Korab Resources - Critical Minerals Mining Company

$KOR = world’s best #magnesium deposit, #phosphate rock, #gold, #silver, #REO, #gallium, #scandium, #nickel, #cobalt, #copper, #tin, #lead, #zinc.

[Korab Resources - Critical Minerals Mining Company @KorabResources]

#Gallium, and #REO discovered at Rum Jungle. For more details see the following report at https://t.co/wnocrfsKXm

[Korab Resources - Critical Minerals Mining Company @KorabResources]

@KorabResources is continuing #lithium and rare earth oxides review of Batchelor and Green Alligator Projects and a scoping study into #magnesium production using sustainable, environmentally friendly method. Results are expected to be reported in 2023.

[Korab Resources - Critical Minerals Mining Company @KorabResources]

@KorabResources $KOR report regarding #lithium at Korab’s Batchelor project near major lithium projects held by Ragusa $RAS, Core Lithium $CXO, Lithium Plus $LPM

[Korab Resources - Critical Minerals Mining Company @KorabResources]

Average actual export prices paid for Chinese #magnesium from January to June 2022 were much higher than the officially reported Chinese #magnesium prices. Export prices paid from January to June 2022 averaged US$6561, US$6878, US$6913, US$6788, US$6493 and US$5823 respectively.

[Korab Resources - Critical Minerals Mining Company @KorabResources]

As COVID-19 lockdowns in China (world’s largest #magnesium producer) begin to affect supply, $KOR, $KOR.AX Korab receives LOI from Speira (operator of world’s 2 largest aluminium alloy mills) to buy magnesium metal from Korab’s Winchester Project (world’s best magnesium deposit).

[Korab Resources - Critical Minerals Mining Company @KorabResources]

@ShovelStocks Thank you for this opportunity to talk about the Winchester #magnesium project, it’s economics, and the magnesium market.

[Korab Resources - Critical Minerals Mining Company @KorabResources]

#Magnesium is the 2nd best performing metal rocketing 175% YoY (1st is nickel, 198% up YoY). $KOR $KOR.ax with market cap of $17 Mln is developing worlds best magnesium deposit 65km from Darwin. Scoping study estimates annual gross profit of $230 Mln - $235 Mln and NPV of $1 Bln

[Korab Resources - Critical Minerals Mining Company @KorabResources]

As #magnesium supply risks increase with Russia, China, Iran,and Kazakhstan producing over 90% of global magnesium, $17mln market cap $KOR $KOR.AX releases scoping study to produce 50,000 tonnes of magnesium per year generating annual profit of $230 mln with NPV of $1 billion.

[Korab Resources - Critical Minerals Mining Company @KorabResources]

As #magnesium prices in China shot up again to AU$10,444/t (CNY47,000/t) on increased buying by downstream users and traders over the weekend, $KOR, $KOR.AX is to release results of scoping study into production of #Magnesium metal at Winchester project just 65km from Darwin

[Korab Resources - Critical Minerals Mining Company @KorabResources]

#Magnesium was the second best performing metal in 2021 (after lithium) due to Chinese production cuts and increasing demand from car makers.
$KOR $KOR.AX @KorabResources is to report shortly the results of #magnesium production scoping study.

[Korab Resources - Critical Minerals Mining Company @KorabResources]

⁦@KorabResources⁩ $KOR #cobalt anomalies discovered by drilling at Batchelor project.

[Korab Resources - Critical Minerals Mining Company @KorabResources]

Geology of $KOR $KOR.AX Batchelor project

[Korab Resources - Critical Minerals Mining Company @KorabResources]

⁦@KorabResources⁩ Quarterly Report for the period ended 31 December 2021 https://t.co/VvBZPWHQ9x

[Korab Resources - Critical Minerals Mining Company @KorabResources]

$KOR $KOR.AX lodges Quarterly Activities Report. Magnesium study results to be released shortly.

[Korab Resources - Critical Minerals Mining Company @KorabResources]

As European magnesium users are threatened by persistent magnesium shortages $KOR $KOR.AX is developing world’s best Winchester magnesium project located near the port of Darwin and easy access to Europe. https://t.co/5hQncKcdva

[Korab Resources - Critical Minerals Mining Company @KorabResources]

@HC_Muscleman $KOR $KOR.AX will commence mining at the high-grade Winchester #magnesium deposit (which is located a short drive from Darwin Port) within few months after all permits have been received by @KorabResources Group. Massive magnesite is covered by just few meters of clay and gravel.

[Korab Resources - Critical Minerals Mining Company @KorabResources]

As #magnesium price hits AU$11,590/t (CNY53,000) on further Chinese production cuts and stronger European demand $KOR $KOR.AX is developing high-grade Winchester #magnesium deposit located an hour’s drive from Darwin Port and easy access to European, Asian and US export markets.

[Korab Resources - Critical Minerals Mining Company @KorabResources]

$KOR, $KOR.AX Winchester #magnesium deposit JORC compliant (2004) mineral resource contains about 4,330,000 tonnes of pure magnesium metal, enough to supply 200,000 tonnes of magnesium metal per year for 20 years securing the critical metal for global automakers and other users.

[Korab Resources - Critical Minerals Mining Company @KorabResources]

As #magnesium price rallies to US$8,125 (CNY51,750) per tonne on further Chinese production cuts, $KOR, $KOR.AX is working quietly to become worlds biggest magnesium producer by developing its 17 million tonnes Winchester deposit located just an hour’s drive from Darwin Port.

[Korab Resources - Critical Minerals Mining Company @KorabResources]

Winchester magnesium mine and processing plant layout.