25% of US needs is HUGE !!9 Feb 2018 12:32
UK-based Tertiary Mining #TYM is developing a mine in Nevada where the company has 2,500 acres under license.
There is 86 million tonnes of ore in this deposit, at 10% head grade, although it is believed that there are higher grades further down.
The company expects it will be able to produce in excess of 100,000 tpy of fluorspar when operational within the next five years, although this is subject to production costs, market status and offtake agreements.
This equates to around 25% of current US demand, and a few percentage points lower than that once the supply reaches the market accounting for growth in demand. That said, the company plans to export its material, it said, and has evaluated the potential for exporting to Asia from San Francisco, California.