CSIRO strikes gold as mineral analysis recognised

CSIRO spin-out company Chrysos Corporation has been recognised for the successful commercialisation of PhotonAssay technology, as recipients of the Prime Minister’s 2022 Prize for Innovation.

Led by Dr Nick Cutmore, Dr James Tickner and Dirk Treasure the company’s PhotonAssay technology delivers faster, safer, more accurate and environmentally friendly analysis of gold for the minerals industry.

Formed in 2016 to commercialise the PhotonAssay technology, Chrysos is fast becoming the preferred technology for gold analysis compared to the incumbent process, fire assay.

PhotonAssay produces fewer carbon dioxide emissions and less hazardous waste, while fire assay is slower, uses toxic chemicals and requires sample fusion at temperatures up to 1,200 degrees centigrade.

Dr Cutmore said: “I’m proud that CSIRO’s innovative technology is now used around the world including Australia, Africa and North America.

“Being fully automated, PhotonAssay can deliver results to customers in a little as two minutes, unlike the days that could be required for traditional methods.”

CSIRO’s Executive Director of Growth Jonathan Law said: “Through partnerships with global laboratory companies and major miners, Chrysos is continuing to build Australia’s reputation of a world-leading exporter of Mining Equipment and Technology Services (METS) built on the very best of Australian science.

“Chrysos has created more than 70 high-value jobs and delivers a safer and environmentally friendly alternative to traditional assay methods.”

Picture: Chrysos’ Photon Assay