AGORACOM News Flash

AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

Aim to develop and manufacture the best technology graphite in the world
Additional shareholder value will come from investment in commercialized graphene through joint venture partner, Grafoid Inc.

Read More | *SPONSOR

INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

AGORACOM Maintenance Alert: Friday Evening Downtime for About an Hour Read More

LOMIKO METALS (TSXV:LMR) Graphite and Zinc Price Outlook is Favourable Through 2013 Read More | *SPONSOR

Message: Notes 2/ emails from Chairman

Clavis

Rank: [?]

President

Points: [?]

23987

Rating: [?]

Votes: 222 Score: 3.5

Currently 3.6/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Notes 2/ emails from Chairman

posted on Mar 12, 09 02:06PM

ASX-LSE 080901 Abu Dabbab Reserve Increase.pdf (279KB)

Following the recent expansion of Abu Dabbab tantalum-tin Resources from 40 million tonnes to 44.5 million tonnes. we are delighted to now announce that Abu Dabbab Ore Reserves have increasing from 14.6 million tonnes to 30.24 million tonnes, an increase of 107%. This massive increase in the project's Ore Reserves plus the attractive new waste : ore ratio of 0.826 : 1.0, will undoubtedly provide the global tantalum market, investors and project financiers with increased confidence in the project which is set to become a dominant player in the global tantalum supply chain.

Gippsland Ltd (GIP LN), Mining - Egypt, Current Price: £0.05, Target Price: £0.27

BUY, target price £0.27

Analyst: Peter Rose, +442079365246

Event

Gippsland Limited has released a new Ore Reserve statement for the company's Egyptian Abu Dabbab tantalum-tin project.

Implication

Following a successful reverse circulation and diamond drilling programme, a substantial portion of the Indicated and Inferred Resources have been upgraded to the higher Measured and Indicated categories.

This upgrade has seen the combined Indicated and Measured Resources increase by 30% from 25Mt to 32.5Mt, whilst the total Mineral Resource increased by 11% to 44.5Mt. These figures were based on a 100g/t Ta2O5 cut-off.

The Measured Resource is now 15.2Mt grading 290g/t Ta2O5 and 0.143% tin. There is a further 17.3Mt grading 250g/t Ta2O5 and 0.078% tin in the Indicated Resources and 12Mt grading 200g/t Ta2O5 and 0.030% tin in the Inferred Resources.

The pit shell has been optimised and currently contains an undiluted mineral resource of 29.09Mt grading 270g/t t Ta2O5 and 0.113% tin with 22.8Mt of waste. This results in an attractive stripping ratio of 0.826:1.

Valuation

Other than a small change to the stripping scenario, there have been no changes to our modelling. The Net Present Value of the company remains A$331M, equivalent to A$0.61/share. The target price is unchanged at £0.27/share, based on 90% of the NPV.

Recommendation

We retain our Buy recommendation with an unchanged target price of £0.27/share.

Download FDC's Gippsland Ltd Flash Note

Fox-Davies Capital contact details:

Research: +44 (0)20 7936 5240

Sales: +44 (0)20 7936 5220

If you would like to receive other research reports from Fox-Davies Capital, or would like to unsubscribe, please e-mail FDResearch@fdcap.com

Gippsland Seymour Pierce - Delivering on Reserve Upgrade.pdf (258KB)

1st Sept 2008

Like Fox-Davies Capital Ltd, London brokers Seymour Pierce Ltd has maintained its BUY recommendation for Gippsland.

Proactive Investors 080903.pdf (247KB) 4th Sept 2008

Attached is some lighthearted reading - with a message.

Best regards
Jack Telford

I am pleased to advise that Gippsland's presentation was well received at the Africa Down-under conference held in Perth 4-5 September.

Please follow the link Gippsland Presentation to view the presentation which was compressed to fit in the 15 minute time slot provided.

ASX-LSE 081006 Share Placement.pdf (299KB)

Attached are details of the fundraising Gippsland completed in London last week.

The present international financial turmoil clearly presented difficulties in placing these shares, however it is important that the Company has sufficient funds on hand to vigorously attend to the development of our world-scale tantalum assets.

Best regards
Jack Telford

We are pleased to advise that the Investor Relations section of the Gippsland website now includes a link to presentations made by the Company at recent resource industry events. Please CLICK HERE to view the new web page and the presentations.

Gippsland will make a presentation at the Mining 2008 conference being held in Brisbane, Australia 29-30 October '08. This well attended event will enable investors and potential investors to fully appreciate the detail, quality and extent of Gippsland's world-scale tantalum-tin project which is scheduled to play a major role in the global tantalum industry for several decades.

Best regards