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News Release - March 9, 2018 4:38 PM ET 

 

 

MGX Minerals Announces Positive PEA for Driftwood Creek Magnesium; Pre-Tax NPV of C$529.8 Million and 24.5% IRR

  • MGX advancing several Lithium projects of significance, including Chilean salar brine testing.

  • MGX targeting mid-2019 for manufacturing of fuel cell battery with potential to rival Tesla's Powerwall/Powerpack.

  • MGX at the beginning of Petrolithium growth curve.

NEW YORK, NY, March 9,  2018 /Sector Newswire/ -- MGX Minerals Inc. (CSE: XMG) (OTCQB: MGXMF) is a Canadian-based mining and clean technology processing company focused on accelerating emerging energy and energy commodity technologies that disrupt the status quo. The Company is multi-faceted, advancing several projects with potential to increase shareholder value, including 1) Lithium Brine Processing Technology, 2) Mass Energy Storage Zinc-Air Battery, and 3) Industrial Minerals 'Driftwood Project' in southern British Columbia, Canada. This week MGX Minerals released highlights of a Preliminary Economic Assessment ("PEA") on its Driftwood Creek Magnesium Project. Additionally this week MGX announced it has executed a LOI to jointly develop and commercialize a new process for extracting hard-rock lithium from spodumene concentrate.

 

The Driftwood Property contains a valuable magnesium deposit, a major asset of the Company. On March 6, 2018 MGX announced a Positive PEA for its Driftwood Creek Magnesium; Pre-Tax NPV of C$529.8 Million and 24.5% IRR. Assuming a sales price of $779 ($600 USD) per tonne for Dead Burn Magnesium (DBM) oxide with All-in Sustaining Production Costs at $351/t, the PEA calculates an impressive Pre-Tax NPV (at 5%) of nearly $530 million, resulting in a very respectable IRR of 24.5% with a quick 3.5 year paypack period. With a processing capacity of 1,200 t/day, the annual production is estimated at 169,700 t of magnesium oxide (MgO). During the 19 year mine life, the payable metal production totals around 3.1 million t of MgO, which translates into around $1.1 billion of Pre-Tax Cash Flows (on average $72.6 million of Pre-Tax Cash Flow per year).
 

These robust numbers are realizable for just $236 million of initial capital costs and would make MGX a rare breed of low-cost producers globally enjoying high operational margins in a safe and stable jurisdiction. Total LOM ("Life Of Mine") capital expenditures amount to only $240 million and include $3.9 million for closure costs and a contingency of $40 million. The highly lucrative and robust PEA is based on a high-grade (43% MgO) and large (7.8 million t) mineable resource at surface, resulting in high recoveries (90% on average) with conventional processing (crushing, grinding, flotation upgrading, calcination, and sintering to produce a saleable DBM product). The DBM product will be bagged and transported to market for sale as a powder with a purity of 94.6% MgO. The quarry-style mine would benefit greatly of not being located within a known environmental protection area.

 

Although the magnesium project is not the focus of the Company, it is good to know such an asset with solid intrinsic value exists in the Company's name. The disclosed maiden PEA on the Driftwood Project demonstrates that MGX owns a high-grade, world-class magnesium project, which is rare these days not only in North America but on a global scale. In light of only one single magnesium metal producer in the US, and China being responsible for about 80% of world’s supply, North America should be the primary target market for MGX, especially when considering that magnesium metal tariffs between Canada and USA have been dropped a few years ago.

 

 

Figure A (above) - Driftwood Project bulk sampling program 2016.

 

Magnesium (Mg) is a multi-purpose light-metal in high demand for today’s modern lifestyle, such as smartphones, automobiles, aircrafts, and other everyday essentials that require magnesium.
 

Magnesium’s unique characteristics make it 75% lighter than steel and 33% lighter than aluminum while still offering comparable strength-to-weight ratios. Magnesium is the third most used structural metal (behind iron and aluminum) and considered a critical strategic metal by the United States and European Union. China is responsible for approximately 80% of annual worldwide production. US Magnesium is the sole producer of primary magnesium in the US, having used the Great Salt Lake as its resource since 1972.

 

Magnesium Oxide (MgO) is a widely used industrial mineral with end uses in fertilizer, animal feed, and environmental water treatment as well as industrial applications primarily as a refractory material in the steel industry. The majority of refractory grade MgO used in the US and Canada is imported from China.

 

 

Figure B (above) - bulk sampling program in 2016.

 

 

Figure C (above) - MgO outcropping, Driftwood Project.

 

MGX Mienrals was also recently identified in a Market Equities Research Group Market Bulletin regarding upside valuation opportunity. The full copy of the Market Bulletin may be viewed at http://marketequitiesresearch.com/marketbulletin-xmg-feb-2018.htm online.

  

To the left below is excerpt copy of the Market Bulletin. To the right below is excerpt copy of recent Company news releases.

 

MGX Minerals targeting mid-2019 for manufacturing of fuel cell battery with potential to rival Tesla's Powerwall/Powerpack, and at the beginning of Petrolithium growth curve

 

MGX Minerals Inc. (CSE: XMG) (FKT:1MG) (OTCQB: MGXMF) is targeting mid-2019 for large scale manufacturing of its ZincNyx Fuel Cell Battery and already has manufacturing partners in place -- if this develops as I think it will, MGX's is due for significant upside revaluation. Market Equities Research Group has a near-term $5/share initial price target for CSE:XMG as the MGX's fuel cell battery has potential to rival Tesla Powerwall and Powerpack. Additionally, the MGX's proprietary Petrolithium technology appears at the beginning of a growth-run as one contract leads to another; the Company has first-mover advantage in the industry, with its first commercial Petrolithium system to begin cash-flowing imminently, and a series of progressively larger, additional systems, are currently in construction/development.

 

 

Recent share price: C$1.61, 52-Week: C$1.96–C$0.73,

Shares outstanding: ~95M, Market cap: ~C$152M

 

Listed below are some of the key business lines of MGX Minerals, each unique and ripe with potential catalysts:

 

1) Petrolithium/Lithium Brine Technology - The Oil and Gas sector discards more lithium than anyone in the world produces, MGX Minerals has Petrolithium solution.

 

MGX Minerals proprietary/patented brine processing technology gives the Company a significant advantage in the marketplace having solved the problem of magnesium (Mg) in lithium (Li) laden brine, able to deal with very complex/dirty brines. Up until now rich complex Li brine projects with high Mg:Li ratios have been passed over as technology did not exist to economically separate the two. MGX's technology now positions scores of complex lithium brine projects (previously untouchable) across the globe ripe for production, with better economics than solar evaporation. MGX Minerals Inc. is also positioned technology-wise to commercially exploit the mineral rich brine that is a residual by product of geothermal power generation. MGX is looking to bring the first 750bpd wastewater brine plant in Alberta in production this Q1-2018. The Company's first major contract will be for a contract with a major oil sands company, for a 1,200m3 (7500bpd) per day, $45/m3 revenue agreement. Initially the commercial operation is expected to represent a modest, roughly $500,000/year revenue stream, or about $3/b -- costs, however, are less than $1/b (information source: recent CEO interview). MGX Minerals has recently announced improved refinement of its nanofiltration lithium technology, and has commenced initial design of a 2400 cubic meter per day (~13,000 barrels) plant.

 

Petrolithium processing involves capturing oil, natural gas, and minerals from oil & gas industry brine, leaving cleaner water behind. MGX Minerals is deploying the only technology that can deal with ultra-high total dissolved solids plaguing the oil & gas industry. The process involves complex floatation and nano-filtration technologies which use reagent coated filters each designed to pull a specific element (NOTE: MGX is not limited to Lithium, it can target a wide range of elements, including gold and silver if present). The following excerpt is from the Company's February 12, 2018 news release entitled 'MGX Minerals Announces Advancement in Nanofiltration Lithium Technology; Commences Initial Design of 2400 Cubic Meter Per Day Plant'; "The System utilizes a highly charged Replaceable Skin Layer (RSL™) membrane related to the nanofiltration and High Intensity Froth Flotation (HiFF) system, known as nanoflotation, which collectively have demonstrated performance superiority over other processes typically used to remove contaminants. The technology allows ultra-high temperature water treatment (up to 700°C) at 10-30 times the efficiency of existing ultrafiltration systems and offers numerous environmental water purification and mineral extraction benefits, including contaminant removal, mineral recovery, reduced energy demand, and small footprint."

 

This February-2018 the CEO of MGX Minerals provided an interview update in which he stated "Regarding the demonstration contracts, 90% is completed, 2 or 3 from 12 are being followed up at the moment. MGX is looking for projects with scale. One of the follow up contracts the company is closing in on, is a 5,000bpd agreement with Chesapeake Oil, which has wastewater containing 200ppm Li which is very high in wastewater terms. MGX foresees about $3.4M in LCE revenues, and about $7M in water treatment revenues, together generating $6.7M in profits. MGX is still within the demonstration contract on this one, bulk samples are ongoing, more testing has to be done, could take another 6 months for a decision."

 

Additionally, this week The company has commenced lithium brine testing in Chile on multiple projects, with MGX's brine processing technology standard economic grade brines of say 500-600mg/L Li are NOT necessary; half of this would provide interesting/potentially very lucrative outcomes.

  

Video: MGX's Mass Energy Storage Zinc-Air Battery Solutions (2 min.15 sec.)

2) Mass Energy Storage Zinc-Air Battery

 

MGX Minerals has positioned itself as a leader in mass energy storage solutions with tech that is cost-effective, easily scalable, and eliminates all short-term energy downtime. MGX is advancing innovative modular energy storage batteries through proprietary (100%-owned) patented zinc-air technology via its wholly owned subsidiary ZincNyx Energy Solutions Inc. (a private company acquired from the mining giant Teck Resources in December 2017). Think Tesla's Powerwall and Powerpack but without lithium, powerful, quick charging, and low cost; this innovative regenerative zinc-air flow battery technology is designed for energy storage in the 5 kW to 1 MW range for extended periods of time. The tech allows for low cost mass storage of energy, and can be deployed into a wide range of applications, including utility-scale storage and power grid load stabilization, long term backup power for industrial, commercial, and military facilities, remote location off grid and micro grid applications, and diesel generator replacement or hybridization.

 

MGX's innovative regenerative zinc-air flow battery technology is immune to the growth of zinc dendrites which have traditionally plagued zinc-air flow batteries, and the Company has begun commercial development for the mass production of its scalable 20kWh capacity zinc-air mass storage battery. Unlike conventional batteries, which have a fixed energy/power ratio, MGX’s technology uses a fuel tank system that offers flexible energy/power ratios and scalability. The storage capacity is directly tied to the size of the fuel tank and the quantity of recharged zinc fuel, making scalability a major advantage of the flow battery system. In addition, a further major advantage of the zinc air flow battery is the ability to charge and discharge simultaneously and at different maximum charge or discharge rates since each of the charge and discharge circuits is separate and independent. Other types of standard and flow batteries are limited to a maximum charge and discharge by the total number of cells as there is no separation of the charge and discharge components.

 

Fig. 1 (above) Principles of operation Zinc-Air Battery.

 

The key difference between the Tesla Powerwall versus MGX's ZincNyx Fuel Cell Battery is the ZincNyx storage capacity is much larger; in order to increase storage simply increase the size of the fuel tank and add more fuel (zinc in this case). To increase storage of a Tesla battery you have to add both output and storage capacity. This decoupling of output power and storage is key and makes the ZincNyx system much cheaper in terms of storage capacity. So the real question is how much energy can you store, not just what is the rated output capacity. In terms of size, the system will be about the same size from 5kW to 20kW, as everything is shrinking in size in the production design phase at the moment with the exception of the fuel tank itself. A standard 5kW system will have 40kWh storage, the new 20kW system will have 160kWh storage. The target price, like others in this space, has been US$250/kWh for an 8 hour backup system. This would result in $10,000 for the 5kW system and $40,000 for the 20kW system. Depending on the application and configuration, the price can be significantly higher or lower. The fuel cells, needed for output, are the expensive part of the battery. With economies of scale, prices would go down.

 

MGX Minerals is targeting mid-2019 for large scale manufacturing of its ZincNyx Fuel Cell Battery and already has manufacturing partners in place.

 

Recent related news:

3) Industrial Minerals Project, in Invermere, BC, Canada

 

[see March 6 relase seen to the right]

 

4) Numerous Lithium Holdings

 

MGX Minerals has amassed a sizeable portfolio of lithium holdings (too numerous to list here for the sake of brevity). MGX is the largest holder of Li brine holdings in North America, it has ~2 million acres under staking options under a variety of arrangements. Below is a synopsis of two projects of significance, that are currently being meaningfully advanced:

 

110,000 acre Petrolithium project in the Paradox Basin of Utah -- The first large scale integrated petroleum and lithium exploration project in the United States. The Project is located next to the Lisbon Valley oilfield located within the Paradox Basin, Utah which has shown historical brine content as high as 730 ppm lithium (Superior Oil 88-21P) and past production of oil exceeding 50 million barrels. MGX recently completed 3D seismic geophysics to outline subsurface geological formations and structures favorable for accumulations of oil and gas as well as lithium brine bearing formations. The survey included ~9,000 source points.

MGX Minerals’ Joint Venture Partner Power Metals is advancing the Case Lake Lithium Property -- encountering exceptional grades / quality intercepts; ie...

      - 1.79% Li 186ppm Ta (Tantalum) Over 6m,

      - 2.07 % Li2O and 213.96 ppm Ta Over 18.0 m,

      - Samples up to 7.14% Li2O on Surface,

      - 26.0 Metres of 1.94% Li2O and 323.75 ppm Ta

 

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We have identified the following additional research links for further DD on MGX Minerals Inc.

Excerpt of recent (March 6, 2018) news release from MGX:

 

MGX Minerals Announces Positive PEA for Driftwood Creek Magnesium; Pre-Tax NPV of C$529.8 Million and 24.5% IRR

 

VANCOUVER, British Columbia, March 06, 2018 (GLOBE NEWSWIRE) -- MGX Minerals Inc.(“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTC:MGXMF) is pleased to report results of an independent technical report prepared in accordance with CIM guidelines and National Instrument 43-101 definition of a Preliminary Economic Assessment ("PEA") on its Driftwood Creek Magnesium Project (“Driftwood Creek” or the “Project”).
 

The PEA study was prepared by AKF Mining Services Inc. (AKF), Tuun Consulting Inc. (Tuun), Samuel Engineering Inc. (Samuel), and will be filed on the Company’s SEDAR profile at www.sedar.com as well as available on the Company’s website at www.mgxminerals.comwithin 45 days.

 

The PEA presumes a conventional quarry pit operation with a process plant and a furnace/kiln combination to produce a saleable Dead burn magnesium oxide (DBM) product. The plant will also have the ability to produce Caustic-calcined magnesium oxide (CCM) as a separate salable product. All dollar amounts in this release are stated in Canadian currency.

 

HIGHLIGHTS 
Highlights of the PEA include the following:

 

  • Pre-tax NPV@5% of $529.8 million, IRR of 24.5% with a 3.5-year payback

  • Post-tax NPV@5% of $316.7million, IRR of 19.3% with a 4.0-year payback

  • Initial capital costs of $235.9 million (Total life-of mine ("LOM") - $239.8 includes sustaining/closure costs of $3.9 million and contingency costs of $40.0 million)

  • Conventional quarry pit mine with a 1200 tonne per day ("tpd") process plant using conventional crushing, grinding, flotation upgrading, calcination, and sintering to produce a saleable DBM product

  • Cash costs of $350/tonne MgO

  • All-in sustaining costs ("AISC") of $351/tonne MgO

  • Average annual MgO production of 169,700 tonnes during an 19 year mine life

  • LOM average head grades of 43.27% MgO

  • LOM MgO recoveries of 90%

  • LOM strip ratio of 2.4 to 1 of rock to mineralized material

 

The reader is advised that the preliminary economic assessment summarized in this press release is only intended to provide an initial, high-level review of the project. The PEA mine plan and economic model include the use of inferred mineral resources which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the preliminary economic assessment will be realized.

We are extremely pleased with results of the PEA, which display Driftwood’s ability to become a high-margin, low-cost producer of magnesium oxide in a politically secure jurisdiction,” stated MGX President and CEO Jared Lazerson. “We believe this significant milestone outlines a clear path forward and provides numerous opportunities to further enhance the economics of the Project with a pre-feasibility study.
 

PEA SUMMARY OF RESULTS

Summary of Results

Mine Life

 

Years

18.8

Total Resource

M tonnes

7.8

Total Waste

M tonnes

19.1

Total Capitalized Waste

M tonnes

0.1

Total Mined

M tonnes

27.0

Strip Ratio

w:o

2.44

Mining Rate

tpd

4,103

Plant Throughput

tpd

1,200

Pre-Strip/Capitalized Waste

M tonnes

0.1

Average Head Grades

 

 

MgO

 

%

43.27

CaO

 

%

1.00

Al2O3

 

%

1.00

SiO2

 

%

4.88

Fe2O3

 

%

1.34

LOI

 

%

47.92

Payable Metal

 

 

MgO

LOM k tonne

3,055

k tonne/yr

169.7


SUMMARY OF ECONOMICS

Pre-Tax Cash Flow during Production

$M

$1,051

 

Avg Pre-Tax Cash Flow per Year

$M

$72.6

 

Taxes

 

 

$M

$391.8

 

Post-Tax Cash Flow during Production

$M

$659.4

 

Avg Post-Tax Cash Flow per Year

$M

$50.9

 

 

 

 

 

 

Discount Rate

 

 

5%
 

Pre-Tax NPV ($M)

 

$529.8

 

Pre-Tax IRR

 

 

24.5%
 

Pre-Tax Payback (Yrs)

 

3.5

 

Post-Tax NPV ($M)

 

$316.7

 

Post-Tax IRR

 

 

19.3%
 

Post-Tax Payback (Yrs)

 

4.0

 

 

 

 

 

 

MgO Cash Cost (CAD $/tonne)

 

$350.0

 

MgO Cash Cost incl. Sustaining Capital (CAD $/tonne)

$351.3

 

 
The PEA mine plan and economic model include the use of inferred resources which are considered to be too speculative to be used in an economic analysis except as permitted by NI 43-101 for use in PEA's. There is no guarantee that inferred resources can be converted to indicated or measured resources and, as such, there is no guarantee that the project economics described herein will be achieved. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

 

CAPITAL AND OPERATING COSTS SUMMARY

Capital Cost

Pre-Production ($M)

Sustaining/Closure ($M)

LOM $M

 

 

 

EA, Permitting, Basic Engineering

6.8

0.0

6.8

 

Capitalized Stripping - Waste

0.5

0.0

0.5

 

Capitalized Stripping - Organics

0.3

0.0

0.3

 

Mine Site & Development

1.5

0.0

1.5

 

Plant Site (Cranbrook, BC Property)

 

3.8

0.0

3.8

 

Process Plant

 

37.7

0.4

38.1

 

MgO Calcination

 

108.7

0.4

109.1

 

EPCM

 

 

14.4

0.0

14.4

 

Indirects

 

 

15.9

0.0

15.9

 

Reclamation/Closure

0.0

2.5

2.5

 

Owners Costs

 

7.1

0.0

7.1

 

Subtotal

 

 

196.6

3.3

199.9

 

Contingency

 

39.3

0.7

40.0

 

Total Capital Costs

235.9

3.9

239.8

 

 
Operating Costs Summary

 

 

 

Cost

 

 

 

$/t Processed

LOM $M

$M/a

Mining‡

 

 

30.30

237.7

13.2

Transport from Mine to Plant 

43.95

344.7

19.2

Processing + G&A

 

62.06

486.8

27.0

Total

 

 

136.31

1,069

59.4

‡Mining Cost is based on $8.82/t mined

 
Project Description

The Driftwood Creek Project is located in the southern British Columbia (BC), Canada. The mine site property is located approximately 210 km northwest of Cranbrook, BC. Infrastructure currently exists in the form of paved highways and forest service roads, a CPR spur line (at Brisco, BC), and a major power line within 15 km of the property. The plant will be located in Cranbrook, BC, where all mineralize run-of-mine (ROM) material will be hauled and processed.

 

Mining is via conventional quarry pit methods. Mining will be contracted so no capital is included for mining equipment; instead a contractor mining quote was used as the basis for mining costs. Mining costs were calculated from first principles based on equipment required and include pit and dump operations, supervision and technical services, and fuel costs.

 

Processing will be a conventional crushing, grinding, flotation upgrading, calcination, and sintering to produce a saleable DBM product.

 

Transportation of mineralized run-of-mine (ROM) material will be hauled via a 40-tonne highway truck from the mine to plant site located in Cranbrook, BC. No capital is included for highway trucks; instead contractor haul quote was used as the basis for the transportations costs which includes fuel and ROM loading.

 

Mineral Resource Estimate
The Mineral Resource has been prepared by Tuun Consulting Inc. (Tuun) based upon forty-nine (49) diamond drill holes, the twenty-five percussion (25) blast holes used for the bulk sample, and 45 magnesite surface samples. This resource estimation was completed by Allan Reeves, P. Geo., an independent qualified person as defined in NI 43-101. The effective date of the resource statement is December 31st, 2016.

 

The resources estimated are considered a reasonable representation of the Driftwood Creek Magnesite Project at the current level of prospecting and sampling. The estimate follows the CIM Definition Standards for Mineral Resources and Mineral Reserves (as adopted by CIM Council on May 10th, 2014).

 

The tonnage and grades of the Driftwood Creek Project mineral resource at a 42.5% MgO cut off are shown in the table below:

Class

Tonnes 
(‘000s)

MgO
(%)

Al2O3
(%)

CaO
(%)

Fe2O3
(%)

SiO2
(%)

LOI
(%)

Measured

4,702.7

43.31

1.01

0.95

1.29

5.06

47.83

Indicated

3144.4

43.22

1.00

1.05

1.42

4.67

47.99

M&I

7,847.1

43.27

1.00

0.99

1.35

4.90

47.89

Inferred

55.8

42.95

0.93

0.66

1.43

6.07

47.46

Notes and assumptions:

  1. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.  There is no certainty that all or any part of the mineral resources estimated will be converted into Mineral Reserves.

  2. The Lerchs-Grossman (LG) constrained shell economics used a mining cost of US$8.82/t, processing+ g&a costs of US$106/t, and a commodity price of US$600.00/t 95%MgO DBM.

  3. Mineral resources are reported within the constrained shell, using a cutoff grade of 42.5% MgO (based on a 20-year LOM) to determine “reasonable prospects for eventual economic extraction.”

  4. Mineral Resources are reported as undiluted

  5. Mineral Resources were developed in accordance with CIM (2010) guidelines

  6. Tonnages are reported to the nearest kilotonne (kt), and grades are rounded to the nearest two decimal places

  7. Rounding as required by reporting guidelines may result in apparent summation differences between tonnes, grade, and contained metal.
    M&I = Measured and Indicated.

Mine Development and Operations
The proposed project concept is to develop a green-fields DBM deposit with conventional quarry mine with 1200 tonne per day ("tpd") ROM hauled to the plant site, located in Cranbrook, BC.

 

All mining operations (drill, blast, load and haul) will be done by contractors. Also, the mineralized ROM haul and loading will be completed by contractors.

 

The PEA forecasts a 19 year mine life and a LOM strip ratio (the ratio of rock to mineralized material) of 2.4 to 1. A total of 7.84 million tonnes of mineralized resource could be mined and processed with 19.174 million tonnes of rock material which includes 60,000 tonnes of capitalized rock.

 

Metallurgy and Processing
Mineralized material will undergo crushing, grinding, flotation upgrading, calcination, and sintering to produce a saleable dead burned magnesium (DBM) product.  The plant will also have the ability to produce caustic calcined magnesia (CCM) as a separate product.

 

Mill throughput is designed at 1200 tonnes per day. The plant is expected to achieve an average recovery of 90 percent with a magnesium oxide (MgO) purity of 94.6 percent. The DBM product will be bagged and transported to market for sale as a powder.

 

Dewatered tails will be trucked back to the mine site quarry for dry stacking in a tailings storage facility.

 

Environment, Permitting and Corporate Social Responsibility
The project area is not within a known environmental protection area. Formal environmental baseline and social impacts studies have not been initiated but will be required to obtain the environmental permits for future mining operations.

 

PEA Contributors
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed by the following Qualified Persons:

Allan Reeves P.Geo., Tuun - Geology and Mineral Resource Estimation

Antonio Loschiavo, P.Eng., AKF – Mining, Infrastructure, Environmental Studies, Permitting, Social & Economics

Matt R. Bender, P.E., Samuel Engineering – Metallurgical and Recovery Methods

 

The authors of the PEA have approved the disclosure of the scientific or technical information contained in this news release.

...click here for full copy from source

 

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Excerpt of recent (March 8, 2018) news release from MGX:

 

MGX Minerals Announces Engagement of Dr. James G. Blencoe to Develop a Thermochemical Process for Extracting Lithium from Spodumene; Case Lake Lithium Project Drill Core to be Tested

 - Click here for full copy from source

 

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Excerpt of recent (Feb. 23, 2018) news release from MGX:

 

MGX Minerals to Proceed with Hydrogen Gasification and Battery Metals Extraction from Petroleum Coke; Receives Initial Vanadium Nickel Cobalt Assay Results

 - Click here for full copy from source

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Excerpt of recent (Feb. 22, 2018) news release from MGX:

 

MGX Minerals Announces Completion of 3,000 Metre Drill Program at Case Lake Lithium; 8,000 Metre Spring Drill Program Planned

 - Click here for full copy from source

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Excerpt of recent (Feb. 14, 2018) news release from MGX:

 

MGX Minerals Commences Lithium Brine Testing in Chile; Multiple Projects to be Evaluated

...click here for full copy of release from source

 

 

  

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URL(s).

 

 

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