FLUORSPAR PROJECT

TODAY’S CAELUM, TOMORROW’S HERITAGE

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