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Maritime Resources Corp V.MAE

Alternate Symbol(s):  MRTMF

Maritime Resources Corp. is a Canada-based gold exploration and development company. The Company is focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. The Company holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property, which includes the former Hammerdown gold mine and the Orion gold project. It also controls over 439 square kilometers (km2) of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. Mineral processing assets owned by the Company in the Baie Verte mining district include the Pine Cove mill and the Nugget Pond gold circuit. The Point Rousse Project covers an area of approximately 54 km2. The Company also owns the Lac Pelletier gold project in Rouyn Noranda, Quebec. Its wholly owned subsidiary is 2823988 Ontario Corp.


TSXV:MAE - Post by User

Post by nozzpackon Mar 26, 2024 12:07pm
96 Views
Post# 35953186

Massive Concentrate Volumes Through Point Rousse

Massive Concentrate Volumes Through Point Rousse

 

FireFly secures Port Access Agreement to export up to 1Mt / year of mineral concentrate from Pine Cove Deep Water Port, located only 6km from Green Bay Copper-Gold Project


Typically, Rambler processed 250,000 tons of copper ore which produced about 17,000 tons of copper concentrate containing  about 4500 tons of copper at an average grade of about 25% copper .

In other words, the copper concentrate weighed 17,000 tons .

Lets say that Firefly is aiming at 45,000 tons of copper ( 10 times ) per year contained in about 170, 000 tons of concentrate from 2.5 million tons of copper ore.

Thats a huge increase from normal Rambler production .

To get to 1 million tons of copper concentrate , they would have to mill about 11.5 million tons per year which is way above the milling capacity of consolidated processing capacity envisaged in my calculations .

Now, Maritime envisaged Point Rousse Deep water port as a mineral concentrate import/ export terminal  

It looks like Firefly is looking at the same use of the Deep Water port which would imply about 250,000 tons of copper ( in concentrate ) being exported/ imported through Point Rousse.

At  $10,000 cad per ton of copper in Concentrate, Point Rousse mineral operations as envisaged by Firefly would gross about $2,5 billion cad per year.

This seems extraordinary to me but Firefly/ Bellevue do not think small...

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