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AVANTI MINING INC.

Mining Company & Property Database
Detailed information on thousands of mining companies and mineral properties

TSX-V:AVT (CAD)  0.17 [+0.01 (+6.25%)] Nov 20 2009 - Close

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Type: Public
Classification: Track
Advanced or Above
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5251 DTC PARKWAY, SUITE 405
GREENWOOD VILLAGE
Colorado
USA, 80111
Phone: +1 303 565-5491
Fax: +1 303 565-5496

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Company Summary

Avanti Mining Inc. is focused on acquiring, exploring, and developing mineral resource projects. In October, 2008, Avanti announced it had acquired an undivided 100% direct interest in the past producing Kitsault Molybdenum mine in Northern British Columbia.

Company News

Monday, November 16, 2009
Property: KITSAULT MINE
Avanti Mining released the results of the NI43-101 compliant Pre-Feasibility Study. Highlights include: A mine plan for a total of 215.3 million tonnes of proven and probable reserves grading 0.085% molybdenum to be mined over a 15-year mine life, producing 368 million pounds of molybdenum. The first five years of production averages 0.10% Mo. With an initial capital costs are estimated at $641 million with the base case after-tax NPV (8%) aat $551 million and an IRR of 20.6%. Cash operating costs are estimated to be $4.43/lb of accountable molybdenum (recovered molybdenum less 1% deductions) and annual metal production for the mine life averages 24.5 million pounds of molybdenum with the first five years averaging 29.2 million pounds per year.

News Releases

Monday, November 09, 2009
Monday, November 09, 2009
Wednesday, October 07, 2009
Wednesday, October 07, 2009

Mineral Properties Map

Map Legend:
ProducerProducer
Past ProducerPast Producer
DevelopmentDevelopment
ExplorationExploration
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