Notes/emails from the Chairman
posted on
Mar 12, 2009 02:15PM
Development of the 44.5 million tonne Abu Dabbab and 98million tonne Nuweibi tantalum-tin projects plus exploration for gold, copper, nickel in Egypt abd Eritrea.
We are pleased to advise that Gippsland's 2008 Annual Report is now available on the Company's website.
To view the report please CLICK HERE. 16th Oct 2008
Best regards
Jack Telford
Executive Chairman
Gippsland Limited
www.gippslandltd.com
27th Oct 2008
Please find attached Gippsland's Activities Report for the period July - September 2008.
During the quarter the Company achieved a number of most significant results, including a 30% increase in total Measured and Indicated Resources, plus a doubling of Ore Reserves. Naturally all Resource and Reserve figures quoted are JORC compliant.
Kind Regards
Jack Telford
Attached is an interesting article published by London-based Minesite.com, referring to Gippsland's 44.5 million tonne Abu Dabbab tantalum-tin project
The author Alastair Ford is a leading commentator on the resource sector.
Kind regards
Jack Telford
We are pleased to provide you with the attached update regarding Gippsland's 44.5 million tonne Abu Dabbab tantalum-tin project.
As reflected in the attached, the Company is making significant headway in bringing this world-scale project to fruition.
Gippsland will occupy display booth G5 at this year's Mines and Money conference being held in London between 2nd and 3rd December. UK shareholders and investors are invited to visit booth G5 and to attend the Gippsland presentation scheduled in the 10.45am session on Wednesday 3 December '08. Please CLICK HERE to visit the Mines & Money website.
Best regards
Attached is Gippsland's announcement relating to the German Government's UFK facility which provides both commercial and political risk cover.
The eligibility of Abu Dabbab for UFK cover reflects the Project's outstanding importance for the Federal Republic of Germany in securing a reliable long term supply of this vitally important strategic metal.
While a UFK facility clearly provides significant direct benefits regarding debt finance, it also serves to provide equity investors with increased confidence in the Project in general.
For your convenience, a plain text version of the announcement is also attached.
Best regards
Attached is a copy of a Talison Minerals media release relating to the suspension of tantalum production at Wodgina.
Some time ago, I predicted the closure of the Talison Greenbushes tantalum operation and in my various PowerPoint presentations, you will see/hear my reference to the predicted demise of Wodgina. I believe the reference to "market down-turn" in the attached is a distraction in that I consider the prime problem faced by Talison is the ever increasing cost of production at Wodgina. As mentioned in the attached, Talison's Greenbushes tantalum operation has been out of operation for 3 years (due to the high cost of production).
Gippsland's Abu Dabbab definitive feasibility study shows that the project enjoys a low cost of production and a significant revenue stream from the co-production of 1,530 tonnes per year of tin metal. In addition, the Stage 2 production of 1.5 million tonnes of ceramic grade feldspar from the tantalum-tin tailings will boost the project economics significantly. As a result of feldspar production, 80% of all ore mined will become a valuable product for which there is a ready market. We are firmly convinced that Gippsland's Abu Dabbab tantalum-tin project is the only candidate with the capability to reliably fill a 30% supply void.
It is interesting to note that the price of tantalum concentrate has increased steadily during the past year in contrast to most other metals, which have significantly declined in value.
We look forward to providing you with further updates regarding the Abu Dabbab project, which now seems destined to become the world's largest supplier of tantalum feedstock.
Best regards