Mineral sands experts appointed to assist in Pituffik assessment
- FinnAust Mining reports that it has appointed the independent experts, Mr Peter Waugh and TZ Minerals International (TZMI) to assist it in assessing the near-term production potential of its recently acquired Pituffik Titanium Project in Greenland.
- TZMI is “a recognised leader in the provision of accurate & up to date technical, engineering and marketing support within the mineral sand industry”. They are to focus, in the first instance, on “grade, volume and composition to create cost effective development scenarios that can be assessed by the company and potential investors.”
- Mr Waugh “has broad industry management experience as well as valuable knowledge of the international titanium dioxide pigment industry and will assist with end user & off-take agrements as well as timely metallurgical management and advice.”
Conclusion: Since announcing the acquisition of the Pituffik project in December, FinnAust has moved ahead with geological sampling and profiling the bathymetry of the offshore parts of the licence which is understood to contain high grade ilmenite at relatively shallow depths. The strengthening of the metallurgical and mineral marketing expertise available to FinnAust Mining should help to accelerate the project and identify potential routes to market
* SP Angel acts as nomad and broker to the company
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