Replies to post #584 on Ivanhoe Mines Ltd (IVPAF)

[JB3729]

dadofmarcmax, I came across this yesterday while researching Clean Teq Holdings. No problem though, Ivanhoe Mines has plenty on their plate.

Syerston Project Overview

In 2004, Ivanhoe Mines acquired the project from Black Range Minerals and in 2005 Ivanhoe completed a revised Feasibility Study with SNC-Lavalin. In May 2006, the development consent was triggered on the project. The project did not proceed to full development due to the prevailing base metal prices at the time. Clean TeQ acquired the project from Ivanhoe Mines Ltd (TSX:IVN) in 2014.

Since that time, Clean TeQ has completed a Feasibility Study for a small scale scandium-only project designed to produce 50tpa scandium oxide from some very high scandium grade areas on the periphery of the main laterite deposit.

Clean TeQ also completed a Pre-Feasibility Study for a large scale nickel/cobalt/scandium project.

The Pre-Feasibility Study revised the estimates of the previous feasibility studies undertaken in 2000 and 2005 and integrated Clean TeQ’s technology into the proposed processing flow sheet to produce battery grade nickel and cobalt sulphates - key raw materials required by the lithium ion battery sector - and by-product scandium oxide. A Bankable Feasibility Study is underway for the nickel/cobalt/scandium project, due for completion in 2017, Q4.

http://www.cleanteq.com/wp-content/uploads/2016/12/Syerston-Overview-1.pdf

Robert Friedland stated that he owned 20% of Clean Teq during yesterday's presentation.