Mineral Exploration Property Valuation By Jon Russill
The valuation of mineral exploration properties generally fall into two broad categories, those with defined mineral resources and those without. The valuation technique used is different in each case and is in all cases dependent upon the level of knowledge regarding the continuity of grade and geology. A valuation is therefore more robust and quantitative as the available data increases in quality and quantity.
There are numerous reasons why mineral exploration and mining companies should consider valuation of their projects. This may be for mergers, acquisitions, sales or simply internal project ranking. During periods of “depressed” exploration activity there are good opportunities for funded exploration companies to build portfolios of good exploration assets at minimal cost.
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Mining Companies, Tibet Mineral Development To Develop Lithium Mining Project
Reported by Chinese news agency, Xinhua, mining company Tibet Mineral Development focus on developing lithium mining project in Salt Lake. Lithium mining project is estimated to have reserves of lithium carbonate to reach 2.4 million tons. The company plans to produce lithium carbonate in the first phase of 5,000 tons and the second phase of lithium production can reach 20,000 tons.
Tibetan mining company Mineral Development has hopes of becoming the largest lithium producer in China and became the main platform for restructuring the mining industry in Tibet.
Tibet Mineral Development Co is a mining company that has a 40 percent stake in mining company Shengyuan Mining Group Corporation. Mining company has several exploration projects of mining mineral resources. Read more
Orvana Completes 2009 Drill Program at Copperwood Project in Michigan
Orvana Minerals Corp.announced today that it has completed an 82-hole, 13,000-metre drill program and received assays for the first 23 holes at its Copperwood Project in Michigan. Orvana also has hired two key management personnel to assist in advancing the Copperwood Project.”This drilling has adequately delineated the deposit and we plan to provide a resource estimate early in 2010,” said Bill Williams, VP Corporate Development. “Given the favourable results to date, we have hired two experienced professionals to advance Copperwood’s engineering studies and to manage public policy matters. Read more
Kinross Provides the following Update on its Paracatu Mine
Kinross today provided the following update on its Paracatu expansion project in Paracatu, Minas Gerais State, Brazil:
Based on the expansion plant’s current operating levels and an expected production run rate of approximately 35,000 gold equivalent ounces per month in the fourth quarter of 2009, the Company expects full-year 2009 gold equivalent production at the Paracatu operation to be approximately 340,000-360,000 ounces, at an average cost of sales per ounce of $700-735. Read more
Canaco Resources Drills 41 Metres of 3.32 Grams Per Tonne-Confirms Continuity of Mineralization at Magambazi
Canaco Resources Inc. is pleased to announce assay results from drill holes recently completed as part of at the Company’s diamond drilling program at the Magambazi gold prospect, located in the Handeni region of the United Republic of Tanzania.
Interpretation of the drill hole data to date reveals that the “Magambazi Mineralized Zone” is a broad, intense siliceous alteration zone with sulphide mineralization and frequent occurrences of trace visible gold. Read more
Randgold Resources and Moto Goldmines Limited Complete Business Combination
Randgold Resources Limited and Moto Goldmines Limited are pleased to announce that the court-approved plan of arrangement under Division 5 of Part 9 of the Business Corporations Act to effect the business combination between Moto and Randgold, which was announced on 5 August 2009, has today become effective and that Randgold and AngloGold Ashanti Limited, through their indirect jointly owned subsidiary, 0858065 BC Ltd, now control Moto, having acquired all 111 085 009 outstanding Moto common shares. Read more
