MineralVest’s bauxite project is located in Kindia which is Guinea’s fourth largest city. The permitted land stands roughly 135 km to the port in Conakry, Africa. Mined bauxite will travel down the mountain to the nearby rail or trucks and transported to the ports. From there it will be shipped to its final destination to be crushed and prepared to be made into aluminum. 

 

Drilling and Exploration

  • 5 core samples have been taken from 0-8 meters in depth

  • Samples indicated bauxite was rich at 2 meters and continued getting richer with depth

  • Samples yielded up to 53% aluminum oxide by SGS Labs in South Africa

  • Geologists indicate there to be in excess of 1 billion tons of bauxite reserve potential

  • 20 million tons of projected annual production worth ~$1 billion

Next Steps

  • Execute core sampling plan to prove reserves by drilling down 1,000 meters of Mount Doko

  • Finalize transportation and exportation plans

  • Commence mining operations

  • Finalize agreement for additional bauxite concessions spanning more than 1,000 km2


Maps and Diagrams

MineralVest-Mount Doko

Mount Doko Plateau

Geologists dug with a manual trench and bauxite quality increased in depth. The cap consists of iron ore up to 2 meters in-depth and beyond concluded bauxite. The flanks were immediately bauxite which indicates the mountain is full of bauxite, otherwise it would consist of iron ore runoff from the top. Geologists believe the majority of the mountain consists of bauxite.

Core sample plan to prove bauxite resources from permitted land

Core sample plan to prove bauxite resources from permitted land

Image illustrates where 5 core samples were taken. Purple section marks the plateau of Mount Doko

Image illustrates where 5 core samples were taken. Purple section marks the plateau of Mount Doko

Highlighted section is issued concession. Other 3 sections illustrated pending applications

Highlighted section is issued concession. Other 3 sections illustrated pending applications

MineralVest-BauxiteReports

Bauxite Reserve Projection

This diagram is an over simplified model to indicate how much we have in reserves on the cap of Mount Doko. Sections A,B,C at 10 meters in depth is 2.72 billion m3 in volume. The entire mountain which is yet to be explored measures 1,100 meters in depth.

Overview

Bauxite is the primary source for the manufacturing of aluminum oxide (Al2O3) which is the raw material in the production of aluminum metal. Guinea is the world’s leader in total proven bauxite reserves followed by Australia and Vietnam.

Bauxite is typically strip mined because its commonly found near the surface of the terrain, with minimal overburden. These rocks are typically classified according to intended commercial application: metallurgical, abrasive, cement, chemical, and refractory.

Trends

Bauxite demand is strong:

  • ~85% of bauxite mined is converted into alumina, which is further used in the production of aluminum

  • By, 2028, aluminum is expected to grow from 397 pounds per vehicle weight to 565 PPV, representing 16% of total vehicle weight

  • Ducker International projects aluminum PPV to increase by 60% by 2030

  • Applications of aluminum are increasing rapidly, due to its high-density, corrosion-free and lightweight features, especially in the transportation sector, specifically airplanes, railcars, trucks, marine vessels, and electric vehicles.

MineralVest-Bauxite
MineralVest-Bauxite-Alumina

Overview of the Bauxite Mining Process

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