Key milestone
2011 years, the company, according to figures released Nebraska Elk Creek area 14 square miles in the 80.1 million tons of large contains ta-nb mineral resource control, including five oxidation 2 niobium grade of 0.62% (see on April 28, 2011 news bulletin understand more information).
2011 window
In march of 2011
-Elk Creek project conforms to the published mineral project NI 43-101 standard disclosure the amount of resource report, the report shows that the control of its resource of 80.1 million tons, including 5 oxidation 2 niobium grade of 0.62%.
April 2011
In Elk Creek-began the project implementation of drilling plan for the first time in 25 years.
June 2011
-announced drilling results in niobium, of which NEC11-01 Elk Creek project aiming to NI 43-101 report did not find an important resources before the encryption area. The grade of the published, including the 235 meters thick ore section five oxidation 2 niobium grade of 0.73% and 54 m ore period of five oxidation 2 niobium grade of 1.17%.
In August 2011
-announced other niobium mining area drilling results, including drilling NEC11-002, which saw five oxidation 2 niobium grade of 0.87% of the 179 m ore section, including five oxidation 2 niobium grade of 1.02% of the 131 m ore section; and
-and Hazen Research Inc. Metallurgical test agreement signed, so as to the core of the recent drilling for niobium recovery test.
In September of 2011
Rare earth area-announced drill results (in Elk Creek project niobium mining area 2.5 kilometers east), including NEC11-004 drilling, which see rare earth oxides reaches 2.1% of the total grade 236 m ore section, including the rare earth oxides reaches 3.32% of the total grade 68 m ore section.
In November 2011
-completion of the project from Australia and Ontario option agreement, enhance the company focus on the ability of Elk Creek project.
In December of 2011
To promote Elk Creek-successful completion of the $750000 project financing.
And in June 2011, Quantum also through the election of professional engineers David Beling, chemical engineer Jim Reynolds and mining engineer David Shoemaker increased the board of directors of the company and advisory committee members quantity.
Looking ahead to 2012, Mr. Dickie to shareholders and puts forward a few companies plan to complete a significant milestone, including:
-from Hazen received metallurgy test results;
-hire an outside engineering company to complete the latest resource deposit niobium evaluation and preliminary economic evaluation work;
-other encryption drilling to upgrade to the amount of resource deposit in control and proved level;
-and the potential acquisitions or strategic cooperation partners to further negotiations, thus speeding up the development of Elk Creek project; and To strengthen the supervision and Elk Creek-the project technical management team.