Name of the Project
Pituffik titanium project.

Location
Greenland.

Client
FinnAust Mining.

Project Description
Pituffik is an advanced-stage titanium project, comprising three main target areas along more than 80 km of coastline historically proven to contain large and high-grade accumulations of primary ilmenite occurring as placer deposits in:
• raised beaches, containing ilmenite accumulations across widths of more than 1 km, of unknown depths, along more than 20 km of coastline;
• active beaches, which refer to the area seaward of the frontal dunes, including the beach, tidal zones and surf zone – historically, samples from this area have achieved 70% ilmenite by weight; and
• drowned beaches, which refer to the areas seaward of active beaches.

Successful testwork has demonstrated that the project could produce a gravity-separated concentrate that compares favourably to existing ‘hard rock’ sources of ilmenite.

Overall composition of the ilmenite has indicated that it should be readily soluble in sulphuric acid at high process efficiency, making it suitable for all digestion process options.

All chemical analyses have shown a consistent ilmenite composition across the entire project area. Elements that could adversely impact on final pigment quality, particularly whiteness and yellowness, are comparable to existing commercial products. Further, radioactive components and acid-insoluble minerals are better than industry benchmarks for sulphate ilmenite.

Jobs to be Created
Not stated.

Net Present Value/Internal Rate of Return
Too early to state.

Value
Too early to state.

Duration
Too early to state.

Latest Developments
Work towards determining the Pituffik resource potential is continuing, with the maiden Joint Ore Reserves Committee-compliant resource expected later this year, ahead of the start of bulk sampling in 2017.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
FinnAust, tel +44 207 907 9326 or fax +44 207 681 3861.