http://www.lse.co.uk/AllNews.asp?code=g64ilfx5&headline=Alexander...

http://www.lse.co.uk/AllNews.asp?co...ax_Loss_Narrows_Looks_Forward_To_Compass_Deal

extracts
However, after an "indifferent" year, it says it is "delighted" with its deal with Compass Resources Ltd in February, which will provide it with an AmmLeach licence and technical and management services for use at Compass's Browns Oxide copper-cobalt mine in Australia. It said the agreement will bring significant revenue to Alexander by way of upfront and ongoing services fess, plus a future production royalty.

Alexander also noted that Compass is currently working to complete a financing facility with institutional investors as the first stage in a proposed major refinancing and relisting of the company. The proceeds will be used to fund payments due to Alexander and for the third party AmmLeach pilot plant and feasibility study costs.

The companies expect to form a strategic alliance in Australia to investigate Compass's acquisition of copper resources which can be exploited using the Alexander's leaching technologies.

http://www.investegate.co.uk/article.aspx?id=201504101005058604J

Subject to the execution of a definitive agreement, which is currently under negotiation, this will provide for the granting of an AmmLeach® licence and certain technical and management services for use at Compass' Browns Oxide copper-cobalt mine.
We believe that this confirmed our AmmLeach® process as the only economically viable method to unlock the value of hitherto problematic zinc oxide deposits. The Company has built up an extensive database of all of the world's major zinc oxide deposits and has now conducted favourable AmmLeach® amenability testwork on samples from a significant number. The Republic of Turkey is a particular country of interest.


Developments in 2015
In late February 2015, the Company was delighted to announce that it had signed a non-binding Heads of Agreement ('HoA') with Compass, a listed Australian public company (ASX:CMR), for executing a definitive agreement ('Agreement') covering an AmmLeach® licence and certain technical management services for Compass in the Northern Territory, Australia. These arrangements should significantly accelerate the first commercial adoption of Alexander's proprietary AmmLeach® technology with particular relevance to copper/cobalt resources.

The plan is to generate significant economic value from the Browns Oxide mine and the first step is the completion of an AmmLeach® feasibility study, with a pilot plant programme funded by Compass. This pilot plant programme would be carried out at the independent commercial facilities of Simulus, under the supervision of Alexander's technical personnel. This would lead to the completion of a feasibility study into commercial production and is dependent upon statutory approval and obtaining all necessary permits required to recommence production.

Compass is currently working to complete a financing facility with sophisticated institutional investors as the first stage in a proposed major refinancing and relisting of the company. The proceeds of their financing will be used for various purposes, including payments due under the Agreement to Alexander and for the third party AmmLeach® pilot plant and feasibility study costs.

Accordingly, the companies expect to form a strategic alliance in Australia to investigate the acquisition by Compass of copper resources which can be exploited using the proprietary Leaching Technologies of Alexander. This will be on terms to be agreed in respect of each such project.
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