A strategic expansion that reinforces our commitment to delivering high-quality mining solutions while driving economic growth and industry progress.
Located in J. Panganiban, in the Camarines Norte province in the resource-rich North Eastern fringes of the Philippines.
Building on our accomplishments during the last few years, Skaff now plans to develop its own mine in an iron deposit located in J. Panganiban, in the Camarines Norte province in the resource-rich North Eastern fringes of the Philippines.
With the management team strategizing to capitalize on this opportunity during the year, the mine has proven mineral resources of approximately 6.267 Million Metric Tons with an Iron purity for circa 37%.
By the middle of 2025, we anticipate we will be positioned to ship the beneficiated ore at a purity of 62% and will be ready to offer a stable supply of the commodity.
On the 8th of April 2021, Skaff was able to revive a dormant Mineral Production Sharing Agreement (“MPSA”) 308-2009-V which was owned by the heirs of Isabelo F. Fonacier.
The Fonacier will remain the rightful owner of the MPSA and Skaff Construkt, Inc. will remain as the exclusive mining operator which will be able to distribute, sell and export the mineral products that the mine will produce.
The operating agreement between Skaff and the Fonaciers was officially signed on the 28th of April 2021.
MPSA 308-2009-V has an area of 153.747 hectares located in Sitio Dawahan, Brgy Nakalaya , Jose Panganiban, in the Camarines Norte province of the Philippines.
The rights over the mineral claims has a balance of about thirteen (13) years before expiration. An extension of another 25 years may be applied for which will allow SKAFF to operate until 2059.
The mineral claim is 187 aerial kilometers South East of Manila. The location can be reached within eight hours eight via a robust 340 kilometer concrete paved. Alternatively, a one hour flight from Manila to Naga can be taken, and from there, the location can be reached within two hours by car.
Geology & Minerallization
The property is located within the the Tumbaga Formation which hosts a number of magnetite skarns and base metal occurrences defining a base metal and iron belt. The Skaff property is within an iron-rich territory with proven reserves. The location also happens to be in the vicinity where Philippine Iron Mines (“PIM”), a major local corporation formerly established a mining operation there to produce pelletized iron ore.
PIM is known for mining iron ore between 1918 and 1975. In 1971 its reserves were 49m metric tons with a purity of 27.5%. Some 222 million tons of product was then extracted by PIM before it shuttered its operation in 1975 when prevailing iron ore prices were circa $17.30 per dry metric ton.
The SKAFF property is just South East of the PIM Bessemer open pit. The area is widely known for its exponential mineral wealth, with numerous major deposits of copper, gold, molybdenum, cobalt and also uranium.
SCALE OF THE BICOL IRON ORE PROJECT
When assessing the merits of this project, we assumed 25% purity cut off grade to determine the Mineral Resources available at the site, by randomly collecting samples from 32 holes, and drilling 6 ourselves to tabulate the findings and conduct sufficient due diligence.
Constructon Of Ore Dressing Plant
In addition to the drilling project, Skaff will construct an ore dressing plant to be designed by an accredited ACP for metallurgy.
The plant is expected to then produce iron ore of 62 % Fe grade for export to China. The plant operation will not involve any processes which will have any chemical reaction. The ROM ore will be crushed, screened, and will pass through magnetic separators to attain the 62% iron grade.
Beyond
With our project lying squarely in a location where there are rich amounts of iron. We are also in the process of conducting detailed research to locate the 22 million tons of product that PIM was extracting before it closed down.
From mining to infrastructure, we are committed to driving industry growth and delivering excellence.
Connect with us today and discover how SKAFF can support your business needs.
Main Office:
SKAFF Building, 322 Aguirre Avenue,
BF Homes, Paranaque City, Philippines
Contact:
+63 917 118 9700
info@skaffinternational.com