Korab Resources Ltd is a diversified international mining and exploration company listed on Australian Securities Exchange (ASX code is KOR) with magnesium carbonate, phosphate, and silver/gold development projects in Australia and overseas. Korab also explores for cobalt, copper, nickel, gold, zinc and lithium in the Northern Territory and Western Australia.
Winchester magnesium deposit is operated by Korab's subsidiary AUSMAG PTY LTD. It is one of the best located magnesium deposits in the world. It has a mineral resource estimated at ~17 million tonnes of magnesite (magnesium carbonate) grading ~ 91% MgCO3 (43.2% MgO). This mineral resource estimate has been reported in compliance with the JORC Code (2004 edition). Winchester is located just 75 km south of the port of Darwin. Project is serviced by excelled infrastructure including, rail, sealed highway, gas pipeline, high voltage power and potable water. Magnesium carbonate is currently used primarily for production of refractory materials necessary for production of steel, cement, and glass. The potential game-changer for magnesium carbonate is the recent development of high-capacity, fast-charging, rechargeable magnesium-ion batteries. Commercialization of this new type of magnesium batteries is expected within 2 years. These batteries have achieved 5 times the volumetric energy capacity of the lithium-ion batteries and can be discharged and recharged up to 2,500 times. The primary markets for these new magnesium-ion batteries are the electric vehicle (EV) markets in the US, EU, China, and India.
Winchester deposit ...
Geolsec Phosphate Operations Pty Ltd (GEOLSEC) is the operator of the Geolsec phosphate mine located near Darwin in the Northern Territory. The Geolsec project has some of the best logistics and basic infrastructure of any rock phosphate project in Australia. The mine is located 2km from the town of Batchelor, approximately 70km south from the port of Darwin (capital of the Northern Territory). Geolsec mine is accessible all year round by sealed Batchelor Road. Geolsec is situated in close proximity (10km by sealed road) from Stuart Highway and the transcontinental railway line connecting Darwin with Adelaide (capital of South Australia) and with the national road and rail transport network which links Adelaide with Western Australia, Victoria, New South Wales and Queensland.
Geolsec phosphate mine...
Bobrikovo (Gold & Silver)
Bobrikovo gold and silver project contains 3.3 million ounces of gold and 16.3 million ounces of silver in JORC compliant resource. To read more about the Bobrikovo Project please go to the Bobrikovo page by clicking on this link. The project is located in the Donbas region, Lugansk province in Eastern Ukraine.
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Batchelor and Green Alligator Projects
Batchelor project is located in the Rum Jungle Mineral Field in the Pine Creek orogen of the Northern Territory, 70 km south of Darwin. The Batchelor project contains several cobalt, zinc, gold, nickel, copper and other metals prospects. It also hosts historical gold mine (Sundance) which produced gold at a head grade of over 10 g/t Au. Exploration shows that target stratigraphies at Batchelor have a potential to host cobalt, zinc, gold, tin, copper, lead, phosphate, rare earths, nickel, lithium, and banded iron formations. Drilling, rock chip sampling and soil geochemical surveys to date have confirmed widespread cobalt (up to 0.5% Co), nickel, copper, lead and zinc mineralisation. (click here for diagram)
Mt Elephant Project
Mt Elephant is an early stage exploration project with primary focus on copper and gold. It is located south of Paraburdoo in Western Australia.