Post by Hot Christian Stocks on Mar 8, 2012 20:10:34 GMT -5
CDY - Cardero Resource Corp.
Cardero Resource Corp.
Founded in 1999, Cardero, strives to maximize shareholder value by utilizing management's strong regional network, geological and operational expertise to implement the most economically sound and environmentally friendly approach to building its business. Cardero will continue its transition from high-risk, early-stage grassroots exploration projects and will continue to add value through identification and acquisition of advanced projects.
The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-Amex (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5).
Contact Info
1901 - 1177 West Hastings Street
Vancouver, BC V6E 2K3
Canada
Website: www.cardero.com
Phone: (604) 408-7488
www.otcmarkets.com/stock/CDY/company-info
Management
Michael Hunter, President & CEO
Michael has more than 25 years' experience in the coal mining sector which includes pit operations, plant operations and coal quality analysis. Michael has previously founded two successful coal companies; one of which, First Coal Corporation, was purchased by Xstrata for $137M in July, 2011 and has played a leading role in assisting Canadian coal companies to raise in excess of $100 million.
In 2008, Michael founded Coalhunter Mining Corporation ("CMC") where he was instrumental in securing the rights to the Carbon Creek coal asset; which led to Cardero Resource Corp acquiring CMC.
Michael's operational experience includes working for many years at the Luscar Sterco mine in Alberta and subsequently at Teck's Bullmoose mine in BC where he was involved in plant and pit operations, respectively. Following his employment at Bullmoose, Michael worked on the buy side for Canadian Dehua Trading Corporation where he developed an extensive network in China and then became active in assembling land positions and exploration activities for coal companies with an interest in Northeastern BC.
Henk van Alphen, Managing Director
Henk has had a successful career in the mining business for over 25 years. Since 1999 Henk has been a Director of Cardero Resource Corp and was instrumental in establishing the Cardero Group of Companies. Henk holds senior management and director positions with several resource exploration and development companies, Henk has raised over $200 million for mining exploration, his leadership, knowledge and access to capital are an invaluable asset to the company.
Since founding the Company in 1999, Henk has created significant value for shareholders, not least through acquisition of undervalued projects like Pampa de Pongo, which was acquired for less than $1 million six years before it was sold for $100 million. Henk will continue to focus on corporate strategic initiatives for Cardero
Keith Henderson, Executive Vice President
Keith, formerly Vice President Exploration, brings 19 years' global mining-industry experience. Prior to joining Cardero, Mr. Henderson was Project Manager for Anglo Coal's Canadian subsidiary, focused on metallurgical coal deposits in northeast British Columbia. At Cardero, Mr. Henderson played a critical role in advancing the Pampa de Pongo through a positive scoping study and ultimate sale for US$100 million (2009). Most recently, Mr. Henderson was responsible for Cardero's original investment in Coalhunter (2010), acquiring 49% of the company for $3.6 million.
Keith is a mining industry executive with global experience in Africa, Europe, and the Americas. He has extensive knowledge of the exploration and mining business from both a Major and Junior public company perspective. With a proven track record he has successfully managed exploration and mining companies through significant growth periods.
Keith was educated in Europe, graduating with B.Sc. (Hons) and M.Sc in Geology-- he has extensive experience in various mineral deposit types and commodities including precious metals (gold, silver), base metals (copper, zinc, nickel) and bulk commodities such as metallurgical coal and iron ore.
Carlos Ballon, Manager South America
Carlos is a graduate from Colorado School of Mines and experienced mining engineer. Carlos was VP South America for Corriente Resources followed Director of Thiess South America (Australia's largest contract miner - Tintaya, Yanacocha). Advisor to Scotia Bank Peru (former Banco Wiesse) on settlement of Minera Milpo & Minera Atacocha (Peru's largest Zn producers).
Blaine Bailey, CFO
Mr. Blaine Bailey is a Certified General Accountant who has worked with numerous private and public companies over the past 20 years. Blaine brings complementary skills to the team in the areas of finance, administration and financial reporting.
Tansy O'Connor-Parsons, Senior Geochemist
Tansy has 11 years experience acquired in a variety of geological settings. Before joining the Cardero Group, she worked as Quality Control Geochemist for Anglo American Exploration (Canada) Ltd. While with Anglo, Tansy planned and executed various geochemical sampling programs for copper and zinc in both Canada and Mexico, including interpretation of geochemical data, database implementation and assessing the quality control of the analytical data.
In 2006, Tansy completed her M.Sc. (Geology) at Acadia University, Nova Scotia on lithogeochemical investigations of the world-class Golden Mile Deposit, Western Australia.
Marla Ritchie, Corporate Secretary
Marla brings over 25 years' experience in public markets working as an Administrator and Corporate Secretary specializing in resource based exploration companies to the Company. Since 2001, she has been the Corporate Secretary for Cardero Resource Corp. Between 1992 -- 2003, Marla worked for Ascot Resources Ltd, Brett Resources Inc., Golden Band Resources Inc., Hyder Gold Inc., Leicester Diamond Mines Ltd., Loki Gold Corporation, Oliver Gold Corporation and Solomon Resources Limited. She is also currently the corporate secretary for Corvus Gold Inc., Dorato Resources Inc., International Tower Hill Mines Ltd. and Wealth Minerals Ltd.
Nancy Curry, Manager Corporate Communications
Nancy brings over 20 years of financial market, management and public company experience to Cardero Resource Corp. Nancy began her career working in the brokerage industry and has worked for several national investment dealers specializing in trading futures. In 1995, Nancy's public company experience began with Mountain Province Diamonds Inc., where she coordinated and implemented an extensive Corporate Communications and Investor Relations program for the company until 2000. Nancy has continued this management and communications role with several resource and technology companies before joining Cardero in 2011.
FAQ SHEET
www.cardero.com/i/pdf/Factsheet-Feb2012.pdf
www.cardero.com/i/pdf/ppt/CDU-Presentation.pdf
PROPERTY
Carbon Creek: Overview
The Carbon Creek deposit is an advanced metallurgical coal development project located in the Peace River Coal District of northeast British Columbia, Canada. The project has a current resource estimate of 166.7 million tonnes measured and indicated with an additional 167.1 million tonnes inferred. The Company released results of an independent Preliminary Economic Assessment in December 2011 which outlines the robust nature of the deposit. Plans for 2012 include exploration drilling aimed at expanding the current resource base and advancing the Carbon Creek asset towards feasibility and a production decision.
Ownership
Cardero acquired a 100% interest in Coalhunter Mining Corp. via a plan of arrangement in June 2011. Coalhunter Mining was renamed Cardero Coal Ltd. (a wholly-owned subsidiary of Cardero Resource Corp.) and holds 75% joint venture interest in & is the operator of the Carbon Creek Metallurgical Coal project.
Location
The project is located in the Peace River Coal District of northeast British Columbia, Canada
Sheini Hills Iron Deposit: Overview
The Sheini Hills Iron Project is a large-scale iron project, made up of three prospecting licenses covering the Sheini Hills iron ore deposit (approximately 400 square kilometres in aggregate), which is in line with Cardero's bulk commodity focus and is expected to add significant value to Cardero's metallurgical coal and iron resource base. The Sheini Hills Iron formation, occurring as hematite with a lesser component of magnetite, has an indicated average thickness of 50 to 150 metres and can be followed by surface mapping and sampling for a minimum of 30 kilometres of strike. The mineralized system appears to be flat to gently dipping at surface, forming north-south trending prominent ridges.
Ownership
Joint Ventures with Emmaland
Cardero, through Cardero Ghana, has agreed with Emmaland Resource Limited, an arm's length Ghanaian company ("Emmaland") to enter into three separate joint ventures (one for each of 3 prospecting licenses anticipated to be issued to Emmaland) to explore and, if warranted, develop, an aggregate of approximately 400 square kilometres of lands located in the Zabzugu-Tatale District in the Northern Region of the Republic of Ghana and referred to as the Sheini Hills Iron Project. Formation of each joint venture is subject to the actual issuance of the prospecting license that is the subject of that joint venture.
Under the three proposed joint ventures, Cardero Ghana will have the right to earn a 100% working interest in each license, subject to (a) a 10% NPI in favour of Emmaland and (b) a 10% fully carried interest, in favour of the Government of Ghana, in the portions of the license areas that become the subject of one or more mining licenses subsequently issued to Emmaland. In order to earn its interest, Cardero will fund all expenditures under the particular joint venture and make the following payments to Emmaland:
For each of the Sheini Hills North and Middle Sheini property licenses:
USD 25,000 upon the agreement to enter into the joint venture (paid)
USD 250,000 as an initial joint venture payment (paid)
USD 1,000,000 upon the formation of the joint venture (Effective Date)
USD 1,000,000 six months after the Effective Date
USD 500,000 one year after the Effective Date
USD 1,000,000 two years after the Effective Date
USD 1,000,000 three years after the Effective Date
USD 500,000 four years after the Effective Date
USD 500,000 five years after the Effective Date
For the Sheini South property license:
USD 3,000,000 upon the formation of the joint venture (Effective Date)
USD 1,000,000 one year after the Effective Date
USD 1,000,000 two years after the Effective Date
Cardero Ghana will have the right to purchase the 10% NPI held by Emmaland in a joint venture at any time for an amount representing the net present value thereof, as calculated by an independent engineering firm, or such other amount as is acceptable to Emmaland.
Location
The three prospecting licenses cover an area approximately 55 kilometres long by an average of 7 kilometres wide (approximately 400 square-kilometres). The project is approximately centred on the town of Sheini located in north-eastern Ghana adjacent to the border with Togo approximately 400 kilometres north-east of Accra and 160 kilometres east of Tamale, the regional capital of Northern Ghana. Infrastructure is good to moderate with graded roads, power and communications available at the district capital of Zabzugu, some 20 kilometres north-west of Sheini.
About Ghana
The Republic of Ghana, is located in West Africa, bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south. The population is approximately 24 million people with a labour force of 11.5 million people. Ghana is rich with natural resources and was known for its gold in colonial times, remaining one of the world's top gold producers today. Other exports such as cocoa, oil, timber, electricity, diamond, bauxite and manganese are major sources of foreign exchange. Ghana remains one of the more economically sound countries in all of Africa.
Ghana operates politically through a stable parliamentary system yet also honours an historic chief system with a complex hierarchy branching downward from an Ashanti king, through four "paramount" regional chiefs and then down to district and village chiefs. Ghana is a modern developing country with strong economic ties in West Africa and with Europe and North America. It is West Africa's largest gold producer and a top-ten gold producer globally. It is also the world's second largest cocoa producer and is emerging as an oil-producing nation through newly discovered offshore fields.
Minnesota Iron-Titanium: Overview
Ownership
The Company holds an option to acquire up to an 85% interest in the Longnose property by incurring USD 1,850,000 in expenditures (to acquire 70%) and delivering a feasibility study (to acquire an additional 15%). Upon the Company earning its 70% or 85% interest, the optionee of the Longnose property has the option to maintain its 30% or 15% interest and enter into a joint venture with the Company, or to convert its working interest to either a 10% or 5% net profits interest. Advance royalties and production royalties are payable to the underlying lessors of the properties. The Company holds a 100% leasehold interest in the Titac property under a mining lease dated July 1, 2009. The lease is for an initial term of 20 years, subject to extension for up to 20 additional years, and requires annual rental payments until commercial production and thereafter production royalty payments (minimum $200,000/year).
Location
The Longnose and Titac properties are both located in northeastern Minnesota in St. Louis County. The infrastructure in northeastern Minnesota related to mining activities is excellent, with low cost electricity, railroads, paved state and county highways, international shipping ports, mining professionals, mining vendors, and trained labor all readily available.
Cardero Resource Corp.
Founded in 1999, Cardero, strives to maximize shareholder value by utilizing management's strong regional network, geological and operational expertise to implement the most economically sound and environmentally friendly approach to building its business. Cardero will continue its transition from high-risk, early-stage grassroots exploration projects and will continue to add value through identification and acquisition of advanced projects.
The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE-Amex (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5).
Contact Info
1901 - 1177 West Hastings Street
Vancouver, BC V6E 2K3
Canada
Website: www.cardero.com
Phone: (604) 408-7488
www.otcmarkets.com/stock/CDY/company-info
Management
Michael Hunter, President & CEO
Michael has more than 25 years' experience in the coal mining sector which includes pit operations, plant operations and coal quality analysis. Michael has previously founded two successful coal companies; one of which, First Coal Corporation, was purchased by Xstrata for $137M in July, 2011 and has played a leading role in assisting Canadian coal companies to raise in excess of $100 million.
In 2008, Michael founded Coalhunter Mining Corporation ("CMC") where he was instrumental in securing the rights to the Carbon Creek coal asset; which led to Cardero Resource Corp acquiring CMC.
Michael's operational experience includes working for many years at the Luscar Sterco mine in Alberta and subsequently at Teck's Bullmoose mine in BC where he was involved in plant and pit operations, respectively. Following his employment at Bullmoose, Michael worked on the buy side for Canadian Dehua Trading Corporation where he developed an extensive network in China and then became active in assembling land positions and exploration activities for coal companies with an interest in Northeastern BC.
Henk van Alphen, Managing Director
Henk has had a successful career in the mining business for over 25 years. Since 1999 Henk has been a Director of Cardero Resource Corp and was instrumental in establishing the Cardero Group of Companies. Henk holds senior management and director positions with several resource exploration and development companies, Henk has raised over $200 million for mining exploration, his leadership, knowledge and access to capital are an invaluable asset to the company.
Since founding the Company in 1999, Henk has created significant value for shareholders, not least through acquisition of undervalued projects like Pampa de Pongo, which was acquired for less than $1 million six years before it was sold for $100 million. Henk will continue to focus on corporate strategic initiatives for Cardero
Keith Henderson, Executive Vice President
Keith, formerly Vice President Exploration, brings 19 years' global mining-industry experience. Prior to joining Cardero, Mr. Henderson was Project Manager for Anglo Coal's Canadian subsidiary, focused on metallurgical coal deposits in northeast British Columbia. At Cardero, Mr. Henderson played a critical role in advancing the Pampa de Pongo through a positive scoping study and ultimate sale for US$100 million (2009). Most recently, Mr. Henderson was responsible for Cardero's original investment in Coalhunter (2010), acquiring 49% of the company for $3.6 million.
Keith is a mining industry executive with global experience in Africa, Europe, and the Americas. He has extensive knowledge of the exploration and mining business from both a Major and Junior public company perspective. With a proven track record he has successfully managed exploration and mining companies through significant growth periods.
Keith was educated in Europe, graduating with B.Sc. (Hons) and M.Sc in Geology-- he has extensive experience in various mineral deposit types and commodities including precious metals (gold, silver), base metals (copper, zinc, nickel) and bulk commodities such as metallurgical coal and iron ore.
Carlos Ballon, Manager South America
Carlos is a graduate from Colorado School of Mines and experienced mining engineer. Carlos was VP South America for Corriente Resources followed Director of Thiess South America (Australia's largest contract miner - Tintaya, Yanacocha). Advisor to Scotia Bank Peru (former Banco Wiesse) on settlement of Minera Milpo & Minera Atacocha (Peru's largest Zn producers).
Blaine Bailey, CFO
Mr. Blaine Bailey is a Certified General Accountant who has worked with numerous private and public companies over the past 20 years. Blaine brings complementary skills to the team in the areas of finance, administration and financial reporting.
Tansy O'Connor-Parsons, Senior Geochemist
Tansy has 11 years experience acquired in a variety of geological settings. Before joining the Cardero Group, she worked as Quality Control Geochemist for Anglo American Exploration (Canada) Ltd. While with Anglo, Tansy planned and executed various geochemical sampling programs for copper and zinc in both Canada and Mexico, including interpretation of geochemical data, database implementation and assessing the quality control of the analytical data.
In 2006, Tansy completed her M.Sc. (Geology) at Acadia University, Nova Scotia on lithogeochemical investigations of the world-class Golden Mile Deposit, Western Australia.
Marla Ritchie, Corporate Secretary
Marla brings over 25 years' experience in public markets working as an Administrator and Corporate Secretary specializing in resource based exploration companies to the Company. Since 2001, she has been the Corporate Secretary for Cardero Resource Corp. Between 1992 -- 2003, Marla worked for Ascot Resources Ltd, Brett Resources Inc., Golden Band Resources Inc., Hyder Gold Inc., Leicester Diamond Mines Ltd., Loki Gold Corporation, Oliver Gold Corporation and Solomon Resources Limited. She is also currently the corporate secretary for Corvus Gold Inc., Dorato Resources Inc., International Tower Hill Mines Ltd. and Wealth Minerals Ltd.
Nancy Curry, Manager Corporate Communications
Nancy brings over 20 years of financial market, management and public company experience to Cardero Resource Corp. Nancy began her career working in the brokerage industry and has worked for several national investment dealers specializing in trading futures. In 1995, Nancy's public company experience began with Mountain Province Diamonds Inc., where she coordinated and implemented an extensive Corporate Communications and Investor Relations program for the company until 2000. Nancy has continued this management and communications role with several resource and technology companies before joining Cardero in 2011.
FAQ SHEET
www.cardero.com/i/pdf/Factsheet-Feb2012.pdf
www.cardero.com/i/pdf/ppt/CDU-Presentation.pdf
PROPERTY
Carbon Creek: Overview
The Carbon Creek deposit is an advanced metallurgical coal development project located in the Peace River Coal District of northeast British Columbia, Canada. The project has a current resource estimate of 166.7 million tonnes measured and indicated with an additional 167.1 million tonnes inferred. The Company released results of an independent Preliminary Economic Assessment in December 2011 which outlines the robust nature of the deposit. Plans for 2012 include exploration drilling aimed at expanding the current resource base and advancing the Carbon Creek asset towards feasibility and a production decision.
Ownership
Cardero acquired a 100% interest in Coalhunter Mining Corp. via a plan of arrangement in June 2011. Coalhunter Mining was renamed Cardero Coal Ltd. (a wholly-owned subsidiary of Cardero Resource Corp.) and holds 75% joint venture interest in & is the operator of the Carbon Creek Metallurgical Coal project.
Location
The project is located in the Peace River Coal District of northeast British Columbia, Canada
Sheini Hills Iron Deposit: Overview
The Sheini Hills Iron Project is a large-scale iron project, made up of three prospecting licenses covering the Sheini Hills iron ore deposit (approximately 400 square kilometres in aggregate), which is in line with Cardero's bulk commodity focus and is expected to add significant value to Cardero's metallurgical coal and iron resource base. The Sheini Hills Iron formation, occurring as hematite with a lesser component of magnetite, has an indicated average thickness of 50 to 150 metres and can be followed by surface mapping and sampling for a minimum of 30 kilometres of strike. The mineralized system appears to be flat to gently dipping at surface, forming north-south trending prominent ridges.
Ownership
Joint Ventures with Emmaland
Cardero, through Cardero Ghana, has agreed with Emmaland Resource Limited, an arm's length Ghanaian company ("Emmaland") to enter into three separate joint ventures (one for each of 3 prospecting licenses anticipated to be issued to Emmaland) to explore and, if warranted, develop, an aggregate of approximately 400 square kilometres of lands located in the Zabzugu-Tatale District in the Northern Region of the Republic of Ghana and referred to as the Sheini Hills Iron Project. Formation of each joint venture is subject to the actual issuance of the prospecting license that is the subject of that joint venture.
Under the three proposed joint ventures, Cardero Ghana will have the right to earn a 100% working interest in each license, subject to (a) a 10% NPI in favour of Emmaland and (b) a 10% fully carried interest, in favour of the Government of Ghana, in the portions of the license areas that become the subject of one or more mining licenses subsequently issued to Emmaland. In order to earn its interest, Cardero will fund all expenditures under the particular joint venture and make the following payments to Emmaland:
For each of the Sheini Hills North and Middle Sheini property licenses:
USD 25,000 upon the agreement to enter into the joint venture (paid)
USD 250,000 as an initial joint venture payment (paid)
USD 1,000,000 upon the formation of the joint venture (Effective Date)
USD 1,000,000 six months after the Effective Date
USD 500,000 one year after the Effective Date
USD 1,000,000 two years after the Effective Date
USD 1,000,000 three years after the Effective Date
USD 500,000 four years after the Effective Date
USD 500,000 five years after the Effective Date
For the Sheini South property license:
USD 3,000,000 upon the formation of the joint venture (Effective Date)
USD 1,000,000 one year after the Effective Date
USD 1,000,000 two years after the Effective Date
Cardero Ghana will have the right to purchase the 10% NPI held by Emmaland in a joint venture at any time for an amount representing the net present value thereof, as calculated by an independent engineering firm, or such other amount as is acceptable to Emmaland.
Location
The three prospecting licenses cover an area approximately 55 kilometres long by an average of 7 kilometres wide (approximately 400 square-kilometres). The project is approximately centred on the town of Sheini located in north-eastern Ghana adjacent to the border with Togo approximately 400 kilometres north-east of Accra and 160 kilometres east of Tamale, the regional capital of Northern Ghana. Infrastructure is good to moderate with graded roads, power and communications available at the district capital of Zabzugu, some 20 kilometres north-west of Sheini.
About Ghana
The Republic of Ghana, is located in West Africa, bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south. The population is approximately 24 million people with a labour force of 11.5 million people. Ghana is rich with natural resources and was known for its gold in colonial times, remaining one of the world's top gold producers today. Other exports such as cocoa, oil, timber, electricity, diamond, bauxite and manganese are major sources of foreign exchange. Ghana remains one of the more economically sound countries in all of Africa.
Ghana operates politically through a stable parliamentary system yet also honours an historic chief system with a complex hierarchy branching downward from an Ashanti king, through four "paramount" regional chiefs and then down to district and village chiefs. Ghana is a modern developing country with strong economic ties in West Africa and with Europe and North America. It is West Africa's largest gold producer and a top-ten gold producer globally. It is also the world's second largest cocoa producer and is emerging as an oil-producing nation through newly discovered offshore fields.
Minnesota Iron-Titanium: Overview
Ownership
The Company holds an option to acquire up to an 85% interest in the Longnose property by incurring USD 1,850,000 in expenditures (to acquire 70%) and delivering a feasibility study (to acquire an additional 15%). Upon the Company earning its 70% or 85% interest, the optionee of the Longnose property has the option to maintain its 30% or 15% interest and enter into a joint venture with the Company, or to convert its working interest to either a 10% or 5% net profits interest. Advance royalties and production royalties are payable to the underlying lessors of the properties. The Company holds a 100% leasehold interest in the Titac property under a mining lease dated July 1, 2009. The lease is for an initial term of 20 years, subject to extension for up to 20 additional years, and requires annual rental payments until commercial production and thereafter production royalty payments (minimum $200,000/year).
Location
The Longnose and Titac properties are both located in northeastern Minnesota in St. Louis County. The infrastructure in northeastern Minnesota related to mining activities is excellent, with low cost electricity, railroads, paved state and county highways, international shipping ports, mining professionals, mining vendors, and trained labor all readily available.