Nevada Clean Magnesium Inc. (TSX.V: NVM; FRANK: M1V; PINKS: MLYFF) is focused on becoming a major U.S. producer and distributor of primary, high grade, low cost magnesium metal, extracted from its 100% owned Tami-Mosi property located in North Central Nevada. Based on the Company’s NI 43-101 Preliminary Economic Assessment Report (PEA) completed in late 2011, the Tami-Mosi Project has an estimated inferred 111 billion pounds of magnesium contained within a high purity dolomite block on the Project site covering over 1600 acres. The NI 43-101 was completed by Wardrop Engineering Inc. and filed on SEDAR on September 15, 2011. The Tami-Mosi Project has an inferred resource of 412 million tonnes with an average grade of 12.3% Mg for a contained metal content of 111 billion pounds of magnesium using a 12% cut-off grade contained within a high purity dolomite block.
Given that the dolomite lays at or near the surface, the Tami-Mosi Project will employ open pit mining to recover only 1.6% of the ore body, or 8.8 million tons of dolomite, over the 30-year mine plan. Today, magnesium is used in a diverse range of markets and applications, each one exploiting the unique physical and mechanical properties of the element and its alloys. In 2012, total world production of magnesium exceeded 770,000 metric tons and this figure is increasing annually as the lightweight properties of magnesium alloys are used increasingly in the automotive and aerospace industries as a means of reducing weight, increasing fuel efficiency and reducing greenhouse gas emissions.