Company News: Avanti Mining
Updated: 10 Jan 2011
Avanti Mining Inc. (TSX-V: AVT) is developing its core asset, the Kitsault Molybdenum (Mo) project, a former producing mine, with established (power-grid utility, road & ocean access) infrastructure, located near coastal British Columbia, 140 km north of Prince Rupert.
A NI 43-101 compliant Prefeasibility Study completed by Wardrop Engineering in December, 2009 calculated Proven & Probable reserves of 215.3 million tonnes grading 0.085 % Mo, with a 15-year mine life, producing 368 million pounds (average annual production of 24.5 million lbs/year) of molybdenum.
Current work programs include: Selection of a lead engineer for completion of a Bankable Feasibility by Q4 2010, Metallurgical and Engineering studies and Baseline Environmental studies.
With cash operating costs estimated at $4.43 per pound Mo, this makes the Kitsault Moly project, not only one of the highest grade deposits, but one of the Top-5 primary molybdenum assets - worldwide.
A NI 43-101 compliant Prefeasibility Study completed by Wardrop Engineering in December, 2009 calculated Proven & Probable reserves of 215.3 million tonnes grading 0.085 % Mo, with a 15-year mine life, producing 368 million pounds (average annual production of 24.5 million lbs/year) of molybdenum.
Current work programs include: Selection of a lead engineer for completion of a Bankable Feasibility by Q4 2010, Metallurgical and Engineering studies and Baseline Environmental studies.
With cash operating costs estimated at $4.43 per pound Mo, this makes the Kitsault Moly project, not only one of the highest grade deposits, but one of the Top-5 primary molybdenum assets - worldwide.
Business Category Exploration; Mining
Regions of Operation North America
Exchange Ticker AVT
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Exchanges listed on TSX-V
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Suite 175 12200 E. Briarwood Avenue
- Centennial
- CO
- 80112
- United States
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