Huandot Magnesite Deposit EL 27724, 2013 Annual Report for period 7 May 2012 to 6 May 2013

Abstract

On 15 January 2013 Thessally was granted the renewal of EL 27724 for a two year period until the 6 May 2014. In this first year of the renewal period a field program to allow assessment of the critical issues identified during the concept study was completed. Magnesite samples were collected to verify historic results and product specifications. The results of the test work verified the suitability of the material for the production of; Dead Burned Magnesite (DBM), a feed for caustic calcined magnesia and magnesium metal. The availability of positive and up to date results has also led to the renewed marketing of the Huandot magnesite to potential end users. The marketing effort is ongoing and is also being use as a method to gauge future development potential. To assist with the marketing component of the magnesite products a data room was developed and it contained initial pre-feasibility information to enable the distribution of information on the magnesite project.