1. Exploration
Geologists use mapping, sampling, drilling, geochemistry, and other methods to assess whether mineralisation may justify further work. Early-stage estimates are not automatically mineral resources or reserves.
2. Permitting and mine development
Before extraction, an operator needs the applicable mineral rights, permits, environmental approvals, infrastructure, equipment, and operating plan. A concession alone does not replace every approval.
3. Extraction
Mining methods depend on the deposit. AYNI’s linked operation is alluvial and near-surface, not a conventional underground hard-rock mine.
4. Processing and recovery
Alluvial material is processed to concentrate and recover gold. Recovery varies with feed characteristics, equipment, and operating conditions. AYNI’s Mining Asset page describes approximately 80% modelled recovery at the current plant configuration, not a guaranteed rate.
5. Sale and refining
AYNI’s current website states that extracted gold is sold to authorised buyers. Further refining and downstream use are separate from the AYNI programme.
How this relates to AYNI
AYNI participation is linked to reported production economics, not collateralised by stored gold and not ownership of gold in the ground. PAXG used for eligible rewards is a separate token backed by allocated physical gold under Paxos terms. For a full explanation of how the mining process connects to the platform, see How This Relates to AYNI Gold.