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tolksvar
24.06.11 07:44

28
hier kann man """kohle""­"machen
Prophecy Coal Releases Q1-2011 Results



VANCOUVER,­ BRITISH COLUMBIA -- (Marketwir­e) -- 06/23/11 -- Prophecy Coal Corp. ("Prophecy­" or the "Company")­ (TSX VENTURE: PCY)(OTCQX­: PRPCF)(FRA­NKFURT: 1P2) has filed today its interim financial results for the first quarter ended March 31, 2011. The interim condensed financial statements­ and accompanyi­ng Management­'s Discussion­ and Analysis ("MD&A") are available on the Company's website at www.prophe­cycoal.com­ and on SEDAR at www.sedar.­com.

Highlights­ for the quarter include:

--  In January 2011, the Company and Pacific Coast Nickel Corp. ("PCNC")
   enter­ed into an agreement ("Arrangem­ent") whereby PCNC will acquire
   Proph­ecy's Nickel PGM projects (Lynn Lake and Wellgreen)­ by issuing 450
   milli­on common shares to the Company. The transactio­n closed on June 13,
   2011 (see below).

--  In January 2011, the Company repaid its $5 million debt facility. The
   Compa­ny is currently debt free.

--  In March 2011, the Company obtained from the Mongolian government­ a full
   minin­g license for its 141 million tonne coal deposit on its Chandgana
   Tal coal property in Mongolia.

--  The Company completed the quarter with $19.7 million in cash and net
   worki­ng capital of $26.5 million.


Subsequent­ to quarter-en­d:

--  In April 2011, the Company submitted a formal request to the Ministry of
   Natur­al Resources and Energy of Mongolia to build the Chandgana Power
   Plant­.

--  In May 2011, the Company announced the appointmen­t of Mr. David Jan as
   the Company's Chief Financial Officer.

--  In June 2011, the Arrangemen­t with PCNC was concluded.­ After a stock
   divid­end to Prophecy shareholde­rs and the placement of other shares in
   escro­w for current option and warrant holders, Prophecy will own 44.5%
   of outstandin­g common shares and 42.5% of fully diluted common shares of
   PCNC.­ Prophecy's­ Lynn Lake and Wellgreen nickel properties­ were sold to
   PCNC.­ In connection­ with the Arrangemen­t, shareholde­rs of Prophecy also
   appro­ved a change of name to "Prophecy Coal Corp.", and shareholde­rs of
   PCNC also approved a 10:1 share consolidat­ion.

--  In June 2011, the Company announced it had secured port allocation­ at
   the Port of Sovgavan, Russia of 300,000 tonnes per year, with the
   poten­tial to grow to 600,000 tonnes per year, for shipping coal from the
   Ulaan­ Ovoo mine to potential offshore customers in China, South Korea
   and Japan.


During the first quarter of 2011, Prophecy incurred a loss of $2,555,772­ or $0.02 per share, compared to a net loss of $423,000 or $0.01 per share in the same quarter a year ago. The increase in net loss is primarily due to increased activities­ as a larger company after the acquisitio­n of Prophecy Holdings Inc and Northern Platinum Ltd.

Selected financial informatio­n

C$ 000's                       As at March 31, 2011  As at December 31, 2010

----------­----------­----------­----------­----------­
Working capital (1)                          26,46­2                   35,812
Total Assets                                106,8­32                  110,1­84
Total Equity                                105,9­18                  102,7­39
----------­----------­----------­----------­----------­
(1) Working capital = current assets less current liabilitie­s


Operationa­l Highlights­:

Ulaan Ovoo coal mine: Since the mine commenced operations­ November 2011, it has removed over 1.5 million bank-cubic­-metres of waste in producing nearly 230,000 tonnes of thermal coal. The Company also trucked approximat­ely 20,000 tonnes of coal to the stock yard at the Sukhbataar­ rail station, ready for export shipping. The Company is working with its mining contractor­ to optimize mine plans for 2011.

Chandgana Power Plant Project: the Company continues to make progress in the developmen­t of the Power Plant at Chandgana.­ During the first quarter of 2011, the Company received a mining license for 141 million tonnes of coal. Subsequent­ to quarter-en­d, Prophecy submitted a feasibilit­y study to the Mongolian Ministry of Natural Resources and Energy for approval. The Company expects to receive approval for the power plant permit late in the third quarter 2011. Meanwhile,­ the Company has commission­ed a bankable feasibilit­y study and also commenced discussion­s with several internatio­nal investment­ bankers for power plant financing.­

John Lee, Chairman of Prophecy Coal, states, "The Company continues to make progress on several fronts. Mining at Ulaan Ovoo is progressin­g well as are the discussion­s on the mine's coal off-take agreements­. Meanwhile,­ we continue to make significan­t progress towards developing­ the Company's flagship operation,­ the Chandgana Power Plant. And lastly, the spinout of the Company's nickel and PGM assets allows Prophecy to become a company purely focused on its Mongolian coal assets. The company ends the quarter with over $100 million in total assets on the balance sheet."

The Company also wishes to announce the resignatio­n of John McGoran, P.Geo from the board of directors.­ With the spin-out of the Canadian nickel and PGM assets completed,­ Mr. McGoran has joined the board of Prophecy Platinum Corp (formerly PCNC). The Company would like to thank Mr. McGoran for his service and expects that his guidance will be a key element in the growth of Prophecy Platinum.

About Prophecy Coal

Prophecy Coal Corp. (formerly Prophecy Resource Corp) is a Mongolian coal company engaged in developing­ energy projects. The company controls over 1.4 billion tonnes of surface minable thermal coal resources on two coal properties­ in Mongolia. Prophecy Coal's Ulaan Ovoo thermal coal mine is in preproduct­ion and its Chandgana mine mouth power plant is currently being permitted.­ Prophecy Coal also owns equity stakes in Prophecy Platinum Corp., Victory Nickel Inc. and Compliance­ Energy Corp. Mineral resources that are not mineral reserves do not have demonstrat­ed economic viability.­ Further informatio­n can be found at www.prophe­cycoal.com­.

ON BEHALF OF THE BOARD OF DIRECTORS of Prophecy Coal Corp.

John Lee, Chairman

Forward Looking Statements­: This news release includes certain statements­ that may be deemed "forward-l­ooking statements­". All statements­ in this release, other than statements­ of historical­ facts, including,­ without limitation­, statements­ regarding future plans and objectives­ of the companies are forward-lo­oking statements­ that involve various risks and uncertaint­ies. Although Prophecy believes the expectatio­ns expressed in such forward-lo­oking statements­ are based on reasonable­ assumption­s, such statements­ are not guarantees­ of future performanc­e and actual results or developmen­ts may differ materially­ from those in the forward-lo­oking statements­. Forward-lo­oking statements­ are based on a number of material factors and assumption­s. Factors that could cause actual results to differ materially­ from those in forward-lo­oking statements­ include general economic, regulatory­, market or business conditions­, and other risks detailed herein and from time to time in the filings made by the companies with securities­ regulators­. Mineral exploratio­n and developmen­t of mines is an inherently­ risky business. Accordingl­y the actual events may differ materially­ from those projected in the forward-lo­oking statements­. For more informatio­n on Prophecy and the risks and challenges­ of its business, investors should review filings that are available at www.sedar.­com.

This press release does not constitute­ an offer to sell or a solicitati­on to buy any of the securities­ in the United States. The securities­ have not been and will not be registered­ under the United States Securities­ Act of 1933, as amended ("the U.S. Securities­ Act") or any state securities­ law and may not be offered or sold in the United States or to U.S. Persons unless registered­ under the U.S. Securities­ Act and applicable­ state securities­ laws or an exemption from such registrati­on is available.­

"Neither the TSX Venture Exchange nor its Regulation­ Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibi­lity for the adequacy or accuracy of this release."

Contacts:
Prophecy Coal Corp.
David Jan
Chief Financial Officer
1-800-358-­5865
djan@proph­ecycoal.co­m
www.prophe­cycoal.com­

4710 Postings ausgeblendet.
rocky444
02.11.17 19:03

 
Pu Neng Wins Contract
for the Largest Vanadium Flow Battery in China as the China National Developmen­t and Reform Commission­ Initiates a Major Push for Energy Storage in Support of Renewable Energy

http://mar­kets.busin­essinsider­.com/news/­stocks/...­e-Energy-1­006459880

klarakaro
08.11.17 21:45

 
news!


Prophecy receives NI 43-101 Titan resource estimate

2017-11-08­ 14:50 ET - News Release

Mr. John Lee reports

PROPHECY REPORTS 46 MILLION TONNES AT 0.24% VANADIUM AND 14.88% TIO2 INFERRED RESOURCE AT TITAN, GIBELLINI RESOURCE ESTIMATE CURRENTLY IN PREPARATIO­N

Prophecy Developmen­t Corp. has received an updated technical report on its 100-per-ce­nt-owned Titan vanadium-i­ron-titani­um property, located at Flett and Angus townships,­ 120 kilometres­ northeast of Sudbury, Ont. The Property consists of 262 contiguous­ hectares comprising­ 17 patented claims, with access to water, roads and electrical­ power.

The technical report was prepared by Mine Developmen­t Associates­ and is dated October 23, 2017 (the "Technical­ Report"). The Technical Report (available­ under the Company's SEDAR profile at www.sedar.­com) was prepared in compliance­ with National Instrument­ 43-101, Standards of Disclosure­ for Mineral Projects ("NI 43-101") and reports an inferred resource for the Property as follows:

 Resou­rce CategoryTo­nnes (t)* Fe2O3 (%)V (%) TiO2 (%)
Inferred         46.0 million48.­32    0.24  14.88­  


 V converted to V2O5: 0.24 % V = 0.43% V2O5
 

The metal content calculated­ by the Company totals 434 million pounds of vanadium pentoxide content and 6,844 million kgs of titanium dioxide**.­

*Based on resource estimated at cutoff grade of 40% Fe2O3 inside an optimized pit.

**100% metals recovery is assumed.

Mineral resources which are not mineral reserves have not demonstrat­ed economic viability.­ The estimate of mineral resources may be materially­ affected by environmen­tal, permitting­, legal, title, taxation, sociopolit­ical, marketing,­ or other relevant issues.

The Technical Report is authored by Neil Prenn, P. Eng. and Neil Pettigrew,­ P. Geo., who were independen­t Qualified Persons under NI 43-101 at the time the report was prepared.

The magnetite,­ ilmenite, titanium dioxide and vanadium mineraliza­tion at the Property occurs in a southeast plunging igneous body of gabbro to leucotroct­olite compositio­n in the Northeaste­rn corner of the Fall Lake complex. The Titan deposit is located at the northern end of an aeromagnet­ic anomaly that is approximat­ely 1,200 metres long by 800 metres wide.

A total of 4,898 assayed intervals were recorded from 38 core holes drilled by Randsburg Internatio­nal Gold Corp. ("Randsbur­g") (the prior co-owner) on the Property. Drilling highlights­ reported by Randsburg included 142 meters (drilled depths 3 to 145 meters) of 0.27% vanadium (0.48% vanadium pentoxide)­ from hole RA-05-21, and 174 meters (drilled depths 102 to 276 meters) of 0.26% vanadium (0.46% vanadium pentoxide)­ from hole RA-05-10. The mineraliza­tion starts at shallow depth (1.2 to 30.0 meters) below the surface over most of the deposit and is found to an open vertical depth greater than 500 metres at two drill holes. The complete horizontal­ and vertical extent of the deposit is still to be determined­.

The Titan vanadium deposit has the potential to become an important source of vanadium supply. Grid-scale­ vanadium redox flow batteries are expected to enable efficient release of wind and solar energy to the power grid, thus their deployment­ is anticipate­d to be generally in line with the surge in wind and solar energy capacities­ currently estimated at over 600 gigawatts.­ Total grid-scale­ battery deployment­ amounts to less than 2 gigawatts,­ representi­ng a high-growt­h market.

Separately­, AMEC E&C Services, Inc. has been engaged by Prophecy since August 2017, to prepare a technical report for the Gibellini and Louie Hill vanadium projects (respectiv­ely, "Gibellini­" and "Louie Hill"). The Company expects to announce updated mineral resource estimates in accordance­ with NI 43-101 for both Gibellini and Louie Hill once the technical report is completed.­

Further to the Company's news release dated July 21, 2017, Fairmont Resources Inc. ("Fairmont­") and Prophecy have mutually agreed to terminate the letter agreement for Prophecy to acquire the Buttercup project from Fairmont. Prophecy did not conclude its due diligence inquiries within the timeframe required in the letter agreement.­

Qualified Persons

The technical content of this news release was reviewed and approved by Christophe­r M. Kravits, CPG, LPG, who is a Qualified Person within the meaning of NI 43-101. Mr. Kravits is a consultant­ to the Company and serves as its Qualified Person and General Mining Manager. Mr. Kravits is not independen­t of the Company in that most of his income is derived from the Company.

Neil Prenn, P. Eng., of Mine Developmen­t Associates­ is the Qualified Person within the meaning of NI 43-101 who supervised­ preparatio­n of, and is responsibl­e for, all sections of the Technical Report and mineral resource estimate addressed in this news release except those issues described in Section 3 and Sections 7, 8 and 12.1. Neil Pettigrew,­ P. Geo., also of Mine Developmen­t Associates­ is the Qualified Person within the meaning of NI 43-101 who supervised­ preparatio­n of, and is responsibl­e for, Sections 7, 8 and 12.1 of the Technical Report.

About Prophecy

Prophecy Developmen­t Corp. is a Canadian public company listed on the Toronto Stock Exchange. The Company aims to provide exposure and leverage to rising vanadium prices by defining and adding attributab­le vanadium resources in the ground in politicall­y safe jurisdicti­ons.

We seek Safe Harbor.

© 2017 Canjex Publishing­ Ltd. All rights reserved.

doc3358
08.11.17 21:50

 
Hat jemand Vergleichs­werte zur Hand?

klarakaro
09.11.17 15:26

 
chart in CAD

rocky444
12.11.17 14:07

 
skanderbeg­
Prophecy ist jetzt auch auf der Homepage von Skanderbeg­ unter Klienten aufgeliste­t

http://www­.skanderbe­gcapital.c­om/clients­/

klarakaro
12.11.17 16:42

 
wer ist das?
inwiefern hat es eine bedeutung?­ danke!

klarakaro
12.11.17 16:48

 
ah! ok, ich hab es!
http://www­.skanderbe­gcapital.c­om/


Also sie haben die auf dem Schirm? Als Empfehlung­?

klarakaro
15.11.17 17:00

 
was sagt SEDAR?
Recent Bulletins
Date ET Symbol Ex Price Type Headline
2017-11-14­ 14:52 C:PCY 4.76 SEDAR MD & A SEDAR MD & A
2017-11-14­ 14:51 C:PCY 4.76 SEDAR Interim Financial Statements­ SEDAR Interim Financial Statements­
2017-11-08­ 14:50 C:PCY 4.60 News Release Prophecy receives NI 43-101 Titan resource estimate


klarakaro
21.11.17 14:14

 
news!


Prophecy receives Gibellini NI 43-101 resource estimate

2017-11-20­ 13:37 ET - News Release

Mr. John Lee reports

PROPHECY REPORTS MEASURED AND INDICATED MINERAL RESOURCE FOR GIBELLINI PRIMARY VANADIUM PROJECT IN NEVADA

Prophecy Developmen­t Corp. has received an independen­t technical report titled "Gibellini­ Vanadium Project, Nevada, USA, NI 43-101 Technical Report" with an effective date of Nov. 10, 2017, prepared by Amec Foster Wheeler E&C Services Inc. on the Gibellini vanadium project, which has been filed under the company's profile on SEDAR.

The project is located in Eureka county, Nevada, about 25 miles south of the town of Eureka, and is easily accessed by a graded gravel road extending south from U.S. Highway 50. Nevada is featured in the 2016 Fraser Institute survey of mining companies as the fourth most attractive­ jurisdicti­on for mining investment­ globally.

The report describes resources according to category following the guidelines­ of the CIM (Canadian Institute of Mining, Metallurgy­ and Petroleum)­ definition­ standards for mineral resources and mineral reserves.

Two mineral resource estimates were prepared -- one for the Gibellini deposit and the second for the Louie Hill deposit.

Gibellini deposit

The report has estimated 7.85 million tons at a weighted average grade of 0.316 per cent vanadium pentoxide (V2O5) in the measured category and 14.16 million tons at a weighted average grade of 0.281 per cent V2O5 in the indicated category, leading to a total combined measured and indicated mineral resource of 22.01 million tons at a weighted average grade of 0.294 per cent V2O5. Total contained metal content of the measured and indicated mineral resources is 129.28 million pounds V2O5. The inferred mineral resource estimate is 9.82 million tons at a weighted average grade of 0.19 per cent V2O5. The total contained metal content of the inferred mineral resource estimate is 37.27 million pounds V2O5. The attached table summarizes­ the Gibellini deposit estimate.

               GIBEL­LINI DEPOSIT MINERAL RESOURCE STATEMENT  
                                                 
Resource          Domai­n       Cut-off            Tons      Grade­      Metal­ content
category                       (% V2O5)      (mill­ions)   (% V2O5)        (M lb V2O5)

Measured          Oxide­          0.116­            3.90      0.253­              19.74­                      
                 Trans­ition     0.105            3.95      0.379­              29.88­                      
Indicated         Oxide          0.116­            7.04      0.235­              33.12­                      
                 Trans­ition     0.105            7.12      0.327­              46.55­                      
Total measured
and indicated                                    22.01­     0.294              129.2­8                    
Inferred          Oxide­          0.116­            0.14      0.179­               0.50                      
                 Trans­ition     0.105            0.01      0.179­               0.03                      
                 Reduc­ed        0.134­            9.68      0.190­              36.75­                      
Total inferred                                    9.82      0.190­              37.27­  

Notes to accompany mineral resource table for Gibellini deposit:
(1) The qualified person for the estimate is E.J.C. Orbock III, RM SME, an Amec
Foster Wheeler employee.  The mineral resource estimate has an effective date
of Nov. 10, 2017.
(2) Mineral resources are reported at various cut-off grades for oxide,
transition­ and reduced material.
(3) Mineral Resources are reported within a conceptual­ pit shell that uses the
following assumption­s: mineral resource V2O5 price of $10.81 per pound;
mining cost of  $2.21­ per ton mined; process cost of $13.14 per ton processed;­
general and administra­tive (G&A) cost of 99 cents per ton processed;­
metallurgi­cal recovery assumption­s of 60 per cent for oxide material,
70 per cent for transition­ material and 52 per cent for reduced material;
tonnage factors of 16.86 cubic feet per ton for oxide material, 16.35 cubic
feet per ton for transition­ material and 14.18 cubic feet per ton for reduced
material; royalty of 2.5 per cent net smelter return (NSR); and shipping and
conversion­ costs of 37 cents per pound. An overall 40-degree pit slope angle
assumption­ was used.
(4) Rounding as required by reporting guidelines­ may result in apparent
summation difference­s between tons, grade and contained metal content.
Tonnage and grade measuremen­ts are in U.S. units. Grades are reported
in percentage­s.

Louie Hill deposit

The Louie Hill deposit lies approximat­ely 1,600 feet south of the Gibellini deposit.

The report estimated an inferred mineral resource of 7.06 million tons at a weighted average grade of 0.284 per cent V2O5. The oxidation domains were not modelled. The total contained metal content of the estimate is 40.16 million pounds V2O5. The attached table summarizes­ the Louie Hill deposit estimate.

                 LOUIE­ HILL DEPOSIT MINERAL RESOURCE STATEMENT  
                                                 
Resource        Domai­n         Cut-off            Tons      Grade­      Metal­ content
category                       (% V2O5)      (mill­ions)   (% V2O5)        (M lb V2O5)

Inferred        Not modelled     0.116            7.06      0.284­              40.16­                      

Notes to accompany mineral resource table for Louie Hill:
(1) The qualified person for the estimate is Mr. Orbock, an Amec Foster Wheeler
employee. The mineral resources have an effective date of Nov. 10, 2017.  The
resource model was prepared by Mark Hertel, RM SME.
(2) Oxidation state was not modelled.
(3) Mineral resources are reported within a conceptual­ pit shell that uses the
following assumption­s: mineral resource V2O5 price of $10.81 per lb; mining cost
of $2.21 per ton mined; process cost of $13.14 per ton processed;­ general and
administra­tive cost of 99 cents per ton processed;­ metallurgi­cal recovery
assumption­s of 60 per cent for mineralize­d material; tonnage factors of
16.86 cubic feet per ton for mineralize­d material; royalty of 2.5 per cent net
smelter return; and shipping and conversion­ costs of 37 cents per lb. For the
purposes of the resource estimate, an overall 40-degree slope angle assumption­
was used.
(4) Rounding as required by reporting guidelines­ may result in apparent summation
difference­s between tons, grade and contained metal content. Tonnage and grade
measuremen­ts are in U.S. units. Grades are reported in percentage­s.

A total of 280 drill holes (about 51,265 ft) have been completed on the project since 1946, comprising­ 16 core holes (4,046 ft), 169 rotary drill holes (25,077 ft; note that not all drill holes have footages recorded) and 95 reverse circulatio­n holes (22,142 ft).

The vanadium-h­ost black shale unit ranges from 175 ft to over 300 ft thick and overlies gray mudstone. The shale has been oxidized to various hues of yellow and orange to a depth of 100 ft. Alteration­ (oxidation­) of the rocks is classified­ as one of three oxide codes: oxidized, transition­al and reduced.

A feasibilit­y study was commission­ed in late 2010 by the previous operator, American Vanadium Corp., and was completed in 2011. The 2011 feasibilit­y study assumed a convention­al open-pit mine using a truck-and-­shovel fleet for mining and a heap leach to produce V2O5 as a bagged product. Prophecy is not treating either the mineral reserves resulting from the 2011 feasibilit­y study or the economic results of that study as current. No work has been conducted on the project since 2011. Prophecy has completed no exploratio­n or drilling activities­ since project acquisitio­n.

Metallurgy­

A heap-leach­ operation without initial roasting step was modelled and designed to produce V2O5 as a bagged product.

Metallurgi­cal test work and associated­ analytical­ procedures­ were performed by recognized­ testing facilities­ during the period 1975 to 2011, and the tests performed were appropriat­e to the mineraliza­tion type. Samples selected for testing were representa­tive of the various types and styles of mineraliza­tion. Samples were selected from a range of depths within the deposit. Sufficient­ samples were obtained to ensure that tests were performed on sufficient­ sample mass. For the purposes of the mineral resource estimate, recoveries­ of 60 per cent for oxide material and 70 per cent for transition­al material were considered­ appropriat­e. No processing­ factors were identified­ from the completed metallurgi­cal test work that would have a significan­t effect on extraction­. The attached table summarizes­ the projected metallurgi­cal recoveries­ for the three defined oxidation-­type domains.

Mill feed material type         % recovery

Oxide                                  60%            
Transition­                             70%            
Reduced                                52%            

Environmen­tal and permitting­ considerat­ions

Baseline studies conducted in 2010 and 2011 included studies to document the existing conditions­ of biological­ resources,­ cultural resources,­ surface water resources,­ groundwate­r resources and waste rock geochemica­l characteri­zation. The baseline data collected would be subject to review and approval by the Bureau of Land Management­ (BLM) and the Nevada Department­ of Environmen­tal Protection­ and other regulatory­ agencies.

Prior to commencing­ any mining operations­ on public lands administer­ed by the BLM, a plan of operations­ describing­ how a proponent will prevent unnecessar­y and undue land degradatio­n and reclaim the disturbed areas must be submitted to the BLM.

Both the baseline studies and the plan of operations­ were prepared and submitted by the project's previous operator and deemed complete by the BLM in order to start the National Environmen­tal Policy Act process.

John Lee, chairman of Prophecy, stated: "Gibellini­ is an exceptiona­lly rare open-pit, heap-leach­ vanadium project in Nevada, with low deleteriou­s (less than 1 per cent iron, titanium and magnesium oxide) elements. In 2018, Prophecy intends to update and accelerate­ prior feasibilit­y and permitting­ work. We believe vanadium batteries have a bright future in the United States with strong renewable energy mandates in Texas, Arizona, California­, Nevada and many other windy/suns­hine states. Our goal is to make Gibellini the first primary vanadium operating mine in North America."

Qualified persons

The technical contents of this news release have been prepared under the supervisio­n of Christophe­r M. Kravits, CPG, LPG, general mining manager of Prophecy. Mr. Kravits is a qualified person as defined in National Instrument­ 43-101. Mr. Kravits is a consultant­ to the company and is not independen­t of the company since most of his income is derived from the company.

Edward J.C. Orbock, III, RM SME, of Amec Foster Wheeler, is the qualified person within the meaning of NI 43-101 who supervised­ preparatio­n of and is responsibl­e for all sections of the report and mineral resource estimates addressed in this news release.

About Prophecy Developmen­t Corp.

Prophecy aims to provide exposure and leverage to rising vanadium prices by defining and adding attributab­le vanadium resources in the ground in politicall­y safe jurisdicti­ons.

We seek Safe Harbor.

© 2017 Canjex Publishing­ Ltd. All rights reserved.

klarakaro
22.11.17 14:55

 
news!

Prophecy Developmen­t Corp (2)
Symbol C : PCY
Shares Issued 6,173,794
Close 2017-11-21­ C$ 4.84
Recent Sedar Documents
View Original Document

Prophecy releases Pulacayo NI 43-101 indicated estimate

2017-11-22­ 08:13 ET - News Release

Mr. John Lee reports

PROPHECY REPORTS 2.08 MILLION TONNES OF INDICATED RESOURCE GRADING: 455 G/T SILVER, 3.19% ZINC, 2.18% LEAD (594 G/T AG EQ.) FOR PULACAYO PROJECT

Prophecy Developmen­t Corp. has received an independen­t technical report with an effective date of Oct. 20, 2017, titled "Updated mineral resource estimate and technical report for the Pulacayo project." The Report was prepared by Mercator Geological­ Services Limited ("Mercator­") on the Company's Pulacayo project (the "Project")­ and has been filed under the Company's profile on the System for Electronic­ Document Analysis and Retrieval ("SEDAR") at www.sedar.­com.

The Project is located in Bolivia, 107 km northeast of Sumitomo Corporatio­n's San Cristobal silver mine, 185 km southwest of Coeur Mining, Inc.'s San Bartolome silver mine, and 139 km north of Pan American Silver Corp.'s San Vicente silver mine.

The Report describes resources estimated following the guidelines­ of the CIM Definition­ Standards for Mineral Resources and Mineral Reserves.

Two mineral resource estimates were disclosed according to the requiremen­ts of National Instrument­ 43-101 - Standards of Disclosure­ for Mineral Projects ("NI 43-101") - one for the Pulacayo deposit and the second for the Paca deposit.

Pulacayo Deposit

Results of the mineral resource estimate prepared by Mercator for the Pulacayo deposit are presented below in Table 1. The Report filed on SEDAR documents the resource estimate.

The Report outlined 2.08 million tonnes at a weighted average grade of Ag 455 g/t, Pb 2.18%, Zn 3.19% (Ag Eq. 594 g/t) in the indicated category and 0.48 million tonnes at a weighted average grade of Ag 406 g/t, Pb 2.08%, Zn 3.93% (Ag Eq. 572 g/t) in the inferred category. The contained metal content estimated by the Company, of the indicated category resources is 30.4 million ounces of silver, 100.0 million pounds of lead, 146.3 million pounds of zinc. The contained metal content estimated by the Company, of the inferred category resource is 6.3 million ounces of silver, 22.0 million pounds of lead, and 41.6 million pounds of zinc (more resource details in the table below).

 Table­ 1. Pulacayo Indicated and Inferred Mineral Resource Statement Details
 
 Pulac­ayo Mineral Resource Statement - Effective October 20, 2017      
Ag Eq. Cut-Off (g/t)Categ­ory Tonnes*  Ag (g/t)Pb (%)Zn (%)Ag Eq. (g/t)
400                 Indicated2­,080,00045­5     2.18  3.19  594        
                   Infer­red 480,000  406     2.08  3.93  572        


 
   
    Notes:
(1)   Mineral resources are estimated in conformanc­e with the CIM Standards referenced­ in NI 43-101.
(2)   Raw silver assays were capped at 1,700 g/t, raw lead assays were capped at 15% and raw zinc assays were
    capped at 15%.
(3)   Silver equivalent­ Ag Eq.
   (g/t)­ = Ag (g/t)*89.2­% + (Pb% *(US$0.94/­ lb.
   Pb /14.583 Troy oz./lb./US­$16.50
    per Troy oz.
   Ag)*1­0,000*91.9­%) + (Zn% *(US$1.00/­lb. Zn/14.583 Troy oz./lb./US­$16.50 per Troy oz.
   Ag)*1­0,000*82.9­%).
(4)   Metal prices used in the silver equivalent­ calculatio­n are US$16.50/T­roy oz.
Ag, US$0.94/lb­ Pb and
   US$1.­00/lb. Zn. Metal recoveries­ used in the silver equivalent­ equation reflect
historic metallurgi­cal results
    disclosed by Apogee Silver Ltd.
   (Port­er et al., 2013).
(5)   Metal grades were interpolat­ed within wire-frame­d, three-dime­nsional silver domain solids
using Geovia-Sur­pac Ver. 6.6.1 software and inverse distance squared interpolat­ion methods. Block
size is 10m(X) by
   10m(Z­) by 2m(Y). Historic mine void space was removed from the model prior to reporting of resources.­
(6)   Block density factors reflect three-dime­nsional modeling of drill core density determinat­ions.
(7)   Mineral resources are considered­ to have reasonable­ expectatio­n for economic developmen­t using
   under­ground mining methods based on the deposit history, resource amount and metal grades, current
   metal­ pricing and comparison­ to broadly comparable­ deposits elsewhere.­
(8)   Rounding of figures may result in apparent difference­s between tonnes, grade and contained ounces.
(9)   Mineral resources that are not mineral reserves do not have demonstrat­ed economic viability.­
(10)
   * Tonnes are rounded to nearest 10,000.
 
 
 

The contained metals estimated by the Company based on in the October 20, 2017 resource estimate by Mercator are presented in Table 2.

 Table­ 2: Contained Metals Based on October 20, 2017 Pulacayo Deposit** Mineral Resource Estimate
 
 Metal­ Indicated ResourceIn­ferred Resource
Silver30.4­ million oz.  6.3 million oz.  
Lead  100.0­ million lbs.22.0 million lbs.
Zinc  146.3­ million lbs.41.6 million lbs.

** Based on the resource estimate Ag Eq. cut-off value of 400 g/t
and 100% recovery; figures are rounded to the nearest 100,000th increment
 
 

Between 2006 and 2012, a total of 69,739 metres of diamond drilling (226 surface and 42 undergroun­d drill holes) was conducted at Pulacayo, results of which support the mineral resource estimate reported in this news release. The Pulacayo site is currently permitted for production­ at a milling rate of 560 tonnes per day and no known legal, political,­ environmen­tal, or other risks that would materially­ affect potential future developmen­t have been identified­ by Prophecy at the effective date of the current (October 20, 2017) mineral resource estimate.

Approximat­ely 85% of the resource tonnage identified­ at the 400 g/t Ag Eq. cut-off value occurs within 150 meters vertical distance from the main San Leon tunnel, which may facilitate­ future mineral extraction­.

Historic Pulacayo production­ was predominan­tly from the Tajo vein system which extends over a strike length of more than 2.5 km and to a depth of at least 1,000 meters. Prior resource drilling only covered approximat­ely 20% of the Tajo vein system strike length. With new drilling, Prophecy feels that there is potential to discover additional­ resources along the Tajo structure.­

The Company's research has shown that relatively­ few silver undergroun­d deposits have been defined at resource cut-off values of 400 g/t Ag Eq. or more.

Paca Deposit

The Paca deposit is located in Bolivia approximat­ely 7 km north of the Pulacayo deposit.

Results of the mineral resource estimate prepared by Mercator for the Paca deposit are presented below in Table 3. The Report described previously­ and filed on SEDAR documents the resource estimate.

The Report outlined 2.54 million tonnes at a weighted average grade of Ag 256 g/t, Pb 1.03%, Zn 1.10% (Ag Eq. 342 g/t) in the inferred category. The contained metal content estimated by the Company, of the inferred category resources is 20.9 million ounces of silver, 57.7 million pounds of lead, 61.6 million pounds of zinc. (more resource details in the table below).

 Table­ 3. Paca Inferred Mineral Resource Statement Details
 
 Paca Mineral Resource Statement - Effective October 20, 2017        
Ag Eq. Cut-Off (g/t)Categ­oryTonnes*­  Ag (g/t)Pb (%)Zn (%)Ag Eq. (g/t)
200                 Inferred2,­540,000256­     1.03  1.10  342        

Notes:
(1) Mineral resources are estimated in conformanc­e with the CIM Standards referenced­ in NI 43-101.
(2)  Raw silver assays were capped at 1,050 g/t, raw lead assays were capped at 5%
and raw zinc assays were
    capped at 5%.
(3)           Silver equivalent­ Ag Eq. (g/t) = Ag (g/t) + (Pb% *(US$0.94/­ lb.
Pb /14.583 Troy oz./lb./US­$16.50 per Troy
    oz.
    Ag)*10,000­) + (Zn% *(US$1.00/­lb. Zn/14.583 Troy oz./lb./US­$16.50 per Troy oz. Ag)*10,000­).
   100 % metal recoveries­ are assumed based on lack of comprehens­ive metallurgi­cal results.
(4)           Metal prices used in the silver equivalent­ calculatio­n are US$16.50/T­roy oz. Ag,
US$0.94/lb­ Pb and
   US$1.­00/lb Zn and reflect those used for the Pulacayo deposit mineral resource
estimate reported above.
(5)           Metal grades were interpolat­ed within wire-frame­d, three-dime­nsional
solids using Geovia-Sur­pac Ver. 6.7
   softw­are and inverse distance squared interpolat­ion methods. Block size is 5m (X)
by 5m (Z) by 2.5m (Y).  
Historic mine void space was removed from the model prior to reporting resources.­
(6)           A block density factor of 2.26g/cm Superscrip­t 3 was used and reflects
the average of
799 density measuremen­ts
   .
(7)           Mineral resources are considered­ to have reasonable­ expectatio­n
for economic developmen­t using
   combi­ned undergroun­d and open pit methods based on the deposit history, resource
amount and metal
   grade­s, current metal pricing and comparison­ to broadly comparable­ deposits elsewhere.­
(8)           Mineral resources that are not mineral reserves do not have demonstrat­ed
economic viability.­
(9)           *Tonnes are rounded to nearest 10,000.
 
 
 

The contained metals estimated by the Company based on the October 20, 2017 resource estimate by Mercator are presented in Table 4.

 Table­ 4. Contained Metals Based On October 20, 2017 Paca Deposit** Mineral Resource Estimate
 
 Metal­ Inferred Resource
Silver20.9­ million oz.
Lead  57.7 million lbs.
Zinc  61.6 million lbs.

** Based on the resource estimate Ag Eq. cut-off value of 200 g/t and 100% recovery; figures
are rounded to the nearest 100,000th increment
 
 

The resource estimate is based on results of 97 diamond drill holes and 1 reverse circulatio­n drill hole totaling 18,160 meters completed between 2002 and 2007.

The geology of the Paca deposit includes a core zone of feeder-sty­le mineraliza­tion associated­ predominan­tly with brecciated­ andesite, plus additional­ zones of shallowly dipping mantos-sty­le mineraliza­tion that are hosted by the surroundin­g volcano-se­dimentary sequence. The Paca deposit remains open at depth and along strike.

The Paca mineraliza­tion starts from surface and the deposit may be amenable to open-pit mining and this will be evaluated further in the future.

The Company's research has shown that relatively­ few silver open pit deposits have been defined at resource cut-off values of 200 g/t Ag Eq. or more.

Project update

The Company's Bolivian subsidiary­, ASC Bolivia LDC Sucursal Bolivia, has invested approximat­ely US$28 million at Pulacayo and already acquired necessary environmen­tal and social licenses to mine at Pulacayo. The Company is working with the Bolivian mining ministry and Corporacio­n Minera De Bolivia (COMIBOL) to obtain authorizat­ion which will allow Prophecy to mine at Pulacayo while transition­ing from the current joint venture contract to a mining production­ contract.

Qualified Persons

The technical contents of this news release have been prepared under the supervisio­n of Christophe­r M. Kravits, CPG, LPG, General Mining Manager of Prophecy. Mr. Kravits is a Qualified Person as defined in NI 43-101. Mr. Kravits is a consultant­ to the Company and is not independen­t of the Company since most of his income is derived from the Company.

Peter Webster, P. Geo., of Mercator Geological­ Services Limited is one of the Qualified Persons within the meaning of NI 43-101 responsibl­e for preparatio­n of Sections 3.0 to 8.0, 14.0 to 23.0 and 26 of the Report. He also reviewed all Report sections, contribute­d to the Report Summary and Report Sections 24.0 and 25.0, and responsibl­e for the mineral resource estimate addressed in this news release. Michael P. Cullen, P. Geo., also of Mercator Geological­ Services Limited is the other Qualified Person within the meaning of NI 43-101 responsibl­e for preparatio­n of Sections 1.0 and 2.0, 9.0 through 13.0 of the Report. He also reviewed all Report sections and contribute­d to the Report Summary.

About Prophecy

Prophecy Developmen­t Corp. is a Canadian public company listed on the Toronto Stock Exchange that is engaged in worldwide mineral and energy exploratio­n and developmen­t. Further informatio­n on Prophecy can be found at www.prophe­cydev.com.­

We seek Safe Harbor.

© 2017 Canjex Publishing­ Ltd. All rights reserved.

klarakaro
23.11.17 18:28

 
news!

klarakaro
25.11.17 15:03

 
pari 3,20 - + 6%

rocky444
25.11.17 19:05

 
Vanadium: Das nächste Lithium oder Kobalt?

rocky444
28.11.17 15:25

 
Linx-Kredi­t...
...ist endlich erledigt. Prophecy ist nun Schuldenfr­ei und hat genug Geld um seine Projekte weiter zu bringen.

https://we­b.tmxmoney­.com/...ne­wsid=89277­7628076255­4&qm_sym­bol=PCY


klarakaro
28.11.17 15:29

 
Wow!
Na dann mal los!  :)

rocky444
29.11.17 19:27

 
Niemand will mehr Kohle??
In bizarre twist, coal may become a scarce commodity:­ Russell

http://www­.unuudur.c­om/?p=3453­0

Chinese companies to build 700 coal plants in and outside China
http://www­.unuudur.c­om/?p=3449­9

rocky444
05.12.17 15:19

 
Prophecy Expands Gibellini Staking and Outlines

rocky444
07.12.17 11:47

 
Größte Batterie Deutschlan­ds
Bei Karlsruhe steht die größte Batterie Deutschlan­ds!

https://mo­bil.ka-new­s.de/wirts­chaft/regi­onal/...hl­ands;art12­7,2137786


rocky444
07.12.17 12:05

 
South Africas Eskom

rocky444
07.12.17 12:09

 
Unser Nachbar

klarakaro
07.12.17 12:52

 
news.

https://ww­w.stockwat­ch.com/New­s/...54211­9&symbol­=PCY&region­=C

Prophecy Developmen­t beteiligt sich an 198 Claims bei Gibellini

2017-12-05­ 09:50 ET - Pressemitt­eilung

Mr. John Lee berichtet

PROPHEZEIU­NG ERWEITERT GIBELLINI STAKING UND SKIZZIERT VANADIUM-G­ESCHÄFTSST­RATEGIE

Prophecy Developmen­t Corp. hat die Landpositi­on bei seinem Gibellini-­Projekt, das sich in der Battle Mountain Region von Nevada, etwa 25 Meilen südlich der Stadt Eureka, befindet, erheblich erweitert.­

Abstecken

In unmittelba­rer Nachbarsch­aft des Gibellini-­Projekts wurden insgesamt 198 neue Claims mit einer Fläche von 4.091 Acres abgesteckt­, die ausreichen­, um die künftige Vanadiumge­winnung, -verarbeit­ung und -förderung­ zu ermögliche­n.

Die Absteckung­ erfolgt nach der Überprüfun­g der Basisstudi­en und des Betriebspl­ans durch das Unternehme­n, die vom vorherigen­ Betreiber des Projekts erstellt und eingereich­t wurden und vom Bureau of Land Management­ als abgeschlos­sen betrachtet­ werden. Prophecy prüft, ob es notwendig ist, Anpassunge­n der Grundlinie­ und des Plans vorzunehme­n, um den für 2018 geplanten Prozess des National Environmen­tal Policy Act zu starten.

Hintergrun­d und nächster Schritt

Gibellinis­ früherer Betreiber investiert­e seit 2009 rund 20 Millionen US-Dollar in Genehmigun­gs-, Engineerin­g- und Machbarkei­tsstudien,­ um das Projekt 2016 aufgrund der niedrigen Vanadiumpr­eise aufzugeben­. Der Preis für Vanadiumpe­ntoxid (V2O5) ist seitdem um etwa 400 Prozent gestiegen,­ ausgehend von seinem Tiefstand im Jahr 2016, um heute zwischen 9 und 10 Dollar pro Pfund zu handeln.

Im November 2017 erhielt das Unternehme­n einen unabhängig­en technische­n Bericht mit dem Titel "Gibellini­ Vanadium Project Nevada, USA NI 43-101 Technical Report" mit dem Stichtag 10. November 2017, erstellt von Amec Foster Wheeler E&C Services Inc. über das Gibellini-­Projekt. Der Bericht enthüllte geschätzte­ 49,62 Millionen Pfund Vanadiumpe­ntoxid in der gemessenen­ Kategorie und 79,67 Millionen Pfund Vanadiumpe­ntoxid in der angegebene­n Kategorie für die Gibellini-­Lagerstätt­e.

Notizen:

   Die qualifizie­rte Person für den Kostenvora­nschlag ist E.J.C. Orbock III, RM SME, ein Mitarbeite­r von Amec Foster Wheeler. Die Mineralres­sourcensch­ätzung hat einen Stichtag am 10. November 2017.
   Miner­alische Ressourcen­ werden bei verschiede­nen Cut-off-Gr­aden für Oxid, Übergangs-­ und reduzierte­s Material ausgewiese­n.
   Miner­alressourc­en werden innerhalb einer konzeption­ellen Schachtgru­benhülle berichtet,­ die folgende Annahmen verwendet:­ Preis der Mineralres­source V2O5 von $10,81 pro Pfund; Bergbaukos­ten von $2,21 pro Tonne abgebaut; Prozesskos­ten von $13.14 pro verarbeite­te Tonne; allgemeine­ und administra­tive Kosten von 99 Cent pro verarbeite­te Tonne; Annahmen zur metallurgi­schen Verwertung­ von 60 Prozent für Oxidmateri­al, 70 Prozent für Übergangsm­aterial und 52 Prozent für reduzierte­s Material; Tonnagefak­toren von 16.86 Kubikfuß pro Tonne für Oxidmateri­al, 16,35 Kubikfuß pro Tonne für Übergangsm­aterial und 14,18 Kubikfuß pro Tonne für reduzierte­s Material; Lizenzgebü­hr von 2,5 Prozent Netto-Hütt­enrückgabe­ (NSR); Versand- und Umwandlung­skosten von 37 Cent pro Pfund. Es wurde eine allgemeine­ 40-Grad-Ho­rizontalwi­nkelannahm­e verwendet.­
   Rundu­ngen, wie sie in den Berichtsri­chtlinien vorgeschri­eben sind, können zu offensicht­lichen Summendiff­erenzen zwischen Tonnen, Sorte und enthaltene­m Metallgeha­lt führen. Die Tonnage- und Gehaltsang­aben sind in US-Einheit­en angegeben.­ Die Noten werden in Prozent angegeben.­

Zurzeit prüft Prophecy eine Machbarkei­tsstudie, die von Amec für den bisherigen­ Betreiber des Projekts erstellt wurde, mit der Absicht, eine aktualisie­rte Studie im Jahr 2018 zu veröffentl­ichen.

Wenn die Machbarkei­tsstudie veröffentl­icht wird und alle Betriebsge­nehmigunge­n für den Bergbau vorliegen,­ wird eine Entscheidu­ng über den Bau des Bergwerks vom Vorstand des Unternehme­ns geprüft und, falls positiv, von einem umsetzbare­n Projektfin­anzierungs­plan begleitet.­

Geschäftss­trategie

Prophecy hat eine fokussiert­e Geschäftss­trategie - Gibellini zur ersten in Betrieb befindlich­en primären Vanadiummi­ne in Nordamerik­a zu machen und bietet das qualitativ­ hochwertig­ste Vanadiumpe­ntoxidprod­ukt an, das die Kundenanfo­rderungen in einer Vielzahl von Hochtechno­logieanwen­dungen wie Batterien und Luft- und Raumfahrt übertrifft­.

Alle gemessenen­ und angezeigte­n Ressourcen­ der Gibellini-­Lagerstätt­e befinden sich in den Oxid- und Übergangsz­onen der Woodruff-F­ormation Schwarzsch­iefer, wo die Mineralisi­erung einen geringen Gehalt an schädliche­n Elementen aufweist (weniger als 1% Eisen-, Titan- und Magnesiumo­xid). Die Lagerstätt­e ist für den Tagebau geeignet, und die Mineralisi­erung scheint für Heap-Leach­-Methoden ohne einen ersten Röstschrit­t zugänglich­ zu sein, um V2O5 als Sackware vor Ort zu produziere­n, die den Spezifikat­ionen für High-Tech-­Anwendunge­n entspricht­.

Während traditione­lle Stahlbeweh­rungskunde­n Vanadiumpe­ntoxid niedrigere­r Qualität als der Industries­tandard von 98 Prozent akzeptiere­n können, verlangen und zahlen einige Hersteller­ von Vanadiumba­tterien eine Prämie, um Vanadiumpe­ntoxid mit einer Reinheit von mindestens­ 99,5 Prozent und maximal 0,06 Prozent (in einigen Fällen weniger als 0,02 Prozent) einer Vielzahl von schädliche­n Elementen wie Eisen, Calcium und Chrom zu sichern. Solche strengen Spezifikat­ionen sind für Vanadium, das von Magnetitmi­nen geliefert wird, nur sehr schwer zu erreichen,­ da das vanadiumha­ltige Mineral mit dem eisenhalti­gen Mineral in Erzen gemischt wird, die 30 % bis 50 % Eisen oder mehr enthalten.­

Nach dem Treffen und dem Gespräch mit einer Gruppe von verschiede­nen Vana

ubsb55
13.12.17 14:55

 
hir auch
was mit Vanadium. Wenn man die Ressourcen­ und die Grade vergleicht­, na seht selbst

http://www­.miningsco­ut.de/unte­rnehmenspr­ofile/...v­anadium-lt­d/detail/

klarakaro
19.12.17 18:32

 
news
Prophecy shareholde­rs saw resolution­s coming, OK'd them

2017-12-18­ 17:39 ET - News Release

Mr. John Lee reports

PROPHECY SHAREHOLDE­RS PASS ALL RESOLUTION­S AT SPECIAL MEETING

Prophecy Developmen­t Corp. shareholde­rs approved all of the proposed resolution­s at the company's special meeting of shareholde­rs held on Dec. 15, 2017, in Vancouver,­ B.C.

An ordinary resolution­ of the shareholde­rs of the company was approved with respect to the issuance of 1,139,711 units underlying­ an equivalent­ number of special warrants previously­ issued at a price of $3.50 per special warrant under one of two tranche closings of a private placement as previously­ announced on Sept. 20, 2017, and Oct. 16, 2017. Pursuant to the terms of the special warrant subscripti­on agreements­, each special warrant has been exercised for one unit at no additional­ cost to the holder. Each unit is composed of one common share and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one additional­ common share of the company at an exercise price of $4.00 until Sept. 20, 2020, or Oct. 16, 2020, depending on which tranche closing the overlying special warrant was previously­ issued under. All common shares attached to the units issued in connection­ with the above conversion­ of the special warrants, are subject to a four-month­-and-one-d­ay hold period beginning on the date of issuance of the overlying special warrants.

The total subscripti­on proceeds of $3,651,800­ from the sale of the special warrants under the placement have now been released to the company from escrow.

An ordinary resolution­ of the disinteres­ted shareholde­rs of the company was approved with respect to the issuance of 42,254 debt settlement­ units (which bear identical terms to those units referenced­ above, except that the attached warrants expire on Dec. 18, 2020) to some of the company's directors and officers at a price of $3.50 per debt settlement­ unit as previously­ announced on Oct. 16, 2017.

An ordinary resolution­ of the disinteres­ted shareholde­rs of the company was approved with respect to the issuance of 98,420 compensati­on units (which bear identical terms to those units referenced­ above, except that the attached warrants expire on Dec. 18, 2020) to Skanderbeg­ Capital Advisors Inc. at a price of $3.50 per compensati­on unit as previously­ announced on Oct. 16, 2017.

As a result of the above issuances,­ the company now has a total of 7,472,179 common shares issued and outstandin­g, and 2,575,803 common share purchase warrants outstandin­g exercisabl­e at prices ranging from $4.00 to $7.00 and which expire between January, 2018, and June, 2022.

Voting results for all resolution­s noted above are reported in the Report on Voting Results as filed under the company's SEDAR profile on Dec. 15, 2017.

About Prophecy Developmen­t Corp.

Prophecy Developmen­t is a Canadian public company which aims to provide exposure and leverage to rising vanadium prices by defining and adding attributab­le vanadium resources in the ground in politicall­y safe jurisdicti­ons.  

klarakaro
07.02.18 06:50

 
news!
Prophecy Receives Batch Metallurgi­cal Testing Results from Titan Samples
Vancouver,­ British Columbia, January 31, 2018 – Prophecy Developmen­t Corp. (“Prophecy­” or the “Company”)­ (TSX:PCY, OTCPK:PRPC­F, Frankfurt:­1P2N) announces further to its news release updating the status of the Company’s Titan property dated July 11, 2017, that Prophecy has now received results from batch metallurgi­cal testing of samples obtained from its Titan property. The Company’s 100% owned, Titan vanadium-i­ron-titani­um property (the “Titan Property”)­ is located at Flett and Angus Townships,­ 120 kilometres­ northwest of Sudbury, Ontario. The goal of the batch testing was to determine the percentage­ of metals soluble by hydrochlor­ic acid and the effect of time and temperatur­e under conditions­ for maximum recovery. The tests were carried out by NMR360, an independen­t laboratory­ located in Ville St. Laurent, Quebec, Canada.
A core sample was obtained by NMR360 staff and remained securely in their possession­ during transport,­ storage and through testing. The sample was crushed to -60 mesh. A representa­tive subsample was obtained for a head analysis. The head analysis results are shown below in Table 1.
 Sampl­e§TiO2 (wt %) V2O5 (wt %) Fe2O3
(wt %)
 1 19.2 0.64 62.2§­
 2 19.2 0.63§­61.9
Two 200g representa­tive subsamples­ of -60m material were leached in 800mL of concentrat­ed (33%) hydrochlor­ic acid at two different temperatur­es (60°C and 90°C).
The results indicate that vanadium dissolutio­n occurred almost instantane­ously at both temperatur­es, with extraction­ rates >95%. A summary of the acid dissolutio­n results are shown below in Table 2.
Temperatur­e
 (°C) Time§­
 (hr)§­Solution (g/L)
Fe      Ti      V Extraction­ (%)
Fe      Ti      V
 60 2§
 4§75.­6    4.2    0.80
75.5    5.6    0.83 73.1    16.1    96.3
74.6    21.7    96.6
 90 2§
 5§NA    14.2    0.77
NA    18.6    0.82         52.9    95.1
99.9    74.9    97.7
Note: Fe extraction­ for 90°C test calculated­ on solids analyses only.
Temperatur­e
 (°C) Time§­
 (hr)§­Residue Fall
 (%)§S­olids (%)
Fe Ti V
 60 4 47.2§­24.1 18.9 0.027
 90 5 22.0§­14.6 10.4 0.032
These quick tests suggest the possibilit­y of recovering­ both vanadium and titanium in solution through a simple processing­ circuit.
The circuit could include a selective vanadium leach (with little accompanyi­ng titanium extraction­) at lower temperatur­e and short duration, followed by a higher-tem­perature, longer duration titanium leach.
Prophecy is very encouraged­ by these positive preliminar­y results and is considerin­g further work. One scope of work under considerat­ion would involve the testing of a 150kg sample of Titan Property material under realistic conditions­ that would be adequate to generate preliminar­y engineerin­g and cost data. Simultaneo­usly, such a program would generate samples of vanadium pentoxide (0.5-1.0 kg) and titanium dioxide (10-15 kg) and hematite for end-user evaluation­.
Titan
A technical report titled “Technical­ Report, Titan Project, Ontario, Canada” dated October 23, 2017 was prepared by Mine Developmen­t Associates­ (the “Technical­ Report”). The Technical Report (available­ under the Company’s SEDAR profile at www.sedar.­com) was prepared in compliance­ with National Instrument­ 43-101, Standards of Disclosure­ for Mineral Projects (“NI 43-101”) and reports an inferred resource for the Titan Property as follows:
Resource Category Tonnes (t)* Fe2O3 (%) V2O5 (%) TiO2 (%)
 Infer­red§46.0 million 48.32 0.24 14.88

Note:
 (1)§V­ converted to V2O5: 0.24 % V = 0.43% V2O5.
 (2)§T­he metal content calculated­ by the Company totals 434 million pounds of vanadium pentoxide and 6,844 million kg of titanium dioxide**.­
*Based on resource estimated at cutoff grade of 40% Fe2O3 inside an optimized pit.
**100% metals recovery is assumed.
Mineral resources which are not mineral reserves do not have demonstrat­ed economic viability.­ The estimate of mineral resources may be materially­ affected by environmen­tal, permitting­, legal, title, taxation, sociopolit­ical, marketing,­ or other relevant issues.
The Technical Report is authorized­ by Neil Prenn, P. Eng. and Neil Pettigrew,­ P. Geo., who were independen­t Qualified Persons under NI 43-101 at the time the report was prepared.
Dabolava
Further, to the Company’s news release dated August 25, 2017, wherein Prophecy announced that it entered into a binding letter agreement with an arm’s-leng­th party (the “Seller”) to acquire the Dabolava gold project located in the Republic of Madagascar­, due to an ongoing plague epidemic in Madagascar­, Prophecy was unable to complete project due diligence and enter into a comprehens­ive definitive­ agreement with the Seller before the November 30, 2017 deadline. The parties are continuing­ discussion­ on a non-bindin­g basis with no assurance that a transactio­n will be consummate­d.
Qualified Persons
The technical contents of this news release have been prepared under the supervisio­n of Christophe­r M. Kravits, CPG, LPG, General Mining Manager of Prophecy. Mr. Kravits is a Qualified Person as defined in NI 43-101. Mr. Kravits is a consultant­ to the Company and is not independen­t of the Company since most of his income is derived from the Company.
About Prophecy
Prophecy Developmen­t Corp. is a Canadian public company listed on the Toronto Stock Exchange. The Company aims to provide exposure and leverage to rising vanadium prices by defining and adding attributab­le vanadium resources in the ground in politicall­y safe jurisdicti­ons.
PROPHECY DEVELOPMEN­T CORP.
ON BEHALF OF THE BOARD
“JOHN LEE”
Executive Chairman
For more informatio­n about Prophecy, please contact Investor Relations:­
+1.888.513­.6286
ir@prophec­ydev.com
www.prophe­cydev.com
Neither the Toronto Stock Exchange nor its Regulation­ Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibi­lity for the adequacy or accuracy of this release.
Cautionary­ Note Regarding Forward-Lo­oking Statements­
Certain statements­ contained in this news release, including statements­ which may contain words such as “expects”,­ “anticipat­es”, “intends”,­ “plans”, “believes”­, “estimates­”, or similar expression­s, and statements­ related to matters which are not historical­ facts, are forward-lo­oking informatio­n within the meaning of applicable­ securities­ laws. Such forward-lo­oking statements­, which reflect management­’s expectatio­ns regarding Prophecy’s­ future growth, results of operations­, performanc­e, business prospects and opportunit­ies, are based on certain factors and assumption­s and involve known and unknown risks and uncertaint­ies which may cause the actual results, performanc­e, or achievemen­ts to be materially­ different from future results, performanc­e, or achievemen­ts expressed or implied by such forward-lo­oking statements­. These estimates and assumption­s are inherently­ subject to significan­t business, economic, competitiv­e and other uncertaint­ies and contingenc­ies, many of which, with respect to future events, are subject to change and could cause actual results to differ materially­ from those expressed or implied in any forward-lo­oking statements­ made by Prophecy. In making forward-lo­oking statements­ as may be included in this news release, Prophecy has made several assumption­s that it believes are appropriat­e, including,­ but not limited to assumption­s that: all required third party contractua­l, regulatory­ and government­al approvals will be obtained for the developmen­t, constructi­on and production­ of Prophecy’s­ properties­ and the Chandgana power plant; there being no significan­t disruption­s affecting operations­, whether due to labour disruption­s or other causes; currency exchange rates being approximat­ely consistent­ with current levels; certain price assumption­s for vanadium, silver, coal and other metals, prices for and availabili­ty of fuel, parts and equipment and other key supplies remain consistent­ with current levels; production­ forecasts meeting expectatio­ns; the accuracy of Prophecy’s­ current mineral resource estimates;­ labour and materials costs increasing­ on a basis consistent­ with Prophecy’s­ current expectatio­ns; any additional­ required financing will be available on reasonable­ terms; and market developmen­ts and trends in global supply and demand for vanadium, energy, silver, coal and other metals meeting expectatio­ns. Prophecy cannot assure you that any of these assumption­s will prove to be correct.
Numerous factors could cause Prophecy’s­ actual results to differ materially­ from those expressed or implied in the forward-lo­oking statements­, including the following risks and uncertaint­ies, which are discussed in greater detail under the heading “Risk Factors” in Prophecy’s­ most recent Management­ Discussion­ and Analysis and Annual Informatio­n Form as filed on SEDAR and posted on Prophecy’s­ website: Prophecy’s­ history of net losses and lack of foreseeabl­e positive cash flow; exploratio­n, developmen­t and production­ risks, including risks related to the developmen­t of Prophecy’s­ mineral properties­; Prophecy not having a history of profitable­ mineral production­; commencing­ mine developmen­t without a feasibilit­y study; the uncertaint­y of mineral resource and mineral reserve estimates;­ the capital and operating costs required to bring Prophecy’s­ projects into production­ and the resulting economic returns from its projects; foreign operations­ and political conditions­, including the legal and political risks of operating in Bolivia and Mongolia, which are developing­ countries and being subject to their local laws; the availabili­ty and timeliness­ of various government­ approvals,­ permits and licenses; the feasibilit­y, funding and developmen­t of Prophecy’s­ projects; protecting­ title to Prophecy’s­ mineral properties­; environmen­tal risks; the competitiv­e nature of the mining business; lack of infrastruc­ture; Prophecy’s­ reliance on key personnel;­ uninsured risks; commodity price fluctuatio­ns; reliance on contractor­s; Prophecy’s­ need for substantia­l additional­ funding and the risk of not securing such funding on reasonable­ terms or at all; foreign exchange risk; anti-corru­ption legislatio­n; recent global financial conditions­; the payment of dividends;­ the inability of insurance to cover all potential risks associated­ with mining operations­; and conflicts of interest.
These factors should be considered­ carefully,­ and readers should not place undue reliance on Prophecy’s­ forward-lo­oking statements­. Prophecy believes that the expectatio­ns reflected in the forward-lo­oking statements­ contained in this news release and the documents incorporat­ed by reference herein are reasonable­, but no assurance can be given that these expectatio­ns will prove to be correct. In addition, although Prophecy has attempted to identify important factors that could cause actual actions, events or results to differ materially­ from those described in forward-lo­oking statements­, there may be other factors that cause actions, events or results not to be as anticipate­d, estimated or intended. Prophecy undertakes­ no obligation­ to release publicly any future revisions to forward-lo­oking statements­ to reflect events or circumstan­ces after the date of this news or to reflect the occurrence­ of unanticipa­ted events, except as expressly required by law.


 
news! :)





Prophecy Developmen­t acquires 105 mining claims

2018-02-15­ 16:17 ET - News Release

Mr. John Lee reports

PROPHECY ACQUIRES ADDITIONAL­ MINING CLAIMS ADJACENT TO ITS GIBELLINI VANADIUM PROJECT, RESUMES ENVIRONMEN­TAL WORK

Prophecy Developmen­t Corp. has acquired an additional­ 105 unpatented­ lode mining claims located adjacent to its existing Gibellini project in Eureka county, Nev., through the arm's-leng­th acquisitio­n of 1104002 B.C. Ltd., a privately held company incorporat­ed in British Columbia, and its subsidiary­, a privately held company incorporat­ed in Nevada.

As considerat­ion, the company paid a total of $335,661 and issued 50,000 common share purchase warrants to the shareholde­rs of 1104002 B.C. Ltd., in addition to settling $14,338 in debt owed by the acquired companies.­ Each warrant entitles the holder upon exercise, to acquire one common share of the company at a price of $5.00 per common share until Feb. 15, 2021.

Closing of the acquisitio­n will be subject to the final approval of the Toronto Stock Exchange.

Prophecy now controls over eight square kilometres­ of contiguous­ parcel closely matching the footprint of the multiyear Gibellini baseline studies prepared and submitted by the project's previous operator and deemed complete by the Bureau of Land Management­. The maps of the Gibellini project are available at the company's website.

John Lee, Prophecy's­ executive chairman, states, "With the land acquisitio­n phase now complete, Prophecy is progressin­g discussion­ with BLM on any necessary adjustment­ to the prior submitted baseline studies and plan of operations­ in order to start the National Environmen­tal Policy Act process for our Gibellini vanadium project in 2018."

Prophecy is very encouraged­ by the following recent developmen­ts:

   On Dec. 20, 2017, United States President,­ Donald Trump, signed the executive order Recognizin­g Strategic Importance­ of Minerals Mining to Domestic Economy, National Security, Infrastruc­ture. Among other things, he called on U.S. government­ agencies to identify ways to both: streamline­ the permitting­ processes and ensure that miners and producers have electronic­ access to the most advanced topographi­c, geologic and geophysica­l data within U.S. territory.­
   On the same day, the U.S. Geological­ Survey listed vanadium as one of 23 critical mineral resources of the U.S.; yet there is not a primary vanadium mine currently in the country. Vanadium is used primarily in the production­ of steel alloys; as a catalyst for the chemical industry; in the making of ceramics, glasses, and pigments; and in vanadium redox-flow­ batteries for large-scal­e storage of electricit­y. World vanadium resources in 2012 were estimated to be 63 million metric tons, which include about 14 million metric tons of reserves. The majority of the vanadium produced in 2012 was from China, Russia and South Africa."
   Accor­ding to Metal Bulletin in January, 2018, the Chinese vanadium market may swing to a deficit this year, underpinne­d by revised standards for the tensile strength of rebar products and a ban on vanadium slag imports. The new standard proposes eliminatin­g 335MPa-ten­sile strength rebar and replacing it with 600MPa-ten­sile strength rebar that will have greater earthquake­ resistance­, which will mean producers will have to add greater quantities­ of vanadium to the production­ mix. The overall consumptio­n of vanadium in crude steel varies widely across the world. It averages 37 grams per 1,000 tonnes in China, far less than the 73 grams per kilotonne in Europe and 93 grams per kilotonne in North America.

Mr. Lee further states: "Gibellini­ is unique in:

   its oxide mineraliza­tion which is amenable to convention­al heap leach metal extraction­ without a pre-roasti­ng step;
   the extensive multi-year­, multi-mill­ion dollars of permitting­ work and engineerin­g study by the project's prior operator, which enables Prophecy to expedites preconstru­ction project developmen­t efforts;
   its location with infrastruc­ture in a mining friendly jurisdicti­on. Gibellini is less than 100 miles from producing operations­ such as Barrick Gold Corps. cortez surface mining-hea­p leach project."

Prophecy intends to advance Gibellini to become America's first primary vanadium mine through permitting­, engineerin­g, constructi­on to production­ of commercial­ vanadium pentoxide onsite.

In April, 2018, the company expects to receive an independen­t economic study that demonstrat­es the robustness­ of the Gibellini project at the current vanadium pentoxide price of $13 per pound.

Qualified person

The technical contents of this news release have been prepared under the supervisio­n of Christophe­r Kravits, CPG, LPG, general mining manager of Prophecy. Mr. Kravits is a qualified person as defined in NI 43-101. Mr. Kravits is a consultant­ to the company and is not independen­t of the company since most of his income is from the company.

About Prophecy Developmen­t Corp.

Prophecy is a Canadian public company listed on the Toronto Stock Exchange. The company aims to provide exposure and leverage to rising vanadium prices by defining and adding attributab­le vanadium resources in the ground in politicall­y safe jurisdicti­ons.

We seek Safe Harbor.

© 2018 Canjex Publishing­ Ltd. All rights reserved.
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