High-Purity Magnesium DolomitePlay on Magnesium price development and new high efficiency magnesium production process being developed by Douglas J. Zuliani.
Magnesium prices peaked cyclically at $3.65 in July 2008 but have since slipped to $2.29 in July 2009.
Gossan Resources Ltd.
29 million shares outstanding
5.25 million market cap
and this mega resource:
The Inwood Property hosts a very-large, high-quality deposit as the final Measured Resource alone would be capable of sustaining a very substantial production facility of 80,000 tonnes of magnesium per year for about 30 years (subject to a positive feasibility study).
National Instrument 43-101 Report from Watts, Griffis and McOuat
on the Inwood Property
Resource Classification
Fisher Branch Measured 28,819,000 tons 21.15% MgO (wt%) 30.91% CaO (wt%)
Fisher Branch Indicated 5,057,000 tons 21.40% MgO (wt%) 30.66% CaO (wt%)
Fisher Branch Inferred 131,236,000 tons 21.64% MgO (wt%) 30.51% CaO (wt%)
https://www.gossan.ca/en/news/080910.pdf
Development of the Inwood Magnesium Project is being advanced based on ongoing high
magnesium prices – currently over US $2.00 per pound - and the development of more efficient magnesium extraction processes. Gossan holds the option on the worldwide rights to a new highefficiency modified magnesium production process and testing of this technology is the current focus of this project.
The Zuliani process is designed to achieve operating cost savings by process efficiency improvements that significantly reduce both energy and key raw material requirements. These enhancements to the traditional Magnetherm method should materially improve both magnesium recovery and silicon reduction efficiency without the need for a vacuum. Energy use is reduced by development of a technically straightforward method that will ensure highly efficient condensation of liquid magnesium metal. Low cost hydro electricity is abundantly available in Manitoba. For further information refer to Gossan NR-07-02 dated March 16, 2007.
https://www.gossan.ca/en/news/090511.pdf
(...)favourable results from its Phase I bench scale testing of the Zuliani Process for extraction of magnesium metal from dolomite. A key finding of the final PRO Report for Phase I was that 98.9% of the magnesium contained within calcined dolomite samples was volatilized under experimental conditions at the desired temperature range. Volatilization, in this case, measures the proportion of magnesium metal that has been released from the calcined dolomite and represents the likely highest possible recovery rate. PRO conducted 8 bench scale tests in Phase I.
Douglas Reeson, President of Gossan commented, "Even under these bench scale experimental conditions, the degree of magnesium volatilization is exceptionally high. Given the nature of the Zuliani Process, recovery rates of magnesium under production conditions could be 20% to 25% higher than the typical recovery rates provided by the Pidgeon Process used by the dominant Chinese producers.
testing underway..
Thomson buying, slowly but continously:
And further interesting properties!!
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https://www.gossan.ca/