Timmins Talc-Magnesite Project
Mining
Type
Exploration
Status
🇨🇦 Canada, Ontario (Abitibi Greenstone Belt)
Country
Project information
As at 2 March 2010
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Ni 43 101
Report standard:
Ni 43 101
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 2 March 2010
Magnesite-talc-quartz rock unit exposed on surface as large areas of outcrop. Located 13 km southeast of Timmins, Ontario, accessed via Pine Street South and Naybob Road. Property consists of 8 unpatented mining claims and one mining lease (CLM 490) covering 413 ha. 2012 PEA indicated a positive after-tax NPV of $258M at 8% discount rate and 20% IRR. Micro-pilot plant study completed to confirm engineering criteria for high-grade magnesia.
Mining metrics
As at 2 March 2010
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