Hop2it Kaolin Mining
Historically north Queensland, like most of Australia, is rich in minerals, the mining of which has set Australia aside from others economically. Hop2it has managed to acquire both an equity position and management rights on an exciting Kaolin Mining project close to three Ports.
Kaolin as a resource in global demand is explained more fully below and importantly this mine site has a Jorc Report which also declared significant Gold and Oil Shale deposits in the hundreds of millions of tonnes. It is an understatement to say that we are excited about this supported venture, regardless of its remote and logistic challenges.
Hop2it management has through 2021 negotiated a deal whereby we have acquired significant equity and rights in an existing Mining License to produce Kaolin. As you will read, a Jorc Report has been produced which also shows over $100 million in Gold is available to mine under the Jorc Report. We are excited about this Venture as it is possibly the largest project we have undertaken.
Our Mining Approach
Although Hop2it has been seeking a mining interest for many years, this has been to underpin the development of digital or trade currencies and no suitable mine has been found within budget parameters.
This Kaolin, Gold, and Oil Shale mining opportunity came to us out of the left field and through the age of the owners who have been involved with the project for 20 years. We have used our management and mining expertise learned over these years and located additional mining resource funding. We caused to restructure the company and Shareholding to position Hop2it into an attractive equity and management position.
How Can You Invest In This Venture
We have decided and pursuant to the current structure of the mining company and invested interests to date, that outside of Project Investors, investment to access profits from this mining venture can only be done by direct investment into Hop2it Holdings Pte Ltd, which is structured to enjoy its share of profits from this another Hop2it Ventures.
Our Mining Projects
Aussie mining assets were chosen as a starting point due to the global travel restrictions applied to the Corvid 19 Pandemic.
Nth Queensland Mine
Hop2it is involved in the acquisition of a Gold & Arsenic Mine two hours northwest of Brisbane Australia. The mine has a JORC Report which values the mine in excess of USD$100 million.
Formal JORC Valuations
Of importance, a JORC Code Report was completed and paid for on this Gold and Arsenic mining project in 2018. The Jorc Report paints a projected value of the mine.
Large Scale Kaolin Mining
Gold Wash Plant
We plan to commence mining in Q4 of 2021 on a small scale utilizing our own Gold Wash Plant with Scrubber and Trommel. We anticipate a return of USD$500,000 per month net.
SUMMARY OF HOP2IT KAOLIN MINING VENTURE NORTH QUEENSLAND
OUR INVOLVEMENT – In 2021 Hop2it uptook an opportunity to merge with a long-term mining company and acquire significant equity and management rights of a Kaolin mining operation in northwestern Queensland, Australia. The mining tenements are located close to three major shipping Ports of Townsville, Mackay, and Gladstone.
WHAT IS IT? – Kaolin also called china clay, is a soft white clay that is an essential ingredient in the manufacture of china and porcelain and is widely used in the making of paper, rubber, paint, and many other products. Kaolin is named after the hill in China (Kao-ling) from which it was mined for centuries.
JORC – The JORC Code mentioned above is a code for Public Reporting, not a code that regulates the manner in which a Competent Person estimates Mineral Resources or Ore Reserves. The term ‘JORC compliant’ therefore refers to the manner of reporting not to the estimates.
GOLD – Interestingly, The Jorc Code Report produced on the Kaolin tenements estimates over AUD$100 million (approx. USD$74 million) of gold projected against the test area of the Jorc and the core sampling taken. The additional EPM’s (Exploration Permit Minerals) expand the gold mining opportunity to an estimated USD500 million.
KAOLIN – The Jorc report has been prepared to outline an Inferred Resource Estimate of some 450M tonnes of in-situ kaolinite according to the JORC Code reporting guidelines. The average kaolin content of this tonnage is approximately 50%. The kaolin has a very high percentage of < 2-micron material. The remainder is fine silica grit as the mineral quartz. Test work has shown the potential to produce high-quality kaolin at +90% ISO brightness. Analysis of the silica (quartz) content has indicated the potential to produce a very fine-grained product at 99.6% clean silica with considerable commercial possibilities.
USES – Kaolin (hydrated aluminum silicate, Al2Si2O5(OH)4) is the most important of the industrial clays in terms of both consumption and value. Properties of fine particle size, platy shape, inertness, non-toxicity, and high brightness and whiteness make it a most versatile mineral, with applications in a wide variety of industries. The largest single market, taking ~40% of production, is the paper industry where kaolin is used to fill the spaces between cellulose fibers, and as a coating, agent to produce high gloss paper with good printability. Other uses include clay-based ceramics and refractories, white cement, fiberglass, and fillers and extenders in rubber, paint, plastic, and adhesives. Numerous minor uses include pesticide and herbicide carriers, zeolite manufacture, catalyst supports, pharmaceuticals, and cosmetics.
OUR MINING PLAN – We have commenced submissions to the Australian Government’s Department of Energy & Mining with a new mining and environmental plan which included the First Australians following Mabo decisions. We intend to also use the mining licensed land which resides on a 30,000-acre cattle station, of which we have an option to acquire, to cultivate commercial qualities of Moringa for land reclamation and introduce the Murrumbooee branded human food production to the Aboriginal tribe close to the mine. We plan to make this project attractive to Australian and international investors and a profitable and interesting project for all Hop2it Members.
Get In Touch
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Hop2it Global Ventures
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