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Cehegin Fact Sheet 2013

Cehegin Fact Sheet 2013

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Published by Don Bonner
Fact Sheet
Fact Sheet

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Published by: Don Bonner on Jul 04, 2013
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02/02/2014

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Cehegín Iron Ore Concessions Spain
Project Overview
The 1,030 hectare “Cehegín” iron ore property is located in the province of Murcia, in
south-eastern Spain.The property is comprised of 62 separate concessions, formally owned by the Spanish ironworks companyAltos Hornos de Vizcaya S.A. The property produced a premium grade of iron ore (+65% Fe) up until 1989,closing when the market declined. The historical documented records and research, which includes 38,000meters of drilling, can confirm mineral reserves sufficient to undertake an exploitation project. Three of thesixty-two concessions are of an immediate interest, as they can be quickly moved into full production.Proven Historical Reserves and Production Data
“Cash
-
flow”
- past producing open-pit mine
 –
 Maria has a production permit in place withproven reserves & 3:1 strip ratioInitial 62 concessions cover 1,030 HaSolid currently applying for extension to theconcessions
of up to 7,000 Ha’s
 Simple option - No cash or share paymentsSolid earns 100% upon exerciseExcellent year around weatherHistorical measured reserves* of 27 million tons on only 5% theproperty. Potential for 100 + million tons Infrastructure: roads, hydro, water in placeRail
 –
12 km away connecting to deep sea Port of CartagenaPort of Cartagena
 –
100 km from the Cehegín concession, abilityto handle 400,000 ton iron ore freightersStrong regional and local support for the project
High quality “magnetite” iron ore –
recognized globally as thepremium grade of iron ore with the lowest impurities
*Not NI 43-101 compliant
 
Cehein
 
Chemical Analysis for Concentrate, Altos Hornos de Vizcaya, SA
 –
1981Concentrate%
Iron 65.44
Silica 3.60Phosphorous 0.035Manganese 0.13Alumina + Titanium Oxide 1.54Calcium Oxide 0.55Magnesium Oxide 2.02Sulfur 0.036Potassium 0.048Sodium 0.12Concentrates of this grade and nonexistent impurities receive a considerable premium. Iron concentratesare priced at 62%, with each additional 1% receiving a premium of $3.50 - $5.00
 
Deep Water Port of CartagenaThe Port of Cartagena
, connected by rail and an excellent toll-free highway, is 104 Km`s away from theCehegin Iron Ore Concessions. The recently completed Escombreras Solid Bulk Terminals have four new
quays with berthing capabilities of loading the world’s largest i
ron ore carriers of up to 400,000 tons
.
Primary Crushing Plant Mina MariaTailings at Mina Maria Plant

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