("ABZ" -- TSX.V and/or "Company"), a mining company led by an experienced and successful business and mining team, is prudently advancing its 100% owned Zinc ("Gnome") and Iron-Ore ("Jean") projects in world-class mining districts in Canada, one of the safest and mining friendly jurisdictions in the world, while further diversifying its portfolio, with special attention directed to advanced acquisition targets in the Americas; especially: Colombia, Mexico, Ecuador, Peru, Argentina & Chile for precious metals [Gold (Au)/ Silver (Ag)], base metals [Copper (Cu)] & alkali metals [Cobalt (Co) / Lithium (Li)]. The Company intends to retain commodity focus by plan of arrangement spin-out transaction(s) ("Spin-Co.'s"), whereby appropriate assets will be spun out and advanced by new companies ("New-Spin-Co.'s") owned by the Company's then existing shareholders (the "Shareholders") to continue to build and enhance shareholder value.
"COMMITTED TO DIVERSIFICATION OF ASSETS TO BUILD & ENHANCE ADDITIONAL SHAREHOLDER VALUE"
The Future - Plan Going Forward:
Diversify Assets - with special attention directed to advanced assets in the Americas
- AsiaBaseMetals Inc.'s business plan, given the current global economic and political environment and the projected anticipated outlook going forward, as deemed prudent, is to diversify its assets; including entering into the exploration, and when appropriately warranted, production of precious metals (gold and/or silver); base metals (copper and/or zinc and/or iron-ore) the leading base metals for economic growth; and industrial metals (Cobalt and/or Lithium), the fundamental components for the exponentially growing power storage battery market sector; while continuing to advance the Gnome Zinc project (100% interest - encompassing 5,044 hectares (11 mineral claims) in the province of British Columbia) and the Jean Iron-Ore project (100% interest - 1,584 hectares (15 mineral claims in 99 units) in in the province of Ontario).
Accordingly, the Company's highly focused and experienced business and mining team, on the board of directors (the "Board") and the advisory board (the "Advisory Board"), has commenced reviewing new business opportunities, including identified advanced precious metals assets, with special attention directed to assets in the Americas; especially, Colombia, Mexico, Ecuador, Peru, Argentina & Chile.
Advance Current Zinc & Iron-Ore Projects Prudently
- Both the Gnome Zinc project and the Jean Iron-Ore project are located within highly prospective geological areas in Canada, one of the safest and mining friendly jurisdictions in the world, and especially where other world-class projects are currently being advanced by notable well-known and well-funded companies' who are likely to continue to upgrade the infrastructure and the access in the area to allow for production, thereby continually reducing the exploration costs. Pursuant to the Company's business plan, each of the projects was acquired upon the completion of a previous extensive review of upcoming future global demand for various types of metals when metal prices were unfavorable and/or depressed, especially for Zinc and Iron-Ore, at what management believes to be exceptionally low prices, representing "cents on the dollar for exploration work previously already conducted"; and without significant dilution to shareholders.
Maintain Commodity Focus through Spin-Out(s)
- The Company, pursuant to its plan to diversify, at the right time, will likely seek the transferring of either the acquired precious metal assets or part of the other assets, including non-precious metal assets, then held to new companies; to maintain commodity focus, through the undertaking of a plan of arrangement ("Spin-Out"), wherein the Company's then existing shareholders would receive, upon completion, shares of the new Spin-Out company (the "New-Spin-Co") without having to pay any additional funds; allowing each of the separate companies to focus individually in their respective sectors, based on appropriate regional infrastructure development and prevailing market factors, and to continue to build and maximize shareholder value.