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American Pacific Borates Ltd

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Market:
ASX
Market Cap:
$62.73 m
Price
0.30 AUD
Change
0.00%
52 weeks high
0.40
52 weeks low
0.12

American Pacific Borate and Lithium Limited (ASX: ABR) is a publicly listed company focused on advancing its 100% owned Fort Cady Borate Project located in Southern California,USA.

Fort Cady Project

American Pacific Borate and Lithium Limited is focused on advancing its 100%-owned Fort Cady Borate and Lithium Project located in Southern California, USA. Fort Cady is a highly rare and large colemanite deposit with substantial lithium potential and is the largest known contained borate occurrence in the world not owned by the two major borate producers Rio Tinto and Eti Maden. The Project has a JORC mineral estimate of Resource of 120.4 million metric tonnes (“Mt”) at 6.5% B2O3 (11.6% Boric Acid equivalent [H3BO3] and 340 ppm Lithium (5% B2O3 cut-off) for 7.8 Mt contained B2O3 (13.9 Mt H3BO3):

  • Total Measured MRE of 38.87 Mt at 6.70% B2O3 (11.91% H3BO3) and 379 ppm Lithium (5% B2O3 cut-off grade) for 2.61 Mt contained B2O3 (4.63 Mt H3BO3)
  • Total Indicated MRE of 19.72 Mt at 6.40% B2O3 (11.36% H3BO3) and 343 ppm Lithium (5% B2O3 cut-off grade) for 1.26 Mt contained B2O3 (2.24 Mt H3BO3)
  • Total Inferred MRE of 61.85 Mt at 6.43% B2O3 (11.42% H3BO3) and 322 ppm Lithium (5% B2O3 cut-off) for 3.98 Mt contained B2O3 (7.07 Mt H3BO3).

(click here for more information on this project)


Salt Wells Projects

The Salt Wells Borate and Lithium Projects are located in Churchill County, Nevada, USA. The Projects are within short proximity to major highways and within 25 kilometres of the town of Fallon that has a population of over 8,500 people.

(click here for more information on this project)

 

 

Last updated 30th July 2019

Board

Michael X. Schlumpberger
Managing Director and CEO
BEng (Mining), MBA

Mike is a qualified mining engineer with over 30 years’ experience in industrial minerals. His background includes management, operations, and maintenance in all aspects of mining, processing, reclamation, and permitting. He has held senior roles with Potash Corporation of Saskatchewan, Passport Potash, and Highfield Resources, and has worked in the United States, Canada, and Europe. Mike holds an MBA from East Carolina University.


Harold (Roy) Shipes
Non Executive Chairman
BSc

Roy has over 50 years’ commercial experience in metals & mining – primarily engineering and project development around the world including the USA, Canada, Peru, Australia, PNG, Venezuela and Mexico. He served as CEO and General Manager of OKTedi Mining Ltd, GM Operations for the Southern Peru Copper Corporation and previously for Phelps Dodge Corporation. Roy was founder and President of a number of North American  focused mining companies, including American Pacific Mining, Western States Engineering and Atlas Precious Metals Inc. He is currently the CEO and President of Altair Resources.


Anthony Hall
Executive Director
LLB(Hons), BBus, AGIA

Anthony is a qualified lawyer with 20years´ commercial experience in venture capital, risk management, strategy and business development. He was Managing Director of ASX listed Highfield Resources Limited from 2011 to 2016. During his tenure the company’s market cap grew from $10m to over $500m and over$140m was raised to progress potash projects in Spain. Anthony holds a Bachelor of Laws (Hons), Bachelor of Business and a Graduate Diploma of Applied Finance and Investment.


Stephen Hunt
Non Executive Director
BBus, MAICD

Stephen has 25 years’ experience in the marketing mineral products worldwide. His career includes 15 years at BHP Billiton where he spent 5 years in the London office marketing minerals to a global customer base. Stephen has built his own minerals trading company, which has a strong Chinese focus. He brings 15 years of cumulative board experience with four ASX listed companies. Two of those companies were successful in transitioning from project development to production.


John McKinney
Non Executive Director
BSc, BA

John has performed in senior management positions in the mining industry for approximately 25 years. He is experienced in Corporate Operations, Management and Business Development. John has co-founded a number of mining companies, including Western Gold Resources, American International Trading Company and Western States Engineering, an engineering company specializing in mining related engineering projects. His responsibilities have included overseeing operations in the U.S., Mexico and Bolivia.

 

Management

Aaron Bertolatti
Company Secretary
BComm, CA, AGIA

Aaron is a qualified chartered accountant and company secretary with over 10 years’ experience in the mining industry and accounting profession. He has both local and international experience and provides assistance to a number of resource companies with financial accounting and stock exchange compliance. Aaron has significant experience in the administration of ASX listed companies, financial accounting, corporate governance and corporate finance. He was previously Australian chief financial officer of Highfield Resources Ltd (ASX:HFR). Aaron acts as Company Secretary for ASX listed companies Red Emperor Resources NL (ASX:RMP) and Fin Resources Ltd (ASX:FIN).


Orgil Battogtokh
Project Engineer
BEng

Orgil has a degree in Minerals and Mining Engineering and is tasked with the construction of the project. He has over ten years’ experience including project management. This experience includes construction of a US$200m greenfield mine and processing facility for an industrial minerals processing facility.


Cindi Byrns
Environmental Manager
BSc, MEng

Cindi has a master’s degree in Environmental Engineering and an undergraduate degree in Geology. With over 35 years’ experience Cindi has permitted four mines, and has permitting experience in California and Nevada as well as with the Bureau of Land Management (BLM). Cindi also has experience in safety and process safety management (PSM).


Joe Burke
Head of Product Development and Partners
MBA

Joe was previously a senior manager of Hunnu Coal and engineered their successful $500m takeover by Banpu plc. Joe was also the CEO of Voyager Resources (copper and gold in Mongolia and Brazil) and on the board of Avenue Resources (tin exploration in Brazil). He was also a Director and founding Partner of Starboard Global, a natural resource PE group. He holds an MBA from the Australian Graduate School of Management (AGSM).

 

Last updated 30th July 2019

Registered Office

Level 24 Allendale Square
77 St Georges Terrace
PERTH WA 6000
Australia

Telephone: +61 8 6141 3145
Fax: +61 8 6141 3101


US Office

16195 Siskiyou Road
#210, Apple Valley
CALIFORNIA, 92307
USA

Telephone: +1 442 292 2120

Directors

Mr. Harold (Roy) Shipes (Non-Executive Chairman)
Mr. Michael Schlumpberger (Managing Director)
Mr. Anthony Hall (Executive Director)
Mr. John McKinney (Non-Executive Director)
Mr. Stephen Hunt (Non-Executive Director)


Company Secretary

Mr. Aaron Bertolatti


Registered Office & Principal Place of Business

Level 24, Allendale Square,
77 St Georges Terrace,
PERTH WA 6000

Telephone: + 61 8 6141 3145
Website: americanpacificborate.com


US Office

16195 Siskiyou Road,
#210, Apple Valley,
CALIFORNIA, 92307
USA


Share Registry

Advanced Share Registry Pty Ltd
110 Stirling Highway
NEDLANDS WA 6009

Telephone: +61 8 9389 8033


Auditors

RSM Australia Partners
Level 32, Exchange Tower,
2 The Esplanade
PERTH WA 6000

Telephone: +61 8 9261 9160


Stock Exchange

Australian Securities Exchange
(Home Exchange: Perth, Western Australia)


ASX Code

ABR

 

Last updated 30th July 2019