99.95% High Purity Manganese, page-47

Locky

Manganese X (Canada) released some processing costs numbers on Friday. Check them against your estimates to see if you are on track...

• Pit optimization parameters include: pricing of US$1500/tonne for High Purity Manganese Sulphate Monohydrate – 32% Mn,
• exchange rate of CDN $1.30 to US$ 1.00,
• mining at CDN $6.50/t, combined processing and G&A (1000 tpd) at CDN $86.22/t processed and a process recovery of Mn to HPMSM of 65%.
• Fe content was not included in the pit optimization. Mineral resources are reported at a cut-off grade of 2.50 % Mn within the optimized pit shell. This cut-off grade reflects total operating costs used in pit optimization to define reasonable prospects for eventual economic extraction by open pit mining methods.Mineral resources were estimated using Ordinary Kriging methods applied to 3 m downhole assay composites. No grade capping was applied. Model block size is 5 m (x) by 5 m (y) by 5 m (z)Bulk density was applied using a regression curve based on Mn % and Fe % block grades.