FLUORSPAR PROJECT

We will build the largest fluorspar processing plant in Mongolia to process our own deposits and we will become a major supplier in global fluorspar market.

We own 24 million tonnes of fluorspar resources
Project NPV is $1.7 billion (internal estimates)
Market price of acidspar is $350-400 per tonne and increasing steadily
Current hydrofluoric acid price is $1,500 per tonne
Fluorspar is listed in the list of Critical Raw Materials by EU, USA and China.
Fluorspar is widely used in production of chemicals, refrigerants, aluminum, steel and high value-added materials in the industrial world.

PROJECT	RICHFLUORITE FLUORSPAR PROJECT
Location	Darkhan, Norovlin, Bayan Ovoo subprovince of Khentii province and Gobi Ugtaal subprovince of Dundgobi province
Capacity	400,000 tonnes of Acidspar 160,000 ton nes of Hydrofluoric Acid 640,000 tonnes of Anhydrite
Initial investment required	37 million USD
Permits and Licenses	9 fluorspar mining licenses
Water source	Water research is done in 50 km radius, resource is sufficient
Technology	Floatation processing
Report available	JORC resource statements

INPUT

2 million tonnes of fluorspar ore

OUTPUT

400.000 tonnes of acidspar

FINAL PRODUCT

160.000 tonnes of HYDROFLOURIC ACID