Anfield Resources is a prominent emerging resource development company with a primary focus on energy metals throughout the Americas. Energy metals are those metals used in the generation, transmission, or storage of electricity. With the acquisition of a mill and near-term production assets, Anfield is well positioned to benefit from the growing global demand for energy. Furthermore, with a commodity-diverse portfolio of assets throughout several mining-friendly jurisdictions, Anfield is less susceptible to the commodity-specific downturns that most pure-play development companies face.
Anfield’s team is comprised of a dynamic group of industry professionals whose vast experience in the mining, exploration, and finance sectors is combined with their resourcefulness, creativity, and an unrelenting focus on Anfield becoming a leading development and production company.
Anfield’s assets are described below:
Shootaring Canyon Mill
The Shootaring Canyon uranium mill, located approximately 48 miles (77 kilometers) south of Hanksville, Utah, is a conventional acid-leach facility that is permitted to process up to 750 tonnes of ore per day, with a capacity to process up to 1,000 tonnes per day. The mill was built in 1980 and during its period of operation it produced and sold 27,825 pounds of U3O8. The mill ceased operations in 1982 due to the depressed price of uranium, and has since been kept on care and maintenance. The surface stockpiles at the facility include a historical estimate of 250,000 pounds of U3O8 at an average grade of 0.13% U308.
The portfolio of conventional uranium assets encompasses approximately 65,500 acres (~26,507 hectares) and consists of patented mining claims, unpatented mining claims and State mining leases in Utah, Colorado, Arizona and South Dakota. The portfolio also includes a historical estimate of measured and indicated mineral resource of 6.8 million pounds of U3O8 grading approximately 0.19% U3O8. Finally, surface stockpiles contain uranium ore with a historical mineral resource estimate of approximately 165,000 pounds of U3O8 grading 0.09% U3O8. A description of the key uranium asset – Velvet–Wood – is shown below:
The most advanced asset in Anfield’s uranium portfolio is the Velvet-Wood deposit. Between 1979 and 1984 approximately 400,000 tons of ore were mined from the Velvet deposit at grades of 0.46% U3O8 and 0.64% V2O5 (recovering approximately 4 million pounds of U3O8 and 5 million pounds of V2O5). Some underground infrastructure is already in place at the Velvet mine, including a 3,500 ft long, 12’ x 9’ decline to the ore body. The remaining historical mineral resources of the combined Velvet and Wood mines have been estimated to comprise 4.6 million pounds of U3O8 at a grade of 0.285% U3O8 (measured and indicated resource) and 638,500 pounds of U3O8 at a grade of 0.173% U3O8 (inferred resource).
The Aura Project is a nascent copper producing operation situated 20 miles east of Copiapo in Atacama, Chile, one of world’s foremost copper producing regions. Aura consists of eight mining concessions totaling over 1,130 hectares (2,792 acres). From these concessions, copper-mineralized material is mined and stockpiled for shipment to the Enami processing facility, a government mining agency whose sole mandate is to facilitate the operations of small and medium-sized mining companies.
The Binghampton-Copper Queen Project lies within the Arizona VMS Belt 27 kilometers (17 miles) southeast of Prescott, Arizona. The Project consists of 2,032 hectares (5,021 acres) of private, BLM, and State land. The two past-producing copper mines on the property – Binghampton and Copper Queen – are separated by a mile-wide valley. According to the Arizona Geological Survey, Binghampton produced approximately 8,000,000 pounds of copper at an average grade of 3.1% prior to its closing in the 1920s, while Copper Queen produced less than 100,000 pounds.
The North Star Project, located less than 80 kilometers (50 miles) northwest of Tucson, targets relatively shallow oxide copper at the historic North Star site in the heart of Southern Arizona’s copper country. The Project covers approximately 1,600 hectares (4,000 acres), and has been permitted to conduct exploration drilling at 16 sites.