Eisennuggets starten durch.
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Advanced Explorations' Additional Metallurgical Work Confirms PEA C-Zone Findings
TORONTO, ONTARIO--(Marketwire - March 10, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce that metallurgical work undertaken by COREM on the C Zone core samples of AEI's Roche Bay Magnetite Project located on the coast of the Melville Peninsula in Nunavut, Canada, has verified the previous work performed by SGS Lakefield Research. The additional metallurgical work was carried out as part of the Definitive Feasibility work requirements. The results have confirmed it is possible to produce a concentrate that meets the operational requirements of an iron nugget plant and, in addition, a standard concentrate quantity that meets the quality specification imposed on standard concentrate. The Company's 2010 plan is to undertake the necessary work (metallurgical, engineering, drilling, etc.) to complete a Definitive Feasibility Study. The results from the Preliminary Economic Assessment (PEA) of the asset's C-Zone indicated a very robust project as summarized below:
Highlights include:
* Annual production of 1 million tonnes of high value 96% - 98% Fe iron nuggets.
o Forecast sale value of US $500 / tonne nugget, freight on board ("FOB")
o peak price of US $750 / tonne nugget (70% of 2008 peak prices)
* Operating Expenditure ("OPEX"): US $176 / tonne nugget
* Net Present Value ("NPV") before taxes at a 10% discount rate:
o US $1.16 billion at US $500 / tonne nugget
o US $2.76 billion at US $750 / tonne nugget
* Pre-tax Internal Rate of Return ("IRR"):
o 24.4 % at US $500 / tonne nugget
o 39.5 % at US $750 / tonne nugget
* Capital Expenditure ("CAPEX"): US $1.11 billion.
A copy of the Preliminary Economic Analysis as previously press released on June 10th, 2009 has been filed on SEDAR.
John Gingerich, President & CEO of AEI, commented:
"The metallurgical work was an important step in confirming the process flow sheet will produce a suitable concentrate to supply the proposed nugget plant. The Company will now continue to move forward on the other aspects of the Definitive Feasibility Study, which we expect to complete by early Q1/2011, and then initiate pre-development project financing. With the baseline environmental study already completed, the Company should be into the Impact Benefits Agreement (IBA) negotiations and the mine permitting process by next year. Despite the setbacks from the economic collapse in 2008, we remain on track to deliver an important development opportunity for AEI shareholders and Nunavut".
ON BEHALF OF THE BOARD
John Gingerich, President & CEO
ABOUT Advanced Explorations Inc.
Advanced Explorations Inc., based in Toronto, Ontario, is a resource development company focused on developing high quality iron ore opportunities. With the option to earn a 100% interest in the Roche Bay Magnetite Project located on the Melville Peninsula in Nunavut, Canada, AEI plans to produce high quality granulated pig iron (nuggets) from the 357 million tonnes inferred resource of the project's C-Zone. Led by an experienced management team with technical, exploration and mining expertise the company has the capabilities to rapidly advance the Roche Bay Project and explore other local and global opportunities. Shares of the company trade at the TSX Venture Exchange (AXI) and at the Frankfurt Stock Exchange (AE6). For more information please visit www.advanced-exploration.com.
This news release also includes forward-looking statements that involve a number of risks and uncertainties. The information reflects numerous assumptions as to industry performance, general business and economic conditions, regulatory and legal requirements, taxes and other matters, many of which are beyond the control of the company. Similarly, this information assumes certain future business decisions that are subject to change. There can be no assurance that the results predicted here will be realized. Actual results may vary from those represented, and those variations may be material.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED WITHIN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For more information, please contact
Advanced Explorations Inc.
(416) 203-0057 x226
www.advanced-exploration.com
Click here to see all recent news from this company
Mar 20/10 Mar 11/10 Gingerich, John Cater Direct Ownership Common Shares 10 - Acquisition in the public market 30,500
Mar 20/10 Mar 12/10 Gingerich, John Cater Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.185
Mar 04/10 Feb 25/10 Gingerich, John Cater Direct Ownership Common Shares 10 - Acquisition in the public market 6,000 $0.185
Feb 24/10 Dec 14/09 Guo, Lei Direct Ownership Options 50 - Grant of options 375,000 $0.180
Jan 29/10 Jan 28/10 Williams, Gary Indirect Ownership Common Shares 54 - Exercise of warrants 100,000 $0.200
http://www.canadianinsider.com/coReport/allTransactions.php?ticker=AXI
Apr 16/10 Apr 08/10 Chiummiento, Joseph Direct Ownership Options 51 - Exercise of options -67,500 $0.160
Apr 16/10 Apr 08/10 Chiummiento, Joseph Indirect Ownership Common Shares 51 - Exercise of options 67,500 $0.160
Apr 12/10 Apr 05/10 Gingerich, John Cater Direct Ownership Common Shares 10 - Acquisition in the public market 168,000 $0.180
WKN: A0D8ZT
ISIN: CA00765C1086
Symbol: ADEXF
Kanada
Outstanding 79,8Mio Aktien
Eisen hochwertig 1Mio Tonnen of 95%Erz = 1,16Mrd$
Machbarkeit und Wirtschaftlichkeit sind gemacht, Infrastrukture wird gebaut (Tiefseehafen) Produktionsbeginn 2013
http://www.minenportal.de/...Interview-mit-Advanced-Explorations-Inc.
http://www.marketwire.com/press-release/...SX-VENTURE-AXI-1130025.htm
www.advanced-exploration.com
habe ich bis jetzt noch nichts bemerkt!
Vielleicht muss ich morgen mal Herrn Gingerich telefonieren, dass er sich mit dem Tiefseehafen beeilen sonst, bevor die Eisennuggets durchgerostet sind;-))
Ich habe einen thread zu Explorern eröffnet:
http://www.ariva.de/forum/Explorer-timeline-jumping-408583
Mich würde eure Meinung dazu sehr interessieren?
Gruß
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Apr 20/10 Apr 15/10 Gingerich, John Cater Direct Ownership Common Shares 51 - Exercise of options 200,000 $0.180
Apr 20/10 Apr 15/10 Gingerich, John Cater Direct Ownership Options 51 - Exercise of options -200,000 $0.180
New Client Profile: Advanced Explorations Inc.
April 22, 2010
If you saw our April 19, 2010 post on BabyBullTwits in which iron ore was identified as the hottest sector within commodities and commodity stocks (click here), you knew it was only a matter of time before we added an iron ore company to our BabyBulls portfolio . To this end, we are pleased to announce Advanced Explorations Inc. (TSX-V: AXI) as our next fully profiled company. Advanced explorations is an iron ore company which holds the option to earn a 100% ownership interest in the Roche Bay Magnetite Project, located on the Melville Peninsula in Nunavut, Canada. The Roche Bay deposit’s proximity to a natural deep water harbour make it one of the leading iron ore projects around the world. And with more than 200 years of combined technical, exploration, and mining experience and expertise, management is more than qualified to rapidly advance Roche Bay and explore other local and global opportunities.
Read More
http://babybulltwits.wordpress.com/2010/04/22/new-client-pro…