Excellent new powerpoint presentation about Erin Ventures boron deposit on Small Cap Stocks website,
5.6 m ton indicated resource of 30.8% B2O3 (NI 43-101 compliant)*
6.2 m ton inferred resource of 28.8% B2O3 (NI 43-101 compliant)*
Potential annual revenue: US$100,000,000+
Potential mine lifespan: 30+ years
Project advancing towards Feasibility Study
The deposit remains open in two directions - potential for resource
expansion
Potential for additional deposits in remainder of the basin
Located in a historical mining region with existing mining infrastructure
including good paved roads, rail, power, ports, experienced miners
Erin holds an exclusive exploration license covering 35 km2
Erin is actively developing several strategic partnerships
US$630-730/t for colemanite (40% B2O3); and US$620-900/t for
boric acid. (Industrial Minerals - March 2014)
A very healthy demand is likely to create a tightening supply by the mid
of 2013. Prices which have been inching northward, are expected
to shoot by another 40-45% by 2014-15 (Asia Ceramics – Feb, 2012)
The price of borates has more than doubled in the last 42 months
(average per ton raw material at 40%) to US$700+ per tonne
Demand is expected to
increase sharply, while
suppliers are currently
operating at or near capacity.
Erin’s competitive advantages include: large ore deposit; high
quality, arsenic-free ore; good proximity to markets; excellent
infrastructure; relationships with industry leaders; ability to add
value by creating specialty products
Erin’s expected market penetration: 200,000 tonnes per year
(potential revenue: US$100,000,000+ per year), which is a
market penetration of < 5%
Achievements for 2013
• 43-101 resource
• mining license application
• strategic alliances advanced
2014 In Process
? PEA
? Bankable Feasibility Study
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