AsiaBaseMetals Inc. (the "Company"), focused currently in the mining sector only, is a Company led by an accomplished, successful, and entrepreneurial business and mining team operating under high standards of business conduct to build shareholder value. The Company is continuing to diversify its asset portfolio via timely value-driven project acquisitions of base metals [Copper (Cu) / Zinc (Zn)], alkali metals [Cobalt (Co) / Lithium (Li)] and precious metals [Gold (Au) / Silver (Ag)] projects in the current cyclical commodity markets down-turn. Special attention is being directed to advanced business acquisition targets in the Americas, Africa (especially Guinea & Republic of Mali) and Asia (especially Myanmar), as it prudently advances its existing projects; 100% owned Gnome ("Gnome" - Zinc & Cobalt) and Jean ("Jean" - Iron Ore) projects in world-class mining districts in Canada, one of the safest and mining friendly jurisdictions in the world.
Commodity and Business focus will be retained by the Company, as appropriate and applicable to enhance shareholder value, in the same manner as when AsiaBaseMetals Inc. was originally formed with shareholder support and approval, via plan of arrangement spin-out transaction(s) ("Spin-Co.'s"). Spin-Co's result in the Company retaining commodity/business focus and the shareholders of the Company, as of the record date of Spin-Co creation, receiving their additional new shares in a new Spin-Co company at virtually nil/nominal cost; creating a true business based and rightful benefit and value for the shareholders.
A COMPANY & TEAM "BUILDING & ENHANCING SHAREHOLDER VALUE"
CAPITALIZE ON COMMODITY & MARKET CYCLES DOWN-TURNS
"THE RIGHT TIME TO CAPITALIZE IS NOW"
DISCOVER & ACQUIRE RESOURCES
ABZ # 1
Discovery of Cobalt (Co)
First in the region, together with Zinc (Zn).
Gnome 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 & Cardiac Creek Zinc deposits have no reported Cobalt. Show-Details...
ABZ # 2
The Company has applied for an exploration permit for the Thazi Mineral Claims from Myanmar's mining ministry ("M-MM"), opened a local branch/rep-office ("ABZ-Myanmar-Office") and opened a local bank account, commencing its operations in Myanmar; having earlier received registration ("ABZ-Myanmar-Registration") from The Directorate of Investment and Company Administration ("DICA"), which handles company registrations for foreign businesses and serves as a secretary to Myanmar Investment Commission (the "MIC"), the responsible body for investment application. Show-Details...
ABZ # 3
The Jean Iron Ore Project located within the Thunder Bay Mining District in the northwestern part of the province of Ontario, Canada was diamond drill tested (May-June, 2012 Program). The program included eight vertical NQ-size drill holes totaling 492.88m bounding 3km by 0.5km area. All eight holes intersected iron bearing Lower Taconite Member. The average true thickness was estimated to be 57.06m. Show-Details...
What’s Next? ……. ABZ # 4 - Gold/Copper!
Plan of arrangement spin-out transaction(s) ("Spin-Co.'s")
"The Company’s entry into Myanmar, a country having both China and India as neighbours (combined population of almost three billion people) who likely represent the largest buyers of gold, Copper and Zinc, and users of batteries in the world, is a significant move. Myanmar being endowed with impressive geology will allow the Company, now having commenced operation in the country successfully, to also pursue other assets, including gold, silver and copper assets. We look forward to capitalizing on the first mover advantage while adding and contributing to the growth of the country and its people." Raj Chowdhry, President, CEO & Chairman
CONTINUE TO IMPLEMENT BUSINESS PLAN
Diversify Assets - Special Attention Directed to Advanced Assets in the Americas, Asia & Africa
AsiaBaseMetals Inc.'s business plan, given the current global economic and political environment and the projected anticipated outlook going forward, as deemed prudent, is to diversify its assets; including entering into the exploration, and when appropriately warranted, production of precious metals (gold and/or silver); base metals (copper and/or zinc and/or iron-ore) the leading base metals for economic growth; and industrial metals (Cobalt and/or Lithium), the fundamental components for the exponentially growing power storage battery market sector; while continuing to advance the Gnome Zinc project (100% interest) in the province of British Columbia) and the Jean Iron-Ore project (100% interest) in in the province of Ontario).
Accordingly, the Company's highly focused and experienced business and mining team, on the board of directors (the "Board") and the advisory board (the "Advisory Board"), has commenced reviewing new business opportunities, including identified advanced base, alkali and precious metals assets, with special attention directed to assets in the Americas (Mexico, Peru, Argentina, Colombia & Ecuador), Asia (Myanmar) and Africa [Guinea, Mali & Democratic Republic of Congo (DRC)].
Advance Current Zinc / Cobalt (Gnome) & Iron-Ore (Jean) Projects Prudently & Economically
Both the Gnome Cobalt/Zinc project and the Jean Iron-Ore project are located within highly prospective geological areas in Canada, one of the safest and mining friendly jurisdictions in the world, and especially where other world-class projects are currently being advanced by notable well-known and well-funded companies' who are likely to continue to upgrade the infrastructure and the access in the area to allow for production, thereby continually reducing the exploration costs. Pursuant to the Company's business plan, each of the projects was acquired upon the completion of a previous extensive review of upcoming future global demand for various types of metals when metal prices were unfavorable and/or depressed, especially for Cobalt, Zinc and Iron-Ore, at what management believes to be exceptionally low prices, representing "cents on the dollar for exploration work previously already conducted"; and without significant dilution to shareholders.
Maintain Commodity Focus through Plan of Arrangement Spin-Out Transactions "Spin-Out(s)"
The Company, pursuant to its plan to diversify at the right time, will likely seek the transferring of either the acquired precious metal assets or part of the other assets, including non-precious metal assets, then held to new companies to maintain commodity focus through the undertaking of a plan of arrangement ("Spin-Out"), wherein the Company's then existing shareholders as of the record date would upon completion receive shares of the new Spin-Out company (the "New-Spin-Co") without having to pay any additional funds; allowing each of the separate companies to focus individually in their respective sectors, based on appropriate regional infrastructure development and prevailing market factors, and to continue to build and maximize shareholder value.