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TVI Pacific Inc V.TVI

Alternate Symbol(s):  TVIPF

TVI Pacific Inc. is a Canadian resource company focused on mining projects in the Philippines. The Company holds a 30.66% interest in TVI Resource Development Phils., Inc. (TVIRD). TVIRD's assets include the wholly owned Balabag gold-silver mine and Siana gold mine (Siana). It also has in its portfolio of projects its 100%-owned Mapawa project (gold), a 60% indirect interest in the Mabilo project (a copper-gold-iron skarn deposit that offers potential for multi-metal products, namely copper, gold and silver, with by-products magnetite and pyrite), and a 60% interest in Agata Mining Ventures Inc. (nickel/iron DSO mine). Siana is located in Tubod, Surigao del Norte, approximately 35 kilometers from Surigao City and near to Lake Mainit. The Balabag Gold and Silver Mine, which spans a 4,779-hectare Mineral Production Sharing Agreement. The mine is situated within the municipalities of Bayog in Zamboanga del Sur and Diplahan and Kabasalan in Zamboanga Sibugay, Mindanao, Philippines.


TSXV:TVI - Post by User

Bullboard Posts
Post by rockingroosteron Mar 14, 2018 3:40pm
345 Views
Post# 27715606

TVI thru TVIRD has majot stake in Agate limestone project...

TVI thru TVIRD has majot stake in Agate limestone project...

With the potential cement business in the Philipines,TVI thru TVIRD could reap major value for AMVI Agate limestone project.   

Ownership of AMVI TVI Resource Development Philippines Inc. – 60%
Minimax Mineral Exploration Corporation – 25%
MRL Nickel Philippines Inc. – 15%

  Investment firm embarks on limestone mining

Philippine Daily Inquirer / 05:30 AM March 14, 2018
Investment firm Premiere Horizon Alliance Corp. has ventured into limestone mining exploration in Southern Palawan, seen to be its potential ticket to diversification into cement production.

The board of Premiere Horizon approved a deal to acquire up to 85 percent of equity of Palawan Star Mining Ventures Inc. and Pyramid Hill Mining Industrial Corp., holders of mineral production sharing agreements (MPSAs) covering about 10,384 hectares.

This MPSA area contains “probable commercial quality limestone deposits located in the mineralized area of Southern Palawan,” it disclosed to the Philippine Stock Exchange.

Premiere Horizon intends to fund the precommercial development of a “sustainable and integrative ecosystem of environmentally conducive businesses,” the disclosure said.
 The precommercial development cost is estimated at about P500 million, including the generation of limestone resource identification and validation reports, preparation of project feasibility studies, environmental protection programs, and inclusive community development plans and programs, securing of government regulatory permits and licenses, and other relevant development project components.

Development cost will be funded through an initial equity infusion and a combination of debt and additional equity.

Valued by the stock market at about P816 million, Premiere Horizon is an investment holding company that focuses on countryside development using new technologies in food security, natural resources development, life sciences and technology and tourism.—DORIS DUMLAO-ABADILLA

 
 
 

 



 
 
 
 
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