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Mustavaara Iron-Titanium-Vanadium project Finland
MustavaaraIron-Titanium-Vanadium project
Finland
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Mustavaaralocation
Mustavaaralocation
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Oulu
Kemi
Rovaniemi
Kuusamo
Raahe
Tailvalkoski
100 km
Koillismaa MaficLayered IntrusionsKoillismaa Mafic
Layered Intrusions
InfrastructureInfrastructure
railroad
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Geological SettingKoillismaa Layered Complex
Geological SettingKoillismaa Layered Complex
Exploration ClaimsAkkerman Exploration B.V.
Magnetite GabbroMafic Layered Intrusion
Proterozoic volcanics, sediments
10km
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Magnetite GabbroRegional Airborne Magnetics
Magnetite GabbroRegional Airborne Magnetics
MustavaaraVanadium Mine
10 km
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Location mapMustavaara Mine
Location mapMustavaara Mine
2 km
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2 km
35° dip
Ore HorizonMustavaara Mine
Ore HorizonMustavaara Mine
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Estimated Resource Potential
Ore horizon: 5000*60*200m at 3.2 gr/cm3
Tonnage: > 150 M tonsGrade: 0.36 % V2O5
Open pit 1500*60*135 mPast Ore Reserves *) 38 M tons Mined (1976-1985) 14.4 M tonsRemaining Resources**) 24.6 M tons
*) Heikki Paarma 30-9-�71 **) WGM NI43 101 compliant
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Mustavaara150 Mt @ 0.36% V2O5
803
468
540 kts contained
Source: RM Research �2006
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BeneficiationCrushing, milling, magnetic separation� Magnetite con. 24 M tons � Mass recovery 16 %� Concentrate grade: 1.61 % V2O5
Confirmed by recent tests
total V2O5 contained in magnetite concentrate: 330 kt
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0
0.5
1
1.5
2
2.5
0 20 40 60 80 100
million tons
V2O
5 %
Mustavaara330 kt
Windimurra250 kt
Balla Balla500 kt
Concentrate Tonnage, grade, V2O5 contained
Concentrate Tonnage, grade, V2O5 contained
Magnetite Concentrate Mt
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Process Options
Leaching on-siteoutput � FeV(80)� iron-titanium pellets
Leaching on-siteoutput � FeV(80)� iron-titanium pellets
Smelting off-siteoutput� pig iron, � FeV(80), � titanium slag
Smelting off-siteoutput� pig iron, � FeV(80), � titanium slag
BeneficiationMagnetite-vanadium-titanium concentrate
BeneficiationMagnetite-vanadium-titanium concentrate
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Project Scope (Smelting route)
Mining rate: 2,500,000 tpa ROMPlant feed: 375,000 tpa Mag. con.
(1.6% V2O5 61%Fe 8% TiO2)
Metal Output: 3,500 tpa FeV(80)255,000 tpa pig iron37,500 tpa TiO2 slag
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Way Forward 2007
� Smelting and Leach tests� Option analyses, Market study
� 2nd half 2007Start Feasibility Study
