Argex Titanium Inc. (previously Argex Mining Inc.) is reporting the results of a TiO2 grade sensitivity study. The objective of thestudy was to evaluate the impact of different TiO2 grades of ilmenite feedstock on the operationalparameters of the CTL hydrometallurgical process. The internal study was completed in collaboration withBBA Inc. of Montreal, Quebec.
Three different raw material scenarios were considered for the sensitivity analysis with TiO2 grade rangingfrom 32.0% to 53.9% and Fe/Ti ratio ranging from 2.2 to 1.0. The results of the sensitivity analysis arereported in relative percent terms compared to a reference scenario, which is based on the operationalparameters for the production of TiO2 pigment using a raw material similar in composition to themineralization outlined at Argex’s La Blache property (TiO2 grade of 18.9% and Fe/Ti ratio of 3.9).