Deposit

SALT

100+ Year Salt Project.

Great Atlantic Salt Deposit Highlights:

  • 1.4 billion tonnes grading 95.6% NaCl
  • (NI 43-101 independently verified Inferred resource)
  • Resource modelling based on previous drilling indicates a “tremendous continuity” of the salt resource with average thickness of 200 m to 250 m
  • Distance to the top of the salt formation varies from 200 m to 400 m
SALT

We're building a Salt Factory.

Our Vision:

  • RMK envisions an environmentally friendly, low-cost operation; the first new salt “factory” in Atlantic Canada in 60 years
  • Bankable Feasibility Study includes near-term additional drilling which will determine most effective mining method (ramp/decline or shaft)
  • Homogeneous deposit with limited geological and development risks – no metallurgical or chemical processing issues typical with precious metal/base metal mines
  • Simple physical processing – mine, crush, screen, and load – in a very favorable jurisdiction that’s eager to push additional industrial development

Slide
SALT

NI 43-101 Resource Estimate

     Independently Verified

NaCl lower cut-off (%)Volume (M3)Tonnes (million)Density (kg/m3NaCl (%)Tonnes in-situ (million)
88682,000,0001,4732.1695.31,405
89677,000,0001,4622.1695.41,395
90672,000,0001,4512.1695.41,385
91653,000,0001,4102.1695.61,348
92602,000,0001,3012.1695.91,248
93557,000,0001,2032.1696.21,157
94499,000,0001,0782.1696.51,040
95420,000,0009082.1696.9880
96304,000,0006572.1697.4640
97190,000,0004102.1697.9401
9871,000,0001542.1698.6152
9917,000,000372.1699.337

SALT

Mining Method

Incline Slope Salt Extraction

Salt mines are among the safest of mines. They are also the most comfortable to work in. While mine temperature varies with depth, the average temperature remains about 70° F year round.

Continuous mining produces smaller lumps of rock using a machine similar to the one used for building tunnels. It bores into the salt extracting lumps that are then crushed into smaller pieces.

A salt mine is a valuable long term stream of cash flow, many mines exceeding 50 years of production. Our proposed mine also has the environmental benefits of providing the regional market with the ability to “buy local” and displace long distance imports.

President, CEO & Director

Patrick Laracy