Avanti Mining Inc.

67 Yonge Street Suite 602, Toronto, Ontario, Canada | Mining

DESCRIPTION:

Avanti Mining Inc. (TSX-V: AVT) is an exploration and development company with its primary project in northern British Columbia, Canada. The Kitsault Molybdenum Project, previously operated by Kennecott and Amax has produced in excess of 30 million pound of molybdenum intermittently between 1969 and 1982. When the mine was closed in 1982 due to low prices, approximately 95% of its then calculated reserves still remained to be mined. Since 2008, the Company has undertaken confirmatory and resource expansion drilling programs on the project.

In 2014, the Company completed a NI 43-101 compliant technical report which outlines its plans to redevelop the mine. Discussions with strategic partners, off takers and various lending institutions are well underway to provide the funding needed to begin construction of the Kitsault project in 2014. Agreements to date include an off take agreement with Germany-based ThyssenKrupp Metallurgical Products for 50% of total molybdenum production from Kitsault and a molybdenum concentrate processing agreement with Chilean-based Molibdenos y Metales (Molymet). Both agreements are for the duration of mine life.

On March 18, 2013 the British Columbia provincial government issued an Environmental Certificate approving the project. Permits necessary for start of construction are in process and expected shortly.

CSR Statement:

AVANTI'S COMMITMENT TO RESPONSIBLE MINING:

The following concepts will guide Avanti's actions during the development and operations of the Kitsault Molybdenum mine in British Columbia.

Respecting and working collaboratively with the Nisga'a Nation is key to our success.

Applying the most appropriate environmental management systems through all stages of mine development; construction, production and reclamation is the standard we choose to pursue.

Pursuit of continuous improvements in environmental and safety performance is an ongoing objective.

Creating long-lasting social and economic benefits for the communities in which we operate is the legacy we will strive for.

 

CONTACT DETAILS

Avanti Mining Inc.

67 Yonge Street Suite 602 Toronto, ON Canada M5E 1J8

Telephone: 416-847-0376

Fax: 604-620-9858

Web: http://www.avantimining.com/s/Home.asp

 

 

 

Company Details
Company NameAvanti Mining Inc.
Business CategoryMining
Address67 Yonge Street Suite 602
Toronto
Ontario
Canada
ZIP: M5E 1J8
PresidentGordon Bogden
Year Established2008
EmployeesNA
MembershipsNA
Hours of OperationNot available

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