Thursday 30 October 2014

Presentation: TNR Gold Receives Royalty From McEwen Mining On "One Of The Largest Undeveloped Copper Projects".





TNR Gold NSR In Los Azules Copper Project: What Is Net Smelter Return?




Net Smelter Return (NSR) is the net revenue (total revenue minus production costs) that the owner of a mining property receives from the sale of the mine's metal/non metal products less transportation and refining costs. As a royalty it refers to the fraction of net smelter return that a mine operator is obligated to pay the owner of the royalty agreement. The royalty is paid in variable or fixed payments based on sales revenue received by a mining operator in return for mining output. It is contingent only on the sales price and quantity of product sold.[1]  Read more."




I am very pleased to report our latest development on Los Azules.

We have finally locked up the participation in this unique world-class copper  asset for the benefit of all our shareholders:

1. Now we do not have to wait for feasibility study.

2. We do not have to contribute any capital.

3. Our industry standard NSR in "one of the largest undeveloped copper projects", according to McEwen Mining, is in effect immediately and can be monetised now at any time.

4. 0.4% NSR is now attributed to the entire Los Azules project - it is higher than pro-rata 0.6% attributed to only our part of Los Azules before.

5. We will participate in sale of Los Azules by McEwen Mining within 36 month and it is not affecting our NSR. 

6. We are receiving shares in McEwen Mining.

7. Now TNR Gold will benefit directly from:

A. Sale of Los Azules by McEwen Mining within 36 months.
B. Rise in value of McEwen mining shares.
C. Rise in Copper prices.
D. Potential increase in the deposit size and quality of the reported resources of the entire Los Azules.
E. Further feasibility studies conducted by the McEwen Mining or the new Operator and advancement of the project.

Jim Mustard VP of PI Financial can provide you with additional information on Los Azules Copper project and TNR Gold assets related to it.


Please read our full legal disclaimer in our presentation and on our website: http://www.tnrgoldcorp.com/






Wednesday 29 October 2014

International Lithium Corp. and Ganfeng Lithium Finalize Joint Venture on Mariana Lithium Brine Project, Argentina.




China Rolls Out Welcome Mat for Electric Cars: Ganfeng Lithium Partners with International Lithium in Argentina and Ireland.



“Ganfeng has an army of lithium-focused geologists who looked at projects in every corner of the planet,” stated ILC president Kirill Klip in an exclusive interview, “but they chose ILC to do business with. This is a big de-risking factor for our current and future shareholders. The Chinese do their homework. They believe in the geology of our assets, our management and our development strategy.” Read more.



International Lithium And Ganfeng Lithium: Avalonia Lithium Project, Ireland.





International Lithium:


International Lithium Corp. and Ganfeng Lithium Finalize Joint Venture on Mariana Lithium Brine Project, Argentina

    Vancouver, B.C. October 29, 2014: International Lithium Corp. (the "Company" or "ILC") (TSX VENTURE:ILC.V) is pleased to announce that pursuant to Company news releases issued on August 5, 2014 and March 19, 2014 the Company and strategic partner, Ganfeng Lithium International Co. Ltd., have signed a joined venture agreement (the "Agreement") pertaining to the Mariana Lithium Brine project in Salta Province, Argentina.

    Final payments to secure 100% interest in the mineral rights that comprise the Mariana property and the transfer of the title of the mineral rights to Litio Minera Argentina S.A., a wholly owned subsidiary of ILC was announced on August 5, 2014.

    A detailed budget and plan to advance the project to pilot scale testing is in development.

    Under the terms of the Loan Conversion and Investment Agreement announced on March 19, 2014 (the "Investment Agreement"), GFL holds an 80% interest in the Mariana project (see March 19, 2014 news release). Further to the Investment Agreement, GFL will make available to ILC a loan of up to US$2,000,000 to cover a portion of, or the entirety of, ILC's required contribution to the joint venture.

    Mr. Kirill Klip, President, International Lithium Corp. comments, "Now that we have finalised the joint venture agreement with Ganfeng Lithium on the Mariana project, an accelerated exploration program leading to pilot scale testing is in the planning stages. Metallurgical testing can be conducted by Ganfeng Lithium using their technological expertise and research facilities. This will greatly reduce costs and improve efficiencies during the feasibility studies. Together we strive to become a primary source of lithium to meet the increasing global demand."

    Mr. Wang Xiaoshen, Vice Chairman/VP, Ganfeng Lithium Corp. notes, "Our target is to develop the most optimised process to realize the value of this high Potasium-Lithium ratio salar in the next stage."



    About the Mariana Project

    The Mariana potash-lithium brine project at Salar de Llullaillaco in Salta, Argentina, consists of several contiguous mining claims that cover an expansive 160 square kilometres. The claims strategically encompass the entire salar and a significant portion of the surrounding area (to provide site facilities for a processing plant if the project proves to be economically viable). The claims are 100% wholly owned by the Mariana Joint Venture.

    Salars, or salt lakes, host some of the largest known lithium resources in the world and the Mariana basin is one of the more prominent salars in the renowned lithium belt of South America, currently accounting for more than 70% of global lithium production.

    Initial surface brine sampling revealed highly compelling geochemistry reporting average grades of 440 milligrams per litre ("mg/L") lithium and 12,700 mg/L potassium. The potassium levels were unexpected and represent some of the highest grades comparative to any of the neighbouring salars outside of the world-class operation on the Atacama salar in Chile.

    International Lithium Corp. previously drilled four widely spaced reverse circulation drill holes (totalling 444 metres and positioned approximately 5 kilometers apart) to characterize the subsurface strata and brine within the 10 x 15 kilometer salar (salt lake). Results indicate homogeneous geochemical concentrations to the maximum depth of the holes (approximately 100 metres).

    The upper stratigraphic interval is primarily halite varying in depth from 18 to 32 metres in the peripheral areas and 66 metres deep proximal to the center of the salar. Below this predominantly halite layer an extensive mixed evaporite layer approximately 32-52 metres thick, consisting of greater than 60% fine to coarse sand, was encountered in the three peripheral holes. Below the evaporite sequences in all holes, an extensive medium to coarse grained, dark coloured, basaltic sand interval was encountered. Brine flow measurements recorded during drilling increased markedly below the halite sequence throughout the sand rich layers.

    Unconsolidated stratigraphic units with a significant granular or sand component possess physical characteristics that allow them to maintain a higher degree of permeability and porosity at greater depths than halite (salt) units. Consequently, they represent a potential aquifer for hosting brine at depth and are an important target in the lithium-potash brine exploration model. The measured brine densities, ranging from 1,190 to 1,298 grams per litre ("g/L"), reflect a considerable quantity of dissolved salts, approximately 10 times the salinity of seawater.

    John Harrop, P.Geo, FGS, is the Company's Qualified Person on the project as defined under NI 43-101 and has reviewed the technical information contained in this press release.

    About International Lithium Corp.

    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 Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer.

    The Company's primary focus is the Mariana lithium-potash brine project, within the renowned South American "Lithium Belt" that is the host to the vast majority of global lithium resources, reserves and production. The 160 square kilometre Mariana project strategically encompasses an entire mineral rich evaporate basin that ranks as one of the more prospective salars or 'salt lakes" in the region.

    Complementing the Company's lithium brine project are rare metals pegmatite properties in Canada and Ireland. These projects reported highly encouraging lithium mineralization in drill holes targeting pegmatites that are unexposed at surface (news releases dated April 3,2013 and June 25, 2013).

    With the increasing demand for high tech rechargeable batteries used in vehicle propulsion technologies and portable electronics, lithium is paramount to tomorrow's "green-tech" economy. By positioning itself with solid development partners and acquiring high quality grass roots projects at an early stage of exploration, ILC aims to be the green tech resource explorer of choice for investors and build value for its shareholders.

    On behalf of the Board of Directors,

    Kirill Klip
    President, International Lithium Corp.


    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements."

    Grant Williams: All You Need To Know About Swiss Gold Referendum.



    Great presentation from Grant Williams on this groundbreaking event for the Switzerland and the Gold market! We are close to the very important catalyst point for the Gold market now.

    The China Money Report: Gold At $7,000 Article Goes Viral In Chinese Media.



      The timing of this article is very interesting: we have the upcoming Swiss Gold Referendum, China buys record amount of Gold and there are more voices about US Dollar losing its reserve currency status every day. Nobody knows the future, but it is important to note: "... that most of Chinese economist think that the price of gold should be $ 2,400 / once." Read more."

    Koos Jansen: The Chinese Precious Metals Market Is On Fire.






    TNR Gold Shotgun: NOVAGOLD Reports Major Progress in Advancing Donlin Gold up the Value Chain.

      


      We have the major news for Alaska Gold mining industry from our neighbours - Donlin Gold is moving forward! NOVAGOLD and TNR Gold were developing Shotgun Gold project together and in 2010 our company has consolidated the project and now owns 100% of it. NOVAGOLD has received TNR Gold's shares and warrants. Greg Johnson - one of the founders of NOVAGOLD has joined TNR Gold board after our very impressive results from the drilling program in the Fall 2012. Please watch the video to find out his personal statement: Read more."


    Monday 27 October 2014

    WSJ: Single Firm Holds More Than 50% of Copper in LME Warehouses.

      


      Red Kite is the well known company to the industry insiders, what do they know the others don't about the coming squeeze in the Copper market? Fortunes can turn around very quickly with rising Copper price in the tight market and China's SRB coming into the market again.

    TNR Gold NSR In Los Azules Copper Project: What Is Net Smelter Return?




    I am very pleased to report our latest development on Los Azules.
    We have finally locked up the participation in this unique world-class copper  asset for the benefit of all our shareholders: Read more."



    WSJ:


    "A single buyer has snapped up more than half the copper held in London Metal Exchange warehouses, giving it control over a crucial source of supply and raising concerns among traders about the potential for higher prices.
    On several occasions in the last month, this buyer held as much as 90% of the world’s copper stored in LME-licensed warehouses, equal to about 140,000 tons, or enough to make the copper parts of the Statue of Liberty more than 1,700 times. As of Wednesday, the buyer owned between 50% and 80% of copper held in warehouses, according to the most recent exchange data.
    At today’s prices, a 50% to 80% share of LME copper inventories would be worth anywhere from roughly $535 million to about $850 million.
    Although the exchange doesn’t identify the owners of metals, eight traders and brokers working for different firms active on the LME said they believe Red Kite Group, a London hedge-fund manager that focuses on metals trading, was the one buying. One of the brokers said that when he needs to buy copper for clients, contacts in the market refer him to Red Kite, indicating the fund is sitting on a large pile of metal.
    ENLARGE
    Red Kite declined to comment.
    Banks often hold large portions of the metal in LME-licensed warehouses on behalf of clients, but a hedge fund holding that much copper is less common, traders and brokers say. The London Metal Exchange, owned by Hong Kong Exchanges & Clearing Ltd. , doesn’t limit how much metal a single trader may hold in its warehouses, and says that it has mechanisms in place to prevent market squeezes—a situation in which holders of a large share of the supplies use their position to jack up prices. For example, it requires a company with a dominant position to lend metal for short periods and it caps the amount of money that can be charged for that service.
    “The LME constantly monitors its markets to ensure that trading is orderly,” a spokeswoman for the LME said. The LME’s “lending guidance” system “is the most effective way to manage pressure arising from dominant positions in our market.”
    Prices ticked higher last week in response to positive economic news from China, the world’s biggest consumer of the metal. They remain below their levels at the start of the year because demand has been sluggish and production capacity is expected to increase. The official price of copper for delivery in three months on the LME was $6,696 on Friday.
    The metal’s owner could be wagering that global copper supplies will tighten, causing prices to shoot up, analysts say. The price of copper traded on the LME is used as a global benchmark, and metal users rely on the exchange’s warehouses for emergency supplies. If one firm owns most of that spare supply, it can charge higher prices to buyers, analysts say.
    “There’s no reason for anyone to be holding 70% of the stocks of the commodity,” said Jessica Fung, head of Commodities Metals at BMO Capital Markets.
    Established in 2004, Red Kite is now run by two of its founding partners, Michael Farmer and David Lilley, both alumni of the German industrial conglomerate Metallgesellschaft AG, which collapsed in 1993. The fund is known for its bold and extremely profitable trades involving copper, as well as other metals. Red Kite Group manages $2.3 billion, according to its website.
    A single firm has owned at least 50% of the copper in LME-licensed warehouses for much of the last four months. Accumulating such a dominant position became easier in June because the amount of metal under the exchange’s watch had plummeted, as had prices. The warehouses have held less than 160,000 tons of copper since mid-June, compared with more than 360,000 tons at the start of the year. Some analysts say copper production is running behind demand, forcing some users to draw on stockpiles in LME-licensed warehouses.
    Some traders say the concentration of so much copper under one firm’s control is already driving up prices. It costs about $72 more per ton to buy copper for delivery today than for delivery in three months. Others say copper is more expensive because miners aren’t meeting global demand.
    The LME’s regulatory function has come under intense criticism from aluminum buyers, who have complained of long waits and high costs to get supplies out of certain warehouses. The exchange has responded by changing its rules.
    —Tatyana Shumsky contributed to this article.
    Write to Sarah Kent at sarah.kent@wsj.com, Ese Erheriene at ese.erheriene@wsj.com and Ira Iosebashvili atira.iosebashvili@wsj.com"

    Sunday 26 October 2014

    Egon von Greyerz on the Swiss Gold Referendum - A Yes Vote Would Be A Shock in the Gold Market.


    The China Money Report: Gold At $7,000 Article Goes Viral In Chinese Media.



      The timing of this article is very interesting: we have the upcoming Swiss Gold Referendum, China buys record amount of Gold and there are more voices about US Dollar losing its reserve currency status every day. Nobody knows the future, but it is important to note: "... that most of Chinese economist think that the price of gold should be $ 2,400 / once." Read more."

    Koos Jansen: The Chinese Precious Metals Market Is On Fire.






    TNR Gold Shotgun: NOVAGOLD Reports Major Progress in Advancing Donlin Gold up the Value Chain.

      


      We have the major news for Alaska Gold mining industry from our neighbours - Donlin Gold is moving forward! NOVAGOLD and TNR Gold were developing Shotgun Gold project together and in 2010 our company has consolidated the project and now owns 100% of it. NOVAGOLD has received TNR Gold's shares and warrants. Greg Johnson - one of the founders of NOVAGOLD has joined TNR Gold board after our very impressive results from the drilling program in the Fall 2012. Please watch the video to find out his personal statement: Read more."


    The China Money Report: Gold At $7,000 Article Goes Viral In Chinese Media.

      

      The timing of this article is very interesting: we have the upcoming Swiss Gold Referendum, China buys record amount of Gold and there are more voices about US Dollar losing its reserve currency status every day. Nobody knows the future, but it is important to note: "... that most of Chinese economist think that the price of gold should be $ 2,400 / once."

    Koos Jansen: The Chinese Precious Metals Market Is On Fire.







    The China Money Report:


    Dan Collins 
    CMR 
    “Gold going to $7,000″, an article today in the Chinese media is
    going viral and one of the most viewed articles in the financial
    press. The article references American Jim Rickards and his concept
    of comparing inflation-adjusted gold prices. Most Chinese economists
    think that the price of gold should be approximately $ 2,400 / ounce,
    instead of the current $ 1,235.
    The article references estimates by Jim Rickard’s that if Central banks
    had to to use gold to support its currency, then the price of gold will
    go to $ 7,000/ oz. That only includes the printing that has been done
    already, not the continuous printing of fiat currency that continues
    unabated by Central banks all over the world.
    Todays volatile financial markets are a warning that todays assets have
    no actual real underpinning. There is no insurance. Gold stands as the
    bulwark.
    Although the U.S. Dollar is the reserve currency of the world today,
    gold is the key to the new millennium of global trade balances.
    The Dollar is losing its reserve status, holdings by Central Banks have
    been going down for decades. Meanwhile, Chinese RMB holdings are
    skyrocketing across the globe. The U.S. has been running trade deficits
    for 30 years, when the Dollars start to go back onshore their will be a
    global puke of the financial system and inflation levels the U.S. has not
    seen in its entire history.
    Are you ready? China Money Report."

    TNR Gold NSR In Los Azules Copper Project: What Is Net Smelter Return?



    Wikipedia:

    Net Smelter Return.


    From Wikipedia, the free encyclopedia
    Net Smelter Return (NSR) is the net revenue (total revenue minus production costs) that the owner of a mining property receives from the sale of the mine's metal/non metal products less transportation and refining costs. As a royalty it refers to the fraction of net smelter return that a mine operator is obligated to pay the owner of the royalty agreement. The royalty is paid in variable or fixed payments based on sales revenue received by a mining operator in return for mining output. It is contingent only on the sales price and quantity of product sold.[1]
    The term is named so due to the fact most of the time, mining output sold requires further processing by smelters; the mining products purchased directly by smelters are sold to them for a discounted (net) price based on how much further processing is needed.[2] The mining lease specifies the selling price (prices are different in spot and forward markets) and is used to verify the exact amount of product that's produced and sold between royalty payments.
    One advantage NSR royalties have over other royalties is that usually, payments are higher in the short term because capital costs and exploration costs cannot be used as deductions (some royalties don't have to be paid until after other costs such as loans / amortization are taken care of). Also, mine life and royalty expiration dates need to be taken into consideration. The royalty can be called a Net Value Royalty when deductions are based solely on the contract.[1]
    Alternatively the Gross Smelter Return is a percentage of gross revenue paid by mine owner that isn't subject to any deductions.[1]"




    I am very pleased to report our latest development on Los Azules.

    We have finally locked up the participation in this unique world-class copper  asset for the benefit of all our shareholders:

    1. Now we do not have to wait for feasibility study.

    2. We do not have to contribute any capital.

    3. Our industry standard NSR in "one of the largest undeveloped copper projects", according to McEwen Mining, is in effect immediately and can be monetised now at any time.

    4. 0.4% NSR is now attributed to the entire Los Azules project - it is higher than pro-rata 0.6% attributed to only our part of Los Azules before.

    5. We will participate in sale of Los Azules by McEwen Mining within 36 month and it is not affecting our NSR. 

    6. We are receiving shares in McEwen Mining.

    7. Now TNR Gold will benefit directly from:

    A. Sale of Los Azules by McEwen Mining within 36 months.
    B. Rise in value of McEwen mining shares.
    C. Rise in Copper prices.
    D. Potential increase in the deposit size and quality of the reported resources of the entire Los Azules.
    E. Further feasibility studies conducted by the McEwen Mining or the new Operator and advancement of the project.

    Jim Mustard VP of PI Financial can provide you with additional information on Los Azules Copper project and TNR Gold assets related to it.


    Please read our full legal disclaimer in our presentation and on our website: http://www.tnrgoldcorp.com/

    Stay tuned: new presentation will reflect this very important development for our company.