(via NewsDirect)
Bunn said the findings highlight the project’s potential, particularly its unique position in the titanium market. A significant discovery is the high concentration of titanite, a calcium titanium silicate, which constitutes about two-thirds of the titanium dioxide in the deposit. This is unusual as titanite typically makes up only a small fraction of a deposit’s composition.
Bunn said the presence of titanite simplifies the mining and processing phases due to its non-refractory nature, allowing for low-cost and efficient extraction and processing methods, including a simple leaching process to produce titanium dioxide.
Moreover, current market dynamics could significantly enhance the economics, aiming to produce a product that could potentially fetch a much higher market price compared to conventional sources.
Bunn outlined the next steps for development, including the recruitment of industry experts and plans for a demonstration plant in 2025.
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