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Canada
Timmins (TTM) Project

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 Location:
11 km S from Timmins, Ontario, Canada

  Project Contacts:
86-14th Street
Rouyn-Noranda
Quebec, Canada
J9X 2J1
Phone  ...  Subscription required
Fax819 797-1470
EmailEmail
WebsiteWeb
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Overview

StagePreliminary Economic Assessment
Mine TypeOpen Pit
Commodities
  • Talc
  • Magnesium
Mining Method
  • Truck & Shovel / Loader
Processing
  • Flotation
  • Agitated tank (VAT) leaching
  • Thermal decomposition
  • Sintering
  • Magnetic separation
  • Mechanical evaporation
Mine Life20 years (as of Jan 1, 2016)
Globex continues to explore various opportunities for the potential products that could be produced and to seek senior level financing opportunities for the project.


Owners

Source: p. 29
CompanyInterestOwnership
Globex Mining Enterprises Inc. 100 % Direct

Deposit Type

  • Hydrothermal
  • Breccia pipe / Stockwork


Summary:

The Timmins Talc-Magnesite deposit is a hydrothermally altered ultramafic rock composed, at its core, largely of talc and magnesite although, at its fringes, the content of calcium in the carbonate increases.

The deposit under consideration has long been viewed as a potential source of magnesite and talc. These minerals are found in a variety of deposit types throughout the world and have a variety of end uses.

The best known of the minerals directly and widely exploited for its magnesia content is magnesite (MgCO3), one of the calcite group of rhombohedral carbonates, which includes calcite (CaCO3), siderite (Fe2CO3) and rhodocrosite (MnCO3), among others.

Although the genesis of natural magnesite deposits can be complex, it is distinguished in nature in two distinct physical forms, namely crystalline, (with a wide range of visible crystal sizes) and cryptocrystalline, sometimes referred to as amorphous, where the crystal size is not detectable to the eye and will range from 1 to 10 micrometers. The two types not only differ in crystal structure but in the sizes of the deposits and modes of formations.

Large-scale talc deposits form when magnesium in magnesium-rich rocks reacts with hydrothermal silica in the final phases of regional or contact metamorphism. Most commonly, talc (Mg3Si4O10(OH2)) or steatite (the massive and fine grained form of talc) replaces serpentine in an ultramafic rock like peridotite, either completely or more likely forming an outer rind with zoning (typically granite (silica source), vermiculite, chlorite, actinolite, talc, talc-carbonate and unaltered serpentinite).

The deposit consists of either a single large magnesite-talc altered dunitic komatiite or a series of altered flows. It is hosted by basaltic or andesitic lavas, serpentinized peridotitic komatiite and quartz-carbonate iron formation. It is about 1,800 m long, has a maximum width of 300 m and has been drilled to a depth of 120 m.

The very low CaO content in the magnesite-talc body makes the carbonate mineralization a potential source of refractory magnesia. However, iron substitution in the magnesite lattice means that the iron cannot be removed by standard physical methods. The iron, therefore, limits the grade of magnesia concentrate or dead-burned refractory product.

Several occurrences of talc-magnesite are known to be present on the property, the largest of which is located to the south of the diabase dike and is referred to as the A Zone. This zone has been traced by surface trenching, mapping and drill hole information along a strike length of approximately 1,000 m, to depths of approximately 100 to 150 m and achieves widths of 200 m at surface. The information available to date suggests that the A Zone has a near vertical dip in an overall sense, although the north and south contacts can be seen to locally dip steeply to either the north or south. A second zone of magnesite mineralization is located to the north of the diabase dike, although its dimensions and extents are known only from a small number of drill holes that suggest a strike length on the order of 1,000 m, with widths measuring on the order of a few tens of metres. A third zone of mineralization is located in the southwestern portions of the claim holdings and is exposed in surface outcroppings, but the extents of this zone are not known in detail.

The core magnesite zone is a massive, coarse grained, over-printed and re-crystallized magnesite and lesser talc unit showing no visible relic original textures. Within surfacestripped zones the exposures show a well developed set of quartz-carbonate extensional veins and stockworks, with subvertical to steep south dipping linker veins that strike easterly and are sigmoidally curved, moderately dipping tension ladder structures. Drilling indicates that the “high-grade” magnesite zones are wider than when exposed on surface, and carry much less veining than anticipated.

The transition zone has been logged as a talc carbonate-chlorite zone. It is physically similar to the above described core magnesite zone, other than it tends to be darker in tone (medium grey) due to the presence of aphanitic to fine grained black chlorite and tends overall to be more bladed to foliated in texture. The zone may be richer in talc and has a strongly developed carbonate groundmass, but shows variable lesser amounts of magnesite in inverse proportion to developed ferro-dolomite.


Mining Methods

  • Truck & Shovel / Loader


Summary:

The proposed mining method for the Timmins Talc-Magnesite project is open pit mining with truck haulage delivering to a process plant located approximately 1.5 km southwest of the deposit. The average life-of-mine waste to plant feed ratio is 1.28:1. Mining will be by drilling and blasting for the bedrock, with the overlying overburden not requiring blasting.

The deployment of a contractor fleet has been assumed to manage pit operations, run-of-mine stockpiling and crushing. The final bench height in the open pit was designed for 20 m, with operational benches advancing in 10-m lifts.

Contractor fleet will be deployed to manage pit operations and crushing. Unit mining rates were provided by a regional contractor reflecting a typical fleet of 5-yd3 excavators and wheel loaders, 50-t trucks, track dozers, water trucks, service trucks and portable crushing and grinding equipment. Drilling and blasting would also be contracted and articulated trucks would likely be rented to address the overburden stripping campaigns.


Crushing and Grinding


Processing

  • Flotation
  • Agitated tank (VAT) leaching
  • Thermal decomposition
  • Sintering
  • Magnetic separation
  • Mechanical evaporation

Source: Subscription required

Summary:

The process facilities have been designed to treat 500,000 t/y of talc-magnesite ore, mined at the Timmins Talc-Magnesite mine. The plant will operate continuously with 85% availability to exceed 310 days per year.

The production of talc and magnesium oxide will involve processing the ore through a series of crushing, grinding, flotation, leaching, evaporation, decomposition and sintering steps.

A contractor will be responsible for crushing, screening and stockpiling the ore. Reclaimed ore will be conveyed to a tertiary crusher, followed by a primary grinding mill to reduce the particle size. The ground ore will be treated in rougher and cleaner flotation circuits where talc will be recovered to the concentrate streams. Flotation tails will be pumped to separate leach circuits. Talc will be flash dried, micronized and stored in silos.

Magnesite and other minerals contained in the flotation tails will be dissolved in the leaching circuit. The impurities ........

Recoveries & Grades:

CommodityParameterAvg. LOM
Talc Head Grade, % 33.7
Magnesia Head Grade, % 52.6

Projected Production:

CommodityUnitsAvg. AnnualLOM
Talc t 123,5002,469,603
Magnesia t  ......  Subscription required  ......  Subscription required

* According to 2012 study.

Reserves at August 12, 2016:

CategoryTonnage CommodityGrade
Indicated 12,728,000 t Talc 35.4 %
Indicated 12,728,000 t Magnesite 52.1 %
Inferred 18,778,000 t Talc 31.7 %
Inferred 18,778,000 t Magnesite 53.1 %

Commodity Production Costs:

CommodityUnits2021
Assumed price Magnesia USD 570 / t *
Assumed price Talc USD 500 / t *
* According to 2012 study / presentation.
Subscription required - Subscription is required.

Operating Costs:

Units2021
OP mining costs ($/t milled) CAD 15.3 *
Processing costs ($/t milled) CAD  ......  Subscription required
Total operating costs ($/t milled) CAD  ......  Subscription required
* According to 2012 study.
Subscription required - Subscription is required.

2012 Study Costs and Valuation Metrics :

MetricsUnitsLOM Total
Initial CapEx $M CAD  ......  Subscription required
Sustaining CapEx $M CAD  ......  Subscription required
Total CapEx $M CAD  ......  Subscription required
OP OpEx $M CAD  ......  Subscription required
Processing OpEx $M CAD 690.2
G&A costs $M CAD 143.4
Total OpEx $M CAD  ......  Subscription required
Total Taxes $M CAD  ......  Subscription required
Gross revenue (LOM) $M CAD  ......  Subscription required
Net revenue (LOM) $M CAD  ......  Subscription required
Operating margin, %  ......  Subscription required
EBITDA (LOM) $M CAD  ......  Subscription required
Pre-tax Cash Flow (LOM) $M CAD  ......  Subscription required
After-tax Cash Flow (LOM) $M CAD  ......  Subscription required
Pre-tax NPV @ 10% $M CAD  ......  Subscription required
Pre-tax NPV @ 8% $M CAD  ......  Subscription required
After-tax NPV @ 10% $M CAD  ......  Subscription required
After-tax NPV @ 8% $M CAD  ......  Subscription required
Pre-tax IRR, %  ......  Subscription required
After-tax IRR, %  ......  Subscription required
After-tax payback period, years  ......  Subscription required
Subscription required - Subscription is required.

Heavy Mobile Equipment:

Subscription required - Subscription is required.


Corporate Filings & Presentations:

DocumentYear
................................... Subscription required 2020
Corporate Presentation 2016
Preliminary Economic Assessment 2012
Subscription required - Subscription is required.

Subscription required - Subscription is required.

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