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Magnesium

Building North America's Next Magnesium Oxide Mine

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Driftwood Creek Overview

  • Established Mining District: Resides in Driftwood mining district 164 kilometers north of Cranbrook, B.C.
  • Production Profile: 20-year Mining Lease approved; 100-tonne bulk sample completed; PEA underway
  • Mining and Milling: Potentially amenable to open-pit mining and established beneficiation methods
  • Excellent Infrastructure: Access to rails, road, labor and electricity
  • Exploration Potential: Mineralization traced over 2,000 meters; remains open along strike and at depth

N.I. 43-101 Mineral Resource Estimate


CLASS TONNES x1000 MgO% Al2O3% CaO% Fe2O3% SiO2% LIO%
Measured 2,828 43.24 1.08 0.90 1.39 5.19 47.16
Indicated 5,200 43.29 1.17 0.80 1.35 6.17 46.40
M+I 8,028 43.31 1.14 0.84 1.36 5.82 46.67
Inferred 846 43.20 1.30 0.47 0.51 6.87 45.09

 

  1. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all, or any part of the Mineral Resources estimated will be converted into Mineral Reserves.
  2. The LG constrained shell economics used a mining costs of US$6.25, processing costs of US$129.41/tonne and a commodity price of US$400.00/tonne 95%MgO DBM.
  3. Mineral resources are reported within the constrained shell, using a cut-off grade of 42.5% MgO (based on 40 years) to determine ‘reasonable prospects for eventual economic extraction’.
  4. Tonnages are reported to the nearest 1,000 tonnes, and grades are rounded to the nearest two decimal places.
  5. Rounding as required by reporting guidelines may result in apparent summation differences between tonnes, grade and contained metal.

Driftwood Path to Value

AREA IN PROGRESS COMPLETED
Mine Preparation Preliminary Economic Assessment 100-Tonne Bulk Sample
N.I. 43-101 Resource Estimate
Environmental AIA Study
Environmental Baseline
AOA Study
Permitting Operating Permit Application Mining Lease Application
Final Land Survey
Financing Processing Plant Exploration