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동원[003580]
회사확인 02 -397 -7435
동원 관계사 엔엠씨 몰리브덴 광구 인수 LOI체결
NMC Resource 북미 지역 첫 인수 위해 LOI 체결
INITIATING ITS FIRST ACQUISITION IN NORTH AMERICA NMC RESOURCE ANNOUNCES LETTER OF INTENT
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March 22, 2011 - NMC Resource Corporation (TSX-V: NRC) ("NMC Resource") NMC Resource is pleased to announce that it has signed a letter of intent (the "LOI") with Xstrata Copper Canada ("Xstrata") with respect to the Boss Mountain molybdenum mine property ("Boss Mountain" or the "Property"). The LOI is non-binding and is subject to a definitive agreement to be entered into between NMC Resource and Xstrata with respect to the subject matter hereof.
By optioning Boss Mountain, NMC Resource will execute its stated intention to do acquisitions in North America, with a view to producing mineral commodities to compliment production from its NMC Moland molybdenum mine in South Korea. The Property was operated sporadically by Noranda in the 1960's, 70's and 80's mainly as an underground mine and produced molybdenum ("Mo") ore at average grades ranging from 0.189% Mo (0.315% MoS2) to 0.26% Mo (0.43% MoS2). It was closed in 1983 due to low Mo price and has not been in operation since.
When Noranda terminated mining operations, there was still a considerable resource (non-compliant with NI 43-101) remaining to be exploited. NMC Resource intends to confirm and expand upon this resource with its planned exploration programs. The surface area adjacent to three small open pits was drilled by Noranda to test the extent of near surface mineralization and this zone will be examined further by NMC Resource. The model that NMC Resource is working towards is an open pit mine with grades consistent with those currently being mined in similar operations.
Mr. Yoo Sup Han, President and CEO of NMC Resource says, "We visited the Boss Mountain mine site and reviewed all maps and data available. We also checked the existing tailings dam with a consultant, which has been well taken care of and has capacity for additional tailings. We see this as great opportunity for our company to develop a new molybdenum operation at Boss Mountain. We intend to drill and define the resource as soon as we can."
The Property is located approximately 10 kilometres west of Hendrik Lake, BC within Cariboo Mining District. It has road access and a power line. Certain permits are still in place for the Property.
Under the terms of the LOI, Xstrata will grant to NMC Resource an option (the "Option") to earn a 100% interest in the Property during an option period of three years by: (i) incurring expenditures on the Property in an aggregate amount of not less than CAD$1,000,000 and up to CAD$3,000,000; and (ii) conducting drilling on the Property of no less than 10,000 meters, at least 50% of such drilling to be situated in the areas delineated and marketed as "target zones" to be mutually identified and agreed upon.
Additionally, Xstrata will retain the right to back-in (the "Back-in Right") to a 49% interest in the existing deposit on the Property (the "Existing Deposit") for payment equal to: (i) 2 times the expenditures incurred by NMC Resource on the Existing Deposit if the Back-in-Right is exercised on or prior to the said expenditures totaling up to CAD$10,000,000; and (ii) 3 times the expenditures incurred by NMC Resource on the Existing Property if the Back-in-Right is exercised on or after the said expenditures in excess of CAD$10,000.000. Upon the exercise of the Back-in Right, a joint venture will form between Xstrata and NMC Resource with respect to the Existing Deposit. In the event Xstrata does not exercise the Back-in-Right, then NMC Resource will pay to Xstrata: (i) an option exercise payment of CAD$5,000,000 in equal installment over a period of five years, to commence after the payback of development costs on the Property has been achieved; and (ii) a 2% net smelter return royalty (the "Royalty") with respect to the Property.
Xstrata will retain the right to back-in to a 51% interest in any new deposit (excluding the Existing Deposit and over a threshold of 500,000 tonnes of copper equivalent) for payment of CAD$10,000,000. Upon the exercise of the New Deposit Back-In Right, a joint venture will form between Xstrata and NMC Resource. The exercise of the New Deposit Back-In Right will effectively extinguish any Royalty obligations with respect to the new deposit.
NMC Resource Corporation: NMC Resource has been producing molybdenum from its NMC Moland Mine in South Korea since April 2010. NMC Resource is a part of Dong Won Resource Group in South Korea. Dong Won Resource Group has been involved in production of iron, gold, coal, oil and gas since 1962.
-해석본-
동원 관계사 엔엠씨 몰리브덴 광업권 인수 LOI체결
NMC Resource 북미 지역 첫 인수 위해 LOI 체결
March 22, 2011 - NMC Resource 는 Xstrata Copper Canada의 Boss 산 몰리브데넘 광업권 인수를 위한 LOI를 체결하였다고 22일 발표하였다. 당해 LOI는 법적구속력은 없으나 NMC Resource와 Xstrata 사이의 최종 계약 체결을 조건으로 한다.
Boss 산을 선택함으로서, NMC Resource는 광산물 생산을 통해 한국에 위치한 NMC Moland 몰리브데넘 광구의 생산량을 보완하기 위한 북미지역에서의 인수 활동을 실행할 것이다. 당해 광산은 지하 탄광으로 1960년대부터 1980년대까지 Noranda사에 의해 산발적으로 운영되었으며, 몰리브데넘 0.189% ~ 0.26%의 평균 수준의 몰리브데넘을 생산하였다. 광산은 1983년 낮은 몰리브데넘 가격으로 인해 폐광하였으며 현재까지 운영되지 않고 있다.
Noranda가 채광 작업을 중단하였을 당시, 광산에는 채굴 가능한 상당량의 자원이 남아있었다. NMC Resource는 그들의 채광 프로그램에 맞춰 해당 자원을 확인하고 확대해 나갈 방침이다. 지표면 가까이의 광물화 범위를 테스트 하기 위해 Noranda가 뚫어놓은 세 개의 작은 노천굴 주변에 있는 표면은 NMC Resource에 의해 더 조사될 것이다. NMC Resource가 개발하고 있는 모델은 비슷한 광산에서 채굴되는 것과 동일한 품질의 몰리브데넘을 생산하는 노천광이다.
NMC Resource의 회장 및 대표이사인 한유섭은 “당사는 Boss 산 광구를 방문하여 가능한 모든 지도와 데이터를 검토하였다. 또한, 컨설턴트와 함께 선광 부스러기에 대한 분석을 하였으며, 그것들의 보존 상태가 좋으며 추가적인 선광 부스러기의 수용력이 있다. 당사는 이번 기회를 Boss 산에서 몰리브데넘 광구를 운영할 탁월한 기회라고 생각하며, 우리는 가능한 한 빨리 채굴 및 정제를 시작할 계획”이라고 밝혔다.
NMC Resource는 2010년 4월부터 한국의 NMC Moland 광산에서 몰리브데넘을 생산하고 있다. NMC Resource는 동원의 관계회사이며, 동원은 1962년부터 철강, 금, 석탄, 오일 및 가스 생산을 해오고 있다