Issue link: http://resourceworld.uberflip.com/i/990287
J U N E / J U L Y 2 0 1 8 www.resourceworld.com 15 LEADERS IN PROJECT GENERATION ACQUISITION & DEVELOPMENT A FULL SERVICE CONTRACT GEOPHYSICAL, GEOLOGICAL & DEVELOPMENT COMPANY SPECIALTY MINERALS & EXCEPTIONAL PROJECTS LITHIUM, COBALT, VANADIUM GRAPHITE, FRAC SANDS, HPQ (HIGH PURITY QUARTZ) CORRUNDUM, RARE EARTHS FLUORSPAR EXPLORING CLAYTON VALLEY & SURROUNDING AREAS FOR A DECADE ALWAYS PROSPECTING WWW.GEOXPLOR.COM to the Krupin Process. The Upper Fir deposit has an indicated resource of 48.4 million tonnes at 197 ppm Ta 2 O 5 and 1,610 ppm Nb 2 O 5 , and inferred resource of 5.4 million tonnes at 191 ppm Ta2O 5 and 1,760 ppm Nb 2 O 5 . Cornerstone Metals Inc. [CCC-TSXV; APPPF-OTC] reported the results of the final seven holes of the 20-hole confir - mation diamond drilling program on its Carlin vanadium project, Nevada, one of the largest, richest primary vanadium deposits in North America. The drilling confirmed and improved the confidence of the geological model of the deposit and confirmed and improved continuity of grade and thickness of the high-grade near surface vanadium unit. Cornerstone is planning a Phase 2 drill program comprised of a 50–70 hole reverse circulation drill program with the objec - tive to expand dimensions of the deposit before completing a resource estimate. Permitting for the Phase 2 program is in place. Critical Elements Corp. [CRE-TSXV; CRECF-OTCQX; F12-FSE] has completed a Feasibility Study on its Rose hard rock lithium (spodumene) and tantalum proj - ect approximately 300 km northwest of Chibougamau, Québec. The NPV (8%) is $726 million with an IRR of 34.9% and a payback of 2.8 years. Gross margin is 63% and the average annual EBITDA is $183 million. Mine life is 17 years with a CAPEX of $341 million. Nominal production rate is estimated at 4,600 tpd, with 350 operating days per year. The open pit mine will produce a total of 26.8 million tonnes of ore grad - ing averaging 0.85% Li 2 O and 133 ppm Ta 2 O 5 , including dilution. The mill will process 1.61 million tonnes of ore per year to produce an annual average of 236,532 tonnes of technical- and chemical-grade spodumene concentrate and 429 tonnes of tantalite concentrate. The 100%-owned eCobalt Solutions Inc. [ECS-TSX; ECSIF-OTCQX] Idaho Cobalt Project, located in east-central Idaho about 26 miles west of Salmon in the Idaho Cobalt Belt, is the only near- SPECIALTY METALS