AsiaBaseMetals Inc. (the "Company") is focused in the Mining sector for value driven projects/assets; globally. The Company led by an accomplished, successful, and entrepreneurial business and mining team operating under high standards of business conduct to build shareholder value is advancing its current projects and seeking to acquire, explore, and develop high quality mineral assets in safe, mining friendly jurisdictions.
The Company's current 100% owned Gnome project ("Gnome Project" - Zinc & Cobalt), in the heart of an area that is home to both the Cirque and the Cardiac Creek Deposits, is located in a world-class mining district in Canada, one of the safest and mining friendly jurisdictions in the world. The Company is awaiting the grant of the previously applied for exploration permits at the Thazi project ("Thazi Project" - Lithium) in Myanmar.
The Company, having completed the spin-out ("Spin-Out") of three (3) companies ("Spin-Co's") under & pursuant to a Plan of Arranagement (view details under caption "A Two-Decade & Three Generation History" provided below), using previously acquired non-core assets, is continuing to diversify its asset portfolio via timely value-driven project acquisitions. The Company is reviewing advanced projects for base metals, alkali metals, and other resources in the current cyclical commodity markets down-turn, and advanced projects for precious metals (Gold & Silver) to cease and participate in the exceptionally favourable upcoming market conditions for precious metals; as generally expected and predicted by the market, likely resulting from the forecasted current global economic-enviornment and conditions. more ...
A SUCCESSFUL & EXPERIENCED TEAM
DISCOVERING & ACQUIRING
The Gnome Project (Gnome Project (Zinc/Cobalt), having the first discovery of Cobalt with Zinc in the region, 100% owned by AsiaBaseMetals Inc., encompassing 5,868 hectares (12 mineral claims) in the heart of an area that is home to both the Cirque and the Cardiac Creek Deposits, is located 35 kilometers SE along trend from Teck Resources Limited ("Teck") & Korea Zinc's joint ventured ("T-KZ-JV" - 50% each) Cirque deposit and 15 kilometers south east from the Cardiac Creek deposit (ZincX Resources Inc.). The Cirque deposit, the Cardiac Creek deposit, Pie, Cirque East and Youen properties, the Cirque Property and the Gnome property are all in the same geological belt, NE of Williston Lake, in north western British Columbia, Canada, within a north-northwest-south-southeast-oriented geological trend in the southernmost part (Kechika Trough) of the regionally extensive Paleozoic Selwyn basin. The Selwyn basin is already recognized as one of the most prolific sedimentary basins in the world for the occurence of sedex zinc-lead-silver and strataform barite deposits discovered in the heyday of northern B.C., Canada, Pb-Zn-Ag exploration (late 1970's and early 1980's). more ..
The Thazi Project (Thazi Project (Lithium) is awaiting the grant of exploration permits (the "Permits") in Myanmar pursuant to a submitted application (expected shortly; per Myanmar permit review/granting/tracking system). The Company expects the permits to be granted , pursuant to the latest estimate, by April 30, 2021. The Company intends to design its initial work program on the Thazi - Lithium project to explore for both hard-rock and salar-type deposit potential, using modern field techniques with International Organization for Standardization-approved mineralogical studies and analytical methods. more ...
A Two-Decade & Three Generation History
The Company, under a plan of arrangement pursuant to a Spin-Out transaction ("Spin-Co's") by way of a court approved plan of arrangement under the Business Corporations Act (British Columbia, Canada) (the “Arrangement”, ) completed the creation of three (3) Spin-Co's on September 1, 2020; where each shareholder of AsiaBaseMetals Inc., as of the record date (August 31, 2020), received shares (on 1 share for 1 share basis), effectively at no cost in each of the three (3) Spin-Co's (see News Release - Sep 2, 2020).
In effect these Spin-Co's were completed in the same manner as when AsiaBaseMetals Inc. was originally formed from Sandfire Resources America Inc. ("Sandfire" - name changed from TintinaGold), via plan of arrangement spin-out transaction(s) ("Spin-Co.'s") to further enhance shareholder value. Shareholders of Sandfire, as of the record date, upon completion of AsiaBaseMetals Inc. as the Spin-Co. (News Release - Oct 9, 2009) received one new share of AsiaBaseMetals Inc. for each share of Sandfire then held (on a 1 share for 1 share basis), at no cost. more ...
Note: All references including access links from this website to other websites are provided strictly for convenience purposes only. The Company is neither responsible nor liable for any information or content contained-in/provided by the referred/linked to websites. Users are urged to independently verify any information provided by the linked websites prior to making any decisions. Futher the information provided on this site for the Spin-Co's is provided for convenience only, as such any information provided should be confirmed with the Spin-Co and not be relied upon..
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"BUILDING & ENHANCING SHAREHOLDER VALUE"