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November 22, 2016
Report #1Lithium in Manitoba, Canada, Gold in New Mexico, USA
Drill Results Pending From a Potentially World-Class Hard-Rock Lithium ProjectWith a current market capitalization of $4 million CAD, Far Resources Ltd. has recently completed a phase-1 drill program on its Zoro Property near Snow Lake in mining-friendly Manitoba, Canada. A total of 7 holes over 1,142 m (163 m/hole on average) have been drilled into the lithium-rich pegmatite known as “Dyke 1”.
Rockstone initiates coverage of Far Resources as the large Zoro Property offers great potential to be quickly advanced to a world-class lithium project. Sampling rocks from surface is an important first exploration phase, yet it’s drilling that counts and provides most upside potential. Assay results are expected within the next 3-4 weeks.
Company Details
Far Resources Ltd.Unit 114B – 8988 Fraserton CourtBurnaby, BC V5J 5H8 CanadaPhone: +1 604 805 5035Email: [email protected]
Shares Issued & Outstanding: 51,506,000
Canadian Symbol (CSE): FATCurrent Price: $0.075 CAD (11/21/2016)Market Capitalization: $4 million CAD
German Symbol / WKN: F0R / A2AH8W Current Price: €0.043 EUR (11/22/2016)Market Capitalization: €2 million EUR
Chart Canada (CSE)
Chart Germany (Frankfurt)
Outcrop of lithium-bearing spodumene mineralization at “Dyke 1“, one of seven known pegmatites on the Zoro Lithium Property near Snow Flake in mining-friendly Manitoba
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ot so long ago, Nemaska Lithium Inc. reported results from a first grab sampling program on its
Whabouchi Property in Québec, with grades averaging about 2.88% Li2O. Subsequent drilling delineated indicated resources of about 15 million t averaging 1.54% Li2O; i.e. a word-class lithium deposit, currently in development to become a mine in the next years.
In July 2016, Far Resources reported assays from a rock chip sampling program of 3 separate pegmatites/dykes on its Zoro Property (515 hectares):
• Dyke 2 averaged 3.12% Li2O (2 samples)• Dyke 4 averaged 2.41% Li2O (1 sample) • Dyke 5 averaged 3.93% Li2O (4 samples; 2 exceeded 6% Li2O)
Average of all 7 samples: 3.48% Li2O
In 1956/1957, when lithium prices and demand were very low, a total of 78 shallow holes were drilled at Zoro, identifying 7 pegmatites. About 60% of these holes were drilled into Dyke 1, delineating a (historical) “reserve estimate” of 1.8 million t averaging 1.4 Li2O. The encountered grades and widths, up to 1.4% Li2O over 49.8 m, would be considered world-class today; however these are considered historical and thus non-compliant with NI43-101.
The objective of the phase-1 drill program is to verify historic grades and widths of Dyke 1 (phase-2 to expand known mineralization and to drill test other pegmatites sampled this summer). Historic drilling was shallow to only test for near-surface mineralization, however it was noted that the pegmatites thicken at depth and remain largely untested below 200 m from surface.
Criteria facilitating Zoro to quickly advance to a world-class lithium project with the recently completed and upcoming drill programs:
• Highly favourable metallurgy expected due to low impurities, such as iron, and a coarse-grained spodumene mineralization (white to light-greenish colour, similar to Whabouchi).
• Nearby infrastructure (power line: 4 km; road: 11 km; airport: 12 km; rail: 34 km).
• 7 known pegmatites provide significant resource definition potential in 2017. Sampling may identify new anomalies; stripping and trenching of anomalies may discover hidden pegmatites.
• By-product potential (e.g. tantalum, caesium, rubidium) remains unknown. The Tanco Mine (Cabot Corp.) in southeast Manitoba used to produce lithium-bear-ing spodumene, and tantalum; currently producing only caesium (the world’s lar-gest known pollucite deposit, accounting for 2/3 of known global resources).
• Mining-friendly community (Snow Lake) and province (Manitoba) in a safe and stable jurisdiction. First Nation con-sultation and engagement not required in the Flin Flon-Snow Lake greenstone belt where the Zoro Property is located.
“Although lithium metal prices were first re-ported in trade publications in 1952, demand was very low. From 1952 to 1974, lithium prices remained flat in terms of current dollars; in terms of constant dollars, however, prices decreased. The potential use of lithium in batteries for electric vehicles was first dis-cussed in the Minerals Yearbook in 1972. The downward trend in lithium metal prices rever-sed in 1974.“ (Joyce A. Ober in USGS 1999)
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Dyke 1
Historic exploration in the mid-1950s included mapping, sampling, trenching and drilling.
Shallow drilling was performed only to depths of about 200 m from surface and included the following intercepts:
• 49.8 m averaging 1.4% Li2O• 22.8 m averaging 1.2% Li2O• 18.3 m averaging 1% Li2O• 7.9 m averaging 1.2% Li2O• 15.2 m averaging 1% Li2O
Strong Newsflow Ahead
Most recently on November 17, Far Resources’ announced completion of its phase-1 drill program, which was designed to validate and expand on the results of historical drilling and related assays of Dyke 1.Information from historical drilling including collar locations and drill logs were combined with trench locations uncovered by Far Resources’ consultants during a prior fieldwork program to produce a 3D model of the Zoro spodumene-bearing pegmatite Dyke 1. This model was tested by all drill holes in this program.
A total of 1,142 metres of NQ core were completed during the drill program, with all 7 holes intersecting the spodumene-bearing pegmatite Dyke 1. There was little deviation noted between the observed intercepts of pegmatite and those predicted by the 3D model prepared by Orix Geoscience. Subsequent to logging, a total of 143 sawn core samples were shipped to Activation Laboratories (Ancaster, Ontario), an ISO-certified laboratory for lithium assays and multielement analysis. Results are pending and will be reported when data are received.
Keith Anderson, President & CEO, commented:
“We are pleased that the first drill program on the property for 60 years has confirmed our geological model and interpretation. This will allow us to plan and optimize further drilling with confidence as we expand on the phase 1 program.”
A phase-2 drill program in early 2017 is planned to expand known mineralization to subsequently delineate a NI43-101-compliant resource estimate. Other known spodumene-bearing dykes in proximity are also planned to be drilled in phase-2, thus providing significant resource definition and expansion upside for several potentially world-class hard-rock lithium deposits on the large Zoro Property in mining-friendly Manitoba.
With a current market capitalization of $4 million CAD, including the recently completed placement of 4.62 million shares in an oversubscribed financing, Far Resources is well-positioned to create significant shareholder value over the next weeks and months. Speaking of confidence, the drilling service providers agreed to get paid 40% in cash and 60% in shares from Far Resources.
Report #1 | Far Resources Ltd.
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Pictures from the recently completed Phase-1 Drill Program focusing on Dyke 1 on the Zoro Property.
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Above and below: Pictures from the recently completed Phase-1 Drill Program focusing on Dyke 1.
Report #1 | Far Resources Ltd.
Above: Overgrown historic trench in spodumene-rich pegmatite Dyke 1.
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Far Resources in Manitoba
Manitoba is host to multiple rare metal deposits, including the world-class Tanco lithium-cesium-rare metal pegmatite at Bernic Lake. The region, where Far Resources is active, has a stable and well-developed mining and transpor-tation infrastructure. Manitoba boasts a supportive business climate, mineral exploration-supportive assistance pro-grams and excellent access to geoscien-ce and exploration data that can assist Far Resources in advancing its project.
Far Resources’ Zoro Property is situated in west-central Manitoba within the historic Snow Lake Mining Camp. The hydro line to Snow Lake is 5 km south of the property and the small historic gold mining community of Herb Lake is located about 10 km southwest. A rail link is located at Wekusko siding approximately 20 km south of Herb Lake.
The Zoro Property is comprised of the Zoro1 claim (~52 hectares) near Wekusko Lake, governed by the option agreement with Top Notch Marketing Ltd., R. Ross Blusson and Double-U-Em Investments Ltd.; and the undivided 100% interest in and to pegmatite dykes on Claim Jake 3558 (P3558F) and a 350 m wide strip along the northeast edge of claim Jake 3558 and a portion of adjacent claims Bert 6304 (MB6304) and Bert 797 (MB797) that are contiguous with the Zoro1 claim pursuant to the option agreement with Strider Resources Ltd. as described in news releases dated July 5, 2016 and August 10, 2016. This acquisition expanded the property from 0.5 km2 to 3 km2, a 600% increase in highly prospective ground. One of the lithium-bearing dykes on the adjacent property, referred to as Dyke #5, was characterized by historic assays of 2.42% to 7.28% Li2O and attests to the potential lithium contents of one of the 7 known lithium-bearing dykes acquired. Zoro1 covers the significant lithium pegmatite known as the “Principal Dyke” (“Dyke 1“).
During the summer 2016 prospecting program, a total of 47 pit and trench locations were located and mapped resulting in the definitive location of
Dyke 6, a historic spodumene-bearing pegmatite dyke. Previously information from assessment files in the Manitoba Mining Recorder’s office had been insufficient to establish the location of
Dyke 6. Additional pegmatite-bearing outcrop was also located on the property. These outcrops show no evidence of exploration and will be tested with the upcoming phase-2 program.
Report #1 | Far Resources Ltd.
Above: Looking southwest from Zoro‘s Dyke 1 towards the lake that serves as water source for the drill program; Below: Far Resources‘ Claim Map
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Lithium: Brine vs. Hard-Rock
According to Deutsche Bank‘s “Welcome to the Lithium-ion Age“ (May 9, 2016):
Lithium brine operations account for around 50% of global lithium supply, with hard-rock operations accounting for the remaining 50%. Lithium brine deposits generally have better economics as lithium is already isolated and in solution within the deposit, negating the requirement for drilling, blasting, crushing and physical separation. Brine operations also utilise solar evaporation to concentrate the brine within a series of ponds prior to purification. The downside of brine operations is that they are more capital intensive than hardrock operations, incur significant lead times to meaningful production (technical and geographical challenges), require economies-of-scale and have a long resonance time influenced by evaporation rates.
The global supply market for lithium pro-ducts is around 171kt of lithium carbo-nate equivalent (LCE), with close to 83% of global supply being sourced from four major producers – Albermarle, SQM, FMC and Sichuan Tianqi. We believe demand outpaced supply in 2015 by around 13kt LCE, leading to a significant increase in prices for high-grade lithium products over the last 6-12 months. However, there are a number of new operations entering the global market this year. We expect supply to increase by 18% this year to reach 201kt LCE, however this will still not meet global demand (DBe 209kt LCE).
As global lithium demand increases over coming years, hard-rock operations will be able to respond to market conditions much faster than their brine counterparts. The Greenbushes mine in Australia (jointly-owned by Albemarle and Tianqi) is the world’s largest spodumene operation and accounts for almost 40% of global lithium supply.
New operations are also coming to market, with Mt. Marion and Mt. Caittlin currently being commissioned.
As a comparison, the Mt. Marion project (owned by a JV between Mineral Resources, Neometals and Jianxi Ganfeng) is being built for A$50m and will produce 200kt of 6% Li2O spodumene concentrate, equivalent to 27kt LCE (US$1,400/t LCE) and will have a 12 month construction and ramp-up time frame. However, lithium concentrates are an intermediate product and need to undergo further refining into lithium carbonate or hydroxide before they can be used in batteries.
Report #1 | Far Resources Ltd.
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Spodumene
Hard-rock spodumene deposits are found within pegmatite intrusions around the world. Pegmatites are an intrusive igneous rock composed of large (>2.5cm) crystals; they are very hard ores that require significant crushing and grinding. Pegmatite-based lithium deposits are mined in Australia, China, Brazil, Portugal and Zimbabwe. The largest hard-rock project in the world is the Greenbushes asset owned by Sichuan Tianqi (51%) and Albemarle (49%).
Spodumene ores are crushed grinded and liberated into a 6% Li2O concentrate that can be used in industrial markets or converted downstream into batterygrade products. High-grade (7.5% Li2O), low-iron (less than 0.1% Fe2O3) spodumene concentrates are known as technical grade concentrate and can be directly used by downstream “technical markets” users, including glass, ceramics, fiberglass and continuous casting without further processing into lithium carbonate.
With the recent lithium feedstock shortage in China, a number of low-grade, high cost deposits have been restarted to sell to downstream processors. We believe non-spodumene hard-rock supply will be 5-10ktpa LCE in 2016 and do not foresee other minerals gaining significant market share as most current exploration is focussed on spodumene deposits.
Spodumene Processing
The processing route for hard-rock lithium ores follows a more conventional mining and processing approach, similar to many other hard-rock mining operations. Ore is mined via conventional drill and blast methods, then excavated and trucked to a central processing facility.
The ore undergoes multiple stages of crushing to reduce the particle size down to below 6mm. Lithium-bearing mine-rals like spodumene can be liberated from gangue minerals via dense media separation using either spirals and/or cyclones to separate particles based on density. Based on the individual deposits,
some ores need to be further processed to liberate the lithium from other mine-rals, like micaceous minerals, which can be entrained with lithium in the crystal structure. To do this, floation is used, floating the lithium-bearing minerals and suppressing the gangue minerals. Further magnetic separation can be used to re-move magnetite. The wet concentrate is filtered and prepared for transportation as a 6% Li2O concentrate.
Mining and Processing
The Mt. Marion project will be a standard open-cut mining operation, employing traditional drill & blasting techniques and conventional load & haul methods
using a small fleet of trucks and one or two small excavators. Life-of-mine strip ratios are expected to be 3:1. The pegmatite ore is harder than many other commercial ores, which is likely to lead to higher mining costs than similar-sized operations elsewhere in WA. The processing plant is designed to have a nameplate capacity of 1.75Mtpa, however we note the primary crusher is oversized (we believe closer to 6Mtpa) which will be beneficial if further expansions are pursued. The theoretical yield of the processing plant design based on Mt. Marion ore is 15-16%, however the nameplate production rate of 200ktpa of 6% Li2O spodumene concentrate is conservatively based on a 11% yield.
Report #1 | Far Resources Ltd.
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Little Granite Gold-Silver Mine (USA)
Little Granite is a past-producing, high grade silver-gold mine located in the Black Range Mining District of New Mexico, USA.
The last significant production is believed to have been in the 1930s. More recently, an exploration decline was driven for approx. 152 m (500 feet)in the early 1980s, and a 7 hole diamond drill program carried out in 1984. Further work was deferred due to the collapse of the silver price in the early 1980s.
The ore is hosted by a low-sulphidation epithermal quartz vein which outcrops at surface over widths of 0.30-0.61 m but reportedly widens to 1.8-3.7 m at 76 m depth. This main vein (similar to the high-grade Midas and Sleeper Mines in Nevada, USA, and the Fruta del Norte discovery in Ecuador) has been traced for over 183 m by underground workings and exploration drilling. The vein remains open along strike to the north and south and at depth.
Bonanza grade silver ore shoots were reported in old mine records, and local very high grade values (>1,000 g/t silver) were returned from check assay samples collected by Far Resources.
Far Resources plans a Phase-1 sampling and drill program in early 2017 to confirm the validity of the reported 1984 drill results, with a more extensive Phase-2 program (including drilling and ground geophysics) to follow given success in the Phase-1 work.
In late 2013, Far Resources conducted a site-visit to the the historic Little Granite Mine area. 3 composite samples were collected from piles of quartz dump
material near the mouth of the decline, reportedly excavated in the early 1980s. 2 of these samples, representative of the main style of quartz present, returned values of 179 g/t silver and 2.9 g/t gold, and 170 g/t silver and 6.7 g/t gold respectively. This material shows classic boiling textures and is thought to represent material from the upper part of a well-developed epithermal system. A third composite sample of fine grained grey “cherty” quartz material found on
one of the dumps returned values of 1,439 g/t silver and 25.2 g/t gold. The latter result supports historic reports of “bonanza-grade” shoots being present within the main vein system mined. 2 further samples of quartz vein material exposed in the walls of a collapsed stope immediately north of the main shaft returned values of 226 g/t silver and 2.2 g/t gold, and 24 g/t silver and 0.3 g/t gold. Both of these samples may have been subject to surface leaching effects.
Report #1 | Far Resources Ltd.
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Management & Directors
Keith Anderson (President & CEO) Mr. Anderson is a former Vice-President and registered representative with Canaccord Capital Corp. (now Canaccord Genuity Corp.) and has been involved in the securities industry, primarily in the resource sector, for >25 years. In 2009, he took over as President of Far Resources and is primarily responsible for the day to day management of the company.
Cyrus Driver (CFO & Director)Mr. Driver is a Chartered Accountant with 30 years of experience in the financial reporting and auditing of publicly traded companies. He is currently a partner with Davidson & Company LLP, Chartered Accountants. Mr. Driver has also acted as a director and/or held senior management positions with various publicly listed companies and is currently a director and/or officer of, among other companies, Nevada Exploration Inc., Orko Silver Corp. and Aldrin Resources Corp., all listed for trading on the TSX Venture Exchange.
Mark Fedikow (P.Geo)Dr. Fedikow has been an exploration geochemist and mineral deposits geologist with >40 years of experience in industry and government. He is a Fellow of the Association of Applied Geochemists and a past councillor of the Association of Applied Geochemists, and has served on a number of industry-related committees. President of Mount Morgan Resources Ltd. since 2002. He pioneered the application of regional multimedia geochemical and mineralogical surveys in support of base and precious metal and diamond exploration in Manitoba.
Frank Anderson (Director)Mr. Anderson has been providing management and consulting services to publicly traded companies for >30 years, with an emphasis on junior resource companies. During his career, he served as president and director of a number of junior public companies, including L.G.R. Resources Ltd., Consolidated Agarwal Resources Ltd., and Pacific Talc Ltd., a junior resource company involved in the exploration of talc.
Lindsay R. Bottomer (Director)Mr. Bottomer is a professional geologist with >40 years of experience in worldwide mineral exploration and development, including the Snip, Eskay Creek and Goldstream Projects in BC and more recently the Oyu Tolgoi Copper-Gold Project in Mongolia and the Ann Mason Copper Project in Nevada, USA. He has worked for several exploration companies, including Richfield Resources until its takeover by New Gold, and most recently as VP Business Development for Entrée Gold. He holds a B.Sc. (Honours) degree in geology from the University of Queensland and a M.Sc. degree from McGill University. He is a member of the Association of Professional Engineers and Geoscientists of BC and a Fellow of the Australian Institute of Mining & Metallurgy. He is also a past President of the BC and Yukon Chamber of Mines and served for 6 years as an elected councillor on the Association of Professional Engineers & Geoscientists of BC.
Jeremy Ross (Director)Mr. Ross has >17 years in corporate development and marketing for smallcap to mid-tier mining and petroleum companies. With a comprehensive network of institutional and retail relationships, he has planned and implemented numerous marketing campaigns. He was the Corporate Development Consultant for Fission Energy and played a key role in growing investor awareness up until its major sale of assets to Denison Mines. In 2013, Mr. Ross was appointed to the Board of Directors of Fission Uranium and was appointed to the Fission 3.0 Board of Directors following Fission Uranium’s acquisition of Alpha Minerals.
R. Stuart (Tookie) Angus (Advisor)Mr. Angus is an independent business advisor to the mining industry and cur-rently sits as Chair of Nevsun Resources Ltd. He was formerly Head of the Global Mining Group for Fasken Martineau. For the past 30 years, he has focused on struc-turing and financing significant inter-national exploration, development and mining ventures. More recently, he was Managing Director of M&A for Endeavour Financial. He is the former Chairman of the Board of BC Sugar Refinery Ltd., and Director of First Quantum Minerals until June 2005, a Director of Canico Resources Corp. until its takeover by CVRD, a Direc-tor of Bema Gold until its takover by Kin-ross in 2007, a Director of Ventana Gold until its takeover by AUX Canada in 2011, and a Director of Plutonic Power until its merger with Magma Energy in 2011.
Shastri Ramnath (Director)Ms. Ramnath is a Professional Geoscientist with >17 years of global experience within the exploration and mining industry. She is the co-founder, President, CEO and Principal Geologist of Orix Geoscience and has worked as the CEO of Bridgeport Ventures, as well as in technical roles focused on exploration and resources at FNX Mining and Falconbridge. She holds a B.Sc. in Geology from the University of Manitoba, a M.Sc. in Exploration Geology from Rhodes University (South Africa), and an Executive MBA from Athabasca University. Keith Anderson commented: “We are confident that Ms. Shastri’s experience and expertise in exploration, particularly in Manitoba, where our Zoro Lithium Property is located, will help us advance the project and build solid data that can be used for future exploration and reporting purposes.”
Report #1 | Far Resources Ltd.
“Our mission is to leverage our experienced management team that has sought out under-developed projects, with low barriers to produc-tion. Our goal is always to minimize the time it take to take our resources from the ground to production. We have located and acquired two key projects that fall within our strategic focus – one in Canada and the other in the U.S., two great jurisdictions. We are working to advance both of these to the next stage so we can unlock their full value for our shareholders.“ (CEO Keith Anderson; pictured to the right)
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Disclaimer and Information on Forward Looking Statements:All statements in this report, other than statements of historical fact should be con-sidered forward-looking statements. Much of this report is comprised of statements of projection. Statements in this report that are forward looking include that Far Resources Ltd. or any other company or market will perform as expected; that Far Resources Ltd. will complete the recently announced drilling; that the company will confirm historic results; that Far Resources Ltd. or its partner(s) can and will continue exploring; that the company can raise sufficient funds for a transaction, exploration and corporate matters; that any of the mentioned plans, comparisons with other companies, regions or numbers are valid or economic. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in these forward-looking statements. Risks and uncertainties respecting gold and resource companies are generally disclosed in the annual financial or other filing documents of Far Resources Ltd. and similar companies as filed with the relevant securities commis-sions, and should be reviewed by any reader of this report. In addition, with respect to Far Resources Ltd., a number of risks relate to any statement of projection or forward state-ments, including among other risks: the re-ceipt of all necessary approvals and permits; the ability to conclude a transaction to start or continue exploration; uncertainty of future market regulations, capital expenditures and other costs; financings and additional capital requirements for exploration, development, construction, and operating of a facility; the receipt in a timely fashion of further permitting for its legislative, political, social or economic developments in the jurisdic-tions in which Far Resources Ltd. carries on business; operating or technical difficulties in connection with production or development activities; the ability to keep key employees, joint-venture partner(s), and operations financed. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Rockstone and the author of this report do not undertake any obligation to update any statements made in this report.
Disclosure of Interest and Advisory Cautions: Nothing in this report should be construed as a solicitation to buy or sell any securities mentioned. Rockstone, its owners and the author of this report are not registered broker-dealers or financial advisors. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer. Never make an investment based solely on what you read in an online or printed report, including Rockstone’s report, especially if the investment involves a small, thinly-traded company that isn’t well known. The author of this report is paid by Zimtu Capital Corp., a TSX Venture Exchange listed investment company. Part of the author’s responsibilities at Zimtu Capital Corp. is to research and report on companies in which Zimtu Capital Corp. has an investment. So while the author of this report is not paid directly by Far Resources Ltd., the author’s employer Zimtu Capital Corp. will benefit from appreciation of Far Resources Ltd.’s stock price. The author also owns securities of Far Resources Ltd., as well as shares of Zimtu Capital Corp., and thus would also benefit from volume and price appreciation of its stocks. Hence, multiple conflicts of interests exist. Therefore, the information provided herewithin should not be construed as a financial analysis or recommendation but as advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. Rockstone and the author of this report do not guarantee the accuracy, completeness, or usefulness of any content of this report, nor its fitness for any particular purpose. Far Resources Ltd. has not reviewed all of the content of this report prior to publication. Lastly, the author does not guarantee that any of the companies mentioned in the reports will perform as expected, and any comparisons made to other companies may not be valid or come into effect. Please read the entire Disclaimer carefully. If you do not agree to all of the Disclaimer, do not access this website or any of its pages including this report in form of a PDF. By using this website and/or report, and whether or not you actually read the Disclaimer, you are deemed to have accepted it. Information provided is educational and general in nature.
Analyst Profile & Contact
Stephan Bogner (Dipl. Kfm. FH)Mining Analyst Rockstone Research 8050 Zurich, [email protected]
Stephan Bogner studied at the International School of Management (Dortmund, Germany), the European Business School (London)
and the University of Queensland (Brisbane, Australia). Under supervision of Prof. Dr. Hans J. Bocker, Stephan completed his diploma thesis (“Gold In A Macroeconomic Context With Special Consideration Of The Price Formation Process”) in 2002. A year later, he marketed and translated into German Ferdinand Lips‘ bestseller („Gold Wars“). After working in Dubai for 5 years, he now lives in Switzerland and is the CEO of Elementum International AG specialized in duty-free storage of gold and silver bullion in a high-security vaulting facility within the St. Gotthard Mountain Massif in central Switzerland.
Rockstone is a research house specialized in capital markets and publicly listed companies. The focus is set on exploration, development, and production of resource deposits. Through the publication of general geological basic knowledge, the individual research reports receive a background in order for the reader to be inspired to conduct further due diligence. All research from our house is being made accessible to private and institutional investors free of charge, whereas it is always to be construed as non-binding educational research and is addressed solely to a readership that is knowledgeable about the risks, experienced with stock markets, and acting on one’s own responsibility.
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Report #1 | Far Resources Ltd.
