Magnum Mining & Exploration has reported the award of a contract to TYMLEZ to produce a digital twin of the full production chain for the Nevada Iron pig iron plant, as the company progresses towards building the first fully verifiable and auditable green pig iron plant in the United States using leading edge technologies, such as the TYMLEZ blockchain platform. This digital twin will highlight our commitment to the production of true green net zero pig iron and demonstrates to existing investors, future investors and customers that Magnum is situated to lead in the production of fully transparent and auditable carbon neutral and potentially carbon negative pig iron. The TYMLEZ platform will produce and mint investment grade Guarantee of Origin certificates for each tonne of iron ore produced. Each certificate will, importantly, contain the makeup of each tonne of Pig Iron, detailing the carbon metrics for each step of the supply chain from raw materials through to end product, all on an immutable blockchain platform. The TYMLEZ Platform will report the entire as real-time digital counterpart for pig iron production process including biomass harvesting, biochar production and transport, iron ore mining and beneficiation, and pig iron production via already proven Hlsmelt technology. Sustainably produced, locally sourced biomass forestry & agricultural waste etc will be certified via internationally accredited carbon accounting regulations to have net-zero emissions of carbon dioxide when combusted as the biomass waste would have emitted carbon dioxide when burnt or composted. This certified biomass will be dried to remove moisture, ground and pyrolised to remove oils and gasses to produce a biochar comprising mostly solid carbon. At the Buena Vista iron ore mine, iron ore will be delivered by a fleet of bio-diesel or battery powered mobile trucks and shovels to a Run of Mine stockpile and crushed. The crushed ore will be fed into a grinding mill and the iron will be magnetically separated to produce a concentrated iron ore. The biochar and iron pre concentrate will be delivered to the Magnum Hlsmelt pig iron plant where the iron ore will be reduced by the carbon in the biochar to produce high purity pig iron comprising 96% iron and 4% carbon. All carbon relative data along the production process will be captured by the TYMLEZ blockchain platform. The data collected from the biochar, concentrate and pig iron production chains will be stored in a verified data repository, and along with the certified and guaranteed source of origin of the biomass, will form an immutable and auditable data trail that will be used to certify that the pig iron can been produced with net-zero carbon dioxide emissions. Each tonne of virtual pig iron will have a Guarantee of Origin Certificate that will show its carbon content from the entire production process. Magnum Mining and Exploration Limited is listed on the Australian Securities Exchange. Magnum’s current focus is the Buena Vista Magnetite Project, located in Nevada in the United States. Magnum’s 100% owned Buena Vista Project has had in excess of AUD 34 million spent on progressing its development and approximately 3 million tonnes of DSO magnetite mined and exported historically. Magnum is now focused on updating the definitive feasibility study and looking at off-take arrangements for its product in order to unlock the significant value at Buena Vista. Hlsmelt Corporation is a joint venture between CRA Limited & Midrex Corporation of USA to manage a Research and Development Facility at Kwinana in Australia within the boundaries of the decommissioned Australian Iron and Steel plant under lease arrangements from BHP. The proposed facility has an estimated capacity of 100,000 tonnes per annum and has been developed from the results of seven years of research at a small scale pilot plant 15,000 tonnes per annum in West Germany.
Magnum Mining & Exploration has reported the award of a contract to TYMLEZ to produce a digital twin of the full production chain for the Nevada Iron pig iron plant, as the company progresses towards building the first fully verifiable and auditable green pig iron plant in the United States using leading edge technologies, such as the TYMLEZ blockchain platform. This digital twin will highlight our commitment to the production of true green net zero pig iron and demonstrates to existing investors, future investors and customers that Magnum is situated to lead in the production of fully transparent and auditable carbon neutral and potentially carbon negative pig iron. The TYMLEZ platform will produce and mint investment grade Guarantee of Origin certificates for each tonne of iron ore produced. Each certificate will, importantly, contain the makeup of each tonne of Pig Iron, detailing the carbon metrics for each step of the supply chain from raw materials through to end product, all on an immutable blockchain platform. The TYMLEZ Platform will report the entire as real-time digital counterpart for pig iron production process including biomass harvesting, biochar production and transport, iron ore mining and beneficiation, and pig iron production via already proven Hlsmelt technology. Sustainably produced, locally sourced biomass forestry & agricultural waste etc will be certified via internationally accredited carbon accounting regulations to have net-zero emissions of carbon dioxide when combusted as the biomass waste would have emitted carbon dioxide when burnt or composted. This certified biomass will be dried to remove moisture, ground and pyrolised to remove oils and gasses to produce a biochar comprising mostly solid carbon. At the Buena Vista iron ore mine, iron ore will be delivered by a fleet of bio-diesel or battery powered mobile trucks and shovels to a Run of Mine stockpile and crushed. The crushed ore will be fed into a grinding mill and the iron will be magnetically separated to produce a concentrated iron ore. The biochar and iron pre concentrate will be delivered to the Magnum Hlsmelt pig iron plant where the iron ore will be reduced by the carbon in the biochar to produce high purity pig iron comprising 96% iron and 4% carbon. All carbon relative data along the production process will be captured by the TYMLEZ blockchain platform. The data collected from the biochar, concentrate and pig iron production chains will be stored in a verified data repository, and along with the certified and guaranteed source of origin of the biomass, will form an immutable and auditable data trail that will be used to certify that the pig iron can been produced with net-zero carbon dioxide emissions. Each tonne of virtual pig iron will have a Guarantee of Origin Certificate that will show its carbon content from the entire production process. Magnum Mining and Exploration Limited is listed on the Australian Securities Exchange. Magnum’s current focus is the Buena Vista Magnetite Project, located in Nevada in the United States. Magnum’s 100% owned Buena Vista Project has had in excess of AUD 34 million spent on progressing its development and approximately 3 million tonnes of DSO magnetite mined and exported historically. Magnum is now focused on updating the definitive feasibility study and looking at off-take arrangements for its product in order to unlock the significant value at Buena Vista. Hlsmelt Corporation is a joint venture between CRA Limited & Midrex Corporation of USA to manage a Research and Development Facility at Kwinana in Australia within the boundaries of the decommissioned Australian Iron and Steel plant under lease arrangements from BHP. The proposed facility has an estimated capacity of 100,000 tonnes per annum and has been developed from the results of seven years of research at a small scale pilot plant 15,000 tonnes per annum in West Germany.
