Download - Renato Couto Gomes - Atlantica Mining - Exploring the mineral resources of Northeastern Brazil
ADVANCING BRAZIL’S NEW IRON ORE FRONTIER
IRON FORMATION
AND MAGNETITE PROJECTS 85 KM AWAY FROM DEEP-SEA PORT
November 2014
§ Exclusive ownership of over 50,000 hectares of claims
§ 60 km away from coast
§ Very good infrastructure:
§ Close to abundant energy (Xingó Hydroelectric, 3.1MKW)
§ Crossed by railroad to port, operational in 2014 (1.6m gauge)
§ Abundant water (pumped from São Francisco River’s 3,000m3/s flow)
§ All roads are public/free, paved and in well kept conditions
§ Experienced fulltime management team situated in the region
§ State government support for infrastructure, port access, tax-free export production zone around port, and tax breaks
SUMMARY
CORPORATE
STRUCTURE & FINANCING
2010 Founded & Funded by Brazilians
2011 Investment: GMP, Bay Front Capital, F. Timis
2012 Investment: Delaware St. Capital & Sintertec
2013 Joint Venture
2014 Investment
FOMENTO RESOURCES
Mineral processing.
Mining exploration. Mining operations.
Fully integrated logistics.
LOCATION & INFRASTRUCTURE
LOC
ATIO
N A
ND
INFR
AST
RU
CTU
RE
8
XINGÓ HYDROELECTRIC – S. FRANCISCO
LOC
ATIO
N A
ND
INFR
AST
RU
CTU
RE
10
TRANSNORDESTINA RAILROAD
LOC
ATIO
N A
ND
INFR
AST
RU
CTU
RE
12
BR-101 HIGHWAY
LOC
ATIO
N A
ND
INFR
AST
RU
CTU
RE
14
SERIGPE & MACEIÓ PORT
Mineral Assets
§ Magnetite-rich Iron Formations (BIF & iron stone) § Ground mag over 500km by Scan Consultoria § Data interpretation & modelling by Reconsult & Scan § FTG+Mag flown by Bell Geospace @100m grid § RC and DC drilling, establishing geophysical model § Campo Grande: Average 35-40% Fe grade, § Campo Alegre: DSO potential, average Fe 45% § São Francisco: BIF and magnetite-rich mafic-ultramafic
rocks w/ polymetallic intrusion (Cr, Co, Ni, V and PGE)
LOC
ATIO
N A
ND
INFR
AST
RU
CTU
RE
17
GROUND GEOPHYSICS CAMPO GRANDE
18
GROUND GEOPHYSICS CAMPO ALEGRE
H-‐H and G-‐G Cross-‐SecMons
Alagoas Sul Project Pedra Sul Target
§ RC drilling campaign successfully established the geophysical model § Drill core confirmed high metallurgical quality of concentrate § Results of the drilling campaign indicate the need for further work with the use of
diamond core drilling to better understand structure and geology
19
PRELIMINARY RC DRILLING
§ Broad drilling campaign throughout all projects 4 Projects § Preliminary resource estimation for one of Campo Grande’s target § Confirms economic viability of projects
20
DC DRILLING
Geology § Mineralization interspersed with Metasediment and Metavolcanic rocks § Very low contaminants § Magnetite average ~0.8-1.0 SI (magnetic susceptibility) § Aaverage grades 35-45% Fe § Concentrate above 68% Fe (at 100 mesh, 1.000 gauss)
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GEOLOGICAL CHARACTERISTICS
!
Weathered Outcrop
BIF Outcrop Pit
Drilling 22
PROJECT PICTURES
NEAR FUTURE
§ Conclude resource definition § Environmental licensing and permitting § Construction § Market definition
§ Local market: Companhia Siderurgica Suape [1.6mt/yr steel output – hot and cold rolled, and galvanized]
§ Export § Sintering/Pelletizing: Huge recent gas discovery in SEAL-11
by consortium Petrobras & IBV Brasil [JV Bharat Petroleum & Videocon Industries]
THANK YOU