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Industrial Minerals Corporation owns 100% of Oregon Resources Corporation (ORC) which is developing the Southern Oregon Mineral Sands project covering approximately 2,600 acres of terraced mineral sands properties near Coos Bay in southwestern Oregon.
Exploration data created from work carried out by ORC and compiled with the U.S. Bureau of Mines and USGS data demonstrates the existence of heavy mineral deposits incorporating a multiple suite of minerals including chromite, garnet, zircon, ilmenite, magnetite, kyanite and stauorlite.All aspects of processing the extracted material will be undertaken on company owned property located in Coos Bay, Oregon.. The main plant to be constructed is designed to be highly efficient and scaleable with the ability to process from 500,000 to 1,200,000 tpa of material.
ORC has been established in the area since 1989 when the first stage of exploration was undertaken. Since that time management has been persistent and diligent in partnering with the local community to build economic growth and social infrastructure. The project offers benefits to the community and the company respectively through job creation and a stable work force.
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