The Conversation (0)
MGX Minerals (CSE:XMG) is an industrial minerals focused company engaged in the acquisition, exploration and development of properties in Western Canada. MGX’s flagship project is its Driftwood Creek magnesite property in British Columbia. Two high-grade mineralized zones have been delineated at the property to date. Mineralization is characterized by low calcium content, which is incredibly […]
Why Invest In MGX Minerals?
- Ownership of the majority of known magnesite occurrences in British Columbia
- Historic inferred resource estimate of 22.5 million tonnes of magnesite at flagship Driftwood Creek property.
- Simultaneously moving forward with a resource estimate, metallurgy, permitting, exploration and acquisition of further properties
- Near term production with low capital development costs and a straightforward permitting process
- Rare low calcium deposit signalling greater amounts of high grade magnesium
- Long term vision involves maximizing dollars per tonne by developing vertically integrated value added opportunities.
- Magnesite recovery rates of 93.4% using conventional reverse flotation methods and removal of up to 70% of silica and 30% of calcium oxides
- Environmentally friendly operations – magnesite processing results in virtually no tailings
- Significant insider/management ownership of the company
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