PHOENIX, ARIZONA, (Accesswire - 16 September 2013) - KEY CAPITAL CORPORATION ("Key Capital" or the "Company") (OTC Pink: KCPC) advises that the Company has entered into agreements and commenced its due diligence on two significant projects, a South African Coal project and an Indonesian Nickel project, as summarized below. Key Capital expert consultants were in South Africa last month commencing the coal project due diligence process and will be in Indonesia later this month to initiate this process for the nickel project.
Coal Project Details:
· The Coal Project is situated in Mpumalanga, South Africa, approximately five hours by rail from the Richards Bay Coal Terminal which is South Africa's main coal export hub. The Richards Bay Export Rail Line passes through the project property.
· The high quality thermal coal project is represented by the Company’s client as having an indicated 30 million tons of minable resource and a potential for a total 226 million tons (non-JORC or NI43-101).
· The project has already secured a US $15 million 150,000 tons/month coal processing plant and approximately US $5 million in infrastructure equipment.
· Mining and environmental permits are expected to be granted within the next six months.
· The Company's client projects production of 100,000 tons monthly to be scaled up to at least 300,000 tons per month by year five.
Agreement Details - Coal Project:
The project funding is subject to mining and environmental permitting and to the Company's final due diligence of a Mining Feasibility Study. Contingent upon successful funding, Key Capital will have a 10% equity interest in the project together with a 15% production streaming interest with the thermal coal product accounted at cost of production.
Nickel Project Details:
The Project, covering some 92 square miles of tenements, is situated in Tanjung Tanah Merah, in the Deapre District of Jayapura, in the Papua Province of Indonesia, approximately 70 miles west of Jayapura where all commercial flights operate from for the region.
The Project, already has a Mining Permit and Environmental Approval, and an historic (non-JORC or NI43-101) resource of some 31.85 million wet tons averaging 1.55%Ni, 0.11%Co, 34.3%Fe as well as significant Magnesium. Mining Planning is currently in process.
Agreement Details - Nickel Project:
The project funding is subject to Key Capital being satisfied with the project due diligence and compliance with the recently revised Indonesian Mining ownership and operational provisions. Should adequate funding be secured, the Company's interest in both equity and streaming will account to the equivalent of a 49% interest in the project.
ABOUT KEY CAPITAL: Key Capital is a resource funding business established to provision institutional project financing for mining operations through streaming and/or equity agreements. The Company is a Georgia corporation headquartered in Phoenix, Arizona.
For further information see http://www.keycapitalgroup.com/
For contact: Matthew Friedman, VP Investor Relations on telephone +1 (480) 745-2565 ext. 4, or email at info@keycapitalgroup.com
Disclaimer
Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results, levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. In connection therewith, as the Company is non-reporting and further has not yet provided for lodgment of disclosure documents on the OTC Disclosure and News Service Platform, readers of this press release should be especially cautious since as evidenced by the "Stop Sign" OTC Pink No Information designation at otcmarkets.com; which indicates companies do not provide disclosure. Publicly traded companies that do not provide information to investors should be carefully researched before making any investment decision.
The resource and/or production potential and expected early production figures presented in this release under the titles "Coal Project Details" and Nickel Project Details" were not prepared in accordance with current JORC or NI 43-101 Reporting Standards, nor in accordance with SEC or accounting guidelines and do not, provide or contain required assumptions. Accordingly, readers of this publication should not use these figures in any way to judge the Company's client prospects at this stage, especially because they are not in conformity with established and required guidelines for preparing such proven reserve and production figures and because, as indicated above, the Company has not yet completed its due diligence on the projects and further, has not filed any information, financial or otherwise, with otcmarkets.com.
No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, its revenues or its future stock price, especially because the Company has not posted its financial statements and other material disclosures on the otcmarkets.com Disclosure and News Service Platform. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.