Advancing Titanium Projects in QB (Presentation Video) Temas Resources Corp. (TMAS.c or TMASF for US investors), is making significant strides in advancing its titanium projects. During the first day of the recent Deutsche Goldmesse Conference, Kyler Hardy, TMAS Executive Chairman, provided an insightful overview of the company's ambitious plans for its La Blache and Lac Brule projects.
Focus and Project Overview
TMAS is primarily focused on the development of its La Blache and Lac Brule projects. Located in the mining-friendly jurisdiction of Qubec, these projects are poised to leverage the region's robust infrastructure and supportive government policies.
The La Blache project, situated approximately 100 kilometers north of Baie-Comeau, has already seen the publication of a Preliminary Economic Assessment (PEA). Meanwhile, the Lac Brule project, located about 80 kilometers north of Saguenay, is set to undergo further drilling with hopes of advancing to the PEA stage later this year.
Economic and Strategic Significance
The La Blache project boasts a significant resource base, with 208 million tons at an approximate grade of 16.5% titanium dioxide (TiO2) equivalent, alongside valuable vanadium and iron components. The PEA outlines a project with a post-tax Net Present Value (NPV) of $6.6 billion and an Internal Rate of Return (IRR) exceeding 60%.
Another notable aspect of TMAS' strategy is its investment in innovative extraction technology. The company owns 50% of a chloride leach technology, which plays a crucial role in reducing the cost and environmental impact of titanium extraction. This technology not only lowers electricity consumption compared to traditional methods but also achieves approximately 95% reagent recycling, making it an environmentally friendly alternative.
Market Dynamics and Growth Potential
Titanium dioxide is a critical component in various industries, including paint, paper, plastics, and more. The demand for TiO2 is projected to grow at a compound annual rate of 5-6%, driven by its widespread use and the increasing need for sustainable production sources. With major producers like Kronos Worldwide and Tronox seeking new assets due to the nearing end of life of some of their existing mines, Temas Resources is well-positioned to fill this emerging supply gap.
As TMAS continues to advance its critical metal projects in Qubec, it stands at the forefront of innovation and strategic development in the mining sector. With robust project fundamentals, innovative technology, and a clear vision for the future, TMAS is poised to become a significant player in the titanium market, contributing to the sustainable and efficient production of this essential material.
The Deutsche Goldmesse presentation by Kyler Hardy underscores the company's commitment to excellence and its strategic approach to overcoming industry challenges, positioning Temas Resources for long-term success.
Presentation replay here:
Posted on behalf of Temas Resources Corp.