Puntland oo soo bandhigtay xogta heshiis shidaal oo Galmudug iyo dalwada federaalku la galeen shirkada Link Natural Resources
Garoowe July 30,2015(SDN/QJ)-Hay’adda Macdanta iyo Shidaalka Dawladda Puntland waxaa ay heshay, haatan gacanteed ku jira, kuna lifaaqan war saxaafadeedka, heshiiska dhexmaray shirkada Link Natural Resources FZC iyo maamulka Galmudug. Heshiiskaas oo Dawaladda Federalka Somalia ay taageero buuxda siisay, wuxuu ka soo horjeeda shuruucda asaasiga ah, Dastuurka ku meel gaarka ee Jamhuriyada Federalka Somaliyeed iyo Dawladnimadda Puntland.
Taageraddan qaawan ee Dawaladda Federalka Somaliyeed iyo Wasaaradda Macadanta iyo Shidaalka ee Muqdisho u fidisay heshiiskan, halkan ku lifaaqan, waxaa ay markhaanti ka tahay, hagardaamda iyo laba wejiileynta Dawaladda Federalka Somaliyeed. Dawaladda Federalka Somaliyeed waxaa ay si aan qarsoonayn uga hortimaadaa mashaariicda barista shidaalka iyo macadanta ee Dawladda Puntland waddo. Laakiin waxaa dawaladdu si sharcidaro ah heshiis aan waafaqsanayn Dastuurka ku meelgaarka ah ee Jamhuriyada Federalka Somaliya, la gashay shirkada Som Oil and Gas. Haddana waxaa ay si qaawan u taageersan tahay heshiiskan meel kadhaca ku ah xuduudaha Puntland.
Hay’adda Macadanta iyo Shidaalka waxaa ay si toos ah u wargelisey shirkada Link Natural Resources FZC. Waxaan u sheegay in ay si sharcidaro ah ku haysato dhul ka mid ah Dawladda Puntland, dhulkaas oo ay bixisay Galmudug iyo Dawladda Federalka Somaliyeed oo taageersan in xuduuda Maamulka Galmudug yahay xadka u dhexeeya Gobolka Nugaal iyo Mudug, sida ku cad heshiiska halkan ku lifaaqan.
Hay’adda Macdanta iyo Shidaalku sinama ugama soo hor jeedo barista iyo soo saarista khayraadka saliida ceeriin, gaska iyo macadanta maamulka Gulmudug. Sida oo kale, Dawaladda Puntland waa ay soo dhoweyneysaa shirkadaha raba in ay waddanka soo galaan oo maal gashi ku sameeyaan si looga faa’iidaysto khayraadka waddanka. Laakiin waxaan ka soo hor jeedna heshiisyada sharcidarad ah iyo xulafaysiga qaawan ee Dawaladda Federalku dabada ka riixeyso.
Dawladda Puntland waxaa ka go’an in ay sii waddo mashaaricda barista shidalka iyo macadanta oo dan u ah Somaliya iyo shacabkeena. Sida oo kale, Dawladda Puntland waxaa ay cadayneysaa in ayan cidna marti uga ahayn horumarinta dhulka Somaliyeed, gaar ahaan Puntland iyada oon cidna u gudbineynin xuquuqdeed iyo awoodeheeda sharci ee ku qoran Dastuurka ku meelgaarka ah Jumhuriyada Federalka Somaliyeed iyo Dastuurka Dawladda Puntland.
Ciise Maxamud Faarax
Agaasimaha Guud
Hay’adda Macadanta iyo Shidaalka
Dawladda Puntland
Bosaso, Puntland Somalia
1
LINK NATURAL RESOURCES | Background |
§§ Agreement contemplates both Mineral and O&G opportunities throughout Galmudug State
§§ Low grade w/ very high tonnage surficial Uranium mineralization discovered in Galguduud region in late 60’s (East NE from Mogadishu)
§§ Through to early 1980’s extensive exploration advanced the project thru to feasibility on proven possible reserves up to 16,000 tons U₃O₈ over six primary occurrences (valued today at 1.3 billion USD based on current +/- US $40/lb commodity price for U₃O₈ )
Note this above resource was derived from an area comprising no more than 15% of the known occurrence, therefore supporting a potential NPV of 8+ billion USD or even higher should the commodity return to $75/lb levels;
Political unrest killed any possibility of further development until recent improvements and cooperation amongst local clans;
§§ Q3-14: LINK Natural Resources obtains LOI with Galmudug’s Presidential Office contemplating exclusive rights to all Mineral & Oil & Gas development rights (see copy below).
§§ Q2-15: LINK completes Mineral & Oil and Gas Agreement with Galmudug’s Presidential Office and now seeks financing to aggressively resume advancing the project thru to some form of initial commercial production or bulk sample in support of a farm-in or acquisition by a targeted Major (eg: CAMECO – Canadian and world’s largest western world supplier
is a likely potential outcome).
LINK NATURAL RESOURCES | LocaZon Map |
§§ 2006: Galguduud & Mudug clan areas combine to form “Galmudug” State as an autonomous state within the Republic of Somalia
NOTE:
LINK NATURAL RESOURCES | Area Map |
Area of interest outlined in Red Earlier work carried out by numerous parties from the 1960’s through to 1980’s advance the project to feasibility and $300 million USD commitment by Brazilian group to cover CAPEX of milling facilities and infrastructure
NOTE:
Area of interest outlined in Red
LINK NATURAL RESOURCES | Proposed 12 Month Scope /Budget |
§§ First site visit contemplating grid type ground based geophysics and scintlometer unit (completion by week 4 for +/- $100,000 USD)
§§ Abbreviated (first phase) advanced high resolution airborne gravity gradiometry, EM and Spectrometry
-Design, plan, fly & interpret w/ completion by week 16 – $1.5 to $3.0 million depending on 2nd phase)
§§ Follow Up w/ extensive grid type drill testing to 10 meter depth, eg: 50 to 100 meter spacing for modern resource categories of “Measured & Indicated” & “Inferred” resources w/ completion by week 36 (est. 4 to 6.0 million USD)
§§ Ancillary work (eg: baseline environmental, interpretations & reporting,
Management, CSR, Security, Logistics, Travel, & Corporate
(est. 2.0 million USD)
§§ Other consulting fees (est. 1.0 million USD)
§§ Total First Year Budget at: 12 million USD
LINK NATURAL RESOURCES | RaZonale & Approach |
It is Management’s contention the above scope over the next 12 months will sufficiently support a comprehensive and independent PEA (Preliminary Economic Assessment) as well as advance and or de-risk the asset for either one of the following scenarios:
a) A decision to advance a first phase of bulk sampling (eg: up to 100,000 tonnes, subject to a signed off take agreement, or production development (eg: for a low mining rate of up to 2,000 MPTD, also subject to a signed off take agreement)
b) A next phase to commission an independent third party “bankable” feasibility study in support of financing & commencing full scale operations at maximized production operations (eg: 25,000+ MTPD) c)Begin a targeted approach to securing a development partnership with any number of potential customers or SOE’s that has the potential to preserve the Company’s share capitalization and maximized share appreciation for the shareholders.
LINK NATURAL RESOURCES | RaZonale & Approach |
Additionally / also noteworthy…
The airborne survey’s extreme high resolution gravity gradiometry will also serve as an excellent tool for O&G exploration to target follow up seismic acquisition.
Further airborne carried out within the indicated area of interest or concession area will most certainly enhance the value of the asset for multiple potential minerals and or securing potential farm-in interest.
Potential for Thorium is also present. High concentrations of Thorium have been observed elsewhere in the region.
LINK NATURAL
RESOURCES Management – Seasoned ExperZse
Dubai:
§§ Sam Mckay, President & CEO, Founder (Dubai) §§ Nick Jeromes, VP Corporate Development (Dubai) Vancouver:
§§ Robert Findlay, COO
§§ Roger Macdonald, Geologist & Project Manager
§§ Jim Mcrea, Resource Geologist
§§ Jody Timmis, GIS / Geophysics / Project Data Management Advisory Board:
Dr. Abdullahi Ahmed Addou (Virginia)
Hanad Abdullahi Ahmed Addou (Dubai)
Process patent chp w/ccr+gtl engagement with IP lawyer Pending
LINK NATURAL RESOURCES | Highlights |
§§ Very strong exploration upside potential…up to +5 billion USD on Uranium alone!
§§ Surficial nature of the Uranium mineralization will be very amenable to lowest possible mining costs (see attached photo of
a ‘Surface Miner’….while also allowing for conventional processing to yellowcake ( U₃O₈ )
§§ Excellent relationships at highest levels (Presidential Office), recent election result will favour projects current path
§§ Seasoned Management team capable of executing on objectives
§§ Excellent potential for long term benefits to local communities (eg: see also www.changeheroes.ca ) as well as the State as a whole
(enhanced infrastructure, employement and CSR throughout Galmudug)
LINK NATURAL RESOURCES | Surface Miners |
LINK NATURAL RESOURCES | LOI |
LINK NATURAL RESOURCES | Agreement |
LINK NATURAL RESOURCES | Agreement |
LINK NATURAL RESOURCES | Agreement |