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Showing posts with label Global Exploration Play. Show all posts
Showing posts with label Global Exploration Play. Show all posts
Friday, September 4, 2009
Electric Cars market: Mitsubishi and Peugeot are competing with Toyota Motor Corp. and General Motors Co. to take the lead in electric vehicles. TNR.v
0 comments Posted by andre at 5:46 AMChinese BYD is taking over US market of Electric cars and Japanese are pushing into Europe.
"Speed to market is everything and BYD is pushing hard - at stake is the first entry advantage. This new announcement is a response to Japanese attack on edge of green mobility revolution and GM Volt charge into the market place in 2011. Will BYD be able to establish Brand in auto sector leapfrogging into electric space in the West? Will access to Lithium and REE supply chain be a crucial point in developing the whole green mobility market space?"

" As for car batteries, Hykawy thinks the impact they will have on lithium demand may be quicker than most people realize. Both the Chevy Volt and the Nissan Leaf will utilize lithium-ion batteries. Assuming each maker will produce between 200,000 and 300,000 annually, and knowing that each battery uses 20 to 30 kg of lithium carbonate, Hykawy points out that is already "thousands of tonnes a year.""It doesn't take much to make an impact when you're talking about a market that only goes through 120,000 tonnes a year - the impact will be appreciable pretty quickly," he says."
By Evan Roth
Sept. 4 (Bloomberg) -- PSA Peugeot Citroen and Mitsubishi Motors Corp. signed an agreement to develop electric cars to be sold in Europe by the end of 2010.
Peugeot Chief Executive Officer Philippe Varin and Osamu Masuko, his counterpart at Mitsubishi, agreed in Paris today to develop a vehicle based on Mitsubishi’s i-MiEV electric car, according to a joint statement. Tokyo-based Mitsubishi introduced the i-MiEV in June.
The fully electric car will be sold under the Peugeot and Citroen brands. Production is slated to begin in October 2010 with sales by the end of that year. The Paris-based automaker had said in March that Mitsubishi would supply it with electric cars based on the i-MiEV.
Mitsubishi and Peugeot are competing with Toyota Motor Corp. and General Motors Co. to take the lead in electric vehicles. Automakers are under pressure from governments throughout the world to trim carbon-dioxide emissions and develop more efficient cars.
Peugeot rose as much as 1.48 euros, or 7.9 percent, to 20.13 euros in Paris trading, and was up 7.5 percent to 20.05 euros as of 11:35 a.m.
Mitsubishi will begin global sales of the i-MiEV with right-hand drive this year and plans to build a left-hand-drive version next year, according to the companies.
Shared Platforms
Peugeot and Citroen expect to sell 25,000 of the electric cars each year, Peugeot spokesman Laurent Cicolella said by phone today.
Peugeot and Mitsubishi already share platforms for sport- utility vehicles and they’re building an assembly plant together in Russia, Cicolella said.
Cicolella declined to comment on a report in French financial newspaper La Tribune that the two carmakers are considering an alliance as Peugeot seeks a partner outside Europe.
“We’re sticking to the strategy Varin outlined in his July 29 speech, when he said we won’t rule out opportunities for external growth to help us reach our goal of becoming a global player,” Cicolella said."
Monday, August 24, 2009
Future of Lithium: Who would like to build Green Future in Bolivia? TNR.v, CZX.v, SQM, ROC, FMC, WLC.v, RM.v, CLQ.v, LI.v, RES.v, AVL.to
0 comments Posted by andre at 4:39 PMWho will hold the keys to Green Mobility? Will western society with its almost forgotten memories about Freedom be able to protect one of its basic rights to move on a highway or all taxpayers bailout money will be spend on bonuses spiced by Front Running and Tipping along the way? These are the real questions. Who will finance our Junior Lithium and REE Bull to deliver Energy Security?

There are a lot of debates that Bolivia is holding the keys to Electric cars and Green mobility revolution by its status of "Saudi Arabia" of Lithium. Please invest some time and watch both videos:
Lithium in Bolivia http://www.youtube.com/watch?v=JJmXJdp5iHE
Lithium KeyHolder http://www.youtube.com/watch?v=ADPa-Ewqt7w
We will point to three observations before your own conclusions:
1. Lithium is Not only in Bolivia - for those who is afraid of Lithium availability for Green Mobility revolution.
2. Lithium in Bolivia is Not for Western Green mobility revolution - for those who thinks that Bolivia will kill all other Lithium producers.
3. Watch particularly second Video. We have been there and know what we are talking about. We are out of politics, but prefer to live and write about our right to know - with even Goldman Sachs Front running and Tipping and markets far from effective (always ask for whom?), than search for soap and live without any rights.
Fears of Secured Lithium Supply from Bolivia could be exaggerated, Western world will need to develop its own resources.
"Now with Electric Cars and Green Mobility Revolution at our doorsteps Lithium and REE is a strategic commodity, when every government would like to have a certainty of supply and not to trade Oil dependence for Battery dependence. It is an opportunity to restart heavily indebted western economies and move it in the new high value added 21st century manufacturing space."
"As we all know, Electricity comes from the electric socket on the wall, but where from Lithium and REE comes apart from broadcasting fever and websites full of this stuff?"
Thursday, August 20, 2009
Investing in Lithium Bull - second stage alert. TNR.v, CZX.v, WLC.v, CLQ.v, RM.v, AVL.to, RES.v, LAT.v, LI.v FXI, SQM, ROC, FMC, GOOG, AAPL, RIMM
0 comments Posted by andre at 4:04 AM"Bull market mentality is well documented and taking its charge in stages:
First stage is when everybody oppose it or do not know about it. Just few will make fortunes being brave, bright and crazy. You need to have your right winning mix here. Crazy - because you never know for sure.
Second stage is when idea has received industry recognition. Industry insiders, their brokers, funds and managers are busy taking stakes before telling to their clients to Buy.
Third stage is when taxi driver is telling you that he is in this Hot New Thing, when your neighbour will give you a latest tip about it and your investment bank will scream Buy.
All these phases are separated by years of ups and downs with Mr Market playful nature. You will be able to recognise Third stage as well - it is when you are sure that the things could not get any wrong and you must be a real genius staying on the top. At first signs of this clinical condition start to sell gradually - this Bull will be close to its bust."
First stage is when everybody oppose it or do not know about it. Just few will make fortunes being brave, bright and crazy. You need to have your right winning mix here. Crazy - because you never know for sure.
Second stage is when idea has received industry recognition. Industry insiders, their brokers, funds and managers are busy taking stakes before telling to their clients to Buy.
Third stage is when taxi driver is telling you that he is in this Hot New Thing, when your neighbour will give you a latest tip about it and your investment bank will scream Buy.
All these phases are separated by years of ups and downs with Mr Market playful nature. You will be able to recognise Third stage as well - it is when you are sure that the things could not get any wrong and you must be a real genius staying on the top. At first signs of this clinical condition start to sell gradually - this Bull will be close to its bust."

CS. We have been there we have seen this before: in Gold, in Uranium, in Moly. Nothing is wrong with a letter writer sales pitch below: for us it is an important sign that Lithium and REE market is ready to take off. Until now almost everything with Lithium on the web page was making you money and it will continue for a while, but it is time to make your homework right: we will have a roller coaster ride and you need to know what to hold, what to add on the dips and what do not even touch. If you never even called the company you are investing in, do not bother with the whole exercise - you will be burned. Hungry brokers and investors after market collapse will rush into hot very narrow money base Lithium and REE sector with micro caps and the ride could be explosive.
"Quality of projects, strong technical team and honest management with access to capital and clear focus on aggressive building of shareholders' value with first entry advantage will define the future winners."
"Now in our investment play on Green mobility we have few uncertainties less: Electric cars are all over TV and newspapers and Lithium companies are rising all together as boats with a tide. Time is to choose the companies with strong management, solid projects and industrial backing. Go for what Majors want. In Junior sector it will be M&A game after all - who will be a consolidator and be ready to pay the money to buy time."
These 6 Lithium Stocks Are Up an Average of 1,578%
By Brian HicksWednesday, August 19th, 2009
If you haven't noticed, there is a group of six stocks that's been on fire this year.
The best performer is up 3,233% since its December 2008 lows. Yes, you read that correctly. . . +3,233%.
Another one is up 990% in that same time. Three other stocks — all microcaps — are up 1,100%, 2,125%, and 1,999%.
The worse performer of the bunch, a large cap, is up just 21% since December.
The six stocks have just one thing in common: all produce or mine lithium.
Lithium is being touted as the next primary fuel of the 21st century. Hybrid technology and electric cars are thought to be a viable alternative. I have no idea how long it will take to fully transform the U.S. economy from a fossil-based energy complex to a renewable one, but I do know this. . . sentiment is clearly in favor of green energy.
Solar energy, wind, clean fuels, ethanol, run of river projects, and geothermal energy continue to be the hot topic in the energy sector. So if the world moves forward to battery-driven vehicles, lithium will be a high-in-demand commodity, as it is used in electric and hybrid electric car batteries.
The chart above (S.) shows the estimated future lithium consumption.
Warren Buffett Has Increased His Stake
Some of the world's top investors are swooning over one company. Warren Buffett... T.Rowe Price... even the Obama Administration.
They've all increased their stakes. And you can get in just like they did!
Click here to learn what they're so excited about and how you can profit from it.
According to a report recently published by Research and Markets entitled "Lithium-Ion and Nickel-Metal Hydride Batteries, Lithium, Rare Earth Lanthanum and the Future of Hybrid Electric Vehicles 2009-2020":
The auto industry is about to enter a new era: the electrification of cars. The move to electrified cars will have dramatic, disruptive consequences to consumers, auto makers, input suppliers, battery producers, regulators, mining companies, oil producers, electric utilities, R&D activities and investors, among others. However, from this change will come enormous opportunities, including the reduction in CO2 and global warming, less dependence on oil, more geopolitical independence, technological advancements, very large, new industries and markets, and huge profits.
The economic, regulatory and technological advantages of hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs) and electric vehicles (EVs) means that dramatic growth in their adoption and usage will be seen over the next 11 years to 2020, both in the US and worldwide.
Batteries are the key technology enablers for the future of HEVs, PHEVs and EVs. Nickel-metal hydride (NiMH) batteries currently dominate the HEV market, but they soon will be replaced by lithium-ion ones.*
*Editor's emphasis During the uranium bull market between 2001 and 2007, more than 600 uranium companies either went public or switched their resource business to become a uranium play.
Six hundred companies!
And less than 10 actually mined proven uranium.
Yes, it was mania.
Even though the lithium stocks are up big in the past year, the supply of stock available to investors is severely small.
We could be witnessing the phenomenon of "too many dollars chasing too few stocks."
The lithium bull market is in its infancy. If it's similar to the uranium bull market, we could witness several years of a lithium rally.
In the coming weeks, I will be recommending lithium stocks to you.
Profitably yours,
Brian"
Warren Buffett Has Increased His Stake
Some of the world's top investors are swooning over one company. Warren Buffett... T.Rowe Price... even the Obama Administration.
They've all increased their stakes. And you can get in just like they did!
Click here to learn what they're so excited about and how you can profit from it.
According to a report recently published by Research and Markets entitled "Lithium-Ion and Nickel-Metal Hydride Batteries, Lithium, Rare Earth Lanthanum and the Future of Hybrid Electric Vehicles 2009-2020":
The auto industry is about to enter a new era: the electrification of cars. The move to electrified cars will have dramatic, disruptive consequences to consumers, auto makers, input suppliers, battery producers, regulators, mining companies, oil producers, electric utilities, R&D activities and investors, among others. However, from this change will come enormous opportunities, including the reduction in CO2 and global warming, less dependence on oil, more geopolitical independence, technological advancements, very large, new industries and markets, and huge profits.
The economic, regulatory and technological advantages of hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs) and electric vehicles (EVs) means that dramatic growth in their adoption and usage will be seen over the next 11 years to 2020, both in the US and worldwide.
Batteries are the key technology enablers for the future of HEVs, PHEVs and EVs. Nickel-metal hydride (NiMH) batteries currently dominate the HEV market, but they soon will be replaced by lithium-ion ones.*
*Editor's emphasis During the uranium bull market between 2001 and 2007, more than 600 uranium companies either went public or switched their resource business to become a uranium play.
Six hundred companies!
And less than 10 actually mined proven uranium.
Yes, it was mania.
Even though the lithium stocks are up big in the past year, the supply of stock available to investors is severely small.
We could be witnessing the phenomenon of "too many dollars chasing too few stocks."
The lithium bull market is in its infancy. If it's similar to the uranium bull market, we could witness several years of a lithium rally.
In the coming weeks, I will be recommending lithium stocks to you.
Profitably yours,
Brian"
Thursday, July 2, 2009
Lukas Lundin Global exploration play: Canadian Gold Hunter to buy Sanu Resources. CGH.to, SNU.v, LUN.to, TNR.v, MAI.v, HUI, XAU, CDNX
0 comments Posted by andre at 9:00 AMFollow the money: we always add - Smart Money. Lukas Lundin is building his global Exploration Play. We have our Junior Mining Economics in action. We have wrote before about our expectations of Sanu Resources SNU.v to be taken out by Canadian Gold Hunters CGH.to - our list of Juniors Top Picks 2009 is getting smaller! It is time to buy assets at still distressed valuations, later with Gold over 1000 USD/oz, Silver above 15 USD/oz and Copper solidly above USD 2.0/lb will be the time to strike J/V deals and sell in the Seller's market, when everybody will be thinking: how on earth we can get this kind of valuations before. But it is the future and it is not for certain - that is why Lukas Lundin is buying again at cents per dollar in our second chance of Junior Mining Investment cycle. We follow his touch and legacy. Our other juniors from the Top Picks 2009 are in the game with bold moves into Gold, Lithium and REE.
Lukas H. Lundin
"Chairman
Born in 1958, Lukas Lundin was raised in Stockholm, Sweden and educated at the Ecole Internationale de Genève in Switzerland. In 1981, Mr. Lundin graduated from the New Mexico Institute of Mining and Technology (engineering).At age 25 Mr. Lundin headed International Petroleum Corporation's extensive and rapidly growing international operations and was based in the Company's technical office in Dubai, U.A.E. for over 12 years. From 1990 to June 1995, Mr. Lundin was President of International Musto Exploration Limited and was responsible for Musto's acquisition of the Bajo de la Alumbrera deposit. Bajo de la Alumbrera was the subject of a $500 million takeover by Rio Algom and North Limited and is now one of the largest gold/copper producers in the world. Mr. Lundin was also responsible for Argentina Gold and the discovery of the multi-million ounce Veladero gold deposit. Veladero was the subject of a $300 million takeover by Homestake in 1999. In addition, Mr. Lundin was a senior Director of Lundin Oil AB and was instrumental in the $480 million takeover of Lundin Oil by Talisman Energy in 2001. Mr. Lundin is currently a Director of a number of publicly traded resource companies. Mr. Lundin has been a director of Canadian Gold Hunter since June 1995.A world traveler and motorcycle racing enthusiast, Mr. Lundin has twice completed the grueling 10,000 kilometre Dakar race across the Sahara Desert. He has climbed Mount Kilimanjaro, Mont Blanc and the Matterhorn. In the winter, he can be found helicopter skiing in Whistler and in summer, dirt bike racing with his four boys in Baja, California and has been a director of Canadian Gold Hunter since June 1995 and is now Chairman of the Board."
"Chairman
Born in 1958, Lukas Lundin was raised in Stockholm, Sweden and educated at the Ecole Internationale de Genève in Switzerland. In 1981, Mr. Lundin graduated from the New Mexico Institute of Mining and Technology (engineering).At age 25 Mr. Lundin headed International Petroleum Corporation's extensive and rapidly growing international operations and was based in the Company's technical office in Dubai, U.A.E. for over 12 years. From 1990 to June 1995, Mr. Lundin was President of International Musto Exploration Limited and was responsible for Musto's acquisition of the Bajo de la Alumbrera deposit. Bajo de la Alumbrera was the subject of a $500 million takeover by Rio Algom and North Limited and is now one of the largest gold/copper producers in the world. Mr. Lundin was also responsible for Argentina Gold and the discovery of the multi-million ounce Veladero gold deposit. Veladero was the subject of a $300 million takeover by Homestake in 1999. In addition, Mr. Lundin was a senior Director of Lundin Oil AB and was instrumental in the $480 million takeover of Lundin Oil by Talisman Energy in 2001. Mr. Lundin is currently a Director of a number of publicly traded resource companies. Mr. Lundin has been a director of Canadian Gold Hunter since June 1995.A world traveler and motorcycle racing enthusiast, Mr. Lundin has twice completed the grueling 10,000 kilometre Dakar race across the Sahara Desert. He has climbed Mount Kilimanjaro, Mont Blanc and the Matterhorn. In the winter, he can be found helicopter skiing in Whistler and in summer, dirt bike racing with his four boys in Baja, California and has been a director of Canadian Gold Hunter since June 1995 and is now Chairman of the Board."
* Sanu shares up 21 percent
July 2 (Reuters) - Gold miner Canadian Gold Hunter Corp (CGH.TO) said it agreed to acquire Sanu Resources Ltd (SNU.V) in an all-stock deal to expand its gold and base metal exploration and production activities to Africa.
Canadian Gold Hunter said it will issue 0.5725 of its shares for each Sanu share. Based on Canadian Gold Hunter's prior closing price of 36.5 Canadian cents, the deal values Sanu at about 21 Canadian cents a share, a premium of 27 percent to its previous close.
Shares of Sanu rose 21 percent to 20 Canadian cents Thursday morning on the Toronto Venture Exchange. Canadian Gold Hunter shares were down 4 percent on the Toronto Stock Exchange.
Sanu will be a wholly owned subsidiary of Canadian Gold Hunter after the deal closes, which is expected to occur by the end of August.
Former shareholders of Sanu will hold about 17.8 percent of Canadian Gold Hunter following the deal.
Canadian Gold Hunter, which has projects in Canada, Mexico and South America, said Sanu has projects in African nations like Eritrea, Republic of Congo and Burkina Faso.
For the alerts, please double click [ID:nWNAB4038] (Reporting by Arup Roychoudhury in Bangalore; Editing by Deepak Kannan)"
Press Release
Source: Canadian Gold Hunter Corp., Sanu Resources Ltd.
On Thursday July 2, 2009, 8:48 am EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 2, 2009) - Canadian Gold Hunter Corp. (TSX:CGH - News; "Canadian Gold Hunter") and Sanu Resources Ltd. (TSX VENTURE:SNU - News; "Sanu") are pleased to announce that they have entered into a definitive agreement (the "Arrangement Agreement") to effect a business combination between the two companies pursuant to a plan of arrangement under the Canada Business Corporations Act.
Pursuant to the Arrangement Agreement, Canadian Gold Hunter will acquire all of the issued and outstanding shares of Sanu on the basis of 0.5725 shares of Canadian Gold Hunter for each one Sanu share (the "Exchange Ratio"). All outstanding Sanu options will be exchanged for replacement options of Canadian Gold Hunter, the number and exercise price of which will be determined using the Exchange Ratio. The transaction values the Sanu shares at $0.233 per share, representing a 25% premium to the 20 day volume weighted average closing price of Sanu. Upon completion of the transaction, Sanu will be a wholly-owned subsidiary of Canadian Gold Hunter and it is estimated that Canadian Gold Hunter will have 134,161,066 shares outstanding. Former shareholders of Sanu will hold approximately 17.8% of the outstanding shares of Canadian Gold Hunter. The transaction is expected to close by the end of August, 2009.
Full details of the transaction, including the terms of the Arrangement Agreement, will be included in a management information circular which is expected to be mailed to shareholders of Sanu on or about July 22, 2009. Sanu plans to hold a special meeting of shareholders to approve the transaction and related matters on or about August 17, 2009. The transaction is subject to all requisite regulatory and court approvals as well as shareholder approval of the transaction by at least 66 2/3% of the votes cast by Sanu shareholders present in person or represented by proxy at the meeting.
The transaction has been approved by the board of directors of Sanu (with interested directors abstaining) following the unanimous recommendation of a special committee comprising Sanu's independent directors. The board of directors of Sanu recommends that their shareholders vote in favour of the transaction.
Benefits of the Business Combination
- Sanu brings to the transaction a strong portfolio of gold and base metal exploration projects in Africa. Sanu's most advanced project is the Hambok deposit in Eritrea with an NI 43-101 indicated resource (at a 0.75% zinc cutoff) of 10.7 million tonnes grading 0.98% copper, 2.25% zinc, 6.84 g/t silver, 0.20 g/t gold containing 231.1 million pounds of copper, 530.7 million pound of zinc, 2.3 million ounces of sliver, 68.8 thousand ounces of gold. There is an additional inferred resource (at a 0.75% zinc cutoff) of 17.0 million tonnes of 0.85% copper, 1.74% zinc, 5.89 g/t silver, 0.19 g/t gold containing, 318.5 million pounds of copper, 652.1 million pounds of zinc, 3.2 million ounces of sliver, and 103.8 thousand ounces of gold. Please see the NI 43-101 Technical Report on the Hambok Deposit, dated January 23, 2009 and filed at www.sedar.com for details. Hambok is located 15 kilometres from the Bisha deposit being developed by Nevsun Resources and the Eritrean Government. Additional projects include carbonate-hosted copper/lead/zinc exploration in the Republic of Congo; greenstone-hosted gold exploration in Burkina Faso; as well as volcanogenic massive sulphide copper/zinc exploration in Eritrea.
- Canadian Gold Hunter holds a large, diversified portfolio of exploration projects in Canada, Mexico, Argentina, Chile, Colombia and Peru. Projects range from grass roots to advanced resource definition stage, including the Josemaria copper/gold porphyry project with a 43-101 inferred resource of 460 million tonnes grading 0.39% copper and 0.30 g/t gold at a 0.3% TCu cut-off, containing 3.9 billion pounds of copper and 4.4 million ounces of gold. (Please see news release dated December 5, 2007 for complete information). Canadian Gold Hunter's local South American exploration team has a strong track record of success including the discovery of the Veladero gold deposit, now owned by Barrick Gold, as well as the initial recognition and development of the Bajo de la Alumbrera gold mine, now owned by Gold Corp., Xstrata and Yamana.
- Combining the two companies will create one of the strongest exploration vehicles in the industry; worldwide exploration with the backing of the Lundin Group.
In connection with the proposed business combination, Dundee Securities Corporation provided financial advice and a fairness opinion to the special committee of the board of directors of Sanu.
ON BEHALF OF THE BOARD OF CANADIAN GOLD HUNTER
Lukas H. Lundin, Chairman
ON BEHALF OF THE BOARD OF SANU RESOURCES LTD.
Paul Conibear, Chairman"
Pursuant to the Arrangement Agreement, Canadian Gold Hunter will acquire all of the issued and outstanding shares of Sanu on the basis of 0.5725 shares of Canadian Gold Hunter for each one Sanu share (the "Exchange Ratio"). All outstanding Sanu options will be exchanged for replacement options of Canadian Gold Hunter, the number and exercise price of which will be determined using the Exchange Ratio. The transaction values the Sanu shares at $0.233 per share, representing a 25% premium to the 20 day volume weighted average closing price of Sanu. Upon completion of the transaction, Sanu will be a wholly-owned subsidiary of Canadian Gold Hunter and it is estimated that Canadian Gold Hunter will have 134,161,066 shares outstanding. Former shareholders of Sanu will hold approximately 17.8% of the outstanding shares of Canadian Gold Hunter. The transaction is expected to close by the end of August, 2009.
Full details of the transaction, including the terms of the Arrangement Agreement, will be included in a management information circular which is expected to be mailed to shareholders of Sanu on or about July 22, 2009. Sanu plans to hold a special meeting of shareholders to approve the transaction and related matters on or about August 17, 2009. The transaction is subject to all requisite regulatory and court approvals as well as shareholder approval of the transaction by at least 66 2/3% of the votes cast by Sanu shareholders present in person or represented by proxy at the meeting.
The transaction has been approved by the board of directors of Sanu (with interested directors abstaining) following the unanimous recommendation of a special committee comprising Sanu's independent directors. The board of directors of Sanu recommends that their shareholders vote in favour of the transaction.
Benefits of the Business Combination
- Sanu brings to the transaction a strong portfolio of gold and base metal exploration projects in Africa. Sanu's most advanced project is the Hambok deposit in Eritrea with an NI 43-101 indicated resource (at a 0.75% zinc cutoff) of 10.7 million tonnes grading 0.98% copper, 2.25% zinc, 6.84 g/t silver, 0.20 g/t gold containing 231.1 million pounds of copper, 530.7 million pound of zinc, 2.3 million ounces of sliver, 68.8 thousand ounces of gold. There is an additional inferred resource (at a 0.75% zinc cutoff) of 17.0 million tonnes of 0.85% copper, 1.74% zinc, 5.89 g/t silver, 0.19 g/t gold containing, 318.5 million pounds of copper, 652.1 million pounds of zinc, 3.2 million ounces of sliver, and 103.8 thousand ounces of gold. Please see the NI 43-101 Technical Report on the Hambok Deposit, dated January 23, 2009 and filed at www.sedar.com for details. Hambok is located 15 kilometres from the Bisha deposit being developed by Nevsun Resources and the Eritrean Government. Additional projects include carbonate-hosted copper/lead/zinc exploration in the Republic of Congo; greenstone-hosted gold exploration in Burkina Faso; as well as volcanogenic massive sulphide copper/zinc exploration in Eritrea.
- Canadian Gold Hunter holds a large, diversified portfolio of exploration projects in Canada, Mexico, Argentina, Chile, Colombia and Peru. Projects range from grass roots to advanced resource definition stage, including the Josemaria copper/gold porphyry project with a 43-101 inferred resource of 460 million tonnes grading 0.39% copper and 0.30 g/t gold at a 0.3% TCu cut-off, containing 3.9 billion pounds of copper and 4.4 million ounces of gold. (Please see news release dated December 5, 2007 for complete information). Canadian Gold Hunter's local South American exploration team has a strong track record of success including the discovery of the Veladero gold deposit, now owned by Barrick Gold, as well as the initial recognition and development of the Bajo de la Alumbrera gold mine, now owned by Gold Corp., Xstrata and Yamana.
- Combining the two companies will create one of the strongest exploration vehicles in the industry; worldwide exploration with the backing of the Lundin Group.
In connection with the proposed business combination, Dundee Securities Corporation provided financial advice and a fairness opinion to the special committee of the board of directors of Sanu.
ON BEHALF OF THE BOARD OF CANADIAN GOLD HUNTER
Lukas H. Lundin, Chairman
ON BEHALF OF THE BOARD OF SANU RESOURCES LTD.
Paul Conibear, Chairman"
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