The New Niobium Resource at AleyThe new resource announcement from the niobium deposit at the Aley has received attention at
https://rockymountainraremetalbelt.wordpress.com/2011/10/04/september-2011-exploration-activities-in-the-rocky-mountain-rare-metal-belt/
Taseko Mines Limited (TSX: TKO)
Taseko Mines announced an inferred resource of 159 million tonnes grading 0.43% Nb2O5 at the Aley Niobium Project located 130km north of Mackenzie, British Columbia (see map). The resource estimate is based on exploration from Taseko’s 2010 drilling program and will form the basis of a geological model incorporating mine engineering studies. In 2011, Taseko Mines completed an additional 65 drill holes and continued baseline environmental work.
Niobium, in the form of ferro niobium (FeNb), is used as an alloying element in steels and in the production of superalloys such as those used in the automotive, aviation, pipeline and the power generation sectors. Ferro niobium is only currently produced from three mining and processing facilities, two of which are located in Brazil and one in Quebec. The demand for ferro niobium continues to increase.