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Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit
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Mark Arundell - Imex Consulting - Hillview Vermiculite Deposit

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Mark Arundell delivered the presentation at the 2014 Mining NSW Conference. …

Mark Arundell delivered the presentation at the 2014 Mining NSW Conference.

Mining NSW Conference is the premier event focused on base metals exploration, building regional skill, and promoting economic development.

For more information about the event, please visit: http://bit.ly/miningnsw14

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  • 1. Hillview Vermiculite Mark Arundell
  • 2. Disclaimer Competent Persons Statement The information in this presentation, which relates to Mineral Resources and exploration results, has been reviewed by Mr Mark Arundell. This information, in the opinion of Mr Arundell, does not comply with the reporting standards of the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Arundell is a Member of the Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Arundell is a consultant to Jodama Pty Ltd and consents to this presentation. Forward Looking Statement This presentation includes certain ‘forward looking statements’. All statements, other than statements of historical fact, are forward looking statements that involve various risks and uncertainties. There can be no assurances that such statements will prove accurate, and actual results and future events could differ materially from those anticipated in such statements. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The company does not assume the obligation to update any forward- looking statement . IMEx Consulting 2
  • 3. 3 The IMEx Group – Experience Potash - Exploration Projects and Regional Studies Danakil Congo Afghanistan Nagaur (India & Pakistan) Carlsbad Maritimes Michigan Elk Point Basin Paradox Basin Sergipe Neuquen Udon Thani Canning Oman Carnarvon Adavale Khemiset Sicily North Caspian Catalonia Atacama Zechstein Belarus Uralian IMEx Office Amazon Gabon Timaru Rhine Amadeus
  • 4. Hillview Vermiculite  What is Vermiculite?  Why Vermiculite?  Hillview – Geology & Resource  Hillview Platinum  Going forward…. Without a market, a deposit is merely a geological curiosity - Harben IMEx Consulting 4
  • 5. Why Industrial Minerals?  Essential raw materials for a wide range of industrial and domestic products  IM are high volume - low value, or low volume - high value, but are vital commodities  Demand is consistent and long term  Markets for these minerals are typically by off take agreements  Exposure to commodity price cycles is less pronounced  Long term cash flows provide solid platform for growth  New technology can quickly expand existing markets IMEx Consulting Gulf Resources, 2010 5
  • 6. What is Vermiculite?  Vermiculite is a mica - sheet silicate.  Expands to many times its original volume when heated – exfoliation  “Vermiculite” is derived from the Latin vermicularis (worm-like) IMEx Consulting 6
  • 7. Vermiculite IMEx Consulting Gulf Resources, 2010 7
  • 8. Exfoliation IMEx Consulting Gulf Resources, 2010 8
  • 9. Exfoliation IMEx Consulting GSNSW Bulle4n 33, 2007 9
  • 10. Why Vermiculite?  Vermiculite various attributes include :  fire resistance  low thermal conductivity  high liquid absorption capacity  inertness  low density IMEx Consulting 10
  • 11. Uses & Properties - i  Agriculture/Horticulture (50%)*  Exfoliated vermiculite improves soil aeration of “sticky” (clay) soils & moisture retention characteristics of sandy soils.  Vermiculite is used in the fertilizer and pesticide market because of its ability to act as a bulking agent, carrier, and extender. IMEx Consulting 11  Aggregate (20%)*  Plasters & concrete – lightweight, good thermal insulation  Special plasters include fire protection & soundproofing products - vermiculite is combined with a binder. * USGS, 2014
  • 12. Uses & Properties - ii IMEx Consulting 12  Insulation (5%)*  Exfoliated vermiculite - fill pores & cavities in masonry construction & hollow blockwork - enhance acoustic properties, fire rating, & insulation performance.  Finer grades of exfoliated vermiculite, combined with potassium or sodium silicate, are used to produce insulation shapes.  Vermiculite-base insulation shapes to resist attack by molten aluminium - 2nd insulation in the aluminium production process.  Other uses (20%)*  Refractory-insulation gunning & castable mixes & vermiculite dispersions.  Finer grades of exfol. vermiculite in automotive brake linings. * USGS, 2014
  • 13. Flake Size Dupre Minerals website IMEx Consulting 13
  • 14. Production & Reserves USGS, 2014 IMEx Consulting 14 Data in thousand metric tonnes
  • 15. Hillview Vermiculite IMEx Consulting 15
  • 16. Regional Geology Minfo 39, 1993 Ordovician IMEx Consulting 16 Nyngan To/enham Tullamore Condobolin 0 30km
  • 17. Ural Alaskan Intrusions  Platinum : placers from the Urals (Fifield)  Pt derived from UM-MF intrusions  Km scale zoned dunite, wehrlite, CPX, gabbro, hornblendite, monzonite  UM – Platinum  MF – vermiculite (← biotite)  Alaska, Fifield, Urals, Columbia IMEx Consulting 17
  • 18. Tottenham Vermiculite Hillview IMEx Consulting 18 Tigers Creek Hillview Hylea
  • 19. Hillview Vermiculite  1988 : 16m @ 4.3g/t Pt in Hillview laterite – mag targets under cover  1989-1990 : further Pt min – considered not economic  Vermiculite recognised in PGM exploration  1991 : vermiculite focus IMEx Consulting 19
  • 20. Hillview “Outcrop” IMEx Consulting 20
  • 21. Tottenham Magnetics Bulbodney IMEx Consulting 21 Hylea -­‐ Tigers Creek Hillview Kerrs
  • 22. Tottenham Drilling Bulbodney Hillview IMEx Consulting 22 Hylea -­‐ Tigers Creek
  • 23. Hillview Vermiculite  Helix Resources  Drilling : 309 RAB holes for 14,600m  Hillview Resource (Martin, 1998):  Inferred - 12.4 Mt @ 32% vermiculite;  Measured - 2.3Mt @ 32% vermiculite. IMEx Consulting 23
  • 24. Hillview Resource Minfo 39, 1993 IMEx Consulting 24 Hillview RAB drilling on magneBcs/aerial photo
  • 25. Hillview Resource IMEx Consulting 25 20m Hillview RAB cross secBon 6427849N Cover Saprolite Basement
  • 26. Hillview Resource Hillview Resource +0.45mm IMEx Consulting 26
  • 27. Hillview Resource Hillview Resource +0.45mm IMEx Consulting 27
  • 28. Hillview Resource Hillview – Base of Trans Cover IMEx Consulting 28
  • 29. Hillview Resource Hillview – Base of Saprolite IMEx Consulting 29
  • 30. Mining & Processing  Shallow – top 40m  No blasting, no crushing  Clay – non-sticky → washing  Air (coarse) and/or flotation (fine)  Contaminant free  High exfolation properties cf Palabora Mar4n, 1998 & Minfo 39, 1993 IMEx Consulting 30
  • 31. Processing IMEx Consulting Minfo 39, 1993 31
  • 32. Vermiculite Minfo 39, 1993 IMEx Consulting 32
  • 33. Marketing - Helix  30,000 tpa operation (+70 year operation)  Aus : 5,000 tpa  Japan / Europe : 5,000 – 10,000 tpa  2001 : Sold (80%) to AVI (Imdex) for $500,000 (implied value : $0.625M)  2002 : Imdex sold Mud Tank (& Hillview) to Imerys for $4.85M (implied value : $1M) IMEx Consulting 33
  • 34. Marketing - IMEx  Who is your consumer?  Aust : three “exfoliators”  What is the local market?  ~2,000 - 10,000 tpa  Where do they source their material?  Brazil & South Africa  Will they be interested?  Yes..very much so! IMEx Consulting 34
  • 35. Marketing - IMEx IMEx Consulting 35 Gulf Industrials, 2012
  • 36. Hillview Platinum  1988 : 16m @ 4.37g/t Pt in Hillview laterite – mag targets under cover  1989-1990 : further Pt min – considered not economic – issues with Fire Assay  1991 – Vermiculite focus  So how much Pt is present? IMEx Consulting 36
  • 37. Hillview Pt Resource Pt 0.1g/t envelope IMEx Consulting 37 25m Hillview RAB cross secBon 6427730N Section Cover Basement Pt 0.5g/t envelope Saprolite
  • 38. Hillview Pt Resource IMEx Consulting 38 Verm - Meas Pt 0.1g/t envelope
  • 39. Hillview Pt Resource Pt 0.1g/t envelope Pt 0.5g/t “envelope” IMEx Consulting 39
  • 40. Hillview Pt Resource IMEx Consulting 40
  • 41. Hillview Pt Resource Pt 0.5g/t shell IMEx Consulting 41 Verm - Meas RTP magnetics
  • 42. Hillview Platinum  2014 : laterite Pt resource calculated  583,000 tonnes @ 1.30 g/t Pt (0.5 g/t cutoff)  25Koz Pt ($1477/oz)  0.1g/t cutoff : 6.8Mt @ ?? g/t Pt  Free dig  Multiple untested magnetic anomalies IMEx Consulting 42
  • 43. Fifield Belt Platinum  Owendale (Platina)  Ind/Inf : 18.3Mt @ 0.64 g/t Pt (0.4 g/t cutoff)  380Koz Pt (0.52Moz Pt - 0.3 g/t cutoff)  Metallurgy  Conventional gravity recovery - 66.3%  Chlorination process after an initial acid leach (2012) IMEx Consulting 43
  • 44. Going Forward…  Hillview – EL 8248 IMEx Consulting 44  Vermiculite  Continue negotiations with Exfoliators  “Bulk” sample for trial  Complete geology model  Platinum - laterite  Target : +250Koz of +1.5g/t Pt  Keens : 26m @ 1.39g/t Pt  → Hylea
  • 45. Going Forward…  Hylea – ELA 5032  Platinum – laterite  500m x 400m +0.1ppm Pt anomaly (Lachlan, 1991)  21m @ 1.01 g/t Pt from 9m; H-107  21m @ 1.76 g/t Pt from 1m; HRC003 (Black Range)  Platinum - primary  DDH-HY1 : 103-185m 82m @ 0.26g/t Pt  DDH-HY2 : 87-170m 83m @ 0.14g/t Pt IMEx Consulting 45
  • 46. Going Forward…  Hylea – ELA 5032 IMEx Consulting 46  Vermiculite  Tigers Creek (Platinum Search NL, 1994):  Inf Res - 4.8 Mt at 34% vermiculite
  • 47. IMEx Consulting GSNSW Bulle4n 33, 2007 47

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