REPORTS
REPORTS
MEMBER OF
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COLOMBIA
BOLIVIA
THE COMPANY
AUXICO RESOURCES CANADA INC., CSE: AUAG, OTCQB: AUXIF ("AUXICO" or the "Company) is a Canadian company founded in 2014, focused on the development of properties and projects hosting critical minerals and high-value metals, including niobium, tantalum, platinum group metals (such as platinum and iridium), and rare earth elements. The Company owns directly or through joint ventures, mineral rights in Colombia and Bolivia.
The Company is positioned to become a major supplier of critical minerals and rare earth elements to Western economies from mineral projects such as the Minastyc Project, where the Company has received a small-scale mining permit and EIA approval. The Minastyc Project hosts critical minerals and rare earths, in monazite sands, with sampled grades up to 68.25% TREO (refer to press release dated September 9, 2021, link) and other platinum group, precious and critical minerals such as coltan, grades sampled up to 62.13% tin (refer to press release dated October 26, 2022, link).
The Company has 85% interest in Empresa Minera El Benton S.R.L. which that holds the mining title and rights to the El Benton Mine and adjacent Monte Verde concessions. El Benton is a past-producing operation with production licenses, which previously exported tantalum and niobium concentrates.
The Company has licensed a technology called the Ultrasound Assisted Extraction (UAEx), for the separation and refining of critical minerals, which has been proven successful at recovering rare earths (+84%* recoveries in solution, including up to 92% Nd, up to 100% Pr, Gd, Ir).
ULTRASOUND
TECHNOLOGY
AUXICO and CENTRAL AMERICA NICKEL (“CAN”) have entered into a technology licensing agreement which provides AUXICO access to CAN's patented technology for the processing and extraction of critical minerals, including rare earth elements, from AUXICO’s various properties. By eliminating the use of pressure processing, thus minimizing temperature, reducing energy requirements, chemical inventory, and by default emissions and waste, while increasing overall recovery rates, CAN’s Ultrasound Assisted Extraction (UAEx) can adhere to the most stringent environmental standards.
This technology is a proprietary leaching extraction method that utilizes existing commercial grade ultrasound technology to significantly shorten the timeline and reduce the cost of extracting high value metals; a process intensifier to traditional methods. AUXICO, alongside CAN and other technology partners, have developed a solution to remove radioactive thorium from rare earth concentrates, making it non-radioactive and eligible for international shipping. Using UAEx, the thorium content in the concentrate was reduced to less than 0.1%, furthermore UAEx is very effective on high-value rare earth samples, achieving +84% recoveries of select rare earth elements.
AUXICO also has worldwide rights to an environmentally friendly, mercury-free, cyanide-free gold and silver extraction process in order to re-direct artisanal mining towards sustainable processing. The Minamata Convention was created in order to eliminate the use of mercury which causes harm to human health and the environment - around 20 million artisanal miners around the world use mercury for mining.