Kingsgate Consolidated (ASX:KCN) said a trial of Swedish sensor and software technology provider Hexagon's blast movement technology at the company's Chatree Gold Mine in Thailand generated more than $700,000 in value for a cost of $20,000, according to a Thursday filing with the Australian bourse.
The technology used minimised the potential for ore loss, dilution, and misclassification occurring, the filing said.
The company has now adopted the technology for regular ore control at Chatree on an ongoing basis, the filing added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.