Mining MarketWatch
posted on
Feb 17, 2011 06:01PM
NEAR TERM PRODUCER - TiO2
Titanium dioxide prices are expected to double by 2015
Here are some highlights from Mining MarketWatch on Argex Silver Capital, Inc:
100% owned high grade titanium-vanadium La Blache property will be the highest grading titanium deposit being mined in the world once in operation.
La Blache property has a historic resource grading 20.5% titanium dioxide, 48% iron ore and 0.36% vanadium.
Ming MarketWatch Journal has interviewed experts in the field who describe the metallurgical process as a break-through on par to what heap leaching did for gold and the management of Argex believe the process will result in Argex being the lowest cost titanium and vanadium producer in the world. The world demand for titanium and vanadium is expected to continue to rise significantly through 2011 and 2012.
In January of 2011, Argex had already showcased this technology in a small-scale processing facility. Its next step is to get the deposit ready for open pit mining.
Sonar drilling in February 2011 is expected to result in surpassing the historic tonnage of 78M and be compliant with NI 43-101 standards. The deposit is a massive large ore body close to the surface. Conceivably, drilling down to 40m hypothetically could readily doule or triple the historic tonnage and provide decades of open pit mine life. Several holes will be drilled to between 150-250 metres.
The December 4, 2008 technical report estimates the compliant historical resource - tonnage and metal values, as follows:
- Titanium, 79M, $91B - Iron, 79M, $3B - Vanadium, 79M, $4.5B
The property has good infrastructure with substantial hydroelectric facilities nearby and year round road access. Equipment, supplies, and manpower are moved in by vehicle right to the property. The property and climate are amenable to year round mining. Baie-Comeau is only 100 km to the east, it has a seaport and is where Alcoa and the other aluminum processors in Quebec have their processing plants.
And, Quebec is very mining friendly. Argex is the beneficiary of tax credit incentives offered by the government of Quebec; for every $1 that Argex invests in development and exploration, they will recieve about $.46 in the form of a tax credit. Very friendly indeed.
Argex management has a current board of directors that have a well rounded combination of people that each contribute expertise in disciplines necessary for a successful mining entity.
This is an exciting groundfloor opportunity.
TC