Amasis Iron-Titanium-Vanadium Project

The Amasya Titanium-Vanadium Project, developed by Spil Madencilik, focuses on exploring and producing critical minerals titanium and vanadium, with additional potential for strategic byproducts such as cobalt and rare earth elements (REE). The project is located near İlyas Village in the central district of Amasya, Turkey, an area strategically selected for its significant geological potential and superior logistical infrastructure, facilitating efficient mining and mineral processing.

Project Location
The project spans approximately 1,927 hectares and is easily accessible, close to central Amasya, ensuring excellent logistical efficiency and economic viability.

Geological Details
The project site is predominantly characterized by extensive mineralized gabbro formations, which have substantial potential for hosting titanium and vanadium mineralization. Initial geological studies have identified mineralized zones extending approximately 3 kilometers long and 2 kilometers wide, containing an average of 4% TiO₂ and approximately 300 ppm vanadium, alongside notable anomalies of cobalt and rare earth

Exploration Targets

The primary objective for the Amasya Project involves identifying and delineating a resource base of around 50 million tonnes, characterized by 4% TiO₂ and about 300 ppm vanadium. Planned exploration activities include comprehensive geological mapping, geophysical surveys, and targeted drilling programs to validate these initial estimates and further investigate the occurrence of additional valuable minerals such as cobalt and REE.

Production Phases

The project is structured into two main phases:

Phase 1:

Mining: Ore extraction from the identified mineralized zones.
Gravity and Magnetic Separation: Production of concentrate containing at least 40% TiO₂ and approximately 0.5% V₂O₅.
Initial annual concentrate production targets will be guided by market conditions.

Phase 2:
Advanced Products: Production of sponge iron, ferro-titanium, and further extraction of vanadium from final slags.
Chemical Processing: Implementation of advanced leaching processes to produce high-purity vanadium pentoxide (V₂O₅) and recovery of other valuable critical minerals.
Project Comparison Internationally, the Amasya Project aligns closely with prominent titanium-vanadium projects such as the Mustavaara Project in Finland, recognized for its effective extraction of titanium, vanadium, and iron. Domestically, the Amasya Project parallels the Azıtepe Project, sharing similar geological conditions and strategic importance in enhancing Turkey's critical minerals sector.