AVZ Discussion 2022
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AJN Resources Inc. +44 7496 291 547 CSE: AJN, Frankfurt: 5AT info@ajnresources.com Suite 1400 - 1199 West Hastings St, Vancouver BC V6E 3T5 Page 1 ajnresources.com CSE: NEWS RELEASE 30/05/24 AJN Resources Inc. Announces Commencement of RC Drilling at its Manono Northeast Project, Tanganyika Province, DRC. Vancouver, BC, May 30, 2024: AJN Resources Inc. (CSE: AJN) (Frankfurt: 5AT) (AJN or the Company) is pleased to announce that the Company has commenced reverse circulation (RC) drilling on its Manono Northeast Project (PR 15282). Hub Drilling Limited, a South African based drilling company, has been contracted to follow up on drilling data received from the ongoing percussion drilling programme. The percussion drilling programme identified three zones of alluvial sediment adjacent to the granite contact zones, which are interpreted to overlie the continuation of the Manono pegmatites onto PR 15282. These target zones were identified along two section lines as shown in Figure 1 and will be tested across the full 7km extent of the property including samples with anomalous lithium and tin, which were identified in the southern portion of PR 15232. The RC drilling programme will be revised once the Company has a better understanding of the distribution of lithium bearing pegmatites within the licence area. The Company intends to give regular updates with respect to the progress of the RC drilling and commencement of the diamond drilling programme on the project area. The percussion drilling further confirmed that the PR 14537 property, which borders PR 15282, is underlain by granite and has no economic potential. The company has since withdrawn its interest and will not continue exploring on this licence. Figure 1: Percussion Holes Drilled to Date and Position of the First Line of RC Drilling. Note the Interpreted Continuation of Pegmatites and RC Drill Targets in close Proximity to the Granite Contact and Results of Stream Sediment Samples. AJN News Release 30/05/24 Page 2 CEO and President Klaus Eckhof commented: “We are extremely excited to commence this next phase of our exploration programme at the Manono Northeast Project. The RC drilling will allow us to better understand the geological structures and potential mineralisation at deeper levels within our licence area. Our initial percussion drilling has provided valuable insights, and we look forward to expanding on this knowledge with more detailed drilling, sampling and analysis.” Figure 2: Photo of the RC Drill Rig on the Manono Northeast Project. Manono Northeast Project To date the Company has carried out numerous pitting and stream sediment sampling programmes at its Manono Northeast Project, which have led to the identification of tin mineralization and grades of up to 400ppm lithium (Li). Percussion drilling has covered a further 5km across the project area and has identified the interpreted continuation of the Manono pegmatites onto PR15282 as shown in Figure 1. These strong results highlight the potential for the lithium–caesium–tantalum (LCT) pegmatites that were found at the nearby Manono project to continue onto the Manono Northeast Project. The Company notes that the northernmost trench at the Manono project, which was announced to have intersected near surface lithium bearing pegmatites, is located only 7 km to the southwest of the Manono Northeast Project boundary. AJN News Release 30/05/24 Page 3 QP Statement Mr Stephen Alan Mawson is a consultant of AJN Resources Inc. and a qualified geologist. Mr Mawson is a registered Professional Natural Scientist (Geological Science) with the South African Council for Natural Scientific Professions (SACNASP Reg. No. 400074/03) and a member of the Geological Society of South Africa. Mr Mawson is a qualified person (QP) under NI 43-101 and has reviewed and approved the scientific and technical information contained in this news release. About AJN Resources Inc. AJN is a junior exploration company. AJN’s management and directors possess over 75 years of collective industry experience and have been very successful in the areas of exploration, financing and developing major mines throughout the world, with a focus on Africa, especially the Democratic Republic of the Congo. For further information, please contact Investor Relations: Sheena Eckhof Director, Investor Relations sheena@eckhofconsulting.com Visit us at www.ajnresources.com Tel: +44 7496 291547 On Behalf of the Board of Directors Klaus Eckhof CEO and President klauseckhof@monaco.mc Cau
nary Note Regarding Forward-Looking Statements The information in this news release may include certain information and statements about management’s view of future events, expectations, plans and prospects that may constitute forwardlooking statements. Forward-looking statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although AJN Resources Inc. believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, AJN Resources Inc. disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forwardlooking statements or otherwise. Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. Not for distribution to United States newswire services or for dissemination in the United States.
It is AJN's permit, north of 13359
nary Note Regarding Forward-Looking Statements The information in this news release may include certain information and statements about management’s view of future events, expectations, plans and prospects that may constitute forwardlooking statements. Forward-looking statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although AJN Resources Inc. believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, AJN Resources Inc. disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forwardlooking statements or otherwise. Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. Not for distribution to United States newswire services or for dissemination in the United States.It is AJN's permit, north of 13359
Cumquat Cap
Regular
Nellie17
Regular
Cumquat Cap
Regular
Lithium exploration next to lithium tenement certainly doesn’t pass the sniff test for me, he should’ve sold those shares 2 years ago, spit in the face to avz shareholders doing it bloody tough.
Xerof
Biding my Time 1971
You’re right, he should have sold as they’ve dropped 66% in value from 2 years ago
(But I get what you mean)
Well, well....You’re right, he should have sold as they’ve dropped 66% in value from 2 years ago
(But I get what you mean)
He could have used it as a tax deduction.
And Nigel's wife should stop fukking shopping at Woolies and Nigel should only fly Qantas airlines...
And... his choice of toilet paper totally pisses me off, he should get it flown in from Lubumbashi and help the local DRC population!
I actually think Nigel's shares are not my business!
If I would have been concerned about it, I would have sold my AVZ shares ages ago.
It was not a fukking secret, was it?
Don't people do their dd before they buy shares?
Samus
Top 20
From memory it only became a concern when AJN released that they would be applying for the Northern tenement after it was split from 13359 when our management had publicly stated that it would be renewed for us under exploration permit.
He has enough shares that; had he sold he would have decimated the share price & should have done so imo.
Anyway the shit show continues...
He has enough shares that; had he sold he would have decimated the share price & should have done so imo.
Anyway the shit show continues...
Xerof
Biding my Time 1971
Piss takingWell, well....
He could have used it as a tax deduction.
And Nigel's wife should stop fukking shopping at Woolies and Nigel should only fly Qantas airlines...
And... his choice of toilet paper totally pisses me off, he should get it flown in from Lubumbashi and help the local DRC population!
I actually think Nigel's shares are not my business!
If I would have been concerned about it, I would have sold my AVZ shares ages ago.
It was not a fukking secret, was it?
Don't people do their dd before they buy shares?
When I bought AVZ, Klaus and Ferguson were running the show. I didn’t give a shit about their other directorships or shareholdings, as they rowed the same boat
It would have become our business if AJN had got hold of the North though, as the optic’s would have been terrible
I agree Directorships and shareholdings are different beasts
Turns out there was nothing to see, except Klaus opportunism and Nige had already resigned as a Director, as he should have done
RHyNO
Regular
Don’t we all mate! Hope Nigel can sort this so at least our mine isn’t a part of the problem!
oxxa23
Regular
12-14 June... the shit show is nearly upon us again.... farken unbelievable.
Correct, I misread.
Well I can understand why a lubricant company wants to be a major sponsor… target market for advertising!
RHyNO
Regular
Fair point but I think it’s also important to keep management on that particular shitlist. It’s very rich of Nigel to be a shareholder and previous board member of a company that is in direct fucking competition with us. Additionally and I’ll say it again for those who just arrived.
“Good legal title”
“Spurious in Nature”
Are 2 blatant lies told to shareholders.
Or 2 examples of how the entire executive branch are incompetent.
One or the other. They either lied to cover up how fucked (and by fucked I mean embroiled in legal proceedings and now delisted) we were. Or they were so stupid they didn’t see how fucked we were. Us not getting fucked is their job. Fucking us. Is the Job of the ccp and DRC.. someone has not done their job!
Just think it’s important to keep the heat on and the blame appropriate. Crying victim after 2+ years of complete failure is a bit rich, not to mention the 1/2 mill pay packets with “performance bonuses” paid out of OUR MONEY. Where is Locke?
Frank
Top 20
Decline of a state: the DRC fourth poorest country in the world, in the IMF-Global Finance ranking
Global Finance, an American magazine known for its rankings of the best financial institutions in the world, recently published the ranking of countries on the planet according to their wealth.
These awards and rankings have become a standard of excellence throughout the world, and are recognized for their reliability.
In the latest ranking drawn up with macroeconomic data from the IMF, the DRC has the sad privilege of appearing in the top 5 of the poorest countries in the world.
To develop its ranking, Global Finance based itself on GDP per capita as shown in a recent IMF report.
Although GDP per capita is often considered the standard metric for measuring the wealth of nations, it has been compensated for by differences in the cost of living and inflation rates, using, not the constant dollar, but the dollar in purchasing power parity (PPP).
Which, according to the magazine, makes it possible to better assess the purchasing power of an individual in a given country.
“It is difficult to identify a single cause of long-term poverty.
Corrupt governments can turn a very rich nation into a poor nation,” writes Global Finance in its report.
Who adds: “The same goes for a history of exploitative colonization, weakness of the rule of law, war and social unrest, difficult climatic conditions or hostile and aggressive neighbors.
The weaknesses are getting worse: a country in debt will not be able to afford good schools, and a poorly educated workforce will limit capacity.”
Deteriorating outlook
According to the report, the figures are striking: in the 10 richest countries in the world, the average annual purchasing power per capita is more than $110,000, in the 10 poorest countries, it is less than $1,500.
The worst part is that poverty is often likely to lead to more poverty.
In the latest edition of the World Economic Outlook, the International Monetary Fund (IMF) explains how poor countries could fall deeper into difficulties: "Decline in growth implies a deterioration in prospects or living standards and a reduction of global poverty.
A persistent low growth environment, combined with high interest rates, would threaten debt sustainability and could fuel social tensions and hamper the green transition. Furthermore, expectations of lower growth may discourage investments in capital and technology and thus, in part, become self-fulfilling.
Out of 190 countries studied, the top 10 richest countries in the world are dominated this year by a regular: the Grand Duchy of Luxembourg, which shows 134,743 dollars per inhabitant.
It is followed by Macau (134,141 USD per capita), an autonomous region on the south coast of mainland China, in the Pearl River Delta, opposite Hong Kong, which lived under Portuguese supervision until 1999. then: Ireland (133,895 USD), Singapore (133,737), Qatar (112,283 USD), United Arab Emirates (96,846 USD), Switzerland (91,932 USD), the United States (85,373 USD), and Norway (82,832 USD).
In this ranking, Africa is generally at the bottom of the table, even if some countries manage to do well. On the continent, the richest of all is, for several consecutive years, the Republic of Seychelles, 54th place in the world. , with 43,151 USD per capita.
A real feat, because this Indian Ocean country is ahead of countries like Greece, Latvia and Russia.
Then come Mauritius, 65th place in the world (32,094 USD), Libya, 73rd in the world (26,456 USD), Botswana, 88th place in the world (20,097 USD), Gabon, 92nd place in the world (19,452 USD), Equatorial Guinea, 96th in the world (18,378 USD) , Egypt, 98th place in the world (17,614 USD), South Africa, 106th place in the world (16,424 USD), Tunisia, 113th place in the world (13,645 USD), and the incredible Eswatini, ex-Swaziland, often caricatured because of the escapades of its king known for his multi-polygamy, 115th place in the world (12,637 USD).
Ubuesque and predatory governance
On the other hand, Africa is the champion when it comes to appearing in the top ten poorest countries on the planet, with 9 countries out of 10.
Indeed, the ten nations which have the sad privilege of The poorest in the world are: Yemen (1,996 USD per capita), Madagascar (1,979 USD), Liberia (1,882 USD), Malawi (1,712 USD), Niger (1,675 USD), Mozambique (1,649 USD), DRC (1,552 USD), CAR (1,123 USD), Burundi (916 USD), and South Sudan (455 USD).
Despite its multitude of mineral wealth, its extent and the immensity of its arable land, and because of a governance that is both ludicrous and predatory in nearly 64 years of independence, the DRC therefore arrogantly occupies the place of fourth poorest country in the world, surpassed even by non-states like Somalia and Yemen.
It would undoubtedly be recommended that Congolese leaders ask themselves the right questions about the causes of the decline of a country so well endowed with natural resources, in order to develop public policies likely to launch the development of Congo-Kinshasa.
mediacongo
Global Finance, an American magazine known for its rankings of the best financial institutions in the world, recently published the ranking of countries on the planet according to their wealth.
These awards and rankings have become a standard of excellence throughout the world, and are recognized for their reliability.
In the latest ranking drawn up with macroeconomic data from the IMF, the DRC has the sad privilege of appearing in the top 5 of the poorest countries in the world.
To develop its ranking, Global Finance based itself on GDP per capita as shown in a recent IMF report.
Although GDP per capita is often considered the standard metric for measuring the wealth of nations, it has been compensated for by differences in the cost of living and inflation rates, using, not the constant dollar, but the dollar in purchasing power parity (PPP).
Which, according to the magazine, makes it possible to better assess the purchasing power of an individual in a given country.
“It is difficult to identify a single cause of long-term poverty.
Corrupt governments can turn a very rich nation into a poor nation,” writes Global Finance in its report.
Who adds: “The same goes for a history of exploitative colonization, weakness of the rule of law, war and social unrest, difficult climatic conditions or hostile and aggressive neighbors.
The weaknesses are getting worse: a country in debt will not be able to afford good schools, and a poorly educated workforce will limit capacity.”
Deteriorating outlook
According to the report, the figures are striking: in the 10 richest countries in the world, the average annual purchasing power per capita is more than $110,000, in the 10 poorest countries, it is less than $1,500.
The worst part is that poverty is often likely to lead to more poverty.
In the latest edition of the World Economic Outlook, the International Monetary Fund (IMF) explains how poor countries could fall deeper into difficulties: "Decline in growth implies a deterioration in prospects or living standards and a reduction of global poverty.
A persistent low growth environment, combined with high interest rates, would threaten debt sustainability and could fuel social tensions and hamper the green transition. Furthermore, expectations of lower growth may discourage investments in capital and technology and thus, in part, become self-fulfilling.
Out of 190 countries studied, the top 10 richest countries in the world are dominated this year by a regular: the Grand Duchy of Luxembourg, which shows 134,743 dollars per inhabitant.
It is followed by Macau (134,141 USD per capita), an autonomous region on the south coast of mainland China, in the Pearl River Delta, opposite Hong Kong, which lived under Portuguese supervision until 1999. then: Ireland (133,895 USD), Singapore (133,737), Qatar (112,283 USD), United Arab Emirates (96,846 USD), Switzerland (91,932 USD), the United States (85,373 USD), and Norway (82,832 USD).
In this ranking, Africa is generally at the bottom of the table, even if some countries manage to do well. On the continent, the richest of all is, for several consecutive years, the Republic of Seychelles, 54th place in the world. , with 43,151 USD per capita.
A real feat, because this Indian Ocean country is ahead of countries like Greece, Latvia and Russia.
Then come Mauritius, 65th place in the world (32,094 USD), Libya, 73rd in the world (26,456 USD), Botswana, 88th place in the world (20,097 USD), Gabon, 92nd place in the world (19,452 USD), Equatorial Guinea, 96th in the world (18,378 USD) , Egypt, 98th place in the world (17,614 USD), South Africa, 106th place in the world (16,424 USD), Tunisia, 113th place in the world (13,645 USD), and the incredible Eswatini, ex-Swaziland, often caricatured because of the escapades of its king known for his multi-polygamy, 115th place in the world (12,637 USD).
Ubuesque and predatory governance
On the other hand, Africa is the champion when it comes to appearing in the top ten poorest countries on the planet, with 9 countries out of 10.
Indeed, the ten nations which have the sad privilege of The poorest in the world are: Yemen (1,996 USD per capita), Madagascar (1,979 USD), Liberia (1,882 USD), Malawi (1,712 USD), Niger (1,675 USD), Mozambique (1,649 USD), DRC (1,552 USD), CAR (1,123 USD), Burundi (916 USD), and South Sudan (455 USD).
Despite its multitude of mineral wealth, its extent and the immensity of its arable land, and because of a governance that is both ludicrous and predatory in nearly 64 years of independence, the DRC therefore arrogantly occupies the place of fourth poorest country in the world, surpassed even by non-states like Somalia and Yemen.
It would undoubtedly be recommended that Congolese leaders ask themselves the right questions about the causes of the decline of a country so well endowed with natural resources, in order to develop public policies likely to launch the development of Congo-Kinshasa.
mediacongo
Last edited:
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