Near-Term Manganese Production in Brazil
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Maxtech Ventures (CNSX:MVT, FWB:M1N, OTC:MTHEF) is focused on becoming a low-cost supplier of manganese to global markets including the agricultural, industrial and technology industries. The company’s growth strategy centers on acquiring and developing key projects in resource-rich regions including South America and Africa, and on also making strategic partnerships across the globe.
Maxtech’s flagship project is a large 40,000-hectare land package of manganese mineral claims in the State of Mato Grosso, Brazil. The state is home to a mining-friendly jurisdiction with a skilled-labor pool. Maxtech initiated Phase 1 exploration in March 2017 and is fast-tracking toward near-term production. Exploration and auger drilling on one of the four claims that form the property indicated a grade range of 51.4 percent to 55.9 percent manganese. Further exploration on the remaining three claims was announced in January 2018.
Maxtech’s manganese claims are located within 100 kilometers of one of the world’s highest producing soybeans regions. Brazil is responsible for 30 percent of global soybean production and is the world’s largest exporter of the crop. Manganese is an essential nutrient for soybean crops, representing a significant opportunity for the company to supply a domestic market within close proximity, lowering transportation costs as well. Fertilizer is just one possible market for manganese, the fourth most used metal in the world.
“The market for manganese is three-fold: in fertilizer, it is an essential nutrient in photosynthesis creating greener crops; for steel production in the creation of alloys; and of course in high-grade form it is becoming more prevalent in the battery market,” said Maxtech CEO Peter Wilson.
Alongside its presence in Brazil, Maxtech is also developing a position within the African manganese markets in Zambia and Morocco, engaging strategic regional partners to conduct due diligence on manganese properties. Maxtech is also forming a new division of the company, Maxtech Zambia, which will focus on the battery industry and be housed out of the nation’s capital.
The steel production industry remains the largest consumer of manganese; however, the battery industry is quickly becoming an important global market for high-grade manganese material. In the 3rd quarter of 2016, manganese appreciated in value more than 65 percent to an average of $2,350 per tonne and ranked second in appreciation among other metals associated with lithium-ion batteries. With its large property package containing high-grade manganese, Maxtech Ventures is well-positioned to take advantage of the growing lithium battery industry.
- Fast-tracking toward near-term production with exploration program underway.
- Manganese essential in three globally important markets: fertilizer; steel manufacturing; and the battery markets.
- Operating in mining-friendly jurisdiction of Brazil—leading global soybean exporter and significant market for manganese-enriched fertilizers.
- Large 40,000-hectare land package of high-grade manganese mineral claims located within 100km of the nation’s most important soybean producing region—representing near-term cash flow.
- Increasing presence in Africa through due diligence on projects in Zambia and Morocco
- Launching new division, Maxtech Zambia, to focus on the battery industry
- High-grade manganese essential for expanding battery markets; currently no large-scale production of high-grade manganese.
Flagship Focus: Large Land Package in Mato Grosse, Brazil
Maxtech’s goal is to become one of the largest explorers of high-grade manganese in Brazil. Maxtech Ventures is currently exploring a large land package of more than 40,000 hectares in the State of Mato Grosso, Brazil. The claims are all located within 80km of the regional service centre with access via all-weather roads connecting to the city of Juina. Manganese showings found on the claims appear to have indications of near surface colluvium clast bearings with the potential for larger, structurally -controlled hydrothermal vein systems hosted beneath the surface cover. The claims are permitted for exploration and available data indicates high quality mineralized materials that can be easily processed for use in a variety of industries including fertilizer, steel fabrication and LMC batteries.
To date, Maxtech has conducted an initial phase of exploration on the Mato Grosso mining claims, which included pitting and auger drilling as well as surface exploration. Results from the grab samples included a grade range of 51.4 percent to 55.9 percent manganese. Meanwhile the surface exploration highlighted previously undiscovered manganese-bearing clasts and cobbles. The company employs a low-cost, low environmental footprint exploration strategy. A research report was conducted in the area and a summary regional NI 43-101 technical report was completed in March 30, 2017.
In January 2018, Maxtech announced that further exploration activities would be conducted across the property so as to better understand the available resource.
Looking to expand its presence in the African continent, Maxtech also announced in February 2018 that it had engaged Zambia-based company, GeoQuest, to help them conduct due diligence on manganese mineralization zones in the country’s Central Province. A lucrative mining jurisdiction and host of multiple copper deposits, Zambia is considered to be one of the most favorable investment destinations in Southern Africa.
In February 2018, the company also announced that it was forming a new division, Maxtech Zimbabwe, which will focus on the battery industry.
Peter Wilson—CEO and Director
Peter Wilson has been the lead financier for public and private companies raising over $300 million worth of equity and debt financings in the mining and energy fields internationally during the last 20 years. An experienced corporate executive, he has extensive relationships in project acquisition, corporate structure and finance specializing in but not limited to the global resource sector. As president of Hana Mining Ltd based in Vancouver, Canada, he orchestrated the creation and discovery of a major copper/silver district in Botswana, Africa positioning Hana into a market capitalization of over $580 million dollars. Prior to these involvements, Wilson served as Vice President of Samoth Capital Corporation a $150 million TSE listed merchant bank involved in participating real estate lending and development throughout the southwestern United States and Canada.
Ryan Cheung is the founder and managing partner of MCPA Services Inc., chartered professional accountants, in Vancouver, B.C. Leveraging his experience as a former auditor of junior venture and resource companies, Cheung serves as a director and/or officer or consultant for public and private companies providing financial reporting, taxation and strategic guidance. He has been an active member of the Chartered Professional Accountants of British Columbia since January 2008.
John Harper—Consulting Geologist
John Harper is an international mineral exploration geoscientist and consultant with over 30 years industry experience in base and precious metals, manganese, uranium and diamond exploration. He is a member in good standing of the Association of Professional Engineers and Geoscientists of Alberta (APEGA) and Ontario (APGO). His international experience has taken him to projects throughout North America, Brazil and Africa. For the past several years, his expertise has taken him to Brazil where he has managed comprehensive exploration programs for Cancana’s manganese claims.
Meris Kott—President Commercial
Ms. Kott is a global consultant and business development specialist. She attends trade shows and global seminars forging strategic relationships for Maxtech worldwide. She is key to the mining operations of Maxtech and works closely with our teams. She has an economics degree from McGill University and a Design Engineering degree.
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