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InvestmentPitch Media Video Discusses A.I.S Resources' Delivery of 6 Containers Containing 150 Tonnes High-Grade Manganese Ore to Dockside for Export from Peru - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - July 24, 2019) - A.I.S. Resources Limited (TSXV...
About this update from Ais Resources Ltd
[{"type":"text","content":"InvestmentPitch Media Video Discusses A.I.S Resources' Delivery of 6 Containers Containing 150 Tonnes High-Grade Manganese Ore to Dockside for Export from Peru - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - July 24, 2019) - A.I.S. Resources Limited (TSXV: AIS) (OTCQB: AISSF) reports that its initial trial shipment of 150 tonnes of manganese ore has arrived at Lima, Peru and has been loaded into 6 containers.A.I.S. has a signed an Offtake Letter of Intent with a division of China Minmetals for up to 40,000 tonnes of manganese ore per month and is negotiating sales agreements with several other purchasers for its high-grade fines manganese product.For more information, please view the InvestmentPitch Media \"video\" which provides additional information about this news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"A.I.S. Resources\" in the search box. Cannot view this video? Visit:http://www.investmentpitch.com/video/0_nbdzkg95/AIS-delivers-150-tonnes-high-grade-manganese-ore-in-6-containers-to-dockside-for-export-to-ChinaThe first 6 containers, containing 150 tonnes, will be shipped during the week of July 28th, to be followed by another 350 tonnes which have been bagged at the mine site in preparation for shipping.The company has signed a supply contract with a local miner to purchase 2,000 tonnes of manganese ore with samples averaging 45% manganese oxide, as independently tested by Centamin, an internationally respected laboratory. Centamin's analysis of the first 150 tonnes showed an average assay of 49.4% manganese, 0.95% iron, 2.4% silicon dioxide, which exceeded specifications.A.I.S. will initially ship 6 containers per week for the first three weeks, totalling 18 containers, consisting of 450 tonnes, which will be followed with 40 containers totaling 1,000 tonnes every 2 weeks from the San Jorge mine. Manganese ore recently sold in the range of US$233 to US$250 per tonne for 44% manganese content, which is calculated at US$5.30 to US$5.70 per percentage point of manganese. The company's Peruvian geologist and the General Manager are currently visiting three other mines in the Cajamarca area with the objective of adding lump manganese to the A.I.S. product line.Under the terms of the purchase, A.I.S. will pay 50% when trucking commence...