Commerce Resources Announces Significant Increase in Indicated Mineral Resource for the Ashram Rare Earth & Fluorspar Deposit, Quebec
Commerce Resources Announces Significant Increase in Indicated Mineral Resource for the Ashram Rare Earth & Fluorspar Deposit, Quebec
Highlights:
亮点:
-
The updated mineral resource estimate ("MRE") considers 28,783 meters of diamond drilling to increase the Indicated Resource tonnage by 164%:
- Indicated Resource: 73.2 Mt at 1.89% TREOǂand 6.6% CaF2, and
- Inferred Resource: 131.1 Mt at 1.91% TREO and 4.0% CaF2.
-
Contains a high percentage of the magnet feed rare earth elements neodymium (Nd) & praseodymium (Pr), exceeding that of several active global producers:
- (Nd2O3 + Pr2O3) / TREO ("NdPr") of 21.2% (indicated) and 21.4% (inferred)
- The geological model interprets a single, continuous, mineralized carbonatite body outcropping at surface, with a footprint approximately 700 m along strike, over 300 m across, and 600 m deep as defined by the current resource estimate and remains open at depth.
- The MRE incorporates three monazite-mineralized zones (A-Zone, B-Zone, and Breccia (Classic)). Other rare earth element-bearing lithologies such as the BD-Zone require additional metallurgical studies and were therefore not considered in this MRE but represent potential upside to the project.
- A forthcoming niobium drill program is set to investigate additional resource potential.
-
最新的矿产资源估算(“MRE”)认为,28,783米的钻石钻探将使指示资源的吨位增加164%:
- 指示资源:73.2 Mt,TREO 为 1.89%ǂ和 6.6% 的CaF2,以及
- 推断资源:1.311 Mt,TREO 为 1.91%,CaF 为 4.0%2。
-
含有很高比例的磁体馈电稀土元素钕元素(Nd)和praseodymium(Pr),超过了几家活跃的全球生产商:
- (Nd2O3 + 公关2O3)/TREO(“ndPR”)为 21.2%(已显示)和 21.4%(推断)
- 该地质模型解释了地表露出的单一、连续的矿化碳酸盐岩体,其沿走向的足迹约为700米,横向超过300米,深度为600米,根据当前资源估算的定义,深度为600米,并且在深度保持开放。
- MRE 包含三个独居石矿化区域(A 区、B 区和角砾岩(经典))。其他含稀土元素的岩性,例如BD-Zone,需要进行额外的冶金研究,因此本次MRE未考虑这些岩性,但为该项目提供了潜在的上行空间。
- 即将推出的铌钻探计划将研究额外的资源潜力。
ǂ TREO = sum of all lanthanide oxides + yttrium oxide
ǂ TREO = 所有稀土氧化物的总和 + 氧化钇的总和
VANCOUVER, BC / ACCESSWIRE / May 22, 2024 / Commerce Resources Corp. (TSXV:CCE)(FSE:D7H0)(OTCQX:CMRZF) (the "Company" or "Commerce") is pleased to announce an updated mineral resource estimate ("MRE") for the Ashram Rare Earth and Fluorspar Deposit (the "Ashram Deposit" or "Ashram"). The Ashram Deposit, wholly owned by the Company, is located in northeastern Quebec, Canada, approximately 130 kilometres south of the community of Kuujjuaq.
不列颠哥伦比亚省温哥华/ACCESSWIRE/2024年5月22日/商务资源公司(多伦多证券交易所股票代码:CCE)(FSE: D7H0)(OTCQX: CMRZF)(“公司” 或 “商务部”)欣然宣布阿什拉姆稀土和萤石矿床(“阿什拉姆矿床” 或 “阿什拉姆”)的最新矿产资源估算(“MRE”)。该公司全资拥有的阿什拉姆矿床位于加拿大魁北克省东北部,位于库朱瓦克社区以南约130公里处。
The updated MRE for the Ashram Rare Earth and Fluorspar Deposit firmly establishes it as a globally significant rare earth element ("REE") deposit, and one of the largest monazite-mineralized carbonatite REE deposits in the world: 73.2 Mt at 1.89% TREO and 6.6% CaF2(indicated), and 131.1 Mt at 1.91% TREO and 4.0% CaF2(inferred), at a cut-off of $287 Net Metal Return (NMR) per tonne (7).
更新后的阿什拉姆稀土和萤石矿床矿床矿床地质风险评估牢固地确立了其作为全球重要的稀土元素(“REE”)矿床的地位,也是世界上最大的独居石矿化碳酸岩稀土矿床之一:73.2 Mt,TREO 为 1.89%,CaF 6.6%2(如图所示),以及131.1 Mt,TREO 为 1.91%,CaF 为 4.0%2(推断),截止值为每吨287美元的净金属回报率(NMR) (7)。
Ashram also continues to demonstrate very high NdPr distributions (i.e., percent of neodymium plus praseodymium oxide of the TREO) at 21.2% NdPr (indicated) and 21.4% NdPr (inferred), exceeding that of several active global producers. The favourable distribution starts at surface, allowing these high value elements to be targeted early on in a potential open-pit extraction scenario and thereby, enhancing the project's strategic value and operational efficiency. This enrichment in the magnet feed REEs also extends to dysprosium (Dy) and terbium (Tb).
Ashram还继续表现出非常高的NdPR分布(即TREO的钕加氧化钯的百分比),为21.2%的ndPR(如图所示)和21.4%的nDPR(推断),超过了几家活跃的全球生产商。有利的分布从地表开始,这使得这些高价值元素能够在潜在的露天开采场景中尽早成为目标,从而提高项目的战略价值和运营效率。磁体饲料 REE 中的这种富集还延伸到(Dy)和钽(Tb)。
The MRE update underscores the Ashram Deposit's potential as a long-term, sustainable source of critical minerals, vital for the evolving technology and energy sectors. The Company remains committed to advancing the project, with ongoing work to further delineate the deposit's full potential, and a planned niobium drill program poised to unlock additional value.
MRE更新强调了阿什拉姆矿床作为长期、可持续的关键矿产来源的潜力,对不断变化的技术和能源行业至关重要。该公司仍然致力于推进该项目,正在进行的工作以进一步挖掘该矿床的全部潜力,计划中的铌钻探计划有望释放额外价值。
Chris Grove, President and CEO of Commerce Resources, stated: "We are very excited by this updated mineral resource estimate for the Ashram Deposit, as it positions the Company to become the front-runner in providing a long-term source of magnet-feed REE supply to the North American and European markets. Additionally, the Ashram Deposit has a fluorspar component which makes it one of the largest potential sources of fluorspar in the world. This milestone will be the new basis of future economic and development studies that further de-risk and unlock the development potential of this asset. In addition to the Ashram Deposit, the Eldor carbonatite remains highly prospective for a number of high value commodities, including niobium and phosphate minerals."
商务资源总裁兼首席执行官克里斯·格罗夫表示: “我们对Ashram Deposit的最新矿产资源估算感到非常兴奋,因为这使公司成为向北美和欧洲市场提供长期磁性饲料稀土供应来源的领跑者。此外,阿什拉姆矿床含有萤石成分,使其成为世界上最大的萤石潜在来源之一。这一里程碑将成为未来经济与发展研究的新基础,进一步降低风险并释放该资产的发展潜力。除阿什拉姆矿床外,埃尔多碳酸盐岩对包括铌和磷酸盐矿物在内的许多高价值商品仍然具有很高的前景。”
Patrik Schmidt, Company Vice President of Exploration, comments: "We are thrilled with this updated resource estimate, which continues to demonstrate the consistency of the magnet-feed REE enrichment throughout the Ashram Deposit. This resource has firmly established Ashram as one of the largest monazite-mineralized carbonatite rare earth deposits globally and remains open at depth."
公司勘探副总裁帕特里克·施密特评论说: “我们对这一更新的资源估算感到非常兴奋,它继续证明了整个 Ashram 矿床中磁性饲料稀土富集的一致性。这种资源牢固地确立了阿什拉姆作为全球最大的独居石矿化碳酸岩稀土矿床之一的地位,并且在深层仍处于开放状态。”
The primary objective of the mineral resource update was to increase the confidence of resources from the inferred category to the indicated category to support economic and development studies. This conversion was highly successful with an 164% increase in the indicated resource category compared to the prior MRE completed in 2012 (see news release dated March 6, 2012).
矿产资源更新的主要目标是提高从推断类别到指定类别的资源的可信度,以支持经济和发展研究。此次转换非常成功,与2012年完成的MRE相比,指定资源类别增加了164%(见2012年3月6日的新闻稿)。
The 2024 MRE was completed in accordance with National Instrument 43-101 with an Effective Date of April 4th, 2024, and is based on 117 diamond drill holes totaling 28,783 metres of NQ, HQ and BTW size drill core.
2024 年 MRE 根据 National Instrument 43-101 完成,生效日期为 2024 年 4 月 4 日,其基础是 117 个金刚石钻孔,总长 28,783 米的 NQ、HQ 和 BTW 大小的钻芯。
Table 1: NI 43-101 Mineral Resource Statement for Ashram Deposit
表 1:NI 43-101 阿什拉姆矿床矿产资源声明
Cut-off NMR ($/t) |
287 |
||
Category |
Indicated |
Inferred |
|
Tonnes |
Mt |
73.2 |
131.1 |
Total TREO |
% |
1.89 |
1.91 |
NdPr |
21.2 |
21.4 |
|
TbDy |
0.7 |
0.5 |
|
La2O3 |
ppm |
4,829 |
4,969 |
Ce2O3 |
8,753 |
8,933 |
|
Pr2O3 |
907 |
927 |
|
Nd2O3 |
3,112 |
3,162 |
|
Sm2O3 |
412 |
385 |
|
Eu2O3 |
98 |
87 |
|
Gd2O3 |
223 |
195 |
|
Tb2O3 |
24 |
19 |
|
Dy2O3 |
102 |
73 |
|
Ho2O3 |
14 |
10 |
|
Er2O3 |
31 |
21 |
|
Tm2O3 |
3 |
2 |
|
Yb2O3 |
18 |
13 |
|
Lu2O3 |
2 |
2 |
|
Y2O3 |
419 |
280 |
|
Fluorspar (CaF2) |
% |
6.6 |
4.0 |
截止核磁共振 ($/t) |
287 |
||
类别 |
已指明 |
推断 |
|
吨 |
山 |
73.2 |
131.1 |
Total TREO |
% |
1.89 |
1.91 |
ndPR |
21.2 |
21.4 |
|
待定 |
0.7 |
0.5 |
|
拉2O3 |
ppm |
4,829 |
4,969 |
Ce2O3 |
8,753 |
8,933 |
|
公关2O3 |
907 |
927 |
|
Nd2O3 |
3,112 |
3,162 |
|
Sm2O3 |
412 |
385 |
|
欧盟2O3 |
98 |
87 |
|
天哪2O3 |
223 |
195 |
|
Tb2O3 |
24 |
19 |
|
你好2O3 |
102 |
73 |
|
哈2O3 |
14 |
10 |
|
呃2O3 |
31 |
21 |
|
Tm2O3 |
3 |
2 |
|
Yb2O3 |
18 |
13 |
|
露2O3 |
2 |
2 |
|
Y2O3 |
419 |
280 |
|
萤石 (CaF)2) |
% |
6.6 |
4.0 |
(a) TREO is sum of lanthanides (as oxides) + yttrium oxide
(b) NdPr distribution calculated as (Nd2O3 + Pr2O3) / TREO x 100
(c) CaF2 calculated from fluorine assay using factor of 2.055 (F to CaF2). Assumes all fluorine is contained within the mineral fluorite ("fluorspar").
(d) Cut-off expressed as NMR ($)/t only considers payable elements La-Nd-Pr-Tb-Dy.
(e) TbDy distribution calculated as (Tb2O3 + Dy2O3) / TREO x 100.
(f) Prices shown are in CAD
(g) Differences may occur in totals due to rounding.
(a) TREO 是稀土化合物(作为氧化物)+ 氧化钇的总和
(b) ndPR 分布计算为 (Nd)2O3 + 公关2O3)/TREO x 100
(c) 使用2.055系数(从F到CaF2)通过氟化验计算得出的 CaF2。假设所有氟都包含在矿物萤石(“萤石”)中。
(d) 以核磁共振(美元)/吨表示的截止日期仅考虑应付部分 La-Nd-Pr-Tb-Dy。
(e) TbdY 分布计算方法为 (Tb)2O3 + 天2O3)/TREO x 100。
(f) 显示的价格以加元计算
(g) 由于四舍五入,总数可能出现差异。
Notes for Resource Table:
资源表注意事项:
- Mineral resources are not mineral reserves as they have not demonstrated economic viability. The quantity and grade of reported Inferred Resources in this MRE are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as Indicated or Measured. However, it is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.
- Resources are presented as undiluted and in-situ for an open-pit scenario and are considered to have reasonable prospects for eventual economic extraction. The constraining pit shell was developed using an overall pit slope of 52 degrees, and the resulting strip ratio is 2.7:1.
- 3D modelling was prepared using Leapfrog Geo v.2023.2.1 with a database of 213 surface drill holes, 6 surface channels and 32,962 samples, of which 117 drill holes and a total of 18,495 assays were used to interpolate the block model mineralized zones.
- Resources encompass three REE-bearing zones (A-zone, B-Zone, and Breccia (Classic)), each defined by wireframes. A value of zero grade was applied in cases of core not assayed.
- High-grade capping was done on the composited assay data and established on a per-zone basis for each element.
- Density values were interpolated using Ordinary Kriging for four rock types in the geological model, including the three mineralized rock types (A-Zone, B-Zones and Breccia (Classic)), with density averages of 3.08 g/cm3 for A-Zone, 3.00 g/cm3 for B-Zone, 3.05 g/cm3 for Breccia (Classic) and 2.92 g/cm3 for BD-Zone. Surrounding country rock lithologies were given a fixed density value from their range median values: carbonatites ranging from 2.85 to 2.97 g/cm3, Metavolcanic = 2.84g/cm3 and Lamprophyre = 2.97g/cm3." Grade model resource estimation was interpolated from drill hole data using an Ordinary Kriging interpolation method in a sub-blocked block model using blocks measuring 5 m x 5 m x 5 m in size and sub-blocks down to 1.25 m x 1.25 m x 1.25 m.
- The MRE cut-off, expressed as a Net Metal Return (NMR) value, was calculated to be CAD154/tonne, which is based on a 3-year annualized average (2021, 2022, and 2023) for the five payable oxidesa; (USD1.25/kg for La2O3, USD95/kg for Pr2O3, USD95/kg for Nd2O3, USD1,500/kg for Tb2O3, and USD375/kg for Dy2O3), estimated metal recoveries, and operating costs for mining, processing, transportation and G&A. A cut-off of CAD287/tonne is considered as the base case for the MRE and is guided by reasonable prospects of eventual economic extraction over a reasonable timeframe. The cut-off grade considers a CAD:USD exchange rate of 1.30
(a) Sourced from Adamas Intelligence's Rare Earth Pricing Quarterly Outlook (Q1 2024) - Inferred mineral resources are constrained to areas where drill spacing is less than 200 metres, and where reasonable geological and grade continuity is shown. Indicated mineral resources are constrained to areas where drill spacing is less than 70 metres, and where reasonable geological and grade continuity is displayed
- An open-pit mining method was considered for the MRE and a conceptual pit shell to constrain the resources was developed using Hexagon's MinePlan 3D software, Version 16.05.
- Calculations used metric units (metre, tonne). Metric tonnages have been rounded, and any discrepancies in total amounts are due to rounding errors.
- CIM definitions and guidelines (2019) for Mineral Resource Estimates have been followed.
- The QPs are unaware of any known environmental, permitting, legal, title-related, taxation, socio-political or marketing issues or any other relevant issues that could materially affect this MRE.
- 矿产资源不是矿产储量,因为它们没有显示出经济可行性。该MRE中报告的推断资源的数量和等级本质上是不确定的,并且尚未进行足够的探索,无法将这些推断资源定义为指示或测量。但是,可以合理地预计,通过持续勘探,大多数推断矿产资源可以升级为指定矿产资源。
- 在露天矿场景中,资源以未稀释和原地形式呈现,被认为具有合理的最终经济开采前景。限制性坑壳是使用52度的总矿坡度开发的,由此产生的带状比为2. 7:1。
- 三维建模是使用Leapfrog Geo v.2023.2.1进行的,其数据库包含213个露天钻孔、6个地表通道和32,962个样本,其中117个钻孔和总共18,495次分析用于对区块模型矿化区进行插值。
- 资源包括三个 REE 承载区域(A 区、B 区和 Breccia(经典)),每个区域都由线框定义。对于未进行岩心检测,则使用零等级的值。
- 高级封顶是在复合分析数据上完成的,并针对每种元素按区域确定。
- 使用普通克里金法对地质模型中四种岩石类型进行密度值插值,包括三种矿化岩石类型(A区、B区和角砾岩(经典)),平均密度为3.08 g/cm3 适用于 A-Zone,3.00 g/cm3 适用于 B 区,3.05 g/cm3 适用于角砾岩(经典)和 2.92 g/cm3 适用于 BD-Zone。周边乡村岩石岩性根据其范围中值得出了固定的密度值:碳酸岩介于 2.85 到 2.97 g/cm 之间3,变火山 = 2.84g/cm3 而且 Lamprophyre = 2.97g/cm3。”坡度模型资源估算是使用普通克里金插值法对子区块模型中的钻孔数据进行插值的,该区块的大小为 5 m x 5 m x 5 m,子区块尺寸为 1.25 m x 1.25 m x 1.25 m,子区块尺寸为 1.25 m x 1.25 m x 1.25 m。
- 以净金属回报率(NMR)值表示的MRE截止值计算为154加元/吨,这是基于五种应付氧化物的3年年平均值(2021年、2022年和2023年)一个;(洛杉矶为 1.25 美元/千克2O3,Pr 为 95 美元/千克2O3, Nd 95 美元/千克2O3,Tb 为 1,500 美元/千克2O3,Dy 为 375美元/千克2O3)、估计的金属回收率以及采矿、加工、运输和并购的运营成本。287加元的截止值被视为MRE的基本理由,并以合理时间内最终经济开采的合理前景为指导。截止等级考虑加元兑美元的汇率为1.30
(a) 来自阿达玛斯情报公司的《稀土定价季度展望》(2024年第一季度) - 推断的矿产资源仅限于钻孔间距小于 200 米且具有合理地质和品位连续性的区域。指定的矿产资源仅限于钻孔间距小于 70 米且具有合理地质和品位连续性的区域
- MRE考虑了露天采矿方法,并使用Hexagon的MinePlan 3D软件版本16.05开发了限制资源的概念性矿壳体。
- 计算使用公制单位(米、吨)。公制吨位已四舍五入,总量的任何差异都是四舍五入误差造成的。
- 已遵循CIM的矿产资源估算定义和指南(2019)。
- QP没有发现任何已知的环境、许可、法律、所有权相关问题、税收、社会政治或营销问题或任何其他可能对本次地雷风险评估产生重大影响的相关问题。
Table 2 and Figure 1 illustrate the sensitivity of the 2024 Ashram Deposit MRE with respect to various Net Metal Return cut-offs for a potential open-pit scenario with reasonable prospects of eventual economic extraction. The figures provided in these tables should not be interpreted as a mineral resource statement. The selected cut-off NMR for the base case is 287 $/tonne with the revenue factor 1 pit shell constraint.
表2和图1说明了2024年阿什拉姆矿床MRE对各种净金属回报临界值的敏感度,这些情景是潜在露天矿场景下具有合理经济开采前景的。不应将这些表格中提供的数字解释为矿产资源报表。基本案例的选定截止核磁共振为287美元/吨,收入系数为1的坑壳限制。
Table 2: Mineral resource sensitivity analysis based on NMR $/t cut-off
表 2:基于核磁共振美元/吨临界值的矿产资源敏感度分析
Figure 1: Ashram mineral resource sensitivity analysis - grade-tonnage curve with base case NMR $287/t cut-off
图 1:Ashram 矿产资源敏感度分析——采用基础核磁共振截止值为 287 美元/吨的品位吨位曲线
Figure 2: Pit shell and mineralized footprint of Ashram's mineral resource estimate in plan, highlighting the deposit scale and drilling post-2012 MRE used to improve the Mineral Resource Estimate
图 2:计划中的 Ashram 矿产资源估算值的矿壳和矿化足迹,重点介绍了 2012 年后用于改进矿产资源估算的 MRE 矿床规模和钻探
Figure 3: Geological model cross-section of the Ashram Deposit highlighting carbonatite lithological domains considered in the mineral resource estimate (A-Zone, B-Zone, Breccia (Classic)). Note the BD-Zone (not shown) is currently not part of the MRE.
图 3:阿什拉姆矿床的地质模型横截面,突出显示了矿产资源估算中考虑的碳酸盐岩性域(A区、B区、角砾岩(经典))。请注意,BD-Zone(未显示)目前不是 MRE 的一部分。
Figure 4: Cross-section showing Ashram indicated and inferred classifications within block model.
图 4:横截面显示了方块模型中指示的 Ashram 和推断的分类。
Figure 5: Ashram mineral resource block model - cross section displaying NMR ($/t) by block.
图 5:Ashram 矿产资源区块模型-横截面显示了按区块划分的 NMR ($/t)。
Figure 6: Ashram mineral resource block model - cross-section displaying TREO (%) distribution by block.
图 6:Ashram 矿产资源区块模型-横截面显示区块的 TREO (%) 分布。
Figure 7: Cross-section through the Ashram mineral resource block model displaying NdPr distribution.
图 7:显示了 NdPR 分布的 Ashram 矿产资源区块模型的横截面。
Figure 8: Cross-section through the Ashram mineral resource block model displaying TbDy distribution.
图 8:Ashram 矿产资源区块模型的横截面显示 TBDY 分布。
Figure 2 shows the surface projection of the pit shell and mineralized footprint of the Ashram deposit, with its lithological domains (A-Zone, B-Zone, Breccia (Classic)). It also includes the BD-Zone, another REE-bearing lithology that requires additional metallurgical studies due to their different REE-bearing mineralogy. These were therefore not considered in this MRE but represent potential upside to the project. Figure 3 is a cross-section of the monazite-mineralized lithologies that form the basis of the updated mineral resource estimate. The geological model is supported by drill holes through to the end of the 2022 fall program (hole EC22-207). Multiple cross-sections displaying parameters of the resource block model are presented in Figures 4 - 8. Figure 4 displays the indicated and inferred resource breakout in the block model which is shown in subsequent figures as dashed contour lines. Figure 5 shows the NMR ($/t) distribution within the deposit, with Figure 6 showing the respective TREO (%) distribution within the same block model slice. Figure 7 and Figure 8 are cross-sections of the magnet feed REE-oxide ratios (NdPr and TbDy, respectively) within the block model. Figure 7 shows high NdPr near surface, making it a high-value target which continues to be favourable throughout the deposit. The TbDy distribution shown in Figure 8 is overlapping with the high NdPr near surface but is not as elevated at depth.
图 2 显示了 Ashram 矿床的矿壳表面投影和矿化足迹及其岩性结构域(A区、B区、角砾岩(经典))。它还包括BD-Zone,这是另一种含稀土的岩性,由于其含稀土矿物学不同,需要进行额外的冶金研究。因此,本次MRE没有考虑这些因素,但代表了该项目的潜在优势。图 3 是独居石矿化岩性的横截面,构成最新矿产资源估算的基础。该地质模型由钻孔支持,直至2022年秋季项目(EC22-207 洞)结束。图 4-8 中显示了显示资源块模型参数的多个横截面。图 4 显示了区组模型中指示和推断的资源突破,该分组模型在后续图中以虚线轮廓线显示。图 5 显示了矿床内的 NMR ($/t) 分布,图 6 显示了同一区块模型切片内相应的 TREO (%) 分布。图 7 和图 8 是方块模型中磁体馈电氧化物比(分别为 nDPR 和 TbDY)的横截面。图7显示地表附近的NdPR较高,使其成为高价值目标,在整个矿床中继续保持有利地位。图 8 所示的 TBdY 分布与地表附近高 ndPr 重叠,但在深度上没有那么高。
Pit Optimization
A pit design was developed which constrains the pit shell to ensure reasonable prospects of eventual economic extraction. The pit geometry considered an overall pit slope of 52 degrees based on previous geotechnical studies. The pit design considered 3-year annualized average pricing (2021, 2022, and 2023) for five payable oxides(USD1.25/kg for La2O3, USD95/kg for Pr2O3, USD95/kg for Nd2O3, USD1,500/kg for Tb2O3, and USD375/kg for Dy2O3), which were converted to Canadian Dollars using an exchange rate of 1.30 CAD:USD. The pricing was sourced from Adamas Intelligence's Rare Earth Pricing Quarterly Outlook (Q1 2024).
矿坑优化
开发了一种矿坑设计,该设计限制了矿坑外壳,以确保最终经济开采的合理前景。根据先前的岩土工程研究,该矿坑的几何形状考虑了矿坑总坡度为52度。矿坑设计考虑了五种应付氧化物的3年年化平均价格(2021年、2022年和2023年)(洛杉矶 1.25 美元/千克)2O3,Pr 为 95 美元/千克2O3, Nd 95 美元/千克2O3,Tb 为 1,500 美元/千克2O3,Dy 为 375美元/千克2O3),使用1.30加元兑美元的汇率将其转换为加元。该定价来自阿达玛斯情报公司的《稀土定价季度展望》(2024年第一季度)。
The pit optimization considered the following combined metallurgical recoveries for the concentrator and hydromet plant: 60.5% for La2O3, 58.9% for Pr2O3, 59.0% for Nd2O3, 42.7% for Tb2O3, and 38.6% for Dy2O3. A mining cost of CAD8/tonne (plus an incremental mining cost with depth of CAD0.02/tonne for every 10m of depth), variable operating costs of CAD60/tonne milled for the concentrator, CAD3,000/tonne of mixed REO product for the hydromet plant, and CAD7,700/tonne of product for the separation plant, fixed annual operating costs of CAD25M, CAD10M, CAD11M, CAD10M, for G&A, the concentrator, hydromet plant, and separation plant respectively, and transportation costs of CAD200/tonne of mixed REO product. The operating costs have been established using a combination of comparable projects and industry benchmarks and are therefore conceptual in nature.
矿坑优化考虑了选矿厂和水力发电厂的以下综合冶金回收率:La 为 60.5%2O3,Pr 为 58.9%2O3, Nd 为 59.0%2O3,结核病为 42.7%2O3,Dy 为 38.6%2O3。采矿成本为每吨8加元(外加每深度为每10米深度0.02加元的增量开采成本)、为浓缩厂研磨的60加元/吨的可变运营成本、水力发电厂每吨的混合稀土回收利用产品以及分离厂每吨产品的7,700加元、G&A、CAD11M、CAD10M 的固定年度运营成本分别为反应器、水力发电厂和分离设备,以及混合稀土回收利用物产物每吨200加元的运输成本。CAD25M CAD10M运营成本是综合使用可比项目和行业基准确定的,因此本质上是概念性的。
The aforementioned economic parameters result in a Net Metal Return (NMR) cut-off of CAD154/tonne. An elevated cut-off of CAD287/tonne was considered as the base case for the MRE to ensure reasonable prospects of eventual economic extraction over a reasonable timeframe.
上述经济参数导致净金属回报率(NMR)的临界值为154加元/吨。将临界值提高到287加元/吨被视为MRE的基本理由,以确保在合理的时间范围内最终实现经济开采的合理前景。
The resulting pit shell has a conical shape with a diameter of approximately 1,200m, a depth of roughly 600m, and has a 2.7:1 ratio of waste to mineralized material.
由此产生的矿壳呈圆锥形,直径约为1200米,深度约为600米,废物与矿化材料的比例为2. 7:1。
Metallurgical Methods
The mineral processing and hydrometallurgy assumptions are based on the optimized flowsheet announced in the March 4th, 2024 press release. This was a significant simplification and optimization of the Ashram Deposit's front-end mineral processing flowsheet whereby 30-35+% TREO monazite mineral concentrates at strong recovery are produced using only flotation. In addition, a streamlined hydrometallurgical flowsheet was developed by L3 Process Development ("L3") and demonstrated at bench scale for the downstream processing of the monazite flotation concentrate. The hydrometallurgical flowsheet uses a standard acid bake - water leach process followed by thorium removal and direct rare earth element ("REE") precipitation.
冶金方法
矿物加工和湿法冶金假设基于2024年3月4日新闻稿中公布的优化流程。这是对阿什拉姆矿床前端矿物加工流程的重大简化和优化,在该流程中,回收率强劲的 30-35% TREO 独居石矿物浓缩物仅使用浮选法生产。此外,L3 Process Development(“L3”)开发了一种简化的湿法冶金流程,并在台架上进行了演示,用于独居石浮选精矿的下游加工。湿法冶金流程图使用标准的酸性烘烤-水浸工艺,然后去除钍和直接沉淀稀土元素(“REE”)。
Qualified Persons
The independent qualified persons for the 2024 MRE, as defined by National Instrument ("NI") 43-101 guidelines, are Pierre-Luc Richard, P.Geo., of PLR Resources Inc. (Mineral Resource Estimate), Jeffrey Cassoff, P.Eng., of BBA Inc. (Pitshell optimization and cut-off grade), Jordan Zampini, P.Eng., from DRA Global (Mineral Processing parameters), and Tommee Larochelle, P.Eng., of L3 Process Development (Hydrometallurgical parameters). The effective date of the 2024 MRE is April 4th, 2024. The qualified persons have approved the technical contents of this press release.
合格人员
根据国家仪器(“NI”)43-101指导方针的定义,2024年MRE的独立合格人员是PLR资源公司(矿产资源估计)的P.Geo. P.Geo.、BBA Inc.(Pitshell优化和截止等级)的杰弗里·卡索夫(P.Eng.)、来自DRA Global(矿物加工参数)的P.Eng. Jordan Zampini,P.Eng. L3 工艺开发(湿法冶金参数)的工程学硕士。2024 年 MRE 的生效日期为 2024 年 4 月 4 日。合格人员已批准本新闻稿的技术内容。
Mr. Richard has worked in the mining industry for over 20 years with various commodities over the years, including REE projects. Mr. Richard has acted as QP or lead QP for a considerable number of technical reports, mineral resource estimates, and due diligence reviews as a consultant with different firms, and for PLR Resources since 2022. Mr. Richard has been involved with the Ashram project since 2021 and has visited the property.
理查德先生在采矿业工作了20多年,多年来从事各种大宗商品,包括稀土项目。理查德先生曾作为不同公司的顾问担任大量技术报告、矿产资源估算和尽职调查审查的合伙人或首席合伙人,并自2022年起担任PLR Resources的合伙人或首席合伙人。理查德先生自2021年以来一直参与阿什拉姆项目,并参观了该物业。
About the Ashram Deposit
The Ashram Deposit is central to the Eldor Carbonatite Complex and bordered by an earlier staged calcio-carbonatite and various altered (fenitized) wallrock units. In contrast to its host rocks, the Ashram Deposit appears as a magnetic low and gravity high. Currently, the deposit geometry and geology can best be described as a moderate to steeply NE dipping ovoid, with simple rare earth mineralogy (monazite, bastnaesite, xenotime) that has an unusual enrichment in magnet feed elements (i.e. higher Nd+Pr Oxide/TREO). The Deposit is a single mineralized body outcropping at surface and has a drill delineated footprint of over 700 m along strike, 300 m across, and 600 m deep, and remains open at depth.
关于阿什拉姆矿床
阿什拉姆矿床是艾尔多碳酸盐岩群的核心,与早期阶段的碳酸钙岩和各种改性(费尼化)壁岩单元接壤。与其宿主岩石形成鲜明对比的是,阿什拉姆矿床呈磁性低点和高重力。目前,矿床的几何形状和地质学可以说是中度至陡峭的氮浸卵形,其简单的稀土矿物学(独居石、bastnaesite、xenotime)具有非同寻常的磁性饲料元素(即更高的Nd+Pr氧化物/TREO)。该矿床是地表露出的单一矿化体,其钻探足迹沿走向超过700米,横跨300米,深度为600米,深度为600米,深度保持开放状态。
About Commerce Resources Corp.
Commerce Resources Corp. is a junior mineral resource company focused on the development of the Ashram Rare Earth and Fluorspar Deposit located in Quebec, Canada. The Company is positioning to be one of the lowest cost rare earth producers globally, with a specific focus on being a long-term supplier of mixed rare earth carbonate and/or NdPr oxide to the global market. The Ashram Deposit is characterized by simple rare earth (monazite, bastnaesite, xenotime) and gangue (carbonates) mineralogy, a large tonnage resource at favourable grade, and has demonstrated the production of high-grade (more than 30 - 45% TREO) mineral concentrates at high recovery (more than 60 - 75%) in line with active global producers. Additionally, the Ashram Deposit has a fluorspar component which makes it one of the largest potential sources of fluorspar in the world and could be a long-term supplier to the met-spar and acid-spar markets.
关于商务资源公司
Commerce Resources Corp. 是一家初级矿产资源公司,专注于开发位于加拿大魁北克的阿什拉姆稀土和萤石矿床。该公司将定位为全球成本最低的稀土生产商之一,特别专注于成为全球市场混合稀土碳酸盐和/或NdPR氧化物的长期供应商。阿什拉姆矿床的特点是简单的稀土(独居石、混凝土、异种)和脉石(碳酸盐)矿物学,这是一种品位优良的大吨位资源,并已证明可以生产高品位(超过30-45% TREO)的矿物浓缩物,与活跃的全球生产商一样。此外,阿什拉姆矿床含有萤石成分,这使其成为世界上最大的潜在萤石来源之一,并可能成为聚晶石和酸石市场的长期供应商。
For more information, please visit the corporate website at or email info@commerceresources.com.
欲了解更多信息,请访问公司网站或发送电子邮件至 info@commerceresources.com。
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
代表董事会
商务资源公司
"Chris Grove"
Chris Grove
CEO and President
Tel: 604.484.2700
Email: cgrove@commerceresources.com
Web:
“克里斯·格罗夫“
克里斯·格罗夫
首席执行官兼总裁
电话:604.484.2700
电子邮件: cgrove@commerceresources.com
网页:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多伦多证券交易所风险投资交易所及其监管服务提供商(该术语在多伦多证券交易所风险投资交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
Forward Looking Statements
This news release contains forward-looking statements, which includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future. Forward looking statements in this news release include that the updated mineral resource estimate positions the Company to become a frontrunner as a long-term source of magnet-feed REE to the European and North American markets; that the high NdPr distributions can be targeted early on in a potential open-pit extraction scenario; that there is potential upside of the REE-bearing mineralogy of the BD-Zone; the highly conceptual estimates of operating costs and economic parameters with respect to pit optimization to develop a constraining pit shell; that Ashram has the potential to become one of the largest fluorspar sources in the world and a long-term supplier to the met-spar and acid-spar markets; and that the Company is positioning to be one of the lowest cost rare earth element producers globally, with a focus on being a long-term global supplier of mixed rare earth carbonate and/or NdPr oxide. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these events, activities or developments from coming to fruition include: that we may not be able to fully finance any additional exploration on the Ashram Project; that even if we are able raise capital, costs for exploration activities may increase such that we may not have sufficient funds to pay for such exploration or processing activities; the timing and content of any future work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumptions based on limited test work and by comparison to what are considered analogous deposits that, with further test work, may not be comparable; testing of our process may not prove successful or samples derived from the Ashram Project may not yield positive results, and even if such tests are successful or initial sample results are positive, the economic and other outcomes may not be as expected; the anticipated market demand for REE and other minerals may not be as expected; the availability of labour and equipment to undertake future exploration work and testing activities; geopolitical risks which may result in market and economic instability; and despite the current expected viability of the Ashram Project, conditions changing such that even if metals or minerals are discovered on the Ashram Project, the project may not be commercially viable. The forward-looking statements contained in this news release are made as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
前瞻性陈述
本新闻稿包含前瞻性陈述,其中包括有关公司认为、预期或预期未来将发生或可能发生的活动、事件或事态发展的任何信息。本新闻稿中的前瞻性陈述包括:最新的矿产资源估算使公司成为欧洲和北美市场的长期磁性原料稀土资源来源的领跑者;在潜在的露天开采情景中,可以尽早确定高NdPR分布;BD区含稀土矿物学有潜在的上升空间;对矿坑优化运营成本和经济参数的高概念性估计开发一个限制性坑壳;那个 Ashram 有有可能成为世界上最大的萤石来源之一以及甲基石和酸晶石市场的长期供应商;该公司正定位为全球成本最低的稀土元素生产商之一,专注于成为混合稀土碳酸盐和/或NdPR氧化物的长期全球供应商。这些前瞻性陈述受各种风险和不确定性以及其他因素的影响,这些因素可能导致实际事件或结果与前瞻性信息中的预测存在重大差异。可能改变或阻止这些事件、活动或开发取得成果的风险包括:我们可能无法为阿什拉姆项目的任何额外勘探提供充足的资金;即使我们能够筹集资金,勘探活动的成本也可能增加,以至于我们可能没有足够的资金来支付此类勘探或加工活动;任何未来工作计划的时间和内容;基于钻探的地质解释,随着更详细的信息可能发生变化;潜在的过程方法和矿物质回收率假设基于有限的测试工作,并与被视为类似的矿床进行比较,再进行进一步的测试可能无法进行比较;对我们工艺的测试可能不成功,或者从阿什拉姆项目提取的样品可能不会产生积极结果,即使此类测试成功或初步样本结果为阳性,经济和其他结果也可能不如预期;稀土和其他矿物的预期市场需求可能不如预期;供应情况未来所需的劳动力和设备勘探工作和测试活动;可能导致市场和经济不稳定的地缘政治风险;尽管阿什拉姆项目目前的预期可行性,但条件不断变化,即使在阿什拉姆项目上发现了金属或矿物,该项目在商业上也可能不可行。本新闻稿中包含的前瞻性陈述自发布之日起作出,除非法律要求,否则公司不承担更新或修改此类信息以反映新事件或情况的责任。
SOURCE: Commerce Resources Corp.
资料来源:商务资源公司