A.I.S. Resources Completes Peru Manganese Trade, Zambian Ores Assay 53% Mn
Since 1967
TSX-V: AIS A.I.S. Resources Limited
Page 1 of 2
A.I.S. Resources Completes Peru Manganese Trade, Zambian Ores Assay 53% Mn
Vancouver, British Columbia – January 29, 2020 – A.I.S. Resources Limited (TSX-V – AIS, OTCQB:
AISSF) (the “Company” or “AIS”) announces that it has received payment for the first 292 DMT
(“dry metric tonnes”) of Manganese fines sold in November 2019. There was no discrepancy
between the China Import Quarantine (“CIQ”) and Veritas Peru certificate of chemical analysis. The
buyer paid the benchmark price of US$3.70 per DMTU and the final grade was 42.75% Mn.
AIS has sourced very high quality manganese from its Zambian supplier which will be sold on a
CIF basis from Dar Es Salaam Port in Tanzania. The ore was independently assayed by our Chinese
buyer with an assay of 53.66% Mn with low iron, silica and aluminum. We will move to contracts
after the Chinese New Year.
We have 1,000 tonnes of 42% manganese fines ready for sale in Peru and we have negotiated an
acceptable price for 30,000 tonnes of 42% Mn from Brazil. We have sent term sheets to a number
of buyers we have been communicating with.
About AIS Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer that is managed by experienced, highly
qualified professionals who have a long track record of success in lithium exploration and
production, manganese trading, gold exploration and production and capital markets. Through
their extensive business and mining networks, they identify and develop projects worldwide that
have strong potential for growth and near term income with the objective of providing significant
returns for shareholders. The Company's current activities are focused on trading of manganese
ores from Peru, Zambia and Brazil and exploration and development of gold projects in Peru and
North America.
On Behalf of the Board of Directors, A.I.S. Resources Limited
Phillip Thomas
President and CEO
Contact
Phillip Thomas - President and CEO
Website: www.aisresources.com
Since 1967
TSX-V: AIS A.I.S. Resources Limited
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Martyn Element
Chairman
T: 604 687-6820
ADVISORY: This press release contains forward-looking statements. More particularly,
this press release contains statements concerning the anticipated use of the proceeds of
the Private Placement. Although the Corporation believes that the expectations reflected
in these forward-looking statements are reasonable, undue reliance should not be placed
on them because the Corporation can give no assurance that they will prove to be correct.
Since forward-looking statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. The intended use of the proceeds of
the Private Placement by the Corporation might change if the board of directors of the
Corporation determines that it would be in the best interests of the Corporation to deploy
the proceeds for some other purpose. The forward-looking statements contained in this
press release are made as of the date hereof and the Corporation undertakes no
obligations to update publicly or revise any forward-looking statements or information,
whether as a result of new information, future events or otherwise, unless so required by
applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.