Essential Assets for October 6

October 6, 2015 11:02 AM

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International Lithium Corp. is an exploration company with an outstanding portfolio of projects, strong management ownership, robust financial support and a strategic partner and keystone investor GFL International, a fully owned subsidiary of Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer.

Minbos Resources Ltd is pleased to advise that it has entered into a binding Deed of Offer and Release (Agreement) with African Phosphate Pty Ltd (AFP) to dispose of its rights in the Kanzi project in the DRC. Under the terms of the Agreement, AFP have also acquired all the historical technical data and study reports for a total consideration of USD200,000. The only Condition Precedent on the Agreement is the receipt by Minbos of the consideration that is due within 30 days. The cash proceeds on the disposal of the Kanzi project will be utilised for working capital purposes and to progress the Cabinda project.

Baraka Energy & Resources Ltd is pleased to announce that it has, after an extended period of discussions and communications, together with the support of Petrofrontier Corp and Statoil Australia Theta B.V. by way of supporting documentation, applied for  the renewal of Exploration Permit EP127 being the most Southerly of the two permits Baraka has an interest in, in the Georgina Basin, Northern Territory, Australia.

Blackham Resources Ltd is pleased report all the results from its maiden drill programme into the Golden Age reef. The latest drill results confirm the high grade nature of the Golden Age Reef. The drill results from the central portion of the Golden Age deposit average 2.2m (true width) @ 83g/t Au between the 900 to 1100m RL’s. This middle portion of the deposit includes the extremely high grade GAUD0003 intersection which contained visual gold with assay results returning 5.1m @ 198g/t Au from 173m which includes 0.8m @ 1,148g/t Au from 176.6m. The latest Golden Age drilling results provide further evidence of the high grade nature of the quartz reef which historically produced 160,000oz @ 9g/t fully diluted. This drilling has also demonstrated the system is still open and that the previous modelling appears to be conservative.

Concordia Maritime has renewed a contract with an international oil and gas company for 12 months for two vessels. The contract also includes an additional vessel for six months. The renewed contract relates to three P-MAX vessels: Stena Paris, Stena Provence and Stena Polaris.

Comstock Mining Inc. received on Saturday, September 12, 2015, the Nevada Excellence in Mine Reclamation Award. The Company received the Excellence in Mine Reclamation Award for the full restoration of the Keystone Mine, and was also recognized along with the Comstock Foundation for History and Culture, for Outstanding Rehabilitation of the historic Upper Yellow Jacket Hoist Works. Comstock’s reclamation of the Keystone Mine, in the Comstock Lode Historic Mine District, represented a full open cut land restoration, and the emergency restoration of the Upper Yellow Jacket Hoist Works saved an iconic landscape feature on the National Landmark. The Foundation, an established 501(c)(3) not-for-profit organization dedicated to the preservation of the historic district, identified, facilitated and funded the restoration.

Gulf Keystone, the operator of the world class Shaikan field in the Kurdistan Region of Iraq, is pleased to announce that total commercial production from the Shaikan field has now surpassed 15 million barrels with the current daily average production in excess of 40,000 barrels of oil gross. In July 2015, at the request of the Kurdistan Regional Government's Ministry of Natural Resources, the Company commenced trucking Shaikan crude oil a distance of 120 km to Fyshkhabour on the Turkish border for injection into the export pipeline to Ceyhan in Turkey. In anticipation of regular payments for pipeline export sales announced by the KRG earlier this month and at the request of the MNR, the Company is in the process of transferring all crude oil deliveries to the export pipeline. As of today, the Company's cash position is US$73.0 million, including the recent payment of US$15 million gross (US$12 million net to Gulf Keystone) now received for Shaikan crude oil exports.

Altona Mining Limited advises that further to its announcement of 26 June 2015, Altona has now received a Performance Guarantee from the Bank of China that affirms the US$2 million deposit required under the Framework Agreement with Sichuan Railway Investment Group has been deposited and is reserved for payment to Altona in the event of default by SRIG. Under the terms of the Framework Agreement, SRIG agreed to contribute cash of US$214.46 million with Altona contributing US$38 million in cash and the Cloncurry project to form a 40% Altona, 60% SRIG incorporated joint venture.

Blackham Resources Ltd is pleased to announce the publication of an Initiation Report by The Sophisticated Investor, covering the Blackham and the Matilda Gold Project. The report, presented via a series of short videos, follows extensive due diligence and a site visit by the TSI team and covers both technical and commercial aspects of the proposed operations at the Wiluna Gold Plant.

The Eyre Iron Magnetite Joint Venture has completed drilling and resource estimation at the Bald Hill Deposit, which forms part of the Fusion Magnetite Project on the Southern Eyre Peninsula in South Australia. Centrex Metals Limited holds a 40% share in the Joint Venture, with Wuhan Iron & Steel (Group) Co. holding the remaining 60%.

Western Australia’s leading apartment development company Finbar Group Limited has today announced that it has secured 51 sales to the value of $61.2 million on the opening weekend of marketing at the company’s Civic Heart Project in South Perth. Bordered by Mill Point Road, Mends Street and Labouchere Road, Civic Heart comprises a mixed use development located within South Perth’s local café and restaurant precinct with apartments enjoying exceptional views in all directions from the South Perth peninsula. Finbar obtained development approval for the project in May 2015. When completed, Civic Heart will be the tallest building outside the Perth City block.

St George Mining Limited is pleased to announce it has entered into a binding agreement with BHP Billiton Nickel West Pty Ltd to acquire 100% of the Hawaii Project and the Mt Alexander North Project located south‐west of the Agnew‐Wiluna belt in Western Australia which hosts numerous world class nickel and gold deposits. These new Projects increase the already substantial exploration upside offered by St George and will sit alongside the Company’s flagship and 100% owned East Laverton Nickel Sulphide Project in Western Australia.

Segue Resources Limited is pleased to announce that it has entered into a joint venture agreement with international resources company, MMG, over eight (8) tenements at the Company’s Plumridge Nickel Project in the Fraser Range Province, Western Australia. The Plumridge Nickel Joint Venture allows MMG to earn up to a 70% interest by funding up to $14 million of exploration covering 2,250km2 of exploration licences across the Fraser Range. Segue will retain a 100% interest in three (3) exploration licences which include the Corvette gold prospect and Salt Creek Intrusive Complex.

Finnair will welcome its first Airbus A350 WXB aircraft from Airbus in a delivery ceremony to be arranged on October 7, 2015. Finnair has 19 Airbus A350 XWB aircraft on order, to be received in 2015-2023. Finnair’s first Airbus A350 XWB enters into long-haul service on November 21, 2015 when the aircraft flies from Helsinki to Shanghai. The next A350 long haul destinations include Beijing, Bangkok, Hong Kong and Singapore as previously announced. Finnair will also take the aircraft to New York later this year, becoming the first airline in the world to fly to the US with this new aircraft type.

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About the Author

Lauren is the editorial assistant for Futures Magazine. She graduated from DePaul University in 2013 with a degree in English.