Raptor Resources Holdings today posted the 1st edition of RaptorNews, an online publication that provides the latest company news. This issue announces the engagement of ASCON Africa’s consulting services to perform a Dodge Mine Validation Study to substantiate the barite and limestone reserves based on the 1966 JCI core drilling/ADIT tunnel project.
Based on ASCON Africa’s report, 411K tons of barite and 531K tons of limestone reserves were authenticated. The focus of the study was on Dodge Hill #1, which represents only about 7% of the entire surface area of Dodge Mine. Assuming general prices for barite at $150/ton and limestone at $33/ton, respectively, this section of Dodge Mine alone represents a market value of $61.5M (barite) and $17.5M (limestone) for a total of $79M. For more details as well as visuals, read the entire RaptorNews issue at Raptor Resources Holding’s Web site.
Future company announcements will be made first via the Web site before a press release is distributed. Investors will always get the latest news and information at www.raptorresourcesholdings.com/corporate-briefing-2.
For more information on Raptor Resources, visit www.raptorresourcesholdings.com
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