Chrysos (ASX:C79) Revolutionises Gold Analysis with Global Expansion of PhotonAssay™

June 19, 2025 01:14 PM AEST | By Team Kalkine Media

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Chrysos (ASX:C79) Revolutionises Gold Analysis with Global Expansion of PhotonAssay™ — Image source: Shutterstock

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Highlights

PhotonAssay™ aims to modernise centuries-old gold testing

Major global deployment plans in motion

Strategic contracts reinforce global credibility

Chrysos Corporation Ltd (ASX:C79) is leading a modern-day transformation in the gold analysis industry through the global scaling of its breakthrough technology, PhotonAssay™. In a conversation highlighting the company's forward-looking ambitions, Managing Director and CEO Dirk Treasure elaborated on how this innovation is poised to replace the long-standing fire assay method, which he described as an antiquated, 2,000-year-old process.

PhotonAssay™, developed to improve upon traditional gold testing methods, offers multiple operational advantages. These include faster results, enhanced environmental sustainability, the ability to test larger sample sizes, and superior accuracy. Treasure emphasised that the technology is more effective in nearly every dimension compared to conventional gold analysis practices.

The company employs a lease model with take-or-pay agreements, providing an efficient and potentially cost-saving solution for mining operators globally. This strategic setup also ensures long-term partnerships and steady recurring revenue for Chrysos. A recent milestone includes a significant services agreement with Newmont Corporation (NYSE:NEM) for deploying PhotonAssay™ at the Ahafo mine in Ghana. This deal marks a crucial step forward, enhancing the technology’s global footprint and reaffirming Chrysos’ growing influence across the mining sector.

The collaboration with Newmont complements Chrysos’ existing relationships with other major global mining companies such as Barrick Gold Corporation (NYSE:GOLD) and Northern Star Resources Ltd (ASX:NST), reinforcing its position as a transformative force in mineral analysis. These companies' involvement further underscores the commercial and technological viability of PhotonAssay™, contributing to its growing credibility.

With a clear roadmap for scaling, Treasure expressed confidence in the company’s trajectory, aiming to have PhotonAssay™ adopted by mining operators worldwide. The growth strategy aligns with broader industry shifts towards more efficient, sustainable, and data-driven processes — a core requirement among today’s ASX200.

As Chrysos continues expanding its global network and technology reach, the company stands out as a noteworthy innovator within the ASX-listed mining services segment, particularly among emerging leaders reshaping conventional industry standards.

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