Resource World Magazine

16 www.resourceworld.com J U N E / J U L Y 2 0 1 8 term, environmentally permitted primary cobalt project in the United States. Over $120 million has been spent on the project to date and there is extensive infrastruc - ture already in place. Initial production is expected in 2019, ramping up to full com- mercial production in 2020. The project also demonstrates favourable long-term resource growth opportunities. A feasibil - ity study has been completed as well as pilot plant testing. Extensive earthworks at the mine and mill have been completed including the dry stacked tailings waste storage facility, mill pad, concentrator pad, ore haul road, concentrate haul road, water management ponds and partial construction of the por - tal bench. The Cobalt Production Facility site has been secured in an industrial park in Blackfoot, Idaho. The company said, "We are committed to providing clean cobalt products essential for the rapidly growing rechargeable battery and renewable energy sectors, made safely, responsibly, and transparently in the United States." Happy Creek Minerals Ltd. [HPY- TSXV] has an updated NI 43-101 resource estimate completed for the Ridley Creek and BN zones, as well as a first-time resource estimate for the BK Zone on its 100% owned Fox tungsten property 75 km northeast of 100 Mile House in the south-central Cariboo region of British Columbia. The Fox property contains a recently discovered, large scale, 10 km by 3 km tungsten skarn mineral system contain - ing seven mineralized zones and numerous showings at surface. The current resource is for the Ridley Creek, BN and BK Zones, which are portions of a 3 km long skarn horizon that outcrops at surface and dips gently westward. Total indicated resources for the Ridley Creek Zone are 582,400 tonnes grad - ing 0.826% WO 3 with inferred resource at 565,000 tonnes grading 1.231% WO 3 for the Ridley Creek, BN and BK Zones combined. David Blann, P.Eng., President and CEO, said, "We have not yet included the poten- tial for by-products zinc, indium, bismuth, gold and silver values which would require more detailed metallurgical testing for a more advanced economic study. The three zones with resources remain open to expansion. Jeannis Industries (private) has its beryllium deposit in Utah up for sale along with its proprietary beryllium extrac - tion technology. A 1991 Feasibility Study stated that the Horn deposit has proven and probable reserves of 507,000 tons of 0.61% beryllium oxide (BeO) and 125,000 tons inferred grading 0.56% BeO. Largo Resources Ltd. [LGO-TSX; LGORF-OTCQB] has announced plans to expand production capacity at the Maracás Menchen Mine in Bahia State, Brazil from the nameplate rate of ~800 tonnes per month of vanadium pentox - ide (V 2 O 5 ) to 1,000 tonnes per month, an increase of 25% over nameplate capacity. The enhanced production rate of vana- dium flake, high purity vanadium flake and high purity vanadium powder is expected to result in an additional 200 tonnes of V 2 O 5 being produced monthly from and after June 2019. CAPEX is esti- mated to be about US$ 15.5 million. Construction is expected to start in June with an expected completion in about a year, including the permitting and commissioning. Largo is the only pure-play producer of vanadium and also has interests in other projects, including: a 100% inter - est in the Currais Novos tungsten tailings project and a 100% interest in the Campo Alegre de Lourdes iron-vanadium project, both in Brazil; and a 100% interest in the Northern Dancer tungsten-molybdenum property in the Yukon. All three super alloys have been declared critical by the US government. Namibia Rare Earths Inc. is changing its name to Namibia Critical Metals Inc. [NMI-TSXV] to reflect changing its focus from the Lofdal REEs project (now on the back burner) to explore its specialty met - als projects in Namibia. In February 2018, the company acquired seven projects from Gecko Namibia (Pty) Ltd. that host the following commodities: cobalt, cop - per, lithium, graphite, tantalum, niobium, vanadium and gold. Namibia Critical Metals is particularly interested in advancing its Kuene-cobalt- copper property where cobalt anomalies have been confirmed. Mapping and pros - pecting programs are on-going and an airborne EM survey is planned. A 7,500- metre drill program is planned for this fall. NioCorp Developments Ltd. [NB-TSX; NIOBF-OTCQX; BR3-FSE] is plan - ning a mine and an advanced materials manufacturing facility at its Elk Creek niobium, scandium and titanium proj - ect in Nebraska. The Definitive Revised Feasibility Study shows pre-tax NPV of $2.3 billion and pre-tax IRR of 24.3%; an after-tax NPV of $1.7 billion with an after-tax IRR of 21.7%. There would be a 32-year mine life with 3.4-year pre-tax payback period from start of production. There would be gross revenue of $17.6 billion over mine's operating life with operating margin of $12.2 billion. Average EBITDA is $389.6 million over operating life with an average EBITDA margin over operating life of 69.5%. Prophecy Development Corp. [PCY-TSX; PRPCF-OTCQX; 1P2N-FSE] is advancing the Gibellini primary vanadium mining project in the Battle Mountain region of northeast Nevada to production. The company is preparing for its explora - tion and verification drilling program in Q2 2018. A total of 4,880 metres of reverse cir- culation drilling in 64 holes is planned. An independent NI 43-101 report by Amec Foster Wheeler E&C Services esti - mated combined measured and indicated resources of 22.01 million tons averaging 0.294% V 2 O 5 , containing 129.28 million pounds V 2 O 5 . Inferred resources are 9.82 million tons at a weighted average grade of 0.19% V 2 O 5 containing 37.27 million pounds V 2 O 5 . Saville Resources Inc. [SRE-TSXV] released results of recent prospecting and sampling completed throughout the Miranna area, which forms part of its nio- bium claim group in northern Québec. Work was conducted by Commerce SPECIALTY METALS

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