Post by
Wangotango67 on Aug 13, 2022 4:16pm
Korab - digging a lil deeper -
In early 2021, Korab received an unsolicited approach expressing interest in the Winchester project as a feed source for magnesium metal production. No commercial terms have yet been agreed. Korab is reviewing various magnesium production methods. Discussions are also underway for potential offtakes and provision of financing. No agreements have yet been reached. Korab is looking for additional potential offtake discussions, partnerships or financing. As per its 2018 Feasibility Study, Korab plans to initially develop the Winchester project as a quarry producing magnesium carbonate rock to be crushed, screened, and sorted on-site, prior to transport to the Darwin Port.
As the second phase of development, part of the production is planned to still be sold as un-processed magnesium carbonate rock, and part is planned be processed off-site into magnesium oxide in the form of caustic calcined magnesia (CCM), and dead burned magnesia (DBM).
Off-site processing is expected to be undertaken by means of toll-treatment in kilns owned by third parties, which would not require additional capital investment. Prior studies show the project is also capable of supporting a 60,000 tpa magnesium metal smelter. Korab is working on the Mine Management Plan which needs approval from the Northern Territory Government and which presently does not include a smelter. All power needs can be fully supplied by renewable power sources: two solar farms (10MW and 12.5MW) are located 500m and 800m from the project.
PAGE 30 - PDF
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjpk8uMysT5AhUKq4kEHfCOAAIQFnoECDUQAQ&url=https%3A%2F%2Fwww.austrade.gov.au%2FArticleDocuments%2F1358%2FAustralian-critical-minerals-prospectus-2021.pdf&usg=AOvVaw3Q6XARA36LR9LkznMqKdWL
And... why did Hatch frame the Dridtwood around a - $100/mil furnace ?
Korab... appears it's using or wanting to use - off site - toll path - another processing the Mg2CO3.
Interesting.
Wonder where we'd be had our own Driftwood seen a similar plan without purchasing the furnaces and ran the route of, off site processing - split the profits at the - toll ?
Makes sense - why the other article in previous post stated -
Korab cracked a deal with the - ports.
An in between middle man - sounds like another stock i came across - similar situation...
Junior cracked a deal with a shipping firm - middle man deal - with concentrates -
That pdf link - literally reveals...
Australia is the - golden boy - with 40 green mineral projects.
What did Canada settle upon ?
Green hydrogen ?
lol
I think Canada should have a second sit down at the round table....
Ask for a few more green metal projects to contribute. If they're dream plan
of selling hydrogen to Europe and abroad fails... I'd say Canada would have missed the boat on
green metal projects - all others would have gained.
As it is ?
Quebec Graphite,
Quebec lithium,
Quebec hydrogen
Alberta hydrogen
B.C. copper cons,
Ontario nickel + cobalt....
and the infamous ev arrow.
I wonder if WHY resources is biting their nails ?
Seeing so many other world Mag projects come onlne - all but Canada's ?
Did we actually pay for the Driftwood - Hatch report ?
How long did they take to - write it up ?
How many other Mg projects surfaced and got funding during the time to - write it up ?
How much was the report - to be told - $100 mil furnace ?
lol
I wonder who the engineers were for - Korab ?
Smart engineers... farm out the ores.
Project is now moving forward.
Cheers....
Done with posting...
Hope they can fix this...
Selling it - would make me happy.
Time for a brewskie...