TSX-V : GBL
Resource Hunter Capital Corp. Phosphate Mining in West Africa

Profile

  • GB Minerals Ltd. is a Canadian mining exploration and development company that is focused on developing the Farim Phosphate Project located in Guinea-Bissau, West Africa. The project consists of a world class, high quality, future mine with a deposit containing Measured and Indicated Resources of 105.6 million dry tonnes at a grade of 28.4% P2O5 and additional Inferred Resources of 37.6 million dry tonnes at 27.7% P2O5.   The Measured and Indicated Resources include 44.0 million dry tonnes of Reserves based on a 25 year mine plan at 1.75 million tonnes per annum (“Mtpa”) of mine production at the following Run of Mine (“ROM”) grades: 30.0% P2O5, 2.6% Al2O3, 41.0% CaO, 4.7% Fe2O3, 10.6% SiO2.  The phosphate ore will be processed in a beneficiation plant resulting in 1.32 mpta of final product at 34.0% P2O5 and 3% moisture.  Beneficiated product will be trucked approximately 75 km from the mine-site to a port that the project will construct where the ore will be directly loaded onto ships of up to 35,000 dead weight tonnes.  Further details are disclosed in the Company’s most recently published NI 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”) Report entitled “NI 43-101 Technical Report on the Farim Phosphate Project” dated effective September 14, 2015 and filed under the Company’s profile on SEDAR at www.sedar.com.
     
  • The Company has been granted a Production License from the Government of Guinea Bissau.
     
  • The Life of Mine (“LOM”) operating costs are approximately US$52.13 per tonne of final concentrate.  The initial capital cost is estimated at US$193.8 million and does not include owner’s costs.  Owner’s costs amount to US$11 million and include items such as project insurance, resettlement and owner’s team costs.  Owner’s costs have been included in the financial analysis.  GB Minerals Ltd. shares are listed on the TSX Venture Exchange under the symbol "GBL".

The Current NI 43-101 Technical Report of Feasibility Study

The Company’s most current NI 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”) Report is entitled “NI 43-101 Technical Report on the Farim Phosphate Project”, dated effective September 14, 2015 and filed under the Company’s profile on SEDAR at www.sedar.com.  This report was prepared for the Company by the following consultants, all of whom are independent Qualified Persons as defined under NI 43-101:

Name Firm Scope of Responsibility
Dan Markovic 1 Lycopodium Minerals Canada Ltd. Infrastructure and Process Plant design
Jerry DeWolfe Golder Associates Ltd. Geology and Mineral Resources
Ted Minnes Golder Associates Inc. Mining, Mine Planning & Design. Mining capital and operating costs
George Lightwood Golder Associates Inc. In-pit Geotechnical assessment
Ed Liegel W.F Baird and Associates Coastal Engineers Ltd. Port design
Alex Duggan Kristal Font Inc. Capital Cost Estimate, Economic Analysis
Dave Morgan Knight Piésold Pty Ltd. Geotechnical Analysis (excluding mine), Tailings Management & Design, Hydrology , Hydrogeology and Geochemistry
Richard Cook Knight Piésold Ltd. Environmental Studies, Permitting and Social or Community Impact
Dr. Francisco Sotillo KEMWorks Technologies, Inc. Mineral Processing and Metallurgical Testing


1Read and approved the relevant technical information contained on this website.

adeIn('slow').append(responseData.CONFIRMATION); } }) return false; }); } );