Québec

La Blache Project

Overview

Expansive Scope

The La Blache Project is comprised of 117 claims and covers 6,203.12 hectares

Strategic Location

100 km north of the community of Baie-Comeau, Quebec

Resource Rich

The property is part of the La Blache Anorthosite Complex and hosts the Farrell-Taylor magnetite-ilmenite deposit

Innovative Processing

Proprietary TiO2, V2O5 and Fe2O3 processing and recovery technology through ORF Technologies Acquisition

Metallurgical Success

Preliminary metallurgical testing of the oxide mineralization yielded 90% recovery of Iron and 95% recovery of Vanadium into a final high-purity product

High-Quality TiO2 Production

A titanium dioxide (TiO2) product suitable for further processing to pigment-grade TiO2 was fully recoverable in testing

Advantages

The TiO2 technology developed by ORF has demonstrated remarkable cost efficiency, being 144.8% more economical than traditional methods. This innovation comes at a crucial time as the demand for TiO2 surges, evidenced by a significant price increase of $400 per ton from most producers in the first half of 2021. Quebec, known for its favorable mining conditions, is an ideal location for this venture. Furthermore, the Quebec Government recognizes the strategic importance of titanium and vanadium mining, underscoring the potential of this project.

144.8%

the TiO2 technology developed by ORF is 144.8% more cost-efficient than conventional processes.

Assessing 2012 Resource Estimates

NI 43-101 Technical Report: Resource Estimation of the La Blache Project Cote-Nord, Quebec, Canada for Nevado Resources Corporation” provides a historic estimate that remains relevant due to its comprehensive nature and adherence to NI43-101 standards at the time. However, it doesn’t reflect updates made in 2014 to resource categories. Temas Resources, acknowledging the estimate’s limitations and lack of recent verification by a qualified person, does not currently classify it as a mineral resource under current CIM definitions.

COG TiO2Eq (%) Volume* Tonnage* Fe2O3 (%) Fe (%) TiO2 (%) V (%) V2O5 (%) TiO2Eq (%)
0 22,200,000 102,120,000 59.51 41.62 17.94 0.18 0.33 21.67
5 22,110,000 101,720,000 59.70 41.75 18.00 0.18 0.33 21.74
5.1 22,110,000 101,700,000 59.70 41.76 18.00 0.18 0.33 21.75
6.7 22,030,000 101,320,000 59.86 41.87 18.05 0.18 0.33 21.80
10 21,820,000 100,370,000 60.21 42.11 18.16 0.19 0.33 21.93
15 20,970,000 96,460,000 61.18 42.80 18.46 0.19 0.34 22.29