RE: complete write up23 Mar 2018 09:35
2) ​
Fluorspar � Principal Uses
There are two principal commercial grades of fluorspar produced:
Metallurgical-spar (60-96% CaF2)
Acid-spar (+97% CaF2)
Metallurgical-spar accounts for approximately 35-40% of the total fluorspar production with the principal applications being:
Steel production � used as a flux to lower the melting temperature and increase the chemical reactivity to help the absorption and removal of sulphur, phosphorus, carbon and other impurities in the ****
Cement � used as a flux to speed up the calcination process and enables the kiln to operate at lower temperatures
Acid-spar, the grade of fluorspar which the Company is planning to produce, accounts for approximately 60-65% of total fluorspar production with the principal applicationsbeing:
Aluminium production � used to produce aluminium fluoride (ALF3) which acts as a flux to lower the bath temperature in the manufacture of aluminium
Manufacture of hydrofluoric acid (HF) � the primary source of all fluorochemicals (the single largest consumer of fluorspar), with a wide range of applications including:
Fluorocarbons, e.g. refrigerant gases, propellants, etc
Electrical and electronic appliances
Metallurgical industry (extraction, manufacture and processing)
Lithium batteries
Pharmaceuticals, polymers and agrochemicals
Petrochemical catalysts
Fluorspar � Production, Consumption and Price Trend
The current global production of fluorspar is approximately 5.7-6.0 million tonnes per year:
Major producing regions: China (>50% of the world�s production); Mexico; Mongolia/CIS; S Africa
Major Consuming regions (highest to lowest): China; North America; Europe;Mexico; Russia
In 2017 prices for acid-spar havestarted to recover in China, export price for acid-spar (FOB China) is a traditional benchmark price and is currently published as US$400-420/tonne (Industrial Minerals Magazine)
USA imports 100% of its fluorspar
North America and Europe face the potential risk of security of supply
Fluorspar is classified as a critical raw material by the European Commission � high risk of supply shortage and consequent impact on the economy
Project 1 � Storuman fluorspar Sweden 100%
http://www.tertiaryminerals.com/projects/fluorspar-projects/storuman
Excellent location and infrastructure, adjacent to the main E12 highway, Storuman town and new bulk rail terminal 25 km road and rail linked
Post Scoping Study Key Developments
46 diamond core drill holes
28% increase in Mineral Resource compared with Scoping Study JORC Classified
27.7m Tonnes JORC Mineral Resource Estimate
25 year Exploitation (Mine) Permit company remains hopeful of a positive resolution in 2018 and the original Mine Permit application and EIA prepared by Tertiary is of a very high standard.
Project 2 � Lassedalen fluorspar Norway 100%
http://www.tertiaryminerals.com/projects/fluorspar-projects/lassedalen