resourceINTELLIGENCE Investigates New Low-Cost, Greener Mn Recovery Method
04 10월 2011 - 10:00PM
In an exclusive inSITE Report, resourceINTELLIGENCE takes investors
on a tour of American Manganese's (TSX-V:AMY) (Pink Sheets:AMYZF)
(Frankfurt:2AM) new pilot plant to investigate what could be the
world's lowest cost recovery of electrolytic manganese (EMM).
Watch the inSITE Report on the front page of
www.resourceintelligence.net here:
http://www.resourceintelligence.net/video-american-manganese-insite-report-pilot-plant-to-produce-low-cost-emm/22821
American Manganese (TSX-V:AMY) hired industry leading
consultants Kemetco Research to solve the problem of expensive
water recovery in the production of EMM.
Typically, in the final stages of EMM production, water is
evaporated from the remaining sodium solution at high heat. This
method is cost prohibitive and not environmentally friendly.
The Kemetco process removes the salts from the water by lowering
the temperature and then forcing the remaining solution through a
nanofiltration system. This leaves just crystallized sodium
sulfate, which can be sold for about $100 per tonne, and sulfur
dioxide and water, which are recycled in the process. As such, the
Kemetco Process costs less—as little as $0.44 per pound of EMM
produced—and also generates revenues from the process of recycling
water.
This process is also substantially more environmentally friendly
than existing methods of EMM production.
American Manganese's Artillery Peak project in Arizona has
manganese resources of 14.9 billion pounds indicated and 3.5
billion pounds inferred. (226 Mt indicated grading 2.99% Mn, 56 Mt
grading 2.84% Mn.) This could be a boon for American Manganese
investors, considering that manganese is the 4th most consumed
metal in the world and is essential in most steel making.
Ironically, whereas "grade is king" for many explorers and
producers, that's not the case for American Manganese. The Kemetco
Process produces manganese metal from low-grade resources at a
lower per pound cost than just about any high grade deposit in the
world.
As such, American Manganese's (TSX-V:AMY) new production method
puts the company on excellent footing in the race for lower costs
in steel production. The company's trading range is about $0.40 to
$0.60 per share. The company's billions of pounds of recoverable
manganese metal today sell for approximately $1.80 per pound. With
its patent-pending production method, it will cost the company as
little as $0.44 per pound to recover the EMM.
Watch the inSITE Report on the front page of
www.resourceintelligence.net here:
http://www.resourceintelligence.net/video-american-manganese-insite-report-pilot-plant-to-produce-low-cost-emm/22821
To find out more, visit www.AmericanManganeseInc.com
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Please note: This presentation may contain forward-looking
statements including but not limited to comments regarding the
timing and content of upcoming work programs, geological
interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future
events and conditions and therefore involve inherent risks and
uncertainties. Actual results may differ materially from those
currently anticipated in such statements. The Issuer relies upon
litigation protection for forward-looking statements. This piece is
for information purposes only and is not a recommendation to buy or
sell any securities.
CONTACT: Grant Geall: 778-995-8138
Michelle McLean: 604-688-6400
Tracey Sand: 705-718-9561
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