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Orbite to Announce Preliminary Economic Assessment for the Planned Metallurgical Alumina Plant in Gaspesian Region of Quebec
Edited by : AL CIRCLE
1 min read
Orbite Aluminae Inc. will announce the results of the preliminary economic assessment (PEA) prepared by Genivar Inc. for its planned metallurgical grade alumina plant, on Tuesday morning November 29, 2011.
The Company will host a webcast conference call on Tuesday, November 29, 2011 at 10:30 AM EST where senior management will discuss the results of the PEA.
Orbite owns 100% of the mining rights on approximately 6,400 hectares of a Grande-Vallee property, the site of an aluminous clay deposit located 23 km to the south of Grande-Vallee, and a 2 600 sq. m. full scale pilot plant in Cap Chat, in the Gaspe region. The NI 43-101 report issued in August 2011 has identified an Indicated Resource of about 1 billion tonnes of aluminous clay in part of the deposit. The Company also owns the intellectual property rights to a unique Canada and U.S.-patented process for extracting alumina from aluminous ores and for which patents are also pending in other countries.
The Company will host a webcast conference call on Tuesday, November 29, 2011 at 10:30 AM EST where senior management will discuss the results of the PEA.
Orbite owns 100% of the mining rights on approximately 6,400 hectares of a Grande-Vallee property, the site of an aluminous clay deposit located 23 km to the south of Grande-Vallee, and a 2 600 sq. m. full scale pilot plant in Cap Chat, in the Gaspe region. The NI 43-101 report issued in August 2011 has identified an Indicated Resource of about 1 billion tonnes of aluminous clay in part of the deposit. The Company also owns the intellectual property rights to a unique Canada and U.S.-patented process for extracting alumina from aluminous ores and for which patents are also pending in other countries.
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