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Hansa Resources Ltd (TSXV:HRL)

Summary

Hansa Resources Ltd. is a TSX Venture Exchange listed base and precious metals exploration company based in Vancouver, Canada. The company is engaged in exploration along the shallow continental shelf of Ghana for Gold.

Market Overview

$0.070 (0.000%)
Vol 0.00
10 Days Avg Vol 15,833.33
3 Mo Avg Vol 17,943.75
52 Wk Lo/Hi $0.000 - $0.000
YTD Price Gain % -100%
12 Wks Moving Avg 0
200 Days Moving Avg 0
Market Cap 4,018,932

Updated: Market Close, 05/21/2018

Company Background

Our History

In August 2007, Hansa acquired mining claims and leases in the Skillefte gold mining district of northern Sweden. In January 2010 Hansa sold it’s Swedish properties to Botnia Exploration Holding AB, a Swedish public company, for $1,000,000 cdn. and 237 million shares of Botnia which were ultimately converted into $ 2,900,000 cdn.

In April 2008, Hansa signed a Memorandum of Understanding with Angolans Petroleum Services S.A.R.L. to acquire 70% of the 9,685 square kilometre Mavolo-Tetelo-Bembe exploration permit in northern Angola. The permit included the historic Mavolo Copper Mine, and the Tetelo and Bembe copper deposits. Due to the 2008 world financial crisis financing was unavailable and the project was dropped.

In June 2012, Hansa acquired the Zhumba Gold Property in eastern Kazakhstan. The first five years consisted primarily with dealing with very difficult governmental issues and private local influential powers. Minimal exploration was achieved. Kazakhstan was determined to be too difficult a jurisdiction to continue operating in.

In August 2017, Hansa announced the sale of Zhumba to Kazzinc Limited, a subsidiary of Glencore plc, one of the worlds largest companies for the consideration of $600,000 US and a 1.9% net smelter return royalty from production at the Zhumba property.

Hansa has been granted a massive exploration licence ( 20,000 sq. KM that covers the entire coast if Ghana) but does have approximately $1 million cash CAD and a 1.9% Net Smelter Return on the Zhumba property.

We are currently raising 2 M CAD to pay for the offshore marine mining exploration program in in 2018-19.

Highlights

  1. Location Location Location - “nowhere else on earth” Located in  a “Gold District”  The Ghana coastline is referred to as the Gold Coast for a reason.  Has a history of over 400 years of gold mining history.
  2. Strong Government Support
    • 10% equity carried ownership interest
    • 3% NSR
    • Project will pay 25% corporate income tax
  3. Excellent management - Mature Country Experience, Proven Mining & Exploration Success
  4. Strong Technical Partnerships – IHC
  5. Proven Technology & Operations
  6. Targeting Multiple Revenue Streams - Gold, Aggregate & Heavy Mineral Concentrate
  7. Targeting high volume, low cost operations
  8. Clear path to production

Share Structure

As of April 15, 2018
Shares Issued 57,413,317
Warrants
Options 4,000,000
Fully Diluted 61,413,317

Other Information

An Innovative Opportunity

Poseidon has been granted a unique reconnaissance license covering an approximate area of 20,000 km2 on the entire continental shelf of Ghana. Poseidon believes the target has the potential to contain a significant amount of gold, aggregate and economic heavy minerals.  

The Objective

To identify prospective ground to support a novel gold and aggregate mining joint venture operating within 25-80 km of shore. The local crushed stone market has been assessed as worth approximately $610M/USD per annum. (www.researchgate.com)  

Targeting Multiple Revenue Streams

Management is targeting an initial production of 100,000 ounces of gold per suction dredge and plans to increase to up to 5 dredges, producing up to 500,000 ounces of gold per annum*. Production zone targets will include heavy minerals containing magnetite, rutile, rare earth elements and, in selected areas, industrial diamonds. The JV will also be able to monetize the "waste" (aggregate) material.

Management Profiles

Hansa Management

John Nugent

Chairman, President & CEO
Hansa Resources Ltd.

Mr. Nugent practiced corporate and commercial law in Toronto. He was an investment banker with Midland Doherty Ltd. and then became President of Gardiner Group Stock Brokers Inc., which was sold to the Toronto Dominion Bank. He is the co-founder and President of Romanex Limited – a mineral exploration company operating in South America and Africa that was sold to Sutton Resources Ltd., which was itself acquired by Barrick. He then became president of International Barytex Resources Ltd., a public mineral exploration company doing business in Canada and Tanzania



Nick DeMare

Director, CFO & Corporate Secretary
Hansa Resources Ltd

Mr. DeMare has been a director and officer of many publicly listed companies in the resource sector since 1986 providing accounting, management, securities regulatory compliance and corporate secretarial services. He graduated from the University of British Columbia in 1977 with a Bachelor of Commerce.

Poseidon Management

Tom Grriffis

CEO and Chairman
Poseidon Offshore Minerals Inc.

Mr. Griffis is the founder of Griffis Capital and has over 30 years experience in the resource industry focused on financing and developing mineral assets located in North and South America, Africa and Central Asia.



Dr. Bob Griffis

Technical Group Head
Poseidon Offshore Minerals Inc.

Heads Poseidon’s technical group and led the discovery of the Bogosu Gold Mine and Abosso-Damang Gold Mine, Ghana. These projects are still in production, 30 years since their discovery. He is the co-author of highly regarded “Goldfields of Ghana’ which in itself has led to numerous discoveries.

David Horne

Poseidon Offshore Minerals Inc.

Naval Architect and professional diver with over 10 years of experience in marine projects along the coast of Ghana.

Poseidon will retain Royal IHC and Watts Griffis & McOuat, leaders in the fields of marine mining and geological & mining consulting, to develop a large offshore gold and heavy minerals project along the shallow continental shelf of Ghana.

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