Altius Minerals Corp T.ALS

Alternate Symbol(s): ATUSF

Metals & Mining Industrial Metals & Minerals

Altius Minerals Corporation is focused on growing its royalty business through prospect generation and the creation and acquisition of royalties. It diversified mineral royalties from 11 operating mines located in Canada (nine) and Brazil (two) that produce copper, nickel, cobalt, lithium, potash and iron ore. Its segments include Mineral Royalties, Project Generation and Renewable Royalties. The Mineral Royalties consist of the acquisition and management of producing and development stage royalty and streaming interests. The Project Generation segment is engaged in acquisition and early-stage exploration of mineral resource properties with a goal of vending the properties to third parties in exchange for early-stage royalties and minority equity or project interests. The Renewable Royalties segment includes a majority interest holding in publicly traded Altius Renewable Royalties Corp., which is focused on the acquisition and management of renewable energy investments and royalties.

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Altius Minerals Corp

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Post by Greenandgold.on Feb 27, 2012 12:31pm

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Post# 19591750

Julienne and Snelgrove

Interesting news today about developments at Julienne and Snelgrove. I like that Altius has the cash and know-how to commission these 400K comprehensive gravity and magnetics surveys. The surveys are very effective at finding iron ore deposits.

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Altius is planning to drill a few holes at Julienne Lake in March. This is only the 3rd time they've risked the money to drill themselves (the other properties being Rambler and Kami, both on their way to becoming economic mines). If the surveys prove correct it looks like they've got a 400 to 500 million tonnes deposit at around 35% iron.

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