Overview
| Stage | Preliminary Economic Assessment |
| Mine Type | Open Pit |
| Commodities |
|
| Mining Method |
|
| Mine Life | 26 years (as of Jan 1, 2022) |
Source:
p. 81
The claims are registered in the name of Fox River Resources Corporation and Baltic. Each company owns title to 50% of such lease and claims. Baltic is a wholly owned subsidiary of Fox River, such that Fox River owns directly or indirectly 100% of the Martison Phosphate Project.
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Summary:
Regional Geology
The Martison phosphate deposit lies in a geological province referred to as Precambrian volcanic and metamorphic rock sequences, which are over one billion years in age. The occurrence of carbonatite deposits is the result of late magmatic injections of carbon dioxide gases, calcium and magnesium carbonate solutions, including associated crystalline apatite, magnetite and mica minerals, through conduits into volcanic vents. The subsequent exposure of the carbonatite rock for long periods of time to erosion and chemical weathering has resulted in the thick accumulation of a palaeo-soil residue called a “residuum” which has concentrations of relatively insoluble minerals such as phosphate bearing apatite, lying on top of the competent and largely unweathered surface of the carbonatite.
The Martison carbonatite is one of 50 known locations of the Central Ontario Carbonatite Complex found on the Kapuskasing structural high (located 110 km east of the Martison Project) to the Albany Forks structural high, (located 260 km west of the Martison Project). Almost all of the carbonatite bodies occur along recognisable major tectonic features.
A number of complexes have been examined for their mineral potential. They all contain apatite in the carbonatite phase between 5% to 25%, and some contain significant enrichments of apatite through leaching out of carbonates. Such enrichment occurs on the Cargill Limited complex, located on a branch st ........
Summary:
This section details this Technical Report’s proposed open pit mining operation, focusing exclusively on the future mining of the Anomaly A deposit. Based on information currently available, Anomaly A is the only of the three known aeromagnetic anomalies defined to the extent where a mining plan can be developed.
Both Indicated and Inferred resources have been used in the mine planning, though the latter are considered too speculative geologically to have the economic considerations applied to them. Consequently, further exploration will be required to confirm the results of this Technical Report based on the combination of these two resource classifications.
Conventional open pit mining methods are planned for Anomaly A to produce a phosphate concentrate for further processing. The open pit mining operation was designed to provide sufficient feed to the beneficiation plant (subsequently referred to in this section as “mill feed”) and will produce a steady state containing 500 ktpa of P2O5 products (i.e., MAP, NPS and SPA).
Mine planning for the Project is based on a conventional truck and shovel mining method, which aims to strip overburden, waste, lateritic and mill feed materials from Anomaly A. Materials mined from Anomaly A will be directed to the following destinations for deposition and potential rehandling:
- Beneficiation plant – Mill feed materials.
- Waste facility – Waste materials with overlying muskeg ........
Source:
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Summary:
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Reserves at April 21, 2022:
Mineral Resources are estimated at a cut-off grade of 6% P2O5 in the Residuum or 0.2% Nb2O5 in the Lateritic material.
| Category | Tonnage | Commodity | Grade | Contained Metal |
|
Indicated
|
60 Mt
|
P2O5
|
21.42 %
|
12.86 Mt
|
|
Indicated
|
60 Mt
|
Niobium
|
0.49 %
|
0.3 Mt
|
|
Inferred
|
133.6 Mt
|
P2O5
|
16.67 %
|
22.27 Mt
|
|
Inferred
|
133.6 Mt
|
Niobium
|
0.43 %
|
0.58 Mt
|
Source:
Corporate Filings & Presentations:
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