Titanium Corporation Announces Pilot Plant Details
Minerals Engineering Centre, Dalhousie University chosen as site and working partner
Toronto, Ontario…..December 17, 2001…..Titanium Corporation Inc. (CDNX:TIC) today
announced that arrangements have been finalized with Minerals Engineering Centre, Dalhousie
University, for the establishment of a lab scale pilot testing facility in Halifax, Nova Scotia. This
pilot facility will enable Titanium Corporation to process raw material from its Nova Scotia Mineral
Sands Project on the Shubenacadie River near Maitland. The Corporation has allocated more
than $700,000 to purchase and operate the required testing equipment which will represent a
scaled-down version of equipment with proven production capabilities now being used in existing
mineral sands processing facilities worldwide.
George Elliott, Chairman and CEO of Titanium Corporation reports that “all of the equipment we
have ordered from MD Mineral Technologies and Ore Kinetics in Australia has been tested and
evaluated by our staff and we expect to have the pilot plant installed and operational by early
February, 2002. Jim Reeves, our Director of Metallurgy, together with Brian Stratford of the
independent consulting firm of Brian Stratford & Associates and Minerals Engineering Centre
staff, will supervise the testing program which is expected to run for about four months.”
Georges Kipouros, Director of the Minerals Engineering Centre, said, “we are especially pleased
to be working with Titanium Corporation on this program, particularly given our involvement with
this deposit for so many years. This pilot plant will provide our mining and metallurgy students
with an excellent opportunity to carry out research on state-of-the-art equipment.”
George Elliott added, “we believe this arrangement between our firm and Dalhousie University
represents an outstanding corporate and academic partnership that will provide a cost-effective
and high energy environment for our testing program. Together, we will focus on processing bulk
samples from our 330 million tonne proven reserve deposit to separate the economic minerals
(rutile, ilmenite, leucoxene, zircon, garnet and magnetite) into marketable concentrates for
evaluation by potential consumers. In this way, we will be able to mitigate the potential risks
typically associated with scale in the processing flow sheet and consumers will get a first hand
feel for the production methodology.”
According to Elliott, the Corporation expects to commission a bankable feasibility study and a
larger pilot plant once this initial testing program is completed. In the interim, work will continue to
further define and expand reserves.
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of
this release.
Dated: December 3, 2001 Stock Symbol: TIC-CDNX
ON BEHALF OF THE BOARD OF DIRECTORS (SIGNED) George D. Elliott L.L.B., Chairman
Telephone: (416) 955-0715 Fax: (416) 955-0790 titaniumcorporation.com |
