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Stolworthy Pro V1b


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Mining device for License, full product prospectus

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Stolworthy Pro V1b

  1. 1. Eric White | | 1
  2. 2. Innovators Warehouse | Prospectus Prospectus | | 2
  3. 3. Innovators Warehouse | Prospectus 1. Introduction………………………...4 2. Competitive Landscape…………..5 3. Competitive Positioning…………..6 4. Product Design…………………….7 5. Mining Industry Overview………..11 6. Target Market……………………..15 7. Patent Details……………………..16 8. Contact & Licensing Information..17 Prospectus | | 3
  4. 4. Innovators Warehouse | Prospectus Introduction Innovators Warehouse, along with inventor Wade Stolworthy, At a fraction of the cost of existing introduces the Standing Waves Isolated Mineral Separator machinery, the SWIMS™ makes it (SWIMS™) Recovery System, a newly patented technology both time and cost effective to available for licensing opportunities. harvest finer particulates that have previously been abandoned. An improved method of separating aggregate material in placer mining operations, the SWIMS™ Recovery System has the unique ability to cost effectively separate multiple aggregate materials based on density, without multiple processes. With just one pass through the SWIMS™’ shaker mechanism, a multitude of variably sized aggregates may be filtered out, from valuable trace minerals, such as gold, to extremely small particulates of heavier minerals, such as mercury. Used to exploit deposits of sand or gravel that contain workable amounts of minerals, placer mining recovers valuable minerals such as gold, platinum, tin, zircon, diamond, ruby, and other gems. The SWIMS™ Recovery System will improve upon existing placer mining processes and systems, ensuring the greatest rate of recovery for these types of minerals and gems, as well for recovering environmentally hazardous materials, such as mercury. Prospectus | | 4
  5. 5. Innovators Warehouse | Prospectus Competitive Landscape Companies in the business of mining have tried various methods of recovering smaller volumes of minerals that are present in naturally occurring aggregate materials, processed ore, or from mining processes such as dredging, dry washing, sluicing, and trammeling. However; not only are existing methods ineffective in separating and recovering fine material particles (such as black sand and gold SWIMS™ is both cost effective and flour), their cost in manpower, equipment and time far outweighs environmentally responsible. the value of the trace amounts of minerals that they are able to harvest. Multi-phase recovery systems currently cost $40,000 to $60,000 and more. The SWIMS™ Recovery System overcomes these drawbacks through its unique design that makes it both time and cost efficient to harvest finer particulates; and specifically, dense particulates such as gold and mercury. Comparatively simple in design, its cost is expected to be approximately $10,000. Prospectus | | 5
  6. 6. Innovators Warehouse | Prospectus Competitive Positioning Not only is the SWIMS™ Recovery System an environmentally responsible system that efficiently removes toxic contaminants from The SWIMS™ unique configuration the environment, it also provides the first cost effective solution to utilizes a brush and a backflow of recovering smaller particulates of valuable minerals at mining water to create a standing wave; the operations throughout the country, and around the world. A brief key to its success. comparison of SWIMS™ to existing mining technology highlights the competitive advantages. SWIMS™ Typical Jig Centrifugal Cone $40,000 – $40,000 – Price (retail) $10,000-$12,000 $60,000 $60,000 Separates fine particulates, such Yes Yes Yes as fine gold and black sand Separates Yes Sometimes Sometimes mercury Variable speed Yes Gear box No motor Isolates multiple minerals including Yes No No light minerals Customizable to Yes No No select minerals Prospectus | | 6
  7. 7. Innovators Warehouse | Prospectus Product Design The SWIMS™ Recovery System is comprised of the following basic components:  Frame  Trough  Shaker mechanism  Loading hopper The SWIMS™ unique configuration utilizes a  Hopper wash line (water flow) brush and a backflow of water to create a standing wave; the key to its success.  Screen(s)  Multiple riffles  Brush  Backwash spigot  Mineral separation bed  Variable speed electric motor (can be adjusted for specific needs) Prospectus | | 7
  8. 8. Innovators Warehouse | Prospectus In use, the following steps are implemented, utilizing SWIMS™’s unique components: 1. A load of aggregate material is placed into the hopper. 2. Water is added to the aggregate, to form a slurry. 3. The movement of the shaker causes smaller particles of the slurry to pass from the hopper and through at least one separator screen. 4. The brush, combined with a continual backflow of water, forms a The SWIMS™ Recovery System can standing wave adjacent the brush, providing time for heavier be customized for the harvesting of aggregate pieces to settle in the slurry. specific minerals. 5. Continual shaking of the trough moves the slurry through the multiple longitudinal riffles, which are sized, shaped and oriented for separating minerals from the slurry by specific weight. 6. The separated minerals settle atop the mineral separation bed. 7. Separated minerals and gems are collected. Where other mineral separation devices have failed, the SWIMS™ Recovery System succeeds. While other devices have attempted to use the specific gravity of various minerals to separate them from the placer ore, they have not been able to prevent the extremely fine particulates of the heavier minerals from being washed away with the discarded aggregate material. The SWIMS™ overcomes this challenge through its patented design that makes it possible to successfully separate the finest of particulates from placer ore and to prevent them from washing away with the discarded aggregate material. Prospectus | | 8
  9. 9. Innovators Warehouse | Prospectus Key Design Elements As shown in the prototype photographs, the SWIMS™ Recovery System relies on a few key proprietary components to accomplish its objectives:  Backwash Spigot To restrict the flow of the slurry and aid in the segregation of finer particulates, a continuous flow of water is run against the downstream current of the slurry.  Separating Screens The first line of filtration and separation includes a series of screens positioned in the trough immediately after the loading hopper. These screens are used to separate particles of a predetermined size from the slurry while allowing the remaining slurry to pass through the screens. Depending upon the various kinds of minerals being harvested, the number of screens will vary between work sites and recovery systems.  Brush Further restricting the flow of the slurry after it passes through the separating screens is a brush situated above the mineral separation bed that creates an undertow when the backwash flows against it, allowing for more time for heavier aggregate pieces to settle in the slurry.  Riffles The key to the success of the SWIMS™ Recovery System lies in the use of multiple riffles that can be sized, shaped and oriented to capture minerals of a predetermined specific gravity from the slurry that has already passed by the screening systems. These riffles are oriented angularly against the mineral separation bed in such a way that when the shaker vibrates the trough, the slurry is moved past the brush and along the inclined riffles, dropping minerals into each appropriate riffle, as dictated by their weight. A series of collection tubes align with each of the riffles to collect and separate the different minerals after they’ve passed through the riffles. A prototype of the SWIMS™ Recovery System exists to demonstrate its design and functionality. However, it is important to note that the SWIMS™ device may be customized for any particular mining operation, so that specific minerals may be segregated and harvested. Prospectus | | 9
  10. 10. Innovators Warehouse | Prospectus Mining Industry Overview According to 2007 U.S. Census data, there are 6,465 mining and quarrying businesses in the U.S. that account for $81 billion in annual revenue. There are also 8,411 businesses that support mining operations in the U.S., accounting for an additional $57 billion. Playing a large part in this $130 billion industry are miners seeking financial gain from the collection of various minerals, such as gold, quartz, aluminum, coal, iron, silica, silver and others. Further data provided by the National Mining Association (NMA) highlights the impact of this industry on all Americans. SWIMS™ finally makes it worthwhile to harvest the finest pieces of gold, Economic Impact mercury and pyrite, among others.  The total direct and indirect impact of U.S. mining is valued at $1.9 trillion - mining produced $98.4 billion of finished mineral, metal and fuel products that were then transformed by consumer industries into goods creating an additional $1.8 trillion in value added.  According to U.S. Geological Survey analysis, the value added to U.S. GDP by major industries that consume processed mineral materials was an estimated $2.3 trillion in 2008, 16 percent of U.S. GDP.  Minerals and materials processed from minerals account for exports worth as much as $102 billion per year (USGS). Demand  Every American uses an average of 43,000 pounds of newly mined materials each year.  Telephones are made from as many as 42 different minerals, including aluminum, beryllium, coal, copper, gold, iron, limestone, silica, silver, talc and wollastonite.  A television requires 35 different minerals, and more than 30 minerals are needed to make a computer.  The construction industry accounts for approximately 51 percent of U.S. copper demand. Prospectus | | 10
  11. 11. Innovators Warehouse | Prospectus  Silver's largest market use is for industrial applications, particularly as an electrical connector. Jewelry is the second largest use of silver. Gold Consistently providing a healthy return on investment, gold gained a great deal of favor among investors after the 2009 stock market dive. While its value has leveled out in recent months, its worth has remained steady or increased in each of the past 10 years, as reflected in the NMA chart below. Prospectus | | 11
  12. 12. Innovators Warehouse | Prospectus (Source: While its use in jewelry is the most obvious, gold’s superior electrical conductivity, its malleability, and its resistance to corrosion have made it vital to the manufacture of components used in a wide range of electronic products and equipment, including computers, telephones, cellular phones, and home appliances. Furthermore, its extraordinarily high reflective powers make it ideal for shields that protect spacecraft and satellites from solar radiation, as well as for lasers used in the medical field. Non-toxic and biologically benign, gold is used widely in medicine and dentistry. Although it is virtually indestructible, gold is a soft metal that is easy to work with, shape, flatten or draw out into microscopic strands. These various unique attributes ensure the value of gold across multiple industries for generations to come. Any system that can help an entity increase their gold production stands to reap substantial financial rewards. The SWIMS™ is one such system. Prospectus | | 12
  13. 13. Innovators Warehouse | Prospectus Mercury In addition to gold, the ability to efficiently recover mercury is a tremendous advantage of the SWIMS™ Recovery System. It is well known that human exposure to highly toxic mercury can cause respiratory, neurological, gastrointestinal and kidney problems. Unfortunately, the unique characteristics that make mercury so valued in industrial, agricultural, medical and household applications also make it very difficult to recover. According to the Environmental Protection Agency (EPA), mining is the largest source of mercury releases directly to the land in the U.S. Mining releases occur as a result of existing mining operations for gold, zinc, and silver; the smelting of zinc and other metals and runoff from waste tailings; and from abandoned gold, silver, and mercury mines. The Toxics Release Inventory (TRI) reporting indicates these types of releases to land are large in scope and appear to be increasing. Of the 5.14 million pounds of mercury released to land, 1.4 million pounds is placed in surface impoundments and 3.7 million pounds is placed directly on the land in waste piles. Not only do these piles of mercury pose a threat to surface waters and consequently, fish and the people who eat them, they also provide the ideal opportunity to harvest the mercury – with the SWIMS™ Recovery System. (Source: Pyrite Pyrite has come into favor recently as a means of generating eco- friendly energy in the form of solar cells. However, this type of use requires very fine particulate matter to make the process efficient. Prospectus | | 13
  14. 14. Innovators Warehouse | Prospectus Target Market As previously indicated, there are 6,465 mining and quarrying businesses in the U.S. and 8,411businesses that support these businesses, according to the latest available U.S. Census data. Each of these businesses is a potential buyer for the SWIMS™ Recovery System, depending upon their specific mining business. Assuming that just 5 percent of the mining and quarrying operations in the U.S. purchased a dozen SWIMS™ units, first year sales would exceed 3,800 units. Prospectus | | 14
  15. 15. Innovators Warehouse | Prospectus Patent Details Wade Stolworthy filed his patent request on January 19, 2007 and was granted the patent for the SWIMS™ Recovery System on October 21, 2008. The patent protects 11 claims. Abstract An aggregate material separating device includes a frame with a shaker mechanism. A trough is disposed on the frame and coupled to the shaker mechanism by a shaker spring. A hopper is disposed at an end of the trough and can receive a load of aggregate material. A hopper wash line is disposed adjacent the loading hopper to irrigate the aggregate material in the hopper forming a slurry. A brush and a backwash spigot form a standing wave in the trough to slow slurry movement from through the trough in order to provide additional settling time for the slurry. A mineral separation bed is disposed along a bottom and side of the trough. The mineral separation bed has a plurality of substantially longitudinal riffles that can be sized, shaped and oriented to capture minerals of a predetermined specific gravity from the slurry as the shaker shakes the trough. Prospectus | | 15
  16. 16. Innovators Warehouse | Prospectus Licensing Information Innovators Warehouse 931 SW LeMans Lane Lee’s Summit MO 64082 877.609.7642 Twitter Facebook LinkedIn Prospectus | | 16
  17. 17. Innovators Warehouse | Prospectus Prospectus | | 17