The Bambu Titanium Project is a 4,500-hectare mining concession located in Escuintla, Chiapas, Mexico. It is strategically positioned near export hubs and key infrastructure, ensuring low transportation costs for extracted minerals. The primary focus is on the high-grade ilmenite (FeTiO₃) mineralization, which is used in titanium dioxide production.
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Financial & Production Overview
Parameter
Value
Mineral Resource Estimate
3.37 million tonnes (Indicated + Inferred)
Mine Life
20 years
Processing Capacity
20,000 tonnes per month (tpm)
Annual Titanium Production:
Approximately 100,000 tonnes of TiO₂ concentrate
Estimated CAPEX
$45 million USD
Projected OPEX
$15 million USD per year
Pre-Tax NPV (8% discount)
$280 million USD
Post-Tax NPV (8% discount)
$210 million USD
Pre-Tax IRR
30.5%
Post-Tax IRR
22.4%
Average TiO₂ Grade
31.12% (Indicated), 22.51% (Inferred)
Metallurgical Recovery Rate
87.5%
GEOLOGY & MINERALIZATION
FROM NI 43-101 Report
The Bambu Titanium Project is situated within the tectonically active Polochic-Motagua fault system, which extends across southern Mexico and Guatemala, known for hosting titanium-rich anorthosite intrusions.
The deposit is structurally controlled and consists of:
Host Rocks: Amphibolite, gneiss, and anorthosite dykes
Mineral Composition: High-grade ilmenite lenses, with associated rutile and magnetite
Ore Type: Massive to semi-massive ilmenite, forming tabular to lensoidal bodies along northwest-trending fault zones
Structural Controls: The deposit is associated with deep-seated mafic intrusions, contributing to the high titanium grades observed in drill cores
The geological model suggests that Bambu shares characteristics with major ilmenite-rich deposits globally, including those in Canada, Norway, and Mozambique, positioning it as a strategic low-cost supplier to the growing titanium market.
Table: NI 43-101 Mineral Resource Estimate
Category
Tonnes
TiO₂ Grade (%)
Indicated
717,000
31.12%
Inferred
2,653,000
22.51%
Assay Results & Drill Intercepts
Drill Hole
Depth (m)
TiO₂ (%)
FeO (%)
SiO₂ (%)
BAM-001
120
32.5%
25.1%
8.3%
BAM-002
150
30.8%
23.4%
9.1%
BAM-003
130
31.2%
24.0%
8.5%
Assay Results & Drill Intercepts
Conventional gravity and magnetic separation methods have been confirmed through pilot-scale metallurgical testing.
Magnetic separation will produce high-purity ilmenite concentrate (41% TiO₂) suitable for global pigment and metal industries.
No chemical processing required, lowering environmental impact and operating costs.
Processing facility to be located near mine site, optimizing transport and logistics.
Sustainability & Environmental Considerations
Environmental Impact Assessment (EIA) fully approved for 111-hectare mining area.
Minimal waste generation due to efficient separation methods.
Water recycling systems will reduce freshwater consumption by 70%.
Dust control and land reclamation plans in place for sustainable mining operations.