Fluorspar developer Mongolia Minerals is targeting a production date of late 2014 for its Dai Uul project in Central Mongolia. The project, which is situated near the town of Airag, Dornogovi, has mineralisation similar to fluorspar hub Bor-Ondor, managing director James Rodriguez de Castro said. Fluorspar from Bor-Ondor is presently exported to Russia, via Ukraine. “Our indications are that this will be an interesting and higher grade product,” de Castro said. Historical assays suggest a grade of 30%, which means the company will look to produce acidspar. This will be marketed globally, out of Tianjin, China, he added.
The company recently completed a drilling project on one of the five fluorspar projects in its portfolio. “We were initially planning a work programme of 2,500 meters of diamond core drilling, but we kept hitting wide, easily visible intercepts and just kept going late into the season,” de Castro said.