The property contains disseminated nickel alloys in strongly serpentinized ultramafic rocks and key characteristics of this style of mineralization and processing are noted below:
� Nickel content in nickel-iron alloy ranges up to 0.2%, whereas, total nickel values in these ultramafic rocks range
between 0.2 to 0.4%. Total nickel targeted includes both nickel-iron alloy and nickel held in silicate minerals which
is not recoverable.
� A viable target size is 500 million tonnes open pit deposit represented by a cube 1000 meters on each side. This
target size is similar to a moderately sized porphyry copper deposit operation and would provide a 16 year mine
life at a milling rate of 50,000 tonnes/day.
� The nickel-iron alloy mineral is called awaruite and with approxomatelt 75% nickel with the remainder consisting of iron and
minor amounts of copper and cobalt.
� Awaruite is a naturally occurring stainless steel and is similar to stainless steel commonly used in kitchen
appliances and utensils to prevent rust.
� Awaruite is highly magnetic and heavy with a specific gravity (or density) of 8.2 and is malleable.
� The nickel-iron alloy can be separated from crushed and ground host ultramafic rocks using either magnetic or
gravity methods, based on initial bench scale metallurgical work.
� Metallurgical processing method could be simple and low cost.
� The processed product can be sold directly to steel mills, eliminating the significant smelter costs due to the
absence of sulphur in the nickel-iron alloy.
� No sulphides in the host rock or surrounding areas will not cause acid mine drainage and reduce capital and
operating costs.
� The very high magnesium content in ultramafic host rocks can permanently capture CO2 into a form of
magnesium carbonate by percolating rain water and air through milled or crushed rock.
The characteristics of this nickel-iron target and associated large scale metallurgical process methods could significantly reduce the recovery and shipping costs of the nickel to steel producers as well as reduce the environmental impact compared to mine operations nickel sulphide or oxide (laterite) nickel deposits.
http://www.fortstjamesnickel.com/i/pdf/CorporatePresentation.pdf
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Maxim Resources Inc.
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CODE : MXM.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Maxim Res. is a and oil exploration company based in Canada. Maxim Res. develops natural gas in Australia. Its main asset in production is SELLHEIM GOLD in Australia and its main asset in development is SOUTH ERIN BLOCK in Australia. Maxim Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 292 050 as of today (US$ 218 813, € 209 404). Its stock quote reached its highest recent level on December 30, 2005 at CA$ 1.10, and its lowest recent point on December 16, 2016 at CA$ 0.01. Maxim Res. has 58 410 000 shares outstanding. |