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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
Copyright:Attribution Non-commercial


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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
- 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
Chemical Analysis for Concentrate, Altos Hornos de Vizcaya, SA
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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