Green Light from Brazil‘s Mining Authority Strengthens Homerun‘s Silica Development
With today´s news, Homerun Resources Inc. has taken another decisive step forward in consolidating its position as a leader in high-purity silica. Brazil’s National Mining Agency (ANM) has formally approved the Final Exploration Report for mineral rights leased from Companhia Bahiana de Pesquisa Mineral (CBPM) in the Santa Maria Eterna High Purity Silica District, Bahia, Brazil. The report, which includes a NI 43-101 compliant Mineral Resource Estimate, outlines 25.56 million tonnes (Measured) and 38.35 million tonnes (Inferred) of ultra-high-grade silica sand (>99.6% SiO2). This marks a significant validation of the scale and quality of Homerun’s silica holdings and provides the foundation for the next step – submission for the Final Mining Permit.
Rockstone is a research house specialized in the analysis and valuation of capital markets and publicly listed companies. The focus is set on exploration, development and production of resource deposits as well as marcoeconomic analysis of commodity and currency markets. Our international team of five analysts bring our German and English speaking readership a wealth of experience from the commodity markets: Stephan Bogner (mining analyst), John P. Barry (professional geologist), Chris Berry (macroeconomist), Prof. Dr. Hans Bocker (award-winning book author), and Boris Gerjovic (fundamental analyst).
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