|Moderated By: Spark -- (Moderated) -- Started: 6/14/2011 9:49:09 AM Revision History|
Plains Creek Phosphate Corp.
Currently undertaking Bankable Feasibility Study - complete Q4 2011
Plains Creek Phosphate Corp. is a Canadian mining and exploration company that is focused on advancing the Farim Phosphate Project located in Guinea-Bissau in West Africa.
The deposit is a world class, high quality, development phosphate project containing a total resource of 128 million tonnes at 29.8% P2O5 and a 25 year mining plan of 68 million tonnes at 29.9% P2O5.
he Company has completed a positive 43-101 Preliminary Economic Assessment and is now undertaking a Definitive Feasibility Study.
The Company has also been granted a Production license from the Government of Guinea Bissau. Plains Creek Phosphate Corp. shares are listed on the TSX Venture Exchange under the symbol "PCP".
•World class resource of 128 million tonnes @ 29.8% P2O5 comprising: Measured & Indicated 84 million tonnes @ 29.9% P2O5 Inferred 44 million tonnes @ 29.6% P2O5
•Production license granted. 25 year Mining Plan of 68 million tonnes @ 29.9% P2O5.
.Production commencement 2013 - exporting 2 million tonnes of phosphate rock concentrate per annum for minimum 25 years.
•Attractive economics - US$80 million EBITDA per year, based on US$100 per tonne phosphate rock (current prices closer to US$150 per tonne).
•Simple mining process - open cast mining using dredges - straight forward beneficiation to produce phosphate rock concentrate.
•Strong demand for end product - positive long term fundamentals for fertilizers.
•Good infrastructure components to support production and export to world markets.
•Additional lower zone phosphate layer - 450 million tonnes @ 10-15% P2O5 (geological resource).
•Potential to increase phosphate resources. Deposit open in three directions.
•Overburden average 39 meters, Stripping ratio 11.8:1. Soft clayey sand (no drilling and blasting)
•Use conventional truck and shovel overburden stripping for upper 7-10 meters
•Using stripping dredges to strip overburden to hanging wall of FPA phosphate layer
•Using production dredges for 3.3 meter thick FPA phosphate layer (produce slurry of very fine, liberated phosphate particles , 1 mm)
•Production rate per annum : 2,760,000 tonnes ROM phosphate ore grading 29.9% P2O5 Beneficiation (no crushing)
•Screening of +1 mm particles
•Sizing : remove minus 10 micron particles
•Magnetic separation to remove iron particles
•Slurry pipeline to port (80kms)
•Dry product at port to 8 -10 % moisture for shipping
•Production rate per annum - 2,160,000 tonnes at 8% moisture Recovery (based on BRGM and Champion test work)
•P2O5 recovery :79.6%
•Weight recovery : 72.5%
•Product : P2O5 phosphate rock concentrate grading 32.5% P2O5 and 3.5% Fe+Al content - Medium grade concentrate 70 BPL
•Production rate per annum: 2,000,000 dry tons.
•Includes production license, mining lease and incentive agreement Ownership
•100% GB Minerals AG (no government participation) Duration
•25 years, renewable for successive period of 25 years Infrastructure
•Port, roads, pipelines etc at sole discretion of company.
•No Government taxes, license fees or other costs Rights and Obligations
•Regulates rights regarding access and use, building of infrastructure, expats, imports, exporting products etc Taxes and Royalties
•10 year tax holiday from start of commercial operations
•2% tax deductible royalty on production
•Plains Creek has awarded GBM Minerals Engineering a contract to complete a Bankable Feasibility Study on the Farim Phosphate Deposit, Guinea Bissau. About GBM Mineral Engineering Consultants
•GBM Minerals Engineering Consultants Limited (GBM) is an independent firm of engineering consultants specialising in the development, design and construction of new mining projects and the refurbishment of existing gold, base-metal and industrial minerals ore processing plants. They are experts in the design, engineering, project management, procurement and construction of such plants and are currently providing technical services to the mining industry in Africa, Central Asia, Russia, Europe, Australia, the Americas and MiddleEast
•GBM was formed in March of 1994 by the employees of a large North American engineering consultant following the closure of that consultant's Gold and Base Metal Mining Projects Centre in London. The Centre had operated as a stable unit with the employees and other consultants working together on international projects for several years. The GBM employees have all worked for significant periods in the mining industry, worldwide, and are familiar with the latest work practices and technologies
•GBM has been certified by the British Standards Institution and deemed by them to operate a Quality Management System which complies with the requirements of BS EN ISO 9001:2000.
•GBM's Head Office is located in Twickenham, 15 kilometres south-west of London City centre.
•Farim Phosphate Project - a development project that has many positive attributes - World Class potential, high quality mining reserves / resources(128 million tonnes @29.8% P2O5), close to existing infrastructure, strong economics (US$80 million per annum EBITDA) with production license and incentive agreements in place.
•Attractive Long Term Phosphate Industry Fundamentals (prices have doubled in the last few years to sustainable levels) + current stock markets are upbeat on fertilizers, potash and phosphate companies. Current prices US$140 -150 per per tonne for 32.5% P2O5 phosphate rock))
•Company strategy to advance Farim Phosphate Project to production at 2 million tonnes phosphate rock concentrate per annum. Straight forward mining and simple beneficiation process.
•Significant Exploration & Resource Expansion Potential - open in 3 directions and large lower grade phosphate zone underlying main deposit. Additional 1741.61 sq km exploration license.
•To date two positive pre-feasibility studies completed. A 43-101 Technical Report - Preliminary Economic Assessment completed. A Bankable Feasibility Study underway - complete by Q4 2011.
Corporate presentation: plainscreek.com