VANCOUVER, BRITISH COLUMBIA / February 29, 2016 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG) is pleased to announce, further to its February 23rd press release, the Company has engaged Cementation AG (Above Ground Division) for the process and pilot plant engineering of a 20,000 barrel per day (bpd) lithium, potassium and magnesium extraction plant. The plant is projected to produce up to 500 tonnes of lithium carbonate annually and provide sufficient data for development of a large scale commercial facility. Engineering work has commenced on an initial scoping study for the pilot plant and completion is expected within four weeks with the scope of work to include process and plant design as well as OPEX and CAPEX projections.
Cementation AG holds expertise in the handling and processing of industrial and energy minerals from scoping study through construction, operations, and maintenance. The lithium plant engineering team is being led by Cementation AG’s process engineers with extensive experience in process design, metallurgy and operations. Cementation AG process engineers have supported projects with Suncor, Intrepid Potash, Copper Mountain, Rio Tinto, Phelps Dodge, Hudbay Minerals, and others.
“We have confidence that Cementation AG has the expertise to bring our Alberta Lithium Fields project to the development and operational phases. Cementation AG’s process engineers hold a unique understanding of brine chemistry and the oil industry necessary to successfully design Canada’s first lithium brine facility,” stated MGX Chief Executive Officer Jared Lazerson.
This press release was prepared under the supervision and review of Andris Kikauka, P. Geo. and Vice President of Exploration for MGX Minerals. Mr. Kikauka is a non-independent Qualified Person within the meaning of National Instrument (N.I.) 43-101 Standards.
About Cementation AG
Cementation is a wholly owned subsidiary of Murray & Roberts. Murray & Roberts is a leading engineering and construction services company headquartered in Johannesburg, South Africa, and is listed on the JSE Limited. It has offices in South Africa, Namibia, Botswana, Mozambique, Zambia and Ghana, the United Emirates, Australia and South Korea, Scotland, Canada, the USA and Chile. Cementation AG was formed to complement the Cementation Underground Group as well as pursue other bulk material handling and minerals processing opportunities globally.