Fortune Minerals - Kobalt, Wismut, Gold + Kohle (Seite 16)

[Popeye82]

Fortune - Federal Budget Provides $11 Million to Streamline Northern Regulatory Regime - Mar 5, 2010
www.fortuneminerals.com/Theme/Fortune/files/doc_news/Chamber…

[Picker56 [KommA]]

Hallo popeye82,

ohne jetzt alles durchackern zu müssen - gibt es irgend eine Zeitschiene bis wann man die Finanzierung abgeschlossen haben will ?

Ist ja ne Menge cash das sie brauchen und trotz aller Werthaltigkeit der Bodenschätze sicher nicht leicht zu arrangieren.

Wäre interessiert an deiner Einschätzung, da du den Wert sicher in guter Beobachtung hast.

Picker56

[Popeye82]

Fortune Minerals announces appointments for Senior Metalurgist and SMPP Permitting Consultant - Feb 2, 2010
www.newswire.ca/en/releases/archive/February2010/02/c5812.ht…

"TORONTO, Feb. 2 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune Minerals" or "the Company") is pleased to announce the appointment of Mr. Jared Orynik, P.Eng, as Senior Metallurgist for the Company's proposed Saskatchewan Metals Processing Plant ("SMPP") to be built near Langham, 30 km west of Saskatoon. Fortune Minerals' SMPP will use modern hydrometallurgical process technologies to treat bulk concentrates from the Company's wholly-owned NICO mine in the Northwest Territories to produce high value metal products, including gold, as well as cobalt, bismuth and copper cathodes. The NICO mine and concentrator is currently undergoing the second half of an Environmental Impact Assessment in the Northwest Territories, and the SMPP is undergoing a separate concurrent permitting process in Saskatchewan.

Jared Orynik is a metallurgical and materials engineer, who brings additional hydrometallurgical expertise to Fortune Minerals to augment the Company's existing team of in-house process and mining engineers and expert consultants. Jared was recently employed as a Senior Production Engineer at Teck Resources' metallurgical complex at Trail, B.C., where he worked in metal leaching and electro-winning operations similar to the process technologies that will be employed at Fortune Minerals' SMPP. Jared also has key plant commissioning experience as part of Teck's startup of the Pogo Gold Mine in Alaska. Originally from Prince Albert, Saskatchewan, Jared is a graduate of Materials Engineering at the University of Alberta. He is pleased to be back in his home province as a member of the Fortune Minerals management group based in Saskatoon as the Company advances its vertically integrated NICO gold-cobalt-bismuth-copper development toward commercial production.

Additionally, Fortune Minerals announces that it has engaged MDH Engineered Solutions Corp. ("MDH") to complete the geotechnical, hydrogeological, and environmental programs required for the permitting, construction and operation of the Company's SMPP following a competitive selection process. MDH will conduct soil investigations and geotechnical design for the plant foundations and the construction of earthworks for the storage ponds and residue storage facilities for the SMPP. Hydrogeological studies are being conducted for groundwater characterization and flow modeling for plant water supply, and for the impact assessment for permitting. Baseline environmental surveys are also being conducted for heritage resources, climate, soil conditions, vegetation, wildlife and hydrology to support permitting. Based in Saskatoon, MDH has a 30-year history of providing geotechnical, hydrogeological, and environmental consulting services for large industrial clients in the mining and petrochemical industries in western Canada.


About Fortune Minerals:

Fortune Minerals is a diversified natural resource company with several mineral deposits and a number of exploration projects, all located in Canada. They include the Mount Klappan anthracite coal deposits in British Columbia, and the NICO gold-cobalt-bismuth-copper deposit, the Sue-Dianne copper-silver deposit and other base and precious metals exploration projects in the Northwest Territories. Fortune Minerals owns the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled for relocation to NICO. Fortune Minerals is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects. "

[Popeye82]

Antwort auf Beitrag Nr.: 38.798.483 von Popeye82 am 23.01.10 19:41:50

"OBJECTIVES FOR 2010

NICO Objectives
+ Complete NICO debt facility with BNP Paribas

+ Complete environmental assessment &permitting

+ Complete purchase of site for Saskatchewan Metals Processing Plant
+ Complete agreements with Tlicho Government

+ Complete front-end engineering &commence equipment procurement

+ Refurbish Hemlo equipment for relocation to NICO

+ Retain construction manager &contractors

Mount Klappan Objectives
+ Complete joint venture, sale or partnering transaction

Corporate Objectives
+ Assess options for Company’s share of NICO financing – proceeds from Klappan transaction – gold sale – traditional equity – joint venture – M&A

+ Continue building management team for operations "

[Popeye82]

Presentation - Jan10
www.fortuneminerals.com/Theme/Fortune/files/doc_presentation…

[Popeye82]

"Dundee puts Fortune on watch list - Jim1712 - Jan 23, 2010
We are adding Fortune to the Mineral Exploration Watch List. Fortune is focused on the development of mineral projects in Canada. The company has three advanced-stage projects, including the NICO gold-cobalt-bismuth-copper deposit and the smaller Sue-Dianne copper-silver-gold deposit in the Northwest Territories and the Mount Klappan anthracite coal project in British Columbia.

Fortune's most advanced project is NICO, which has seen significant development work, including a feasibility study and a test mining program. Fortune has purchased the Golden Giant Mill, which will be refurbished and brought to the NICO site. Fortune anticipates receiving final permits in late 2010 or early 2011, and the company currently expects to begin production in 2012.

The feasibility study completed on NICO suggests the project has a net present value that far exceeds the company's current market cap.

Mount Klappan hosts one of the largest undeveloped anthracite coal deposits in the world. It also has seen significant work, including a test mining program that produced more than 200,000 tonnes of coal for processing in a pilot plant at the site. Mount Klappan is in the environmental permitting process, and Fortune is seeking to bring in a partner to develop the project.
www.stockhouse.com/bullboards/MessageDetail.aspx?p=0&m=27856… "

[zopa]

Ich bin denen aus 2erlei Gründen auf den Wecker gegangen:

1. Weil mein Depot dann schöner aussieht (kann nicht anders )
2. Vielleicht steigen jetzt die Umsätze,sind ja nicht alle potentiellen Investoren bei online-Brokern.

[Popeye82]

Antwort auf Beitrag Nr.: 38.782.954 von zopa am 21.01.10 15:59:15

Hallo Zopa,

Ich denke Du kaufst an der Heimatbörse(würde ich ja dann auch dabei belassen)?


Zu Fortune -dann schauen wir mal, was für ein Paket uns die BNP Paribas zusammenschnüren kann. Der ausstehende Beschluss zur geänderten Gesetzgebung der Regierung von Saskatchewan dürfte auch noch wichtig sein.

Gruß
Popeye

[zopa]

Es ist geschafft ! Vielleicht hat meine ständige Nerverei geholfen, dass die Aktie neben Berlin endlich auch in Frankfurt gelistet ist.

Die Preisstellung in Berlin war ja unerträglich.

[Popeye82]

Fortune Minerals announces significant increase in NICO project mineral reserves - NW, LONDON - Jan 14, 2010
www.newswire.ca/en/releases/archive/January2010/14/c8478.htm…

"LONDON, ON, Jan. 14 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune Minerals" or the "Company") is pleased to announce a new mine plan and a 43% increase in the mineral reserves for its 100% owned NICO gold-cobalt-bismuth-copper project in the Northwest Territories, Canada. The update, prepared by P&E Mining Consultants Inc. ("P&E"), has increased the proven and probable mineral reserves for NICO to 31 million tonnes from the 21.8 million tonnes established previously in the 2007 definitive feasibility study for the project (updated in 2008) by Micon International Limited ("Micon") (see Fortune Minerals news releases, dated January 16, 2007 and May 8, 2008). The new mine plan and larger mineral reserves will extend the operating life of the NICO mine and process plant from 15 to 18 years at a higher, 4,650 tonnes per day production rate, and positively impact project economics.


Highlights of the Updated NICO Mine Plan and Mineral Reserves:

+ 43% increase in Proven and Probable Mineral Reserves to 31 million tonnes;

+ Increase in contained metals:
- Gold content increased by 147,000 ounces to 907,000 ounces;

- Cobalt content increased by 21 million pounds to 82 million pounds;

- Bismuth content increased by 32 million pounds to 109 million pounds;

- Copper now included in reserves and totals 27 million pounds;


+ Gold is now the largest projected source of revenue for the project during the first two years of operations at current metal prices;

+ Reserves contain 4.9 million ounces gold equivalent at metal price assumptions used in study;

+ Mine life increased from 15 to 18 years;

+ Identification of 6.5 million tonnes of additional marginal sub-economic mineralized material to be stockpiled for potential future processing;

+ New open pit mine plan reduces initial capital by eliminating 10 million tonnes of waste pre-stripping;

+ New underground mine plan lowers mining costs with greatly reduced backfill requirements;

+ Includes higher metal recoveries verified from pilot plant:

+ Gold recovery is 56% to 84%, averaging 72%, depending on head grade;

- Cobalt recovery of 83%;
- Bismuth recovery of 70%;
- Copper recovery of 52%;

- 16% increase in mill throughput to 4,650 tonnes per day;
- Operating costs reflect processing of concentrates to metals in Saskatchewan.


NICO is a proposed vertically integrated project to mine and concentrate ores from the Company's deposit in the Northwest Territories ("NWT"), located 160 km northwest of the City of Yellowknife and 50 km north of the Tlicho community of Whati. Bulk concentrates produced at the mine will be transported by truck and then rail for delivery to the refinery that the Company plans to construct in Saskatchewan for processing to high value metal products. Fortune Minerals has an agreement to purchase the site for this Saskatchewan Metals Processing Plant ("SMPP") located 26 km west of Saskatoon, subject to certain conditions, including appropriate re-zoning and completion of satisfactory due-diligence currently being conducted.


NICO Mineral Reserves:

The updated mineral reserves for the NICO deposit are compiled in the following tables:

Underground Mineral Reserves
----------------------------

-------------------------------------------------------------------------
Class Tonnes Au (g/t) Co (%) Bi (%) Cu (%)
-------------------------------------------------------------------------
Proven 1,403,000 2.23 0.16 0.22 0.04
-------------------------------------------------------------------------
Probable 767,000 2.92 0.17 0.19 0.03
-------------------------------------------------------------------------
Total 2,170,000 2.47 0.16 0.21 0.03
-------------------------------------------------------------------------



Open Pit Mineral Reserves
-------------------------

-------------------------------------------------------------------------
Class Tonnes Au (g/t) Co (%) Bi (%) Cu (%)
-------------------------------------------------------------------------
Proven 15,019,000 0.85 0.12 0.16 0.04
-------------------------------------------------------------------------
Probable 13,797,000 0.71 0.12 0.15 0.03
-------------------------------------------------------------------------
Total 28,816,000 0.79 0.12 0.15 0.04
-------------------------------------------------------------------------



Combined Mineral Reserves
-------------------------

-------------------------------------------------------------------------
Class Tonnes Au (g/t) Co (%) Bi (%) Cu (%)
-------------------------------------------------------------------------
Proven 16,422,000 0.97 0.12 0.16 0.04
-------------------------------------------------------------------------
Probable 14,564,000 0.83 0.12 0.15 0.03
-------------------------------------------------------------------------
Total 30,986,000 0.91 0.12 0.16 0.04
-------------------------------------------------------------------------
Contained 907,000 82 million 109 million 27 million
Metal ounces pounds pounds pounds
-------------------------------------------------------------------------

In addition to the mineral reserves, there are 6.5 million tonnes of marginal sub-economic material that will be mined and stockpiled for processing during periods of higher metal prices. This material has the potential to be processed at a profit and extend the mine life up to an additional 4 years.

The mineral reserves for the NICO deposit were updated in compliance with National Instrument ("NI") 43-101 and CIM guidelines by P&E using an updated resource model also prepared by P&E. The increase in the NICO reserves is a result of: a more efficient open pit and underground mine plan; increased mill throughput using equipment the Company already owns from its purchase of the Golden Giant Mine mill at Hemlo, Ontario; higher metal recoveries confirmed by the Company's pilot plant (see Fortune Minerals news releases, dated February 5, 2008 and February 24, 2009); and greater revenues using higher metal price assumptions and the production of some higher value metal products over those used in the Micon 2007 feasibility study and 2008 update.

The updated mineral reserves are based on operating cost net smelter return ("NSR") cut-off values that have been updated from recent front-end engineering and design studies. The C$48.07/tonne NSR open pit reserve cut-off was derived from a C$41.82/tonne processing cost and a C$6.25/tonne general and administration ("G&A") cost. The open pit unit rock mining cost for optimization, design and reserve delineation is C$2.59/tonne. The C$85.64/tonne NSR underground reserve optimization, design and reserve delineation cut-off was derived from a $37.57/tonne mining cost, a C$41.82/tonne processing cost, and C$6.25/tonne for G&A.

The metal prices and Canadian to US dollar exchange rates used in the updated mineral reserves are the 2-year trailing average adjusted downwards for certain metals to reasonable round values. They are: US$900/oz gold, US$20/lb cobalt, US$10/lb bismuth and US$2.75/lb copper at a Canadian$ to US$ exchange rate of C$1=US$0.92.

Eugene Puritch, P.Eng. and Fred H. Brown, CPG PrSciNat, both of P&E, are the Qualified Persons responsible for the updated mineral reserves as defined by NI 43-101.


Mining:

The NICO deposit will be mined primarily by open pit with the gold-rich, higher grade underground ores contributing mill feed during the initial 2 years of operations. Changes have been made to the mine plan to improve the economics during early years of production.

The underground part of the mine will be mined by retreat blast hole open stoping. The tonnage available from the underground part of the mine has been increased by 83% to 2.2 million tonnes as a result of higher projected revenues from higher metal prices and metal recoveries, and also from lower underground mining costs achieved by the significant reduction in the amount of back filling that will be required in mined out stopes. Gold-rich, higher grade ores from the underground part of the mine are now projected to contribute 60% of the mill feed at the higher 4,650 tonnes per day production rate, as compared to 30% of 4,000 tonnes per day in the Micon feasibility study. The greater amount of high-grade ores will increase the cash flow for the project during the first 2 years of the operation.

The open pit part of the mine will be a conventional truck and hydraulic shovel operation, accomplished in 4 phases at an average strip ratio of 3.4:1. The mine plan for the open pit has been re-scheduled with the identification of a low strip ratio starter pit. This, together with the greater availability of underground ores, allows the previously planned 10 million tonne waste pre-stripping program to be eliminated. This quantity of waste now becomes part of normal production stripping and can be financed from cash flow. This change also has the potential to defer the acquisition of some of the more expensive components of the mine fleet by 1 to 2 years.


Processing:

The NICO ore will be processed in 2 stages at the NICO site and SMPP, respectively. At the NICO site, 4,650 tonnes per day of ore will be processed in a crushing, grinding and flotation concentrator to produce approximately 180 tonnes of bulk concentrate per day. The high concentration ratio (low mass pull) of NICO ores is a significant economic attribute to the deposit, which allows the Company to transport a high-value concentrate to southern Canada where significant process cost savings can be achieved. Notably, a significant amount of the crushing, grinding and other equipment that will be required at NICO has already been purchased by Fortune Minerals from its acquisition and dismantling of the Golden Giant Mine mill at Hemlo, Ontario.

The NICO bulk concentrate will be transported by truck to Hay River, NWT for transfer to rail and delivery to the Company's proposed SMPP on the CN main line in Saskatchewan, located 26 km northwest of Saskatoon. At the SMPP, the bulk concentrate will undergo additional grinding and flotation to produce separate gold-bearing cobalt and bismuth concentrates, followed respectively by pressure acid leach and acid leach, hydrometallurgical processing, and then electro-winning to gold doré, 99.8% cobalt cathode, 99.5% bismuth cathode, 99.99% copper cathode and a nickel by-product.

The decision to move the downstream processing of metals to Saskatchewan was driven primarily by the availability of lower cost power and the proactive support of the Government of Saskatchewan, which has also proposed attractive tax legislation to encourage processing of raw materials that have been sourced from outside of the province. This legislation is expected to be passed in the spring of 2010 and will benefit NICO project economics.

The NICO project is in the second half of the environmental assessment process in the Northwest Territories to permit the mine and concentrator. Fortune Minerals is also working with the Tlicho and Northwest Territories Governments on making infrastructure improvements in the vicinity of the mine that will also improve the quality of life in nearby Tlicho communities.

Front-end engineering and design ("FEED") work is substantially complete for the NICO mine site and is nearing completion for the proposed SMPP in Saskatchewan. This work is being done by Aker Metals, a division of Aker Solutions Canada Inc., P&E, Golder Associates Limited, SGS Lakefield Research Limited, Faradelk Ltd., Dan Mackie and Associates, EHA Engineering Ltd. and Hydroproc. Updated economics for the NICO project will be announced upon completion of this work, targeting the second quarter of this year.

Concurrently with FEED, JDS Energy and Mining Inc., together with Tlicho Logistics, are reviewing NICO Constructability and logistics.

Fortune Minerals is very pleased to continue reporting operational improvements for the NICO project, including the new mine plan and updated mineral reserves that will extend the employment and economic opportunities for the project for the benefit of all stakeholders.


About Fortune Minerals:

Fortune Minerals is a diversified natural resource company with several mineral deposits and a number of exploration projects, all located in Canada. They include the Mount Klappan anthracite coal deposits in British Columbia, and the NICO gold-cobalt-bismuth-copper deposit, the Sue-Dianne copper-silver deposit and other base and precious metals exploration projects in the Northwest Territories. Fortune Minerals owns the buildings and equipment from the Golden Giant Mine at Hemlo, Ontario, which have been dismantled for relocation to NICO. Fortune Minerals is focused on outstanding performance and growth of shareholder value through assembly and development of high quality mineral resource projects.

The contents of this press release have been reviewed and approved by Eugene Puritch, P.Eng., President of P&E Mining Consultants Inc. and Robin Goad, P.Geo., President of Fortune Minerals Limited. "