Matamec Files Modified Unaudited Condensed Consolidated Interim Financial Statements as at September 30, 2012
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 05/02/13 -- Matamec Explorations Inc. ("Matamec" or the "Company") (TSX VENTURE: MAT)(OTCQX: MHREF) announces that the Company has filed modified Unaudited Condensed Consolidated Interim Financial Statements as at September 30, 2012.
Three elements have made essential the modification of the Interim Financial Statements:
About Matamec
Matamec Explorations Inc. is a junior mining exploration company whose main focus is in developing the Kipawa HREE deposit with TRECan. Following the positive conclusion of the PEA study filed on SEDAR in March 2012 and the hiring of a VP Project development and Construction, Matamec and TRECan decided to move directly to the feasibility study. The March 2012 press release highlighted that the project has robust economics such as: $606 million before-tax value (NPV8%), a 36.9% before-tax IRR, $2.8 billion revenue, $1.67 billion EBITDA, a before-tax payback period of 2.4 years, etc. (see press release dated January 30, 2012).
In parallel, the Company is exploring more than 35km of strike length in the Kipawa Alkalic Complex for rare earths-yttrium-zirconium-niobium-tantalum mineralization on its Zeus property.
The company is also exploring for gold, base metals and platinum group metals. Its gold portfolio includes the Matheson JV property located along strike and in close proximity to the Hoyle Pond Mine in the prolific mining camp of Timmins, Ontario.
In Quebec, the Company is exploring for lithium and tantalum on its Tansim property and for precious and base metals on its Sakami, Valmont and Vulcain properties. As well, it is exploring for gold together with Northern Superior Resources Inc. on the Wachigabau property.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Contacts:
Andre Gauthier
President
(514) 844-5252
(514) 844-0550 (FAX)
Edward Miller
Director IR
(514) 844-5252 ext. 205
(514) 844-0550 (FAX)
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Unternehmensinformation / Kurzprofil:
Datum: 02.05.2013 - 11:00 Uhr
Sprache: Deutsch
News-ID 255415
Anzahl Zeichen: 0
contact information:
Town:
MONTREAL, QUEBEC
Kategorie:
Mining & Metals
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