Ares Strategic Mining Inc. (ARS.V) (ARSMF.QB)

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Ares Strategic Mining Inc. Announces 1,500m Follow-up RC Drill Program After Confirming Presence of Additional Fluorite Bearing Pipes on its Permitted Area

– Ares identifies more fluorspar targets on its permitted area.

 

– Company will seek to delineate additional fluorspar mineralization for mining operations.

 

– Company will launch new drill program Wednesday 9th September for up to 1,500m of RC drilling consisting of between 10-15 drill holes.

 

Vancouver, BC – September 9, 2020 — Ares Strategic Mining Ltd. (TSXV: ARS) (OTCQB:ARSMF) (FRA: N8I1) (“Ares” or the “Company”), is pleased to announce an immediate follow-up drill program after confirming high-grade fluorspar mineralization on its Lost Sheep fluorspar mine.

 

Ares will again employ More Core Diamond Drilling Services Ltd., to conduct RC drilling for to test for additional fluorspar mineralization within the Lost Sheep fluorspar mine area in Utah to assist planning for possible mining in the future. The Company will drill two or three holes (200 to 300m of drilling) between the old Purple Pit and the recently delineated LGP target to test for possible continuity of fluorspar mineralization and/or depth extension.   Personal communications with individuals that worked the underground Purple Pit mine indicates that there is still mineralisation trending towards the LGP pipe at the 250 foot level and below the 325 foot level. These areas will be tested during Phase 2 of drilling.

 

The Company will also test a series of very prospective targets immediately adjacent to the current operation (250 and 350 meters away) and within the permitted area, based on a conceptual model that links fluorite bearing breccia pipes with exposed fluorspar at surface. A minimum of 5 holes (500 to 700m) will be drilled in this target zone and if successful, will begin to delineate additional fluorspar mineralization readily accessible from surface.

 

James Walker, President and CEO of the Company said, “The high grade results from the last drill program, and the confirmation that other possible high-grade areas exist within our permitted mine area and extensive exploration land package, has encouraged the Company to move forward its timelines. Ares is currently considering expanding the proposed production capacity and processing facilities at its mine.  The Company anticipates secondary and tertiary mining operations at other sites in the future. By moving our drill program forward, we hope to enable faster expansion of our production capabilities once mining operations have commenced. The Company and its staff are very excited at the near-term and long-term prospects, and we are looking forward to commence operations and being the only domestic supplier of metspar and acidspar to the U.S.”

 

The Company has conducted detailed geology interpretation after examining high-resolution imagery and DEM models obtained from the recently acquired Lidar survey and has identified a fault set that produced repetitive offset of the geological sequence. The majority of the known historic fluorite operations are located in the steep south slopes of a series of different parallel hills, in a “domino” style of extensional faulting. Blind targets are located in the hanging wall offset blocks. The conceptual model indicates the exposed deposits correspond to the lower sections of the fluorspar bearing pipes, and the top parts of the pipes, reaching or not the surface, can be predicted in those offset blocks immediately adjacent to them.

 

SW of the Spor Mountain Range:  There is a consistent extensional and SE directed “domino” like normal fault system (fault planes highlighted in blue color) where the majority of the known mines and prospects are exposed along those fault planes. Existing fluorite bearing volcanic breccia pipes formed prior to this fault system and were later offset. The pipes can be severed in several sliced sections as offset by subsequent parallel faults of the same system at different elevations. Blind targets and continuity of the mineralization can be found in the hanging wall displaced blocks to the SE of each fault.

 

Geological evidence at the Lost Sheep and Purple Pit deposits supports the geological model and was successful in finding additional fluorite bearing pipes when geologists were directed to prospect areas of interest.   Several breccia pipes exposed right at surface where located, including the spongy textures and fluorspar mineralization.

 

Fluorite bearing volcanic breccia found in-situ reaching the surface in the target zone.

 

Raul Sanabria, P.Geo., is a qualified person as defined by NI 43-101 and has reviewed and approved the technical contents of this news release.  Mr. Sanabria is not independent to the Company as he is a Director and shareholder.

 

Disclosure: Companies typically rely on comprehensive feasibility reports on mineral reserve estimates to reduce the risks and uncertainties associated with a production decision. The Company has not completed a feasibility study on, nor has the Company completed a mineral reserve or resource estimate at the Lost Sheep Mine and as such the financial and technical viability of the project is at higher risk than if this work had been completed. Based on historical engineering work, geological reports, historical production data and current engineering work completed or in the process by Ares, the Company intends to move forward with the development of this asset. The Company further cautions that it is not basing any production decision on a feasibility study of mineral reserves demonstrating economic and technical viability, and therefore there is a much greater risk of failure associated with its production decision. In addition, readers are cautioned that inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. The development of a mining operation typically involves large capital expenditures and a high degree of risk and uncertainty. To reduce this risk and uncertainty, the issuer typically makes its production decision based on a comprehensive feasibility study of established mineral reserves. The Company has decided to proceed without established mineral reserves, basing decision on past production and internal projections.

 

Lost Sheep Fluorspar Project – Delta, Utah

100% owned – 1,447 acres – 67 Claims

Located in the Spor Mountain area, Juab County, Utah, approximately 214 km south-west of Salt Lake City.

Fully Permitted – including mining permits.

NI 43-101 Technical Report identified extensive high-grade fluorspar with low levels of impurities.

Mining plan current and valid and approved by BLM[1]

[1] First approved by Rex Rowley – Area Manager, Bureau of Land Management – 24th August 1992.

Renewed by Paul B. Baker – Minerals Program Manager, Bureau of Land Management – 12th December 2016.

 

ON BEHALF OF THE BOARD OF DIRECTORS OF ARES STRATEGIC MINING LTD.

 

James Walker
Chief Executive Officer and President

 

For further information, please contact Mark Bolin by phone at 604-781-0535 or by email at mbolin@aresmining.com

 

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

 

Source:  Ares Strategic Mining Ltd.

Ares Strategic Mining Inc. Completes Delineation Drilling Assaying and Confirms High Grades of Naturally Occurring Fluorspar
  • Large homogeneous zones of high-grade Fluorspar discovered – suitable for direct shipping to industry without requiring any processing.
  • High grade zones up to 89% purity discovered at Ares’ Lost Sheep Fluorspar Mine.
  • Ares immediately commences mine planning and modelling with assay results.
  • Ares begins plant design and equipment defining.

 

Vancouver, BC – August 31, 2020 — Ares Strategic Mining Ltd. (TSXV: ARS) (OTCQB:ARSMF) (FRA: N8I1 (“Ares” or the “Company”)), is pleased to announce it has received all the assay results from its 12 Reverse Circulation delineation drill holes from the drill program conducted at its Lost Sheep Fluorspar mining operation located In Delta, Utah, US.

 

James Walker, President and CEO of the Company said, “The results have been a great validation of our project assessment and its potential. Not only do we have the only permitted and producing fluorspar mine in the U.S, but we can now confirm that high grades of naturally occurring fluorspar at our mine. This is excellent news for U.S. industries which import 100% of its fluorspar from abroad. Fluorspar is used in aluminum, steel, refrigeration units, electric car batteries, smart phones, medical supplies, cement, and hydrofluoric acid, and now U.S industry has the potential to source fluorspar domestically instead of from abroad. We have discovered large sections of fluorspar which already meet industry standards. We have commenced plant design work, block modelling, and resource calculations for the drilled and assayed fluorspar pipe. With the already completed metallurgical work, which the company recently announced had achieved the highest grade required by industry, Ares is advancing with its mine construction plans with the anticipation to supply to US industry in the near future.”

 

High-grade fluorspar is located within discrete near vertical fluorite bearing volcanic breccia pipes hosted within competent limestone.  Due to working safety and space limitations inside the actual LGP pit, all 12 RC drill holes were drilled from two locations/pads fanned through the fluorite bearing breccia pipe boundaries at different elevations to delineate the shape and grade distribution of the Fluorspar mineralization within it as well as the contacts with the limestone wall rock at different elevation levels.

 

A summary of the drill intersects and grades can be seen in the table below.

 

Hole ID Azimuth Dip From (m) To (m) Interval (m) %CaF2
LS-20-01 280 45 7.62 50.29 42.67 56.33%
including 10.67 30.48 21.34 72.87%
LS-20-02 280 65 12.19 41.15 28.95 54.30%
including 15.24 36.57 21.34 68.47%
LS-20-03 320 55 10.67 28.96 18.29 20.15%
LS-20-04 250 65 12.19 35.052 22.86 41.97%
LS-20-05 250 45 9.14 28.56 19.81 37.04%
LS-20-06 220 55 21.36 25.91 4.57 59.52%
and 39.62 68.58 25.91 20.77%
LS-20-07 320 45 0 6.07 9.07 69.19%
LS-20-08 360 90 0 30.48 30.48 58.91%
including 0 25.91 25.91 68.15%
LS-20-09 250 45 0 6.1 6.1 39.50%
LS-20-10 170 65 0 19.81 19.91 63.60%
and 56.39 60.96 5.57 17.46%
LS-20-11 170 45 0 13.71 13.71 51.60%
including 0 9.14 9.14 70.75%
LS-20-12 210 40 0 9.14 9.14 47.70%

 

 

These assay results confirm the very high fluorspar grades reported from historic productions at the different mines  that operated between the 1950’s and the 1980’ in the Spor Mountain by the USGS in various reports. These reports already indicated the fluorspar occurrences in the Spor Mountain rank amongst the highest naturally occurring fluorspar grades in the World.

 

As seen in the sections 1 and 2 following text, Fluorspar grades above 60% CaF2 are concentrated in the uppermost portion of the pipe to a depth of 35 to 40m, and then sharply decrease to 10-20% CaF2 averages in the lowermost part of the pipe (root). Silica contents are in general very low and there are no visible sulfides or any other deleterious elements, making it very clean product for further upgrading to acidspar.

 

For a more comprehensive view of the 3D distribution of Fluorspar and drill hole intersects, please follow the link below to access a video posted in the company’s website:

 

https://www.aresmining.com/post/the-3d-model-of-ares-lost-seep-fluorspar-mine-site

 

QA/QC

 

Core samples were sent to SGS in Burnaby (British Columbia) for preparation and then to SGS in Lakefield (Ontario) for analysis, with approximately three control samples inserted (one blank, one standard and one field duplicate for each twenty samples). The samples were analyzed for fluorine element using GC XRF76V (Included F 0.1-50%) package, that also includes SiO2%, Al2O3%, Fe2O3%, MgO%, CaO%, Na2O%, K2O%, TiO2%, P2O5%, MnO%, Cr2O3% and V2O5%. Comparison to control samples and their standard deviations indicates acceptable accuracy of the assays.

 

The drill hole information has been shared with P&E Mining Consultants to start working in a mineral resource estimate, economic models and subsequent mine design for optimum mining methods moving to the next stages of development which precede mining and production.

 

Plan view of the Lost Sheep Mine RC Delineation drill program, 2020.

 

RC Drilling Section 1 indicating strong high-grades of Fluorspar in the upper part of the fluorite bearing pipe.

 

RC Drilling Section 2 of the fluorite bearing pipe indicating the continuity of the fluorspar mineralization below 75m from surface, even though at lower grades (between <10 to 30% CaF2) than those found near surface.

 

Raul Sanabria, P.Geo., is a qualified person as defined by NI 43-101 and has reviewed and approved the technical contents of this news release.  Mr. Sanabria is not independent to the Company as he is a Director and shareholder.

 

Disclosure: Companies typically rely on comprehensive feasibility reports on mineral reserve estimates to reduce the risks and uncertainties associated with a production decision. Some industrial mineral ventures are relatively simple operations with low levels of investment and risk, where the operating entity has determined that a formal prefeasibility or feasibility study in conformance with NI 43-101 and 43-101 CP is not required for a production decision. The Company has not completed a feasibility study on, nor has the Company completed a mineral reserve or resource estimate at the Lost Sheep Mine and as such the financial and technical viability of the project is at higher risk than if this work had been completed. Based on historical engineering work, geological reports, historical production data and current engineering work completed or in the process by Ares, the Company intends to move forward with the development of this asset. The Company further cautions that it is not basing any production decision on a feasibility study of mineral reserves demonstrating economic and technical viability, and therefore there is a much greater risk of failure associated with its production decision. In addition, readers are cautioned that inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. The development of a mining operation typically involves large capital expenditures and a high degree of risk and uncertainty. To reduce this risk and uncertainty, the issuer typically makes its production decision based on a comprehensive feasibility study of established mineral reserves. The Company has decided to proceed without established mineral reserves, basing decision on past production and internal projections.

 

Lost Sheep Fluorspar Project – Delta, Utah

  • 100% owned – 1,447 acres – 67 Claims
  • Located in the Spor Mountain area, Juab County, Utah, approximately 214 km south-west of Salt Lake City.
  • Fully Permitted – including mining permits.
  • NI 43-101 Technical Report identified extensive high-grade fluorspar with low levels of impurities.
  • Mining plan approved by BLM[1]

 

[1] First approved by Rex Rowley – Area Manager, Bureau of Land Management – 24th August 1992.

 

Renewed by Paul B. Baker – Minerals Program Manager, Bureau of Land Management – 12th December 2016.

 

ON BEHALF OF THE BOARD OF DIRECTORS OF

ARES STRATEGIC MINING LTD.

James Walker
Chief Executive Officer and President

 

For further information, please contact Mark Bolin by phone at 604-781-0535 or by email at mbolin@aresmining.com

 

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

 

Source:  ARES STRATEGIC MINING LTD.

Ares Strategic Mining Inc. Is Pleased to Announce the Appointment of Keith Minty, a Senior Mine Builder, to Oversee Its Fluorspar Mine Development, Construction and Commissioning

– Ares appoints Mr. Keith Minty P. Eng. MBA to coordinate the project development, construction, commissioning and operations of the Company’s Lost Sheep Fluorspar Mine.

 

– Mr. Minty is a past Northern Miner’s “Mining Man of the Year” recipient.

 

– Mr. Minty has extensive experience leading the construction and commissioning of nine mines worldwide, including the largest open pit Palladium operation in North America.

 

– Mr. Minty has been employed as a senior mining engineer, mine superintendent, mine designer, and a mining CEO and President.

 

Vancouver, B.C. – August 19th, 2020 – Ares Strategic Mining Inc. (“Ares” or the “Company”) (TSXV:ARS) (OTC:ARESMF) (FRA:N8I1), is pleased to announce the appointment of Mr. Keith Minty, to the position of Vice President – Project Manager, responsible for coordinating, progressing, and launching, commissioning the Company’s new expanded fluorspar mining operation located near Delta Utah, U.S.A.

 

Mr. Minty obtained a B.Sc. in Mining Engineering from Queen’s University, Kingston Ontario, Canada in 1978 and an MBA from Athabasca University in 2014. Mr. Minty has over 30 years of international and domestic mine development and operating experience as a successful mine builder, developing dozens of projects from exploration stages through to production on several different continents. Among Mr. Minty’s previous projects, he restructured the only North American platinum group metal project with a C$350 million initial public offering and developed North American Palladium as the world’s fifth largest platinum group metal producer, with the lowest operating cost and the highest productivity.

 

After examining the Lost Sheep Mine and its potential, Mr. Minty has agreed to settle 60% of his future Invoices in Company Stock through a Shares for Debt Settlement. Mr. Minty has already commenced work on the Lost Sheep mine, bringing his experienced team and contacts to advance the mine to production. The Company has agreed to settle $14,100 of Mr. Minty’s Invoices through shares, at the current trading price of $0.10, for a total of 141,000 shares. Ares welcomes Mr. Minty to its shareholder base and draws great confidence from the endorsement and assessment he has made of the Company’s potential.

 

James Walker, President and CEO of the Company said, “We’re extremely pleased to welcome someone of Mr. Minty’s experience to our Company. His project development experience will be an invaluable asset to the company during the development stages of our Lost Sheep Mine. Having Mr. Minty’s assistance, and project development experience at our operation will greatly benefit Ares. We consider his involvement to be a major validation of our plans and future ambitions. We are very pleased to welcome him into the Company and are excited for the upcoming project development work, and to take advantage of his extensive professional experience.”

 

Raul Sanabria, P.Geo., is a qualified person as defined by NI 43-101 and has reviewed and approved the technical contents of this news release. Mr. Sanabria is not independent to the Company as he is a Director and shareholder.

 

Disclosure: Companies typically rely on comprehensive feasibility reports on mineral reserve estimates to reduce the risks and uncertainties associated with a production decision. Some industrial mineral ventures are relatively simple operations with low levels of investment and risk, where the operating entity has determined that a formal prefeasibility or feasibility study in conformance with NI 43-101 and 43-101 CP is not required for a production decision. The Company has not completed a feasibility study on, nor has the Company completed a mineral reserve or resource estimate at the Lost Sheep Mine and as such the financial and technical viability of the project is at higher risk than if this work had been completed. Based on historical engineering work, geological reports, historical production data and current engineering work completed or in the process by Ares, the Company intends to move forward with the development of this asset. The Company further cautions that it is not basing any production decision on a feasibility study of mineral reserves demonstrating economic and technical viability, and therefore there is a much greater risk of failure associated with its production decision. In addition, readers are cautioned that inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. The development of a mining operation typically involves large capital expenditures and a high degree of risk and uncertainty. To reduce this risk and uncertainty, the issuer typically makes its production decision based on a comprehensive feasibility study of established mineral reserves. The Company has decided to proceed without established mineral reserves, basing decision on past production and internal projections.

 

Lost Sheep Fluorspar Project – Delta, Utah

– 100% owned – 1,447 acres – 67 Claims

– Located in the Spor Mountain area, Juab County, Utah, approximately 214 km south-west of Salt Lake City.

– Fully Permitted – including mining permits.

– NI 43-101 Technical Report identified extensive high-grade fluorspar with low levels of impurities.

– Mining plan approved by BLM1

 

First approved by Rex Rowley – Area Manager, Bureau of Land Management – 24th August 1992.

Renewed by Paul B. Baker – Minerals Program Manager, Bureau of Land Management – 12th December 2016.

 

ON BEHALF OF THE BOARD OF DIRECTORS OF

ARES STRATEGIC MINING LTD.

 

James Walker
Chief Executive Officer and President

 

For further information, please contact Mark Bolin by phone at 604-781-0535 or by email at mbolin@aresmining.com

 

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

 

SOURCE:  Ares Strategic Mining Inc.

About Ares Strategic Mining


Ares Mining has recently acquired the only permitted and producing fluorspar mine in U.S. – Lost Sheep Mine. We are in the process of ramping up production through new equipment, designing a new plant tailored to our ore, acquiring new professional personnel and new strategic partners, and building a global customer base. We have offtake agreements with multinationals secured, and we are designing new mining plans to optimize output, as well as infrastructure investment so we can meet the demands of the large American market which currently has to import all its fluorspar from abroad.

We have ambitions to create a large mining operation, capable of producing industry-grade metspar and acidspar for the world markets, and a thriving, consistent, and healthy business through the next several decades.

 

MANAGEMENT

 

James Walker
President & CEO

 

James Walker has extensive experience in engineering and project management; particularly within mining engineering, mechanical engineering, construction, manufacturing, engineering design, infrastructure, safety management, and nuclear engineering.

 

James’ professional experience includes designing nuclear reactors, submarines, chemical plants, factories, mine processing facilities, infrastructure, automotive machinery, and testing rigs.

 

Mr. Walker holds degrees in Mechanical Engineering, Mining Engineering, and Nuclear Engineering, as well as qualifications in Project Management and Accountancy, and is a Chartered Engineer with the IMechE, registered as a Project Manager Professional with the APM, and registered with APEGA as an Engineer.

 

Viktoriya Griffin
CFO

 

Mrs. Griffin is dedicated and knowledgeable Chartered Accountant who has over a decade of experience in her field. She started her career by leading audit and assurance services for public companies withlarge international accounting firms, including Deloitte in the UK and E&amp;Y in Canada. Most recently, she led the CFO services line at Clearline CPA.

 

Viktoriya is now the CFO for a number of public companies on TSX Venture Exchange with national and international operations.

 

Mrs. Griffin provides financial insights and strategic advice enabling the businesses to grow. She is also an active supporter of her community by being a Board member and the Chair of the Audit and Finance

 

Committee of Habitat for Humanity of Greater Vancouver.

 

Raul Sanabria
VP of Exploration & Fluorspar Expert

 

Mr. Sanabria has over 20 years of international experience as an exploration and mine geologist in a variety of mineral deposits. He started his career working 5 years for MINERSA Group, the largest European Fluorspar Producer. He recently worked as Senior Exploration Manager for Tudor Gold Corp, VP Exploration for Rover Metals Corp., Chief Geologist for Red Eagle Exploration, and VP Exploration of American Creek Resources Ltd., G4G Resources Ltd., and Northern Iron Corp. He was President and CEO of Condor Precious Metals Inc. Currently, he is President of Malabar Gold Corp./Minera La Fortuna SAS focused on small scale gold production and toll milling in Colombia.

 

What is Fluorspar and Where Do I Use It?


Fluorspar is the commercial name for the naturally occurring mineral fluorite, composed of calcium and fluorine (CaF2).

Fluorspar is the predominant commercial source for the chemical element fluorine.

Fluorine is a non-metallic element and the lightest of the halogens and therefore largely irreplaceable in its use.

There are two principal commercial grades of fluorspar: Metallurgical grade (60-96% CaF2) and acid grade (+97% CaF2).

Metallurgical grade fluorspar accounts for approximately 35-40% of total fluorspar production with the principal applications being:

Steel production – used as a flux to lower the melting temperature and increase the chemical reactivity to help the absorption and removal of sulphur, phosphorus, carbon and other impurities in the slag

Cement – used as a flux to speed up the calcination process and enables the kiln to operate at lower temperatures

Acid grade fluorspar accounts for approximately 60-65% of total fluorspar production with the principal applications being:

Aluminium production – used to produce aluminium fluoride (ALF3) which acts as a flux to lower the bath temperature in the manufacture of aluminium

Manufacture of hydrofluoric acid (HF) – the primary source of all fluorochemicals (the single largest consumer of fluorspar), a wide range of applications include:

Fluorocarbons e.g. refrigerant gases, propellants, etc

Electrical and electronic appliances

Lithium batteries

Pharmaceuticals, polymers and agrochemicals

Petrochemical catalysts

Where is Fluorspar Produced and Consumed?

World production of fluorspar: 5.7Mt – 6.0Mt per year

The major producing regions are:

China (>50% of the world’s production)

Mexico

Mongolia/CIS

South Africa

The major consuming regions are:

China

North America

Europe

Mexico

Russia

 

How much does it cost?

Since the global financial crisis in 2009, there has been a contraction in acid-spar demand due to a combination of environmental legislation and demand – Fluorspar prices have followed such trend.

 

Acid grade fluorspar has historically commanded the highest price however the price gap between this and metallurgical grade fluorspar has reduced recently.

 

In 2017 prices for acid-spar have started to recover in China, export price for acid-spar (FOB China) – traditional benchmark price – is currently published as US$400-420/tonne.

 

The equivalent price delivered into Europe (CIF Rotterdam), published as US$300-340/tonne, has started to recover following the FOB China price recovery.

 

Specific Issues for Fluorspar

There are no net exporters of fluorspar in Europe and all EU Member States are reliant on imports.

China produces >50% of the world’s fluorspar.

Chinese fluorspar exports have continued to decline with acid-spar exports decreasing since 2011 – internal demand and production/export restrictions.

China may become a net importer in the future.

China listed fluorspar as a strategic mineral in 2017.

USA considers fluorspar as a Strategic Mineral.

North America and Europe are the largest acid-spar consumers outside China, all net importers – a potential risk to long term security of supply.

No large scale commercial alternative.

Future demand for fluorspar will highly depend on the development and use of fluorocarbon substitutes.

Industry view is that demand for acid-spar will increase by 4-5% per year over the next 5 years and prices are forecast to increase in the medium to long-term.

 

SOURCE:  https://www.aresmining.com/

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