Find Investors for the deposit of Manganese ore AKABEB

 

 

 

 

 

1.1 Key words……………………………………………………….. 1

1.2 Setuation………………………………………………………… 2

1.3Recognition Of Mine Work…………………………………….. 3

1.4 Location in Morocco…………………………………………… 4

 

 

2.1 Reserve calculation……………………………………………    5

2.2 Excavation wide………………………………………………            6

2.3 Deposit recovery………………………………………………    7

2.4 Economical calculation………………………………………             8

2.5 Investments………………………………………………..…              9

2.6 Laboratory Analysis………………………………………….             10

 

 

 

? Layer of manganese in the Permo-Triassic

? Stratiform MANGANESE MINERALIZATION IN THE FORM OF pyrolusite

 

? REDUCED POWER EXCEEDING 80cm Manganese massive

? RESOURCES    6,000,000 tonnes at 35% MN FOR DEPTH 400M

 

9,000,000 tonnes at 35% MN FOR DEPTH 600M

 

 

 

Located 30 km from Midelt, the deposit of manganese Akebab is located in the heart of the high Moulouya, where he completed on the metallogenic the famous lead-silver district of Aouli-Mibladen. It is reached by RP linking to Meknes Midelt.

 

 

 

The deposit shows Akebab following geological characteristics:
? Disposition tabular sub-manganese mineralization, collected in a layer of marly
? Lateral Extension of the mineralization is of the order of 2 to 3 km.
? Extension following the dip of the order of 800m
? Manganese mineralization in the form of pyrolusite and incidentally of psilomélane.

 

 

1-3:RECOGNITION OF MINING WORK
Access track
Widening of two galleries in layer long, respectively 15 and 25m
Series sampling confirming the di-oxide mineralization.

Reserves
1-Excavation wide	2500
2-Concentration -Excavation High	3 meters
3-Excavation depth	600 meters
4-Density	2.8
5-Volume in Tons	9.000.000
6-Mn % Content	35
7-Operating method	Rooms and pillars
8-Recovery rate of the deposit	65%
9-Metal content	2.050.000
10-Recovery Rate	80%
11-Concentrate merchant 47% Mn	3.490.000

The manganese concentration in the mine is located horizantaly at

2500 meters of the location in Akebab .

 

It can reach 75% of the total 9 million tons, but the least expectation rate is 65% .

9000.000 x 35%(MN) = 3.150.000 Million ton of MN

3.150.000 x 65% = 2.0475 Million Tons

After gravitational processing:

2.0475 x 80% (recovery rate)=1.638 million tons………(47% concentration)1.638/0.47=3.485 million tons of Mn concentrate

 

1 dirham(Dh) = 0.118 $

 

Annual production concentrates	350.000 tons
Annual production-run	120.000 tons per month
Mine total Life (years)	10 years
Cost of production 21$ / Ton , all comers	7.350.000
Tiles 35.5 $ / Ton - FOB	4.260.000
Total cost	12.470.000
FOB price(47%)	125$/ton
Value :125 x 120.000=	15.000.000
Margin profit	2.530.000 / months
Margin profitper year	30.360.000 $
Expected Margin profit for 10 years	303.600.000 $

 

Note: The margin profit can get higher if the production can come up to 180.000 ton instead of 120.000

 

 

Designation	Ammount $
Accommodation, buildings and basic infrastructure	471.000
Preparation	353.000
Mining Sub-field	2.000.000
Crawler .loaders , per days	235.000
Processing equipment gravimetric	2.353.000
miscellaneous	471.000
Total	5.883.000

 

They prefer to sell the the mine according to the formula :

Price of metric ton x total amount of concentrate x (5%)

With entry right to be discussed later face to face when you come to Morocco and examine the location and discuss everything in details.

Entry right calculation :

125$ / ton   x 3.490.000 tons = 436.250.000 $ ( for ten years)

436.250.000   x (2.5 %) = 10.906.250

 

 

Requested Analysis:              Sample       :     Manganese

Humidity                    A01       Provenance:  Maroc

Pertu au fou                     L01       Societe:            Global Mines

Chemical analysis           Q01       Reference:              1 Truck MP 20.05t

% MnO2                    D01       Date de Reception: 09/05/08

Analyso granulometrque   B01

%H2O	0.84	1Q+		Sieves (mm)	% Refusal
%PaF	12.34			20.00	12.52
%Na2O	0.01			15.00	52.18
%MgO	0.65			10.00	89.42
%Al2O3	1.27	13.52		8.00	96.17
%SIO2	8.94			5.00	99.08
%P2O5	0.05			2.00	99.51
%SO3	0.03			1.00	99.56
%K2O	0.87	1.38		0.50	99.61
%CaO	1.66	2.41
%TiO2	0.11
%V2O5	0.18
%Cr2O3	0.04
%Mn tot	51.90	53.63
%Fe2O2	1.10
%CoO	0.01
%NiO	0.02
%CuO	0.12
%ZnO	0.05
%As2O3	0.06
%SrO	0.01
%ZrO2	0.00
%BaO	0.14
%PhO	0.08
%MnO2	81.50
%MNo2 eq	82.11

 

The mine could be launch by the middle of 2010. As a result, a number of steps are underway for major infrastructure work to come.

 

 

As the graph below indicates, the mine will generates its income starting from 2011 , we expect of 3 million dollars and we are expected to increase that figure to 5 millions in 2012. It is important to note that those figures are most likely to rise higher than the number indicated below depending on the success of our corporation, and rise of commodity prices world wide.

 

Our main customer for Mn (47%), is Zhenjiang innovation company in China. They will buy all our production of min (47%) on FOB basis with a contract to be discussed later.

 

 

 

The revenue projections and cost analysis provided through out this plan, and on the following documents have been formulated to the best of our ability to the new faith. How Over these document are subject to change pending additional information effecting the market, and commodity prices tactic…etc. revenue projections and cost estimates will become more reliable the closer we get to securing mine backbone, and completing our infrastructures.

 

As indicated below we expect  the mine to have good income to break even as early as MID 2012. However this table will illustrate a less optimistic but very reasonable approach.

 

 

Akebab mine projected profit and loss statement is found in the graph below.

 

Figures represent a less optimistic but very reasonable approach.