to assist in submitting nominations, and more widely in assisting companies in the development of METS products and services.