Sulphide concentrates are produced in a wide range of mineral processing operations. In the case of base metals they are further treated by smelting and/or hydrometallurgical techniques. In the case of refractory gold ores, sulphide concentrates containing gold are roasted or oxidised by various hydrometallurgical processes. This paper discusses the development of the Activox(R) Process which can provide an alternative method for treating sulphide concentrates. This process consists of fine or ultra-fine milling, followed by mild pressure oxidation to produce solutions of base metals or to liberate refractory gold. Base metal solutions (eg of nickel and cobalt) can be further processed by solvent extraction and electrowinning, while refractory gold can be recovered by cyanidation. The economics of the Activox(R) Process are often better than alternative oxidation techniques.