[Marinir] {Disarmed} Argex (TSX-V: RGX) Announces 3, 000% Scale-Up of TiO2 Pilot-Plant
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Mon Dec 5 14:15:02 CET 2011
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http://www.argex.ca/
ARGEX ANNOUNCES 3000% SCALE UP OF TiO2 PILOT-PLANT
Increased production to permit distribution of TiO2 samples to end-users
Argex Mining Inc. (TSX-V: RGX
http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=RGX®ion=C&lookup=symbol&snapshot=default
) announced today that following the successful completion of the
testing of its La Blache ore, it will expand the size of its pilot-plant
to 30 times (3000%) its current production capacity. The production
capacity of high purity TiO2 from its 100%-owned deposits will increase
from 0.3 kg/day up to 10kg/day.
"The pilot-plant expansion represents a significant milestone," said Roy
Bonnell, President and CEO of Argex, "the primary objective of the
expansion is to increase the quantity of TiO2 product samples we can
provide to end-users."
Argex expects the pilot-plant expansion to be completed before the end
of the first quarter of 2012 and production to begin by the second
quarter of 2012. "The scale-up permits us to not only increase
production," noted Chief Operating Officer Enrico Di Cesare, "it will
also allow us to conduct larger scale testing and continue to optimize
the key performance indicators".
Argex recently announced the successful completion of the pilot-plant
testing of the ore from its 100%-owned La Blache deposit. Highlights
included: repeated and consistent results demonstrating production of
99.8% pure titanium dioxide rutile product directly from run-of-mine
material; repeated and consistent results demonstrating titanium dioxide
production with brightness and colour in line with or superior to some
of the major TiO2 industry producers; an improved and consistent TiO2
recovery rate of 90%; organics used in the process recycled more than
100 times successfully demonstrating process viability and TiO2 produced
to the optimal 0.25 microns size.
About Argex Mining Inc.
ARGEX MINING INC. has recently transitioned from a mining exploration
company to a near-term producer of commodities that the world needs:
Titanium Dioxide, Iron and Vanadium Pentoxide. With a primary goal of
advancing rapidly towards production, Argex has adopted a simple and
low-risk strategy for the scale-up of its proprietary process that
allows it to produce high purity TiO2 directly from its 100% owned
deposit.The closed-loop process is environmentally friendly and produces
minimal inert tailings.
Additionally, the Company owns 100% of the Mouchalagane property, which
is a large Labrador Trough iron ore property that represents further
potential upside for the Argex shareholders.
For More Information:
Roy Bonnell, President and Chief Executive Officer Argex Mining Inc.
Argex Mining Inc. TSX-V: RGX
514-788-8923 FSE: ASV
roy at argex.ca
MEDIA:
Frédéric Bérard, Vice President
HKDP Communications and Public Affairs
514 395-0375, ext. 259
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