Enerji Limited (ASX:ERJ)
has continued to build on its international expansion program by signing a Memorandum of Understanding with global gold miner Resolute Mining Limited.
The MOU outlines the terms to develop one or more of Enerji’s Accretive Thermal Energy Node solutions for Resolute’s Syama gold mine in Mali.
Under the MOU the parties have agreed to investigate the potential for the ATEN technology to deliver operational costs savings via capture and conversion of the significant amount of waste heat generated by Resolute’s power and processing plants at Syama.
Resolute has operated nine gold mines across Australia and Africa which have produced in excess of 7 million ounces of gold.
Enerji reported a net loss of $578,000 at 31 December 2015.