Aben now has 2 hot irons in the fire .............
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Posted On: 11/12/2021 9:31:42 AM
Aben now has 2 hot irons in the fire ...................................
https://www.abenresources.com/news/aben-resou...-columbia/
Slocan graphite project, 34 Km northwest of Castlegar, British Columbia
https://www.google.ca/maps/place/Castlegar+Ca...17.6631546
Click for enlarged view:
https://investorshangout.com/images/MYImages/...ite_16.png
Aben's 2 hot irons in the fire
https://investorshangout.com/images/MYImages/...hefire.jpg
Selling the company to a major gold producer or to a major graphite producer in the Solar Energy industry. Diversification enhances stability in growth and is essential for security and success.
Ellis Martin: Aben Resources (CVE:ABN) Executes Agreement on Slocan Graphite Project
https://www.youtube.com/watch?v=ZhZ8qcKI7ZI
In this segment of The Ellis Martin Report we speak with James Pettit, the CEO of Aben Resources (TSX-V:ABN/OTC:ABNAF) as the company announces the execution of an agreement to option the Slocan Graphite Project in Southern British Columbia from project generator Eagle Plains Resources (TSX-V:EPL). Aben Resources is now designating itself as a poly-metallic company with its entry into the battery metals space.
Vancouver, BC -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) has executed a formal option agreement (subject to regulatory approval) with Eagle Plains Resources Ltd. (TSX-V:”EPL”) whereby Aben holds the exclusive right to earn a 100% interest, less 2% Net Production Royalty (“NPR”) in the road-accessible Slocan Graphite Project located 34km northwest of Castlegar, British Columbia (the “Agreement”). Under terms of the Agreement, Aben must complete $1,000,000 in exploration expenditures, issue 850,000 common shares and make $150,000 in cash payments to Eagle Plains over a three year period. In addition, if at any time Aben or its successors report a resource of greater than 10Mt for tenures comprising the property, EPL will receive a one-time “Success Fee” of 500,000 Aben shares.
The Slocan Graphite project consists of 2,387 ha owned 100% by Eagle Plains with no underlying royalties or encumbrances. The property hosts several large flake graphite-bearing outcrops and float occurrences known as the Tedesco Zone, which is interpreted to extend over 2.0km. Eagle Plains recently completed fieldwork on the property and is encouraged by preliminary field observations, with the program focused on prospecting and geological mapping in underexplored areas of the property in an effort to locate extensions of the known graphite mineralized horizon and to better understand controls on mineralization.
About Aben Resources:
Aben Resources is a Canadian gold and graphite exploration company with exploration projects in British Columbia, Ontario, and the Yukon Territory. Aben is a well-funded junior exploration company. Cornell McDowell, P.Geo., V.P. of Exploration for Aben Resources, has reviewed and approved the technical aspects of this news release and is the Qualified Person as defined by National Instrument 43-101.
For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company’s web site at www.abenresources.com.
For further information contact:
Aben Resources Ltd.
Telephone: 604-416-2978
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@abenresources.com
http://www.ellismartinreport.com
http://www.abenresources.com
Aben Resources is a paid sponsor of The Ellis Martin Report
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Gold is breaking out from the October convergence with increasing volume
https://bigcharts.marketwatch.com/advchart/fr...2&x=39
XAU Mining Index resumes its uptrend after one year's sideway consolidation
https://bigcharts.marketwatch.com/advchart/fr...mp;state=8
ABN.V James Petit has just waken up from his sleep
https://bigcharts.marketwatch.com/advchart/fr...p;state=10
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
US Annual Inflation rate rose to 6.2% in October
https://tradingeconomics.com/united-states/inflation-cpi
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
3 Canadian graphite explorers turning graphite producers
Mason Graphite Inc.
https://stockcharts.com/h-sc/ui?s=LLG.V&p...3505359533
Canada-focused Mason Graphite is developing the Lac Guéret project in Northeastern Quebec, which has an estimated initial production life of 25 years. According to a 2018 feasibility study, it would cost C$258.2 million to develop the project, with construction taking between 13 and 16 months. Average annual concentrate production is forecast at 51,900 metric tons, with an average production cost of US$484 per metric ton.
Northern Graphite Corp
https://stockcharts.com/h-sc/ui?s=NGC.V&p...8203489105
Ottawa-based Northern Graphite’s main asset is the Bissett Creek graphite project in Southern Canada. The estimated capital cost for the project is C$110 million, with the company hoping to be in production in 2022. The mine is expected to produce an average of 25,000 metric tons of graphite concentrate per year for 23 years.
Nouveau Monde Graphite Inc.
https://stockcharts.com/h-sc/ui?s=NOU.V&p...0500288881
Nouveau Monde Graphite is developing the Matawinie graphite project near North Montreal, Quebec. The project is forecast to produce 100,000 metric tons per year over 26 years with an average concentrate purity of 97 percent. The company is targeting commercial production for 2022.
Applications of graphite:
https://www.google.ca/search?q=applications+o...nt=gws-wiz
Current graphite prices
https://www.northerngraphite.com/about-graphi...e-pricing/
https://www.abenresources.com/news/aben-resou...-columbia/
Slocan graphite project, 34 Km northwest of Castlegar, British Columbia
https://www.google.ca/maps/place/Castlegar+Ca...17.6631546
Click for enlarged view:
https://investorshangout.com/images/MYImages/...ite_16.png
Aben's 2 hot irons in the fire
https://investorshangout.com/images/MYImages/...hefire.jpg
Selling the company to a major gold producer or to a major graphite producer in the Solar Energy industry. Diversification enhances stability in growth and is essential for security and success.
Ellis Martin: Aben Resources (CVE:ABN) Executes Agreement on Slocan Graphite Project
https://www.youtube.com/watch?v=ZhZ8qcKI7ZI
In this segment of The Ellis Martin Report we speak with James Pettit, the CEO of Aben Resources (TSX-V:ABN/OTC:ABNAF) as the company announces the execution of an agreement to option the Slocan Graphite Project in Southern British Columbia from project generator Eagle Plains Resources (TSX-V:EPL). Aben Resources is now designating itself as a poly-metallic company with its entry into the battery metals space.
Vancouver, BC -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) has executed a formal option agreement (subject to regulatory approval) with Eagle Plains Resources Ltd. (TSX-V:”EPL”) whereby Aben holds the exclusive right to earn a 100% interest, less 2% Net Production Royalty (“NPR”) in the road-accessible Slocan Graphite Project located 34km northwest of Castlegar, British Columbia (the “Agreement”). Under terms of the Agreement, Aben must complete $1,000,000 in exploration expenditures, issue 850,000 common shares and make $150,000 in cash payments to Eagle Plains over a three year period. In addition, if at any time Aben or its successors report a resource of greater than 10Mt for tenures comprising the property, EPL will receive a one-time “Success Fee” of 500,000 Aben shares.
The Slocan Graphite project consists of 2,387 ha owned 100% by Eagle Plains with no underlying royalties or encumbrances. The property hosts several large flake graphite-bearing outcrops and float occurrences known as the Tedesco Zone, which is interpreted to extend over 2.0km. Eagle Plains recently completed fieldwork on the property and is encouraged by preliminary field observations, with the program focused on prospecting and geological mapping in underexplored areas of the property in an effort to locate extensions of the known graphite mineralized horizon and to better understand controls on mineralization.
About Aben Resources:
Aben Resources is a Canadian gold and graphite exploration company with exploration projects in British Columbia, Ontario, and the Yukon Territory. Aben is a well-funded junior exploration company. Cornell McDowell, P.Geo., V.P. of Exploration for Aben Resources, has reviewed and approved the technical aspects of this news release and is the Qualified Person as defined by National Instrument 43-101.
For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company’s web site at www.abenresources.com.
For further information contact:
Aben Resources Ltd.
Telephone: 604-416-2978
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@abenresources.com
http://www.ellismartinreport.com
http://www.abenresources.com
Aben Resources is a paid sponsor of The Ellis Martin Report
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Gold is breaking out from the October convergence with increasing volume
https://bigcharts.marketwatch.com/advchart/fr...2&x=39
XAU Mining Index resumes its uptrend after one year's sideway consolidation
https://bigcharts.marketwatch.com/advchart/fr...mp;state=8
ABN.V James Petit has just waken up from his sleep
https://bigcharts.marketwatch.com/advchart/fr...p;state=10
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
US Annual Inflation rate rose to 6.2% in October
https://tradingeconomics.com/united-states/inflation-cpi
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
3 Canadian graphite explorers turning graphite producers
Mason Graphite Inc.
https://stockcharts.com/h-sc/ui?s=LLG.V&p...3505359533
Canada-focused Mason Graphite is developing the Lac Guéret project in Northeastern Quebec, which has an estimated initial production life of 25 years. According to a 2018 feasibility study, it would cost C$258.2 million to develop the project, with construction taking between 13 and 16 months. Average annual concentrate production is forecast at 51,900 metric tons, with an average production cost of US$484 per metric ton.
Northern Graphite Corp
https://stockcharts.com/h-sc/ui?s=NGC.V&p...8203489105
Ottawa-based Northern Graphite’s main asset is the Bissett Creek graphite project in Southern Canada. The estimated capital cost for the project is C$110 million, with the company hoping to be in production in 2022. The mine is expected to produce an average of 25,000 metric tons of graphite concentrate per year for 23 years.
Nouveau Monde Graphite Inc.
https://stockcharts.com/h-sc/ui?s=NOU.V&p...0500288881
Nouveau Monde Graphite is developing the Matawinie graphite project near North Montreal, Quebec. The project is forecast to produce 100,000 metric tons per year over 26 years with an average concentrate purity of 97 percent. The company is targeting commercial production for 2022.
Applications of graphite:
https://www.google.ca/search?q=applications+o...nt=gws-wiz
Current graphite prices
https://www.northerngraphite.com/about-graphi...e-pricing/
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