Highlights

EcoPhoenix have two licences that hold excellent potential for the extraction of industrial and energy minerals, in particular, niobium, uranium and cryolite. Investigation by independent consultants,CSA Global has revealed that:

There is an ‘exciting niobium, uranium and cryolite opportunity at Kaffo Valley with a potential local market for cryolite.’

‘Historic sampling of the Kaffo granite has returned grades of up to 0.45% Nb2O5.’

‘Based on the assessment of British Geological Survey data, there is potential for discovery of an economic orebody of greater than 40mt.’

A conceptual discounted cash flow model generated from these theoretical data by CSA Global predicts an NPV of US$776 million at a production rate of 2mt/y over 20 years is possible.

CSA Global, Information Memorandum March 2009