MINERAL RESOURCES

Ilmenite

A major raw material used in the manufacturing of titanium pigments and metals

Magnetite

A major Iron Ore mineral used as a feedstock for steel production. Also used as a heavy medium in the coal washing

Zircon

Used in the ceramics and chemical industries, it is also, increasingly, being used in the manufacture of high strength alloy.

Feldspar

Mineral composed of silica, aluminium and alkali elements. Feldspar is mainly used in glass manufacturing

 

Apatite

A natural source of phosphate for phosphoric fertilizers and animal feed. Demand for natural agricultural products

Corundum

Is with the exception of diamond, the hardest mineral known and is used as a high quality abrasive

TiO2

Rutile

Is the most abundant of three naturally occurring forms of titanium dioxide. Commercially important titanium mineral

COMPANY OVERVIEW

High Titanium Resources and Technology Limited (“HTL”), formerly Queensland Industrial Minerals Ltd (“QIM”), is a public company established on 31st October 2002 for developing a mineralized area known as ‘Wateranga’ under Exploration Permit Minerals (“EPM”) 13278.

The Wateranga project covers an area of approximately 8,038 hectares and is located approximately 80km southwest of Bundaberg, in south east Queensland. The focus of the current economic interest is an eluvial resource derived from weathered gabbro, which contains valuable minerals. The main focus of the project is ilmenite, but other potentially valuable minerals include feldspar , apatite, mica and zircon.

Mining Lease ML80116 of central target area has been granted in 2018, and the project is moving to production stage.

HTL develops steadily since the company established. Creating long-term shareholder value is always HTL’s priority. We commit to work in ways that are consistent with our values of integrity, performance and teamwork. HTL board members believe that as Wateranga Project will gradually move into production stage from 2021-2022 financial year, HTL will become emerging force in the industrial minerals industry, with supplying Australian and International market ample amount of high quality industrial minerals in the following 30 to 40 years. Meanwhile to accomplish HTL’s ultimate mission that is to output long-term values to shareholders, employees and local communities.

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LATEST NEWS

HTL 2020 AGM NOTICE (15/02/2021)

Dear Shareholders, HTL AGM 2020 Notice has been posted on Friday 12 February 2021, please note to check. AGM 2020 will be held at 10.00 am on Friday 5 March, 2021 at the registered office of the Compa...

Investment, Mining and Offtake Agreement has been executed (15/07/2020)

The board of HTL is pleased to announce that the Investment, Mining and Offtake Agreement has been executed between HTL and its strategic investor. The investor has extensive and successful experience...

HTL 2019 AGM NOTICE (05/11/2019)

Dear Shareholders, HTL AGM 2019 Notice has been posted on Tuesday 05 November 2019, please note to check. AGM 2019 will be held at 10.00 am on Friday 29 November 2019 at The Sutherland Room, Holme Bui...

ACTIVITY REPORT

Progressive rehabilitation and closure plan (PRCP) (19/10/2020)

HTL has engaged Department of Environment and Science (DES) for the application of PRCP. A pre-lodgement meeting was held last month and HTL will prepare and submit a proposed PRCP that meets the new requirements by 30 April 2021.

Wide Bay Burnett Resources Group(WBBRG) meeting online(03/09/2020)

The Wide Bay Burnett Resources Group(WBBRG) meeting was held online on 25 August 2020 due to the COVID-19 pandemic. As initial member of the regional group formed by state departments, local councils, mining companies and industrial experts, HTL reported the progress of the company including the recent execution of Investment, Mining and Offtake Agreement. As one of the most advanced developing resource project within the region, HTL plans to kick off the project in early 2021. With new policy and government fund to be introduced to stimulate the regional economy growth, HTL believes that the success of Wateranga Project will contribute to the recovery of regional economy.

HTL is establishing cooperative relationship with an European company (26/08/2020)

HTL is further establishing a cooperative relationship with an European based company that intends to finance HTL’s mineral sand project and also offtake part of ilmenite product. Both parties have signed MOU of offtake and investment , are willing to move forward to establish comprehensive cooperation relationship in the near future. The HTL board believes the potential cooperation will reinforce the set objective in terms of diversifying the market to reduce the risk.

HTL in support of Biggenden Bridge upgrade (25/08/2020)

HTL expressed our support for the upgrade of the Biggenden bridge in a letter through the Wide Bay Burnett Resources Group to the Minister of Transport and Transportation (TMR) of Queensland. As the transit point of the HTL’s established transportation route, the upgrade of the Biggenden Bridge will improve the road transportation conditions of HTL’s Wateranga project during the transportation of ore and reduce transportation costs accordingly. We look forward to seeing this plan realized as soon as possible. HTL is a founding member of the Wide Bay Burnett Resources Group and will support the local economic, cultural and environmental development on a long-term basis.

TIQ – HTL lends helping hand in Wide Bay Burnett (22/07/2020)

MARKET UPDATES

COVID-19 and GDP present unique picture for mineral sands (28/01/2021)

Excerpt from Mineral sands stocks on the ASX: The Ultimate Guide By Lorna Nicholas

Historically pigment demand, and consequently titanium mineral consumption, is linked to GDP.

It is also seasonal – experiencing the strongest demand during North America’s summer when home renovations etc are more prevalent.

However, with the onset of COVID-19 a unique picture has presented.

GDP was drastically down worldwide in 2020. But, with more people housebound and government stimulus incentives, smaller scale home renovations have continued – potentially mitigating some of the impact of a negative global GDP which was predicted to reach -4.4% in 2020.

This was according to the International Monetary Fund’s October 2020 World Economic Outlook report.

In Australia, the Reserve Bank’s November Monetary Policy Statement reveals an expected 4% contraction for the country in 2020.

Both global and domestic GDP are expected to rebound in 2021. The IMF anticipates global growth will strengthen to 5.2%, while the RBA expects Australia’s GDP will increase to 5%.

Both entities caution this is dependent on further virus outbreaks, resultant restrictions, and vaccine roll-outs.

In comparison to the drastic fall in GDP, the erosion of mineral sands pricing and production has been much milder.

Additionally, post COVID-19, government stimulus programs are anticipated in military and infrastructure, which will drive mineral sands demand – particularly in the US and China.

Spot price of 50% TiO2 ilmenite from overseas market (28/10/2020)

According to HTL’s first hand market research from overseas ilmenite buyers, 50% TiO2 ilmenite is sitting strongly around U$240 per ton and the demand market is still hungry for any available supplies.

IBIS World – The Outlook for Australian Mining (12/10/2020)

Minerals Council of Australia – Huge global opportunity for Australia’s mineral sands (21/09/2020)

Strong ilmenite demand continues (10/09/2020)

Australian mineral sand miner noted continuing firm demand from customers during the quarter supported further upward movement in ilmenite prices, while rutile and zircon prices remained steady.

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