A.i.s. Resources Ships 200 Tonnes High-Grade Manganese ORE IN Ten Containers to China ON the “Tian Chang He” Container Vessel
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TSX-V: AIS A.I.S. Resources Limited
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A.I.S. RESOURCES SHIPS 200 TONNES HIGH-GRADE MANGANESE ORE IN TEN
CONTAINERS TO CHINA ON THE “TIAN CHANG HE” CONTAINER VESSEL
Vancouver, British Columbia – August 2, 2019 – A.I.S. Resources Limited (TSX-V – AIS, OTCQB:
AISSF) (the “Company” or “AIS”) announced today that the Company’s initial trial shipment has
been increased to 200 tonnes of manganese ore and shipped to China on the 66,380 tonne
container vessel TIAN CHANG HE.
Highlights of the initial Manganese Ore shipment include:
200 tonnes of high-grade fines manganese ore in ten containers was loaded onto the container
vessel TIAN CHANG HE.
The container vessel departed Lima port at 11:13 pm, July 31, 2019.
No customs inspection delays were encountered on the first shipment, which was a credit to
our professional freight forwarders and experienced in-house logistics team.
The voyage to Shanghai, China is estimated to be 35-37 days.
Bureau Veritas del Peru, an international assay surveyor sampled the cargo and provided the
export assay analysis.
300 additional tonnes have been bagged at the mine site in preparation for transport to the
port for the next semi-monthly shipping.
Update on the near-term target of 10,000 tonnes Manganese Ore per month:
We are currently negotiating additional sales agreements to enable AIS to export 50 containers
totaling 1,000 tonnes every two weeks from the San Jorge mine. As mining progresses at other
locations this will be increased to our short-term target of 10,000 tonnes per month.
Other updates include:
AIS is negotiating additional sales/joint venture agreements for high-grade lump manganese
products to enable the shipping of large quantities in break bulk handymax ships (>5,000 tonne
lots).
Our Peruvian geologist and general manager have completed visiting nearby mines and
outcrops over the past two weeks and are preparing reports for analysis. The objective is to
add lump manganese to the AIS product line and ship in bulk.
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TSX-V: AIS A.I.S. Resources Limited
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Figure 1 – the Tian Chang He Container Vessel
Figure 2 – the next 300 tonnes of bagged manganese ore beside a new manganese ore
stockpile
“We are delighted to have shipped our first ten containers this week,” stated AIS Resources
President and CEO, Phillip Thomas. “Our due diligence and exploration with potential new joint-
venture partners is going well, which will result in larger shipments as we refine our mining,
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logistics and sales contracts. To develop additional contacts and expand AIS’ exposure to the
market, I’m looking forward to attending the China Manganese conference in late August 2019 in
Ulanqab.”
About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer, managed by experienced, highly qualified
professionals who have a long track record of success in lithium and manganese trading,
exploration, production and capital markets. Through their extensive business and mining
networks, they identify and develop projects worldwide that have strong potential for growth with
the objective of providing significant returns for shareholders. The Company's current activities
are focused on the mining and trading of manganese ores in Peru, and exploration and
development of lithium brine projects in northern Argentina.
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
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
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TSX-V: AIS A.I.S. Resources Limited
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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.