Maxim Resources Inc.

Published : February 28th, 2012

Nickel-Iron Alloy (FTJ)

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Keywords :   Copper | Iron | Molybdenum | Nickel |

Many investors may not have heard of naturally occurring stainless steel or nickel-iron alloy.

http://www.fortstjamesnickel.com/i/pdf/CorporatePresentation.pdf

The Company with its exclusive proprietary extraction technology is a World leader looking into commercial production of this nickel-iron alloy although it has been known by academics for well over 100 years.  This mineral occurs in certain ultramafic rocks, which initially formed on the ocean floor in many parts of the World.  These ultramafic deposits typically contain about 0.25 percent nickel, but the nickel was held in the silicate lattice of rock forming minerals and to extract it would not be economic or practical.  However, during subduction of this ultramafic during mountain building the metaphoric process resulted in the breakdown of the original minerals liberating the nickel.  The nickel commonly goes back into new minerals.  However, under very specific conditions, with the right pressure temperature and chemistry, some of the nickel combines with iron to produce awaruite, a natural, stable, high-grade, nickel-iron alloy.

 

As a result of this process the mineral is disseminated, which on occasion can be over very large areas, which is one of the keys for its economic importance.  The grade is such that you can only make a mine that is a bulk tonnage or open pit, or that has low cost-per-tonne-production cost.  It is very similar in this respect to a porphyry molybdenum mine, which are also relatively low value per tonne.  When the extent of the mineralization is such that you can mine plus or minus 50,000 tonnes per day, that�s what makes those mines work.  Our mine would be a direct analogy to these types of mines in that respect.  However, the mineral is very magnetic and quite dense, so separation is by very straightforward magnetic separation followed by a gravity upgrade if warranted.   In this respect they are potentially simpler than porphyry mines that use flotation.

 

Because it has no sulfur, we can potentially sell the product directly to a steel mill.  There is no need to send it to a smelter unlike you would with the flotation product of copper, molybdenum or nickel sulfide deposits.  To separate the nickel from the sulfide takes about 20 percent of the total value.  The lack of sulfur also makes mining much more environmentally friendly.  Sulfur plus rainwater equals acid, virtually every mine has it, there are good engineering ways around it, but it costs money.  We avoid the expense as well, reducing our capital and operating costs.

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Maxim Resources Inc.

CODE : MXM.V
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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.

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Financings of Maxim Resources Inc.
10/3/2013PROVIDES UPDATE TO JV & FINANCING
9/11/2013Announces Update on JV and Financing with LGO
5/1/2013Laredo Announces Financing Agreement
4/11/2012Announces Private Placement
7/6/2010$1,000,000 Private Placement
Nominations of Maxim Resources Inc.
2/26/2011Announces BOARD & MANAGEMENT Changes with New Scotland
Project news of Maxim Resources Inc.
5/7/2013Laredo Resources Corp. Contracts Pony Mountain
3/14/2013Announces Non-Binding Heads of Terms for Joint Venture Agr...
1/14/2013Laredo Resources Corp. Announces Staking of Thirty-Eight Add...
12/5/2011Fort St. James hires SGS for Kilometer 26 testing
12/2/2011Very Interesting Project FTJ
8/3/2011from Maxim Resources Corp
4/4/2011WORK PROGRAM AT THE SUN PROJECT, ALASKA
3/31/2011ANDOVER HIRES GENERAL MANAGER FOR SUN PROJECT, ALASKA
11/24/2008(South Erin Block)Announces Third Development Well TD
11/12/2008(South Erin Block)Announces Second Development Well TD
Corporate news of Maxim Resources Inc.
7/31/2015Maxim Signs Extension Agreement for Closing Acquisition With...
4/7/2015Maxim Announces Annual General and Special Shareholder Meeti...
3/23/2015Maxim Signs Heads of Agreement With Quest Oil & Gas Ventures...
1/28/2015Maxim Corporate Update & Morocco Activities
1/22/2015Maxim Announces Continuance from Alberta to Ontario
1/15/2015Maxim Appoints New President, CEO and Director
12/29/2014Maxim Closes on Private Placement
12/4/2014Maxim Announces Update on Proposed Non-Brokered Private Plac...
11/20/2014Maxim Announces Price Reservation for Financing
11/4/2014Maxim Announces AGM Results
10/22/2014Maxim Resources Retainer European Investor Relations Firm
10/16/2014Maxim Completes Initial N.I. 51-101 Report on Hassi Berkane ...
10/10/2014Maxim Resources Inc. Proposed Dual Listing on AIM
7/24/2014Maxim Receives Reconnaissance Concession for Hassi Berkane B...
7/21/2014Maxim Engages Chapman Petroleum Engineering to Manage Reproc...
6/23/2014Maxim Signs Reconaissance Contract for Hassi Berkane Block W...
6/3/2014Maxim Resources and New Scotland Oil and Gas Announce Settle...
5/15/2014Maxim Announces Heads of Agreement to Acquire Reconsaissance...
9/18/2013GRYN Additions to Company
9/10/2013GREEN HYGIENICS Brazil Trip
9/4/2013Green Hygienics Holdings Inc.
8/12/2013and Leni Update
7/11/2013AGM
7/8/2013GRYN Worth a look see !
7/5/2013(MXM)
5/23/2013announces details on JV Agreement with LGO
5/2/2013Laredo (LRDR) Contracts Excavation Company
4/28/2013Laredo (LRDR) Heads Up
3/17/2013Halt / Laredo
3/15/2013JV Terms
3/12/2013Provides Shareholder Update
11/6/2012Heads Up on LRDR
9/12/2012to E- Mail List Sept.12
4/10/2012Announcement
3/20/2012To Maxim Shareholders
3/3/2012We have been waiting a long time for this!
3/3/2012Corporate Update
2/28/2012Fort St James Nickel (FTJ) Follow Up
2/28/2012Nickel-Iron Alloy (FTJ)
2/24/2012Fort Saint James Nickel (FTJ)
12/6/2011Fort St. James Nickel
5/19/2011(MXM) Market Depth
3/30/2011Andover clarifies disclosures after BCSC review
3/11/2011Andover News
2/25/2011Announces Board & Management Changes With New Scotland
8/9/2010Signs offer to purchase with Alberta Oilsands Inc.
7/28/2010Share Consolidation
6/22/2010corporate update on activities
6/9/2010to Aquire Trinidad based On-Shore Oil Producer
5/10/2010Reduces High Island Interest to 8%
2/10/2009ANNOUNCES PRODUCTION RESUMED AT HIGH ISLAND
12/11/2008Maxim Trinidad Drilling Update
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