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A focused exploration and development company with a strong portfolio of mineral assets located in Brazil – home to the world’s 3rd largest Manganese reserves and the 5th largest Manganese producer.

Brazil has a business-friendly government, a long mining history and access to an experienced, low cost workforce.

Mine Description

The permit covers three basic geological regions in Para and Matto Grosso States (Brazil):

  1. 6 permits covering 31,307.33 hectares
  2. 8 permits covering 31,245.04 hectares
  3. 3 permits covering 5,932.25 hectares.

The first site, in Para State holds around 175,000 MT of lump and 40,000MT of fines. It is ready to mine and production is slated for early 2020. The depletion will take around 12 months at a monthly production rate of 15,000MT lump and 3,000 MT of fines.

This site forms part of a portfolio of permits in Para that encompass a 40km geological trend, containing manganese mineralisation which should offer mining opportunities in at least six additional sites at Para. The product quality status is on average 38% Mn, suitable for iron and steel production. It is considered high grade with the standard set at 37%Mn.

The Matto Grosso formations, encompassing the second and third sites are still classified as exploration, however it is believed that mining activity in those permits could be as soon as the next 12-24 months. Two geological formations were tested and recorded as approximately 53% Mn, representing a high grade product.

Investment Consideration

Recent discussions with the seller have indicated that they are fairly open with respect to a deal. They are willing to give up control, but are not willing to sell out completely, preferring to retain some equity.

There is also opportunity to provide a bridging loan or come in as an offtake partner.

Should you wish to explore the opportunity further, kindly inquire by selecting the button below:

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