Summary of CRE as told by MGMT
posted on
Jul 29, 2011 11:49AM
Create shareholder value by acquiring projects that can be put into production within a short time frame.
Critical Elements Corp. (CRE TSX-V)
Shares Outstanding: 110 MM
Management ownership: 12MM
Market Cap: $22 MM
Cash: $5MM
Web site:www.cecorp.ca
NEW World Class Deposit in Quebec
NI 43-101 Indicated resource 26.5MM tonnes @ 1.30Li2O EQ + Inferred 10.7MM tonnes @ 1.14% Li20 EQ
Highlights:
Ø Large sub-surface deposit, outcrop surface with a small 12% decline:
Ø Open-pitable deposit with low strip ration
Ø Low cost mining
Ø High value per tonne deposit compare to its peers
Ø Key management with 17 mines start- up track records (TECK, Pan American Silver & Golden Star)
Ø Click for:3D resource model
Upcoming Q2-Q3
Ø Metallurgy Li2O & Ta2O5recovery results
Ø Pea & Pre-feasibility study
Ø Project location: Quebec, 75Km due south of Goldcorp’s Eleonore Gold Deposit
Ø Infrastructure: Road access and Power line on the property
Ø 181 holes Drilled to date and 139 included in Resource Calculation (Next resource will include balance of drilling)
Ø Mineralization outcrop at the surface
Advancing Project toward Production and targeting project financing in Q4 2012
Ø Management is aggressively moving project toward production
Ø New resource to come by Innovexplo
Ø Environmental by Genivar
Ø Pre-feasibility study commissioned to Genivar
Ø Metallurgical test by Acme Met Ltd
Management:
Jean-Sébastien Lavallée,President & CEO
Mr. Lavallée has been active in mining exploration since 1994. He is the vice president of Consul-Teck Exploration Inc., a consulting firm of Val-d`Or founded in 2003 that specializes in mining exploration in northern areas. Mr. Lavallée has acted as a geologist for many companies, including Eloro Resources Ltd., Uracan Resources Ltd., Agnico-Eagle Mines Ltd., Noranda Minerals Inc., Champion Minerals Inc., Matamec Explorations Inc. and Argex Mining Inc.
Michel Robert,M.A.Sc.Eng,Director
Mr. Robert has over 40 years of mining industry experience in engineering, operations management. He has been responsible for operations of mining companies in both North and South America, including Niobec, Highmont, Tintaya, La Coipa, Quiruvilca, Huaron. He has been a director or senior executive of private and public companies such as SNC, Golden Star, Pan American Silver, H.A.Simons Int’l, Aley Corporation, as well as acting as a technical advisor for companies involved in gold, copper, silver, tantalum, niobium and iron.