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CRITICAL RESOURCES LIMITED — Capital/Financing Update 2018
May 22, 2018
64708_rns_2018-05-22_339811a8-7b29-4ffe-840c-12c8e37b9755.pdf
Capital/Financing Update
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23 May 2018
ASX Announcements Office 152–158 St Georges Terrace Perth WA 6000 Australia
KANUKA LITHIUM PRODUCTION PROJECT UPDATE
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Mapping and sampling work completed over the past month has identified a number of major new pegmatites lying parallel to the Main Pegmatite body.
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Phase 1 drilling program to incorporate an additional 20-holes to test one of the three parallel pegmatite bodies that has been identified and mapped over 2km in length, and is located north of previously reported high grade lithium samples of up to 1.93% Li20.
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Plan finalised for Phase 1 drilling program with auger drilling program presently in operation and AC/RC drilling to commence in early-mid June.
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Drilling to predominantly target the strike continuity of the Main Pegmatite exposed and mapped in the current main mining area at Kanuka, with additional drilling to target the newly identified parallel pegmatite exposures and their strike extensions.
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Phase 1 drilling program to comprise 5 drill fences for a combined 50-hole (3,000m) AC/RC program drilling, plus 2 drill fences for a combined 20-hole auger program, plus a 1,000m diamond drilling program to follow.
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37-holes are planned for the main exposed pegmatite, with 16-holes to be drilled across the approx. 400m mapped width extent in the NE and 14-holes across the approx. 200m mapped width extent in the SW area of current main mining area and a further 7-holes in SE exposed area (thought to be part the Main Pegmatite body).
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20 auger holes and 13 AC/RC holes are now planned for one of three parallel pegmatite exposures, the West Pegmatite, that has been identified and is located approx. 2km NW of the main mining area and extends +2km long and +200m wide and remains open
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All site works have been completed for the Phase 1 drilling program, including establishment of exploration camp, drill pad preparation and mobilisation to site of all light equipment, spares and drilling consumables.
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The Phase 1 drilling program at the Kanuka Lithium Production Project is part of the Company’s proposed 20,000m AC/RC and diamond drilling program which will also include drilling at the Kitotolo Lithium Project and which will continue over the course of 2018 with assay results to be released on an ongoing basis in parallel with results and findings of the Company’s other exploration activities.
Force Commodities Ltd ( Force or the Company ) (ASX Code: 4CE ) is pleased to provide an update on the Company’s current Phase 1 auger, AC/RC and diamond drilling program that is underway at the Kanuka Lithium Production Project, located in in Tanganyika Province in the south east of the Democratic Republic of Congo ( DRC ).
Force Commodities Ltd | Ground Floor, 20 Kings Park Road, West Perth, WA, 6005 | PO Box 1024 West Leederville WA 6007 Ph: +61 8 6462 1421 | F: +61 8 6323 0418 | web:forcecommodities.com.au | ABN 12 145 184 667 | ASX:4CE
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The Company executed a Joint Venture Agreement on the Kanuka Lithium Production Project and a drilling contract with Equity Drilling Limited ( Equity Drilling ) (refer ASX Announcements dated 27 and 28 March 2018) in late March 2018, for its Phase 1 drilling program.
The Kanuka Lithium Project Joint Venture (Force 51%, MMR 49%) includes granted Mining License PE13082 and Exploration License PR4100 and extends over an area of 194km[2] .
The Kanuka Lithium Project Joint Venture is located 5km immediately south of AVZ Mineral’s ‘worldclass’ Manono-Kitotolo Lithium Project licenses and 20km east of the Company’s Kitotolo Lithium Project.
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Figure 1. Drill Plan for the Phase 1, 70-hole, auger and AC-RC drilling program focused on the pegmatites exposed in the current main mining area and on newly identified parallel pegmatites at the Kanuka Lithium Production Project
The Company has finalised its Phase 1 drill plan following completion by the Company of detailed mapping and geochemistry work in and around the current main mining pit of the tin-tantalum alluvial mining operations of the Company’s joint venture partner Mining Mineral Resources SPRL ( MMR ).
This detailed mapping and sampling work has identified a number of major new pegmatites lying parallel to the Main Pegmatite body, with the West Pegmatite located approx. 2km to the NW of the current mining activities extending for approx. 2km in length and over 200m wide and open and which is located north of previously reported high grade sample results of up to 1.93% Li20.
As a result, the Company has increased the scope of the Phase 1 drilling program to also test one of the three immediate parallel pegmatite bodies that has been identified.
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A minimum 20-hole auger drilling program has already commenced at site, refer pictures below.
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Figures 2 and 3. Drill hole location and preparation and c learing and drill pad preparation at the Kanuka Lithium Production Project
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Figures 5 and 6. Power auger drilling testing bedrock geology under cover and in areas of artisanal mining activity
The auger drilling program is focused on one of the parallel pegmatite bodies and is designed to follow up on previously reported high grade assay results from the Kanuka Lithium Production Project due diligence work completed (refer ASX Announcement dated 6 December 2017). The auger drilling will assist in defining the near surface mineralised pegmatitic hosts so as to best target the Aircore-RC drilling.
The on-site availability of the power auger drilling equipment, has also allowed the Company to move quickly to commence this program and test these major new parallel pegmatites.
The availability of MMR’s on site equipment has also allowed the Company to quickly complete the establishment of the exploration camp and all drill pad clearing and preparation works ahead of the AC/RC drilling.
The Phase 1 drilling program will comprise seven drill fences, with five drill fences for a combined 50-hole, 3,000m AC/RC program drilling, and two drill fences for a combined initial 20-hole auger
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program. All drill hole details and locations may change depending on initial downhole geology interpretations and intersections.
Following completion of the Phase 1 drilling program, a 1,000m diamond drilling program is also planned.
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Figure 6. Drill plan for NE portion of Main Pegmatite with Fence 1 comprising 16 holes drilled across the approx. 400m width extent
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Figure 7. Drill plan for SW portion of the Main Pegmatite with Fences 2 and 3 comprising 14 holes to be drilled
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Four of five drill fences, comprising 37 holes, are planned to be drilled in the Main Pegmatite that has been exposed from MMR’s tin-tantalum alluvial mining operations in the main mining pit.
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Figure 8 . Drill plan for SE portion of the Main Pegmatite with Fence 5 comprising 7 holes to be drilled
This Main Pegmatite body has been mapped in excess of 3kms in length and in areas has been mapped to be greater than 400 metres in width and remains open along strike on the regional NESW trend.
At the Main Pegmatite, four drill fences are proposed.
Fence 1: 16 AC/RC holes across the approx. 400m mapped width extent in the NE area
Fences 2 and 3: 14 AC/RC holes across the approx. 200m mapped width extent in the SW area
Fence 5: 7 AC/RC holes to be drilled across an exposed pegmatite SE of the main mining area (but thought to be part of the Main Pegmatite body).
Details of the planned drill program in the NE area of the Main Pegmatite is summarised below.
| Details of the planned drill program in the NE area of the Main Pegmatite is summarised below. | Details of the planned drill program in the NE area of the Main Pegmatite is summarised below. | Details of the planned drill program in the NE area of the Main Pegmatite is summarised below. | Details of the planned drill program in the NE area of the Main Pegmatite is summarised below. | Details of the planned drill program in the NE area of the Main Pegmatite is summarised below. | Details of the planned drill program in the NE area of the Main Pegmatite is summarised below. | Details of the planned drill program in the NE area of the Main Pegmatite is summarised below. | Details of the planned drill program in the NE area of the Main Pegmatite is summarised below. | Details of the planned drill program in the NE area of the Main Pegmatite is summarised below. |
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| KANUKA LITHIUM PRODUCTION PROJECT – INITIAL DRILL PROGRAM – MAIN | PEGMATITE NE | |||||||
| Hole ID | Easting | Northing | RL | Azi | Dip | Depth | Fence ID | **Type ** |
| KLJV001 | 544780 | 9166821 | 631 | 125 | 60 | 60 | 1 | AC/RC |
| KLJV002 | 544739 | 9166850 | 631 | 125 | 60 | 60 | 1 | AC/RC |
| KLJV003 | 544698 | 9166878 | 631 | 125 | 60 | 60 | 1 | AC/RC |
| KLJV004 | 544657 | 9166907 | 631 | 125 | 60 | 60 | 1 | AC/RC |
| KLJV005 | 544616 | 9166935 | 631 | 125 | 60 | 60 | 1 | AC/RC |
| KLJV006 | 544575 | 9166964 | 631 | 125 | 60 | 60 | 1 | AC/RC |
| KLJV007 | 544534 | 9166992 | 631 | 125 | 60 | 60 | 1 | AC/RC |
| KLJV008 | 544493 | 9167021 | 631 | 125 | 60 | 60 | 1 | AC/RC |
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| KANUKA | LITHIUM PRODUCTION | PROJECT – INITIAL DRILL PROGRAM | – MAIN PEGMATITE NE(contd) | |||||
| Hole ID | Easting | Northing | RL | Azi | Dip | Depth | Fence ID | **Type ** |
| KLJV009 | 544452 | 9167049 | 631 | 125 | 60 | 60 | 1 | AC/RC |
| KLJV010 | 544411 | 9167078 | 631 | 125 | 60 | 60 | 1 | AC/RC |
| KLJV011 | 544370 | 9167106 | 631 | 125 | 60 | 60 | 1 | AC/RC |
| KLJV012 | 544328 | 9167135 | 631 | 125 | 60 | 60 | 1 | AC/RC |
| KLJV013 | 544287 | 9167163 | 631 | 125 | 60 | 60 | 1 | AC/RC |
| KLJV014 | 544246 | 9167192 | 631 | 125 | 60 | 60 | 1 | AC/RC |
| KLJV015 | 544205 | 9167220 | 631 | 125 | 60 | 60 | 1 | AC/RC |
| KLJV016 | 544161 | 9167251 | 631 | 125 | 60 | 60 | 1 | AC/RC |
Table 1. Drill plan details for NE portion of the main exposed pegmatite at the Kanuka Lithium Production Project. (WGS84_UTM35S)
Details of the planned drill program in the SW area of the Main Pegmatite are summarised below.
| Details of the planned drill program in the SW area of the Main Pegmatite are summarised below. | Details of the planned drill program in the SW area of the Main Pegmatite are summarised below. | Details of the planned drill program in the SW area of the Main Pegmatite are summarised below. | Details of the planned drill program in the SW area of the Main Pegmatite are summarised below. | Details of the planned drill program in the SW area of the Main Pegmatite are summarised below. | Details of the planned drill program in the SW area of the Main Pegmatite are summarised below. | Details of the planned drill program in the SW area of the Main Pegmatite are summarised below. | Details of the planned drill program in the SW area of the Main Pegmatite are summarised below. | Details of the planned drill program in the SW area of the Main Pegmatite are summarised below. |
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| KANUKA LITHIUM PRODUCTION PROJECT – INITIAL DRILL PROGRAM – MAIN | PEGMATITE SW | |||||||
| Hole ID | Easting | Northing | RL | Azi | Dip | Depth | Fence ID | **Type ** |
| KLJV017 | 543721 | 9166259 | 631 | 130 | 60 | 60 | 2 | AC/RC |
| KLJV018 | 543757 | 9166224 | 631 | 130 | 60 | 60 | 2 | AC/RC |
| KLJV019 | 543793 | 9166190 | 631 | 130 | 60 | 60 | 2 | AC/RC |
| KLJV020 | 543829 | 9166155 | 631 | 130 | 60 | 60 | 2 | AC/RC |
| KLJV021 | 543865 | 9166120 | 631 | 130 | 60 | 60 | 2 | AC/RC |
| KLJV022 | 543901 | 9166086 | 631 | 130 | 60 | 60 | 2 | AC/RC |
| KLJV023 | 543903 | 9166084 | 631 | 130 | 60 | 60 | 2 | AC/RC |
| KLJV024 | 543481 | 9166062 | 631 | 130 | 60 | 60 | 3 | AC/RC |
| KLJV025 | 543514 | 9166024 | 631 | 130 | 60 | 60 | 3 | AC/RC |
| KLJV026 | 543547 | 9165986 | 631 | 130 | 60 | 60 | 3 | AC/RC |
| KLJV027 | 543579 | 9165948 | 631 | 130 | 60 | 60 | 3 | AC/RC |
| KLJV028 | 543612 | 9165910 | 631 | 130 | 60 | 60 | 3 | AC/RC |
| KLJV029 | 543644 | 9165872 | 631 | 130 | 60 | 60 | 3 | AC/RC |
| KLJV030 | 543644 | 9165872 | 631 | 130 | 60 | 60 | 3 | AC/RC |
Table 2. Drill plan details for SW portion of the Main Pegmatite at the Kanuka Lithium Production Project.
Details of the planned drill program in the SE area of the Main Pegmatite are summarised below.
| Details of the planned drill program in the SE area of the Main Pegmatite are summarised below. | Details of the planned drill program in the SE area of the Main Pegmatite are summarised below. | Details of the planned drill program in the SE area of the Main Pegmatite are summarised below. | Details of the planned drill program in the SE area of the Main Pegmatite are summarised below. | Details of the planned drill program in the SE area of the Main Pegmatite are summarised below. | Details of the planned drill program in the SE area of the Main Pegmatite are summarised below. | Details of the planned drill program in the SE area of the Main Pegmatite are summarised below. | Details of the planned drill program in the SE area of the Main Pegmatite are summarised below. | Details of the planned drill program in the SE area of the Main Pegmatite are summarised below. |
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| KANUKA LITHIUM PRODUCTION PROJECT – INITIAL DRILL PROGRAM – MAIN PEGMATITE SE | ||||||||
| Hole ID | Easting | Northing | RL | Azi | Dip | Depth | Fence ID | **Type ** |
| KLJV044 | 543856 | 9165407 | 631 | 131 | 60 | 60 | 5 | AC/RC |
| KLJV045 | 543893 | 9165373 | 631 | 131 | 60 | 60 | 5 | AC/RC |
| KLJV046 | 543930 | 9165340 | 631 | 131 | 60 | 60 | 5 | AC/RC |
| KLJV047 | 543975 | 9165301 | 631 | 131 | 60 | 60 | 5 | AC/RC |
| KLJV048 | 544013 | 9165268 | 631 | 131 | 60 | 60 | 5 | AC/RC |
| KLJV049 | 544051 | 9165235 | 631 | 131 | 60 | 60 | 5 | AC/RC |
| KLJV050 | 544089 | 9165203 | 631 | 131 | 60 | 60 | 5 | AC/RC |
Table 3. Drill plan details for SE portion of the Main Pegmatite at the Kanuka Lithium Production Project.
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The mapping and sampling work completed by the Company over the past month has identified a number of major new pegmatites lying parallel to the Main Pegmatite body, suggesting that the area is host to a series of parallel and NE-SW trending pegmatite bodies.
The scope of the Phase 1 drilling program has been extended to test the West Pegmatite, which is one of the three immediate parallel pegmatite bodies.
The West Pegmatite is located approx. 2km NW of the Main Pegmatite and extends +2km long and up to 200m wide and remains open. The Phase 1 drilling program will include one drill fence of 13 AC/RC and two drill fences of 20 auger holes.
At the West Pegmatite, 3 drill fences are proposed.
Fence 4: 13 AC/RC holes to be drilled test strike continuity south of the West Pegmatite
Fence 6 and 7: A minimum 20 auger holes to be drilled across the up to 200m mapped width extent in the northern area and southern areas of the West Pegmatite
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Figure 9. Drill plan for the West Pegmatite with Fences 4, 6 and 7 comprising 13 AC/RC holes to test strike continuity south near previously reported high grade lithium assays and 20 auger holes testing the West Pegmatite
The West Pegmatite area is actively being mined by numerous artisanal miners who are focused on the shallow alluvials, containing tin and tantalum mineralisation. Previous due diligence by the Company to the south of this area returned lithium values of 0.45%, 1.62%, 1.86% and 1.93% Li2O (refer ASX Announcement dated 6 December 2017).
The planned AC/RC drilling to be completed at Fence 4 is designed to test fresh pegmatite geochemistry at depth and evaluate the inferred mineralised trend between existing high grade
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lithium mineralisation returned from the Company’s previous due diligence and the existing and extensive artisanal mining areas around the West Pegmatite.
Details of the planned drill program in the West Pegmatite are summarised below.
| Details of the planned drill program in the West Pegmatite are summarised below. | Details of the planned drill program in the West Pegmatite are summarised below. | Details of the planned drill program in the West Pegmatite are summarised below. | Details of the planned drill program in the West Pegmatite are summarised below. | Details of the planned drill program in the West Pegmatite are summarised below. | Details of the planned drill program in the West Pegmatite are summarised below. | Details of the planned drill program in the West Pegmatite are summarised below. | Details of the planned drill program in the West Pegmatite are summarised below. | Details of the planned drill program in the West Pegmatite are summarised below. |
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| KANUKA LITHIUM PRODUCTION PROJECT – INITIAL | DRILL PROGRAM – WEST PEGMATITE | |||||||
| Hole ID | Easting | Northing | RL | Azi | Dip | Depth | Fence ID | **Type ** |
| KLJV031 | 541059 | 9166076 | 631 | 87 | 60 | 60 | 4 | AC/RC |
| KLJV032 | 541109 | 9166079 | 631 | 87 | 60 | 60 | 4 | AC/RC |
| KLJV033 | 541159 | 9166081 | 631 | 87 | 60 | 60 | 4 | AC/RC |
| KLJV034 | 541209 | 9166084 | 631 | 87 | 60 | 60 | 4 | AC/RC |
| KLJV035 | 541250 | 9166087 | 631 | 87 | 60 | 60 | 4 | AC/RC |
| KLJV036 | 541309 | 9166092 | 631 | 87 | 60 | 60 | 4 | AC/RC |
| KLJV037 | 541359 | 9166095 | 631 | 87 | 60 | 60 | 4 | AC/RC |
| KLJV038 | 541409 | 9166097 | 631 | 87 | 60 | 60 | 4 | AC/RC |
| KLJV039 | 541459 | 9166100 | 631 | 87 | 60 | 60 | 4 | AC/RC |
| KLJV040 | 541508 | 9166102 | 631 | 87 | 60 | 60 | 4 | AC/RC |
| KLJV041 | 542558 | 9166104 | 631 | 87 | 60 | 60 | 4 | AC/RC |
| KLJV042 | 541608 | 9166105 | 631 | 87 | 60 | 60 | 4 | AC/RC |
| KLJV043 | 541658 | 9166108 | 631 | 87 | 60 | 60 | 4 | AC/RC |
| KLJVA001 | 541564 | 9167907 | 631 | 300 | 90 | 60 | 6 | Auger |
| KLJVA002 | 541609 | 9167885 | 631 | 300 | 90 | 60 | 6 | Auger |
| KLJVA003 | 541654 | 9167863 | 631 | 300 | 90 | 4 | 6 | Auger |
| KLJVA004 | 541699 | 9167842 | 631 | 300 | 90 | 4 | 6 | Auger |
| KLJVA005 | 541744 | 9167820 | 631 | 300 | 90 | 4 | 6 | Auger |
| KLJVA006 | 541789 | 9167799 | 631 | 300 | 90 | 4 | 6 | Auger |
| KLJVA007 | 541834 | 9167777 | 631 | 300 | 90 | 4 | 6 | Auger |
| KLJVA008 | 541879 | 9167756 | 631 | 300 | 90 | 4 | 6 | Auger |
| KLJVA009 | 541924 | 9167734 | 631 | 300 | 90 | 4 | 6 | Auger |
| KLJVA010 | 541970 | 9167713 | 631 | 300 | 90 | 4 | 6 | Auger |
| KLJVA011 | 542014 | 9167692 | 631 | 300 | 90 | 4 | 7 | Auger |
| KLJVA012 | 541444 | 9167183 | 631 | 300 | 90 | 4 | 7 | Auger |
| KLJVA013 | 541490 | 9167163 | 631 | 300 | 90 | 4 | 7 | Auger |
| KLJVA014 | 541536 | 9167144 | 631 | 300 | 90 | 4 | 7 | Auger |
| KLJVA015 | 541582 | 9167124 | 631 | 300 | 90 | 4 | 7 | Auger |
| KLJVA016 | 541628 | 9167105 | 631 | 300 | 90 | 4 | 7 | Auger |
| KLJVA017 | 541674 | 9167086 | 631 | 300 | 90 | 4 | 7 | Auger |
| KLJVA018 | 541720 | 9167066 | 631 | 300 | 90 | 4 | 7 | Auger |
| KLJVA019 | 541766 | 9167047 | 631 | 300 | 90 | 4 | 7 | Auger |
| KLJVA020 | 541811 | 9167029 | 631 | 300 | 90 | 4 | 7 | Auger |
Table 4 Drill Plan details for West Pegmatite AC/RC 13-hole program and 20-hole auger program
The Company has now completed all site works for the Phase 1 drilling program, assisted greatly by the existing infrastructure at MMR’s Kanuka Mine. The new exploration camp has been fully
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established and will be the base from which the regional activities across the 194km[2] of granted Mining and Exploration License will now be conducted.
In addition to the establishment of the exploration camp, the Company has also completed all predrilling activities and preparation work necessary to enable the Phase 1 auger and AC/RC drilling program to proceed in an efficient manner.
Following execution of the drilling contract with Equity Drilling in late March 2018, Equity Drilling immediately commenced planning and mobilisation of drill equipment and associated items for the Company’s approximate 20,000m, 9-month drilling program to be conducted at both the Kanuka Lithium Production Project and Kitotolo Lithium Project.
This work has continued over the past 6 weeks with the light vehicles, generators, tooling, minor equipment, spares and drilling consumables having arrived on site. This work has had to take into consideration an extended wet season which has impacted the road network, which has delayed the departure of the Equity Drilling AC-RC drill rig from Lubumbashi. Final rig inspection is being completed and it is to depart Lubumbashi in the next few days and commence drilling in early-mid June. The Company’s executive management have been overseeing and providing assistance with this work in Lubumbashi and Manono.
Payment for mobilisation has also been made in full to the drilling contractor.
Following completion of the Phase 1 AC-RC drilling program at the Kanuka Lithium Production Project, the Company will then proceed with a planned 1,000m diamond drilling program, whilst the AC-RC rig is relocated to the Kitotolo Lithium Project to complete a further 15,000m of AC-RC drilling.
The Company is of the view that Equity Drilling is best placed to complete all the Company’s drilling programs at both the Kanuka Lithium Production and Kitotolo Lithium Projects given that they are already established in the Manono region, with four diamond drill rigs completing drilling on AVZ Mineral’s (ASX: AVZ) Manono Lithium Project.
In addition to the Phase 1 drilling program, the Company’s exploration team is continuing to complete further detailed mapping and geochemical sampling at the Kanuka Lithium Production Project and Kitotolo Lithium Project, which will be incorporated into the Company’s drilling plans.
The Company is also pleased to confirm that it is progressing its legal and technical due diligence on the additional DRC Lithium Projects (refer ASX Announcements dated 16 and 23 April) and will provide an update on this progress shortly.
END
Contact: Michael Fry
Company Secretary Force Commodities Limited Tel: +61 (0) 8 6462 1421
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Competent Person Statement
The information in this release that relates to sampling techniques and data, exploration results, geological interpretation and Exploration Targets, Mineral Resources or Ore Reserves has been compiled by Mr James Sullivan is a member of the Australian Institute of Geoscientists. Mr Sullivan is engaged by Force Commodities as a consultant geologist.
Mr Sullivan has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Sullivan consents to the inclusion in this report of the matters based on information in the form and context in which it appears.
Forward looking statements
Information included in this release constitutes forward-looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs.
Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.
Forward looking statements are based on the Company and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company’s business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the Company’s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company’s control.
Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.
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