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Northcliff / Sisson Tungsten Project

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Northcliff  / Sisson Tungsten Project ... Selling off into mid-2020

Updated chart / NCF ... All: 5yrW: 3yrD: 2yr: 1yr / Last: 2.5 cents @ 6.24.2020

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Sisson Project Joint Venture @ 2011

+ On October 21, 2010, Northcliff and Geodex Minerals formed an unincorporated joint venture (JV) to advance the Sisson Project from its current scoping stage
 
+ Northcliff has a 70% controlling interest in the Project
 
+ To maintain its interest, Northcliff must fund the lesser of:
: $17M* in JV development expenditures; or
: An amount to produce a feasibility study report and to commence production as contemplated under this feasibility study
: No time restrictions for funding commitments
 
+ Northcliff is operator of the project
+ At March 2011, Northcliff had $2.9M in working capital remaining to commence feasibility work program
======
 
Northcliff is going public at $1.00 per shares / for $30 Million
 
Geodex Minerals (GXM.v) ... update
At $0.xx, MarketCap is C$Xx.x Mn

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Below is the historical Tungsten price per metric ton. > source

= = = = =
LINKS

Presentation :: http://www.northcliffexploration.com/i/pdf/NCL_Presentation_Mar2011.pdf

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Sisson Project Overview

Resource
==========
+ Measured and Indicated: 177 M tonnes at 0.094% WO3 and 0.031% Mo, containing 368 Mlb of WO3 and 121 Mlb of Mo
+ Inferred resource: 69 M tonnes at similar grades
+ Long life operation (20+ years)
 
+ Continuous mineralization and amenable to low cost open pit mining
+ Conventional processing
+ Clean tungsten and molybdenum concentrates with no deleterious elements
+ Ongoing geological, metallurgical, environmental & engineering studies
+ Federal/Provincial Corporate tax rate of 23%
+ New Brunswick is expected to have one of the lowest provincial corporate income tax rates by 2012 of 8%
 
Bankable Feasibility Study targeted for completion by Q1 2012

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Sisson Project / Concept envisions:
=======
+ Open pit mine
+ Low strip ratio (1:1)
+ Conventional processing at 20,000 tonnes per day
+ Crushing
+ Dense Media Separation (DMS)
+ Grinding
+ Flotation
+ Production of separate W and Mo concentrates on site
+ Anticipated average recoveries of 74% WO3 and 70% Mo
+ Approximately 500,000 mtu/yr production
======

Back of Envelope:

PRODUCTION:
177 M tonnes at 0.094% WO3 and 0.031% Mo, (=354 Bn lbs)
: containing 368 Mlb of WO3 and 121 Mlb of Mo
: 368 x$9 = $3,312Mn + 121 x$15 = $1,815 Mn : $5,127 Mn
Assuming recovery of 72% = $3,691 Mn : $3.7 Billion
 
500,000 MT per year:
+ 0.094% WO3 = 0,470 t= 940k x $9 /lb. = $8,460 k x74%
+ 0.031% Moly = 0,155 t= 310k x $15/lb. = $4,650 k x70%
==============================================
REVS : $ 13.11 Mn x 72.6% : $ 9.52 Mn = ($6,260k+$3,255k)
Cost================= : $ 4.76 Mn (at 50%)
=================================
NetCF=============== : $ 4.76 Mn (at 50%)

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On 4/8/2011 at 8:43 PM, DrBubb said:

Back of Envelope:

PRODUCTION:
177 M tonnes at 0.094% WO3 and 0.031% Mo, (=354 Bn lbs)
: containing 368 Mlb of WO3 and 121 Mlb of Mo
: 368 x$9 = $3,312Mn + 121 x$15 = $1,815 Mn : $5,127 Mn
Assuming recovery of 72% = $3,691 Mn : $3.7 Billion
 
500,000 MT per year:
+ 0.094% WO3 = 0,470 t= 940k x $9 /lb. = $8,460 k x74%
+ 0.031% Moly = 0,155 t= 310k x $15/lb. = $4,650 k x70%
==============================================
REVS : $ 13.11 Mn x 72.6% : $ 9.52 Mn = ($6,260k+$3,255k)
Cost ================= : $ 4.76 Mn (at 50%)
=================================
NetCF =============== : $ 4.76 Mn (at 50%)

More "back of envelope"...

W is $220/mtu.
The company expects 500,000 MTU/year.
At that rate, revenue from tungsten would be on average at $110M per year at long term prices.
(some sources cite prices as high as $400/mtu, for revenue of $200M for tungsten alone.)
Another 1/3 of revenue is comprised of molybdenum...
Assuming $15 molybdenum, = $170m in revenue per year at the long term prices.)

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CEO resigned, NCF stock under big pressure. Slid to 2.5 cents

NCF / Northcliff: All: 5yr: 2yr: 1yr / Last: 0.025

w1FdZAk.gif

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Manufacturing slowdown and coronavirus impact metal prices

March 25, 2020

Many global industries already saw a global slowdown in the second half of 2019 which accelerated in 2020 (Courtesy MetalMiner)

The global slowdown in manufacturing output, which started in the second half of 2019, and the more recent rapid spread of the coronavirus (Covid-19) around the world, has negatively impacted many key industries. The coronavirus in particular has forced many manufacturing industries in the leading economic countries to cut output leading to reduced demand for raw materials such as metals. This in turn has led to a downward pressure on metal prices since the beginning of 2020. 

The London Metal Exchange (March 24) reports that the base price for copper dropped by 22% to $4,769/tonne compared with $6,188 at the beginning of the year. The price of nickel has fallen to $11,033/tonne from $14,140; zinc was down to $1,830/tonne from $2,276; lead down to $1,644/tonne from $1,906; and tin was down 22% to $13,250/tonne from $17,140. According to the LME, molybdenum metal recorded a drop to $8.7/lb on March 24 from $9.65 a month earlier, and cobalt saw a more modest drop to $29,000/tonne compared with $33,000. 

Chinatungsten reported that there had been only a slight downward movement in the prices of tungsten powder and tungsten carbide powder. Tungsten powder was quoted at $31.60/kg on March 24, 2020, compared with $34/kg a month earlier. Tungsten carbide powder was quoted at £31.30/kg compared with $33/kg in February. Many of the Chinese tungsten concentrate and ammonium paratungstate (APT) producers were either unable to operate or were run at very low operational levels in February and most of March due to coronavirus. China produces some 80% of the global demand for tungsten-based raw materials.

> https://www.pm-review.com/manufacturing-slowdown-and-coronavirus-impact-metal-prices/

 

CORONAVIRUS IMPACT ASSESSMENT

  • In accordance with present changing challenging market conditions the report forecasts have been revised.
  • The market situation is constantly being monitored, the latest developments are being tracked and the most recent data will be provided in the report.
  • The report will provide three possible scenarios of market development in accordance with how long and how deep coronavirus situation will affect the worldwide economy: optimistic, pessimistic and baseline.

About Tungsten Market

  • the most of geographically widespread tungsten (or wolfram) resources are located in China, Canada, Russia and the United States
  • the main consumer of tungsten is China (about 50% of global tungsten demand), followed by the USA and Europe
  • hard metals account for around half of tungsten consumption; steels and alloys sector consumes about 25%
  • Chinese restrictions on its tungsten industry (concerning mining, exports, foreign investment) brought changes to world supply pattern
  • production outside China is expected to increase, new projects may be started and closed facilities may be reopened

Tungsten Market Review is a source for detailed information on the market situation. The report contains descriptive and analytical parts, enriched with tables and figures for national and global markets. Market forecasts for the next ten years complete the report.

Tungsten World Reserves

Source: https://mcgroup.co.uk/researches/tungsten

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AUG 2020 Presentation: www.northcliffresources.com/i/pdf/2020-08-06-CP-NCF.pdf

SISSON PROJECT HIGHLIGHTS

•Long Life Operation (25+ years)
•Low Cost, Open Pit Mining •Conventional Processing
•Ammonium paratungstate(APT) Plant approved as part of EIA
•2013 Feasibility Study; update planned
•Production optionality, based on market demand:
Concentrate and APT
APT only
Concentrate only
•2 Year Construction Period 
•Superior Infrastructure and Location

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TUNGSTEN Prices fell in mid-2019 /

European prices to July 2019

tungstenaptjuly201911072019122147.jpg

Tungsten carbide scrap hits new lows amid headwinds

2019 Close-up, 09 August 2019 : source

20190809aptandtungstencarbidepricecorrel

Declining APT prices in recent weeks discourages reclamation of concentrate material from tungsten carbide scrap by providing a lower-priced feedstock material for tungsten products.

The US carbide scrap market is coming off a period of high scrap generation and while demand is waning for carbide tools. A large increase of carbide imports grew domestic inventories, while the economic incentives to utilize these products are declining.

Average monthly export prices from China for APT in July reached the lowest levels in over two years at $197-207/mtu. Prices fell 23pc from the average monthly price of $255-265/mtu in January 2019.

 

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