InterGroup Mining Ltd is pleased to announce that it has signed an offtake agreement with the Traxys Group (www.traxys.com), covering the marketing and distribution of kaolin and metakaolin products produced from its Brumby Project in N Queensland, Australia. About Traxys Traxys is a physical commodity trader and merchant in the metals and natural resources sectors. Its logistics, marketing, distribution, supply chain management and trading activities are conducted by over 450 employees, in over 20 offices worldwide, and its annual turnover is in excess of USD 7 billion.
Headquartered in Luxembourg, Traxys is engaged in the sourcing, trading, marketing and distribution of non-ferrous metals, ferro-alloys, minerals, industrial raw materials and energy. The Group serves a broad base of industrial customers and offers a full range of commercial and financial services. Traxys, a privately held company, is owned by Traxys’ management team, The Carlyle Group (NASDAQ: CG), and affiliates of Louis M. Bacon, the founder of Moore Capital Management, LP, and Moore Strategic Ventures, LLC, Mr. Bacon’s privately held investment company.
IGM is operating a mineral property
within the Charters Towers region, in
the north-east of Queensland, where
it is currently developing a major gold
and kaolin project, approximately
250km from the major seaport of
Townsville. IGM has confirmed its
commitment to explore for and to
extract minerals under a net-zero
agenda. The company is currently
at the exploration and planning stage
but confirmed that when production
commences it will “go down a green
path” for the kaolin deposits, which
lie at surface level.
As of February 2022, IGM has
completed initial drilling at two
areas of its Brilliant Brumby project,
which is approximately 2% of the
identified area of potential kaolinised
mineralisation on the 2,630ha property
The two areas, Surprise and Clydesdale,
show an initial estimate of 9.2Mt
kaolinised granite for 3.67Mt of
contained kaolinite, with a comparative
validation assessment for the wider 5%
of the property that includes Surprise
and Clydesdale indicating 47Mt
kaolinised granite for 18.2Mt kaolin.
A product with great potential to fast-track decarbonisation
in the cement and construction industry lies at the heart
of InterGroup Mining’s hopes for its Brumby project in
North Queensland. The Queensland company has been
assessing the potential for kaolin extraction from the site
to produce metakaolin suitable as a supplement in making
cement and concrete. Townsville has been earmarked as
the base for the metakaolin production facilities. Kaolin itself is a growth commodity, with usage patterns
pointing to a steady 4.5 per cent per annum volume
growth between 2020-2025 from existing markets.
“However, they do not take into account the potentially
significant impact that metakaolin adoption by the
cement and construction industry may have on overall
demand; nor its use as an alternative feedstock in
HPA production – now classed as a critical mineral
in Australia,” an InterGroup spokesman said. “To explain,
InterGroup is confident that metakaolin, which is
produced from kaolin, will form a major component
of the decarbonisation strategies adoptedby the
cement and concrete sector as it seeks to meet
its 2030 and 2050 emission reduction targets.
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An Australian company focused on exploring and extracting
minerals essential to delivering a net zero emissions world.
IGM’s current focus is on developing a major high quality
kaolin and gold project located in NE Queensland, Australia