Extractinator

The Extractinator is an item that turns Silt and Slush into more valuable items like ores, coins, and gems. It can be found rarely in Gold Chests and occasionally in Ice Chests (each Ice Chest has approximately a 5% chance of containing one). To use the Extractinator, first place it in the world, then place blocks of silt or slush directly on the Extractinator within its 3×3 frame, and the Extractinator will spit out coins, gems, and ores.

Possible items
This is not a complete list of all possible results. Also, percentage values may not be 100% correct.