Dig Media Partners with Gippsland Limited
Vancouver, British Columbia, June 08, 2010 -
Dig Media Inc. is pleased to announce its 12-month partnership with Gippsland Limited (ASX: GIP) on TantalumInvestingNews.com (www.tantaluminvestingnews.com), one of the newest additions to Dig Media’s network of commodity-focused websites that make up the Resource Investing News Network. Dig Media’s sites educate investors about what is influencing the markets, while providing branding and connecting opportunities for exploration and mining companies. Gippsland (www.gippslandltd.com) will also be profiled on TinInvestingNews.com (www.tininvestingnews.com).
“We are very happy to have Gippsland joining our tantalum site”, said Nick Smith, Publisher for Dig Media. “Gippsland’s Abu Dabbab Tantalum Project is the largest and most advanced new tantalum project for this highly strategic metal.”
Natural resources like tin, tungsten and tantalum are being mined in regions of the Democratic Republic of Congo that have been embroiled in an on-going war and these minerals are often extracted from militia-controlled mines by enslaved locals. The militias then use the funds garnered from their sale to help finance their bloody operations.
“Worldwide pressure to arrest the supply of ‘conflict tantalum’ is building,” said Jack Telford, Gippsland Executive Director and CEO. ”According to a recent study undertaken by Roskill Information Services in the UK, the world is facing a severe shortage of tantalum over the next few years which places our Abu Dabbab Project directly in the path of the incoming tide of demand for tantalum. We look forward to working with Tantalum Investing News to communicate our progress with this World Scale project to the market.”
“Tin Investing News is also of interest to Gippsland as the Abu Dabbab Project will produce approximately 1,530 tonnes of tin metal per year throughout its 20+ year mine life” said Jack Telford.
TantalumInvestingNews.com provides our investor audience insight into the macro economics influencing the price of tantalum as well as specific insight into public companies that are both exploring and producing.
About Dig Media Inc.
Dig Media is creating a network of websites, The Resource Investing News Network, that will educate investors, provide branding opportunities to companies in the commodities industry, and connect the two — providing high quality investments to an educated pool of investors. Dig Media’s site, http://www.resourceinvestingnews.com, is the premier web portal for information on investing in resource companies. Dig Media now has a network of over 26 sites covering a full range of commodities from gold to gas, coal to diamonds, and aluminium to lithium.
For more information on Dig Media Inc., please contact Nick Smith, Publisher at (604) 688-8231 or visit www.digmediasolutions.com.
About Gippsland Limited
Gippsland Limited is an Australian based company listed on the Australian Stock Exchange (ASX: GIP), and also trades on the Frankfurt Deutsche Börse (DB: GIX). Through its subsidiary Tantalum Egypt JSC, it holds a controlling interest in the 44.5 million tonne Abu Dabbab and 98 million tonne Nuweibi tantalum-tin-feldspar deposits via 30 year Mining Licences that can be extended for a further 30 years.
The Abu Dabbab and Nuweibi Mineral Resources and Ore Reserves comply with the internationally accepted JORC Code standards. Abu Dabbab is fully explored and has been the subject of a successful Definitive Feasibility Study and a full Environmental Impact Assessment (completed to World Bank standards).
Gippsland Directors consider the Abu Dabbab Project to be the world’s most advanced new tantalum operation. The BFS indicated that the project will become the world’s largest tantalum mine, producing in excess of 650,000 pounds of tantalum pentoxide (Ta2O5) per year, with an expected mine life in excess of 20 years. The nearby 98 million tonne Nuweibi deposit will extend this project life significantly.
The Abu Dabbab Project is exceptional in that its mineralisation is metallurgically simple and able to be developed by a simple open pit mine having a most attractive Ore / Waste strip ratio of 1.0 / 0.83. This, and the contribution of significant tin revenue, is expected to ensure the Abu Dabbab Project sets a new global standard for low net cash cost of production for its tantalum products. Low levels of uranium and thorium will ensure that shipment of the Abu Dabbab tantalum product will not be constrained by IMO Class 7 (Radioactivity) regulations.
Taken together, Abu Dabbab and Nuweibi contain 55.4 million pounds of Ta2O5, sufficient to satisfy total global tantalum demand for at least a decade.
Gippsland is also exploring for gold and base metals in Eritrea, a country which has recently yielded significant Volcanic Massine Sulphide (VMS) discoveries.