Page 8 - Bullion World Volume 5 Issue 06 June 2025

Bullion World | Volume 5 | Issue 06 | June 2025

Change and

Modernity at

ABC Bullion & Mr Nicholas Frappell

ABC Refinery

Mr Nicholas Frappell
Global Head Institutional Markets, ABC Refinery

ABC Refinery and ABC Bullion are experiencing strong Innovations such as these are important because they
growth in both upstream supply from producers, and easily and rapidly provide assurance to holders of
significant growth in ABC Bullion’s retail operations, physical gold, which is the underpinning of the wider
led by our flagship store in Sydney, which has created market, and which is itself a fundamental trust issue for
a significant buzz in Sydney’s CBD right when gold is asset managers in both the private and official sectors.
front and centre of the investor mindset.
Consumers in both the private and official sectors
For the refinery, a significant quantity of gold flows are seeking assurance with regard to provenance and
into Asia, a reflection of the key demand centres for the sourcing of gold in environmental. governance
precious metal, whether for investment, adornment or and ethical terms. That is something the market
technology. was perhaps under-valuing half a decade ago and is
increasingly aware of now.
Innovation
ProvCheck: Last year we wrote about developments The development of ProvCheck has created a system
in assuring gold provenance, and this year marks which scans doré at site and at the refinery, storing
a milestone in the technological development in the information on an immutable ledger. The digital
that field, with ABC Refinery releasing a new app, handshake ensures the doré we receive is one and
ProvCheck, that enables the quick and straightforward the same as that sent by our suppliers, ensuring
verification of bar origin, authenticity and ESG nothing nefarious takes place along the way. We
credentials in a way that doesn’t rely on adding any then rigorously track the flow of metal through the
additional substances to the bar itself. process, enabling us to identify the origin of our bullion
products. These final products are similarly scanned
We built ProvCheck using the latest machine learning into the system, with the mine to market supply journey
techniques to authenticate and provide comprehensive all written on the immutable ledger. This supply chain
information of bullion products without the information is supported by our irrefutable origin
requirement of precise framing or lighting conditions chemical fingerprint database.
seen in similar tools.

8