The CEO of Temas Resources, Tim Fernback, recently shared insights into the company's promising ventures during the 2024 Kinvestor Critical Minerals & Mining Virtual Conference.
Temas Resources (CSE: TMAS | OTCQB: TMASF) is a mineral exploration company headquartered in Vancouver, BC, with significant projects in Quebec, a region renowned for its mining-friendly environment.
Temas' focus is on critical minerals, particularly titanium, iron, and vanadium, which are pivotal for national mineral independence.
The company is actively engaged in exploring the advanced La Blache and Lac Brule Iron-Titanium-Vanadium projects in Quebec. These projects are strategically positioned, benefiting from the region's rich mineral deposits and robust infrastructure, including access to the deep-water port on the St. Lawrence River.
What sets Temas Resources apart is its commitment to environmentally sustainable mining practices.
The company invests in and implements green mineral recovery technologies across its portfolio, aiming to minimize environmental impact and carbon footprint through advanced processing and patented leaching technologies.
A key highlight of Fernback's presentation was Temas' innovative and patented ORF chloride leaching technology developed in collaboration with the University of Minnesota.
This technology boasts cost-effective and environmentally positive attributes, reducing processing costs by up to 65% while reusing over 95% of reagents. Such advancements not only enhance the economic viability of projects but also align with the company's ESG mandate.
Temas has recently revealed an initial PEA for La Blache, forecasting a net present value (NPV) of $6.6 billion spanning a 14-year mine duration. This estimation is derived from an anticipated annual production of 660,000 tonnes of titanium dioxide, boasting a payback period of 25 months and an internal rate of return of 60.8%.
Meanwhile, Temas' Lac Brule project, characterized by higher-grade near-surface deposits, presenting a valuable asset in the company's portfolio.
Investors can anticipate further value creation as Temas Resources leverages its experienced management team, robust corporate structure, and strategic partnerships to drive project development forward.
With plans for continued drilling, environmental assessments, and community engagement, the company is poised for growth and poised to deliver shareholder value in the coming year.
Full interview here:
Posted on behalf of Temas Resources Corp.