Issue link: http://resourceworld.uberflip.com/i/355430
A U G U S T / S E P T E M B E R 2 0 1 4 www.resourceworld.com 13 million private placement. On May 28, Highland announced the signing of a non-binding letter of intent with pri- vately-owned AMCI Holdings Inc. to form a joint venture (JV) whereby both compa- nies develop Highland's projects. Under its terms, both companies will have equal participation in the JV; Highland will con- tribute all interests in its Michigan-located projects, while AMCI will contribute $45 million, with $5 million by September 25 and $40 million by December 15. Ivanhoe Mines Ltd. [IVN-TSX; IVPAF- OTC Pink] has two central copper projects: Kamoa and Kipushi, a formally-producing zinc-copper mine. Both projects are located in the Democratic Republic of Congo (DRC). In March, the company started a 20,000- metre underground drilling program of around 100 holes at Kipushi designed to confirm and update the estimated historical resources and to expand the resources on strike and at depth. On May 13, the com- pany also announced positive returns from its latest infill drilling programs at Kamoa. Executive chairman, Robert Friedland, announced the work confirms that initial mine development will be focused on the project's high-grade Kansoko Sud area. At a 2% copper cut-off, Kamoa's resource, effec- tive December 2012, stands at 550 million tonnes, grading 3.04% copper for 36.9 bil- lion lbs copper contained. Lundin Mining Corp. [LUN-TSX; LUMI-Sweden] is a diversified base metals mining company with several base met- als operations and projects in Portugal, Sweden, Spain and the US, producing cop- per, zinc, lead and nickel. It also holds a 24% stake in the Tenke Fungurume cop- per-cobalt mine, Democratic Republic of Congo. Operational earnings for Q1 2014 stood at $43.1 million, down from $68.1 million in Q1 2013. The decline was pri- marily to lower realized metal prices and lower sales volumes at its Neves-Corvo copper-zinc mine and Aguablanca nickel- copper mine. Lundin has also reported that progress at the Eagle nickel-copper mine in Upper Peninsula, Michigan, is on time and on budget. The first saleable concentrates of copper and nickel from the project are expected to be made in Q4. Mercator Minerals Ltd. [ML-TSX] pro- duces copper, molybdenum and silver at its Mineral Park Mine, Arizona. It also has two development projects in Mexico: the El Pilar copper project and the El Creston molybdenum-copper project. On December 12, 2013, it announced an agreement with Intergeo MMC Ltd. that should lead to a merger this summer. Among its assets, Inergeo holds the Ak-Sug copper project in southern Siberia. Meanwhile, produc- tion at Mineral Park stood at 7.2 million lbs copper and 2.2 million lbs molybdenum in Q1 2014 compared with 9.1 million lbs cop- per and 2.4 million lbs molybdenum in Q1 2013. The company cited several operating and financial constraints over the quarter, including exploitation of harder sections of the mineral deposit. Nautilus Minerals Inc. [NUS-TSX; NUSMF-OTCQX] is exploring and plans to mine polymetallic massive sulphide "Exploring the untapped potential of the Gaspé region" GCR: TSX-V Sylvain Laberge 514-702-9841 slaberge@gespegcopper.com www.gespegcopper.com The largest land position (over 350 sq/km) ever put together in an under-explored area of Québec. Gespeg has over 350 km 2 in combined assets in the Gaspé region of Québec • Vortex: approx. 68 km2; 29 metres @ 0.94% cu, 2011 campaign • In Between: approx. 200 km 2 ; airborne geophysics in 2012; 436 new targets and 141 priority targets • Port Daniel: 30 km 2 ; optioned Sept. 2013 • B-O Project: 9 km2; 17 claims southeast of the vortex 2011 occurrence • R-Jean Project: 22 km 2 ; 40 claims south of the Gaspé Copper Mine in Murdochville • Murdochville A and B: 10 km 2 ; claims in the interior of Glencore-Xstrata's properties • Quarry Project: approx 15 km 2 ; under evaluation.