HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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posted on Aug 13, 2008 12:18AM

August 7, 2008 DNSC PRESS RELEASE DNSC-08-2914


FOR IMMEDIATE RELEASE

FOR IMMEDIATE RELEASE - CONTACT: Watt Lough 703.767.6479

CORRECTION

STOCKPILE ANNOUNCES SALE SUSPENSIONS AND REDUCTIONS OF SELECT COMMODITIES

Ft. Belvoir, VA – The Defense National Stockpile Center announces plans to suspend competitive commercial offerings of six commodities and reduce the sale amounts of seven additional commodities. The actions are being taken as a result of an on-going study to address congressional concerns about Department of Defense needs for strategic and critical materials.

Sales of the following commodities are hereby suspended until further notice: Columbium Metal Ingot, Tantalum Carbide Powder, Platinum, Iridium, Tin and Zinc. Sales offerings under the following solicitations are immediately suspended:

· Columbium Metal Ingot - (BOA) DLA-TANTALUM-001

· Tantalum Carbide Powder – (BOA) DLA-TANTALUM-001

· Platinum – (BOA) DLA-PGM-002

· Iridium – (BOA) DLA-IRIDIUM-003

· Tin – (BOA) DLA-TIN-011

· Zinc –(BOA) DLA-ZINC-004

Additionally, inventories of several commodities will be held in reserve for Defense contracts

with the net effect of reducing the amount of these materials available for sale. Sales of these commodities will continue, but selected quantities will no longer be available for sale. Those commodities are: Beryllium, Cobalt, Ferromanganese (HC), Ferrochromium (HC and LC), Germanium, Tungsten Ores and Concentrates, Tungsten Metal Powder and Chromium Metal.

The ongoing review and possible reconfiguration of the National Defense Stockpile may result

in additional adjustments to inventory and sales plans. A working group led by the office of the Deputy Under Secretary of Defense for Industrial Policy is expected to complete its work in late November 2008.

For additional information please visit our website https://www.dnsc.dla.mil or contact

DNSC Directorate of Contracting & Marketing at (703) 767-6500.

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