A.I.S. Resources Completes Peru Manganese Trade, Zambian Ores Assay 53 Percent Mn

A.I.S. Resources Limited announces that it has received payment for the first 292 DMT of Manganese fines sold in November 2019. 

A.I.S. Resources Limited (TSXV:AIS, OTCQB:AISSF) (the “Company” or “AIS”) announces that it has received payment for the first 292 DMT (“dry metric tonnes”) of Manganese fines sold in November 2019. There was no discrepancy between the China Import Quarantine (“CIQ”) and Veritas Peru certificate of chemical analysis. The buyer paid the benchmark price of US$3.70 per DMTU and the final grade was 42.75% Mn.

AIS has sourced very high quality manganese from its Zambian supplier which will be sold on a CIF basis from Dar Es Salaam Port in Tanzania. The ore was independently assayed by our Chinese buyer with an assay of 53.66% Mn with low iron, silica and aluminum. We will move to contracts after the Chinese new year.

We have 1,000 tonnes of 42% manganese fines ready for sale in Peru and we have negotiated an acceptable price for 30,000 tonnes of 42% Mn from Brazil. We have sent term sheets to a number of buyers we have been communicating with.

About AIS Resources

A.I.S. Resources Ltd. is a TSX-V listed investment issuer that is managed by experienced, highly qualified professionals who have a long track record of success in lithium exploration and production, manganese trading, gold exploration and production and capital markets. Through their extensive business and mining networks, they identify and develop projects worldwide that have strong potential for growth and near term income with the objective of providing significant returns for shareholders. The Company’s current activities are focused on trading of manganese ores from Peru, Zambia and Brazil and exploration and development of gold projects in Peru and North America.

On Behalf of the Board of Directors, A.I.S. Resources Limited

Phillip Thomas

President and CEO

Contact

Phillip Thomas – President and CEO
E: pthomas@aisresources.com
Website: www.aisresources.com

Martyn Element
Chairman
T: 604 687-6820
E: melement@aisresources.com

ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Click here to connect with A.I.S. Resources Limited (TSXV:AIS, OTCQB:AISSF) for an Investor Presentation.

Source

Featured
Salinas Lithium Project Expanded, And Drilling Set To Commence In February

Latin Resources Limited (ASX: LRS) ("Latin" or "the Company") is pleased to provide an update of recent and ongoing activities at the Company's Salinas Lithium Project in Brazil ("Salinas" or the "Project"), where the Company has defined multiple drill targets and submitted drill permits to commence drilling. The Company has also secured two new highly prospective tenements to grow its footprint at the project area (Figure 1) with known outcropping high-grade lithium spodumene bearing pegmatites.

read more Show less
LRS:AU
Arcadia Dual Lists On The Frankfurt Stock Exchange

Arcadia Minerals Ltd (ASX:AM7, DAX:8OH) (Arcadia), the diversified exploration company targeting a suite of projects aimed at Lithium, Tantalum, Nickel, Copper and Gold in Namibia, is pleased to announce that it has listed on the Frankfurt Stock Exchange under ticker code DAX:8OH.

read more Show less
AM7:AU
Drone Magnetic Survey Commences At Blackwood Lithium Prospect

Lithium Power International Limited (ASX: LPI) ("LPI" or the "Company") is pleased to provide an update on the exploration activities the Company is currently undertaking in Western Australia, in particular, immediately adjacent to the Greenbushes lithium mine owned by Talison Lithium, comprised of ownership by Albemarle Corp, Tianqi Lithium and IGO Limited.

read more Show less
LPI:AU

MARKETS

Markets
TSX20633.27-128.76
TSXV897.13-13.09
DOW34580.08-59.71
S&P 5004538.43-38.67
NASD15085.47-295.85
ASX7241.20+16.00

COMMODITIES

Commodities
Gold1780.85-2.08
Silver22.35-0.23
Copper4.30+0.03
Palladium1790.38-31.12
Platinum937.60+0.60
Oil68.23+1.97
Heating Oil2.14+0.04
Natural Gas3.82-0.31