Klaus Jerkoff (AJN)

AJN Resources

CEO Klaus Jerkoff
 
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AJN Resources (Klaus Eckof)
03/11/2022


State Endorses New Licence Applications by Congo Ressources SAU according to the MOU signed with Democratic Republic of the Congo Vancouver, BC, November 1, 2022: AJN Resources Inc. (CSE: AJN) (Frankfurt: 5AT) (“AJN” or the “Company”) is pleased to announce that further to the Company’s news releases of February 8th and April 19th, 2022, and pursuant to the Memorandum of Understanding (the “MoU”) between the Company and the Government of the Democratic Republic of the Congo (“DRC” or the “State”) announced on February 8th, 2022, which was endorsed by the State as announced on April 19th, 2022, the State has now authorized the Cadastre Minier RDC (DRC Mining Register) (“CAMI”) to accept 22 new applications for exploration permits, which cover 6,278 Mining Squares or 5,398km2 in the eastern DRC, from the newly created, State wholly- owned subsidiary, Congo Ressources SAU. Twenty-one of these applications are prospective for gold in the Kilo-Moto Belt and one permit, which is prospective for lithium, is located in the Manono area. See figures 1 and 2 below. Application will be made according to procedures prescribed by the Mining Code and Regulations of the Democratic Republic of Congo (“DRC”).

The portfolio is two-fold in that the first part consists of several highly prospective gold licences located within the Wanga, Rambi, Gada and Nizi project areas and a further 10 prospective exploration licences are in the Kilo-Moto Belt. The second part is aimed at satisfying the State’s objective of creating a supply chain of minerals to support the electric vehicle sector. The State has therefore agreed to support the granting of a lithium licence, which covers part of the Manono pegmatite, to Congo Ressources SAU. Additional coordination measures will be undertaken by the State in the coming weeks to ensure the smooth granting of the lithium licence.

Congo Ressources SAU, which has now been fully incorporated, has commenced with the application processes. All licences will have new numbers and will be granted as research permits.

It is the intention of the parties that once all licences are granted the proposed transaction will close and (1) Congo Ressources SAU will hold a 100% direct interest in the secured licences and become a wholly owned subsidiary of AJN, and (2) AJN will issue, to the State, that number of common shares in the capital of AJN so that after closing the State will hold sixty percent (60%) of the fully-diluted issued and outstanding common shares of AJN, whereby the calculation of the sixty percent (60%) is to be made immediately after the closing, not immediately prior to the closing as reported in the Company’s February 8, 2022 news release. The issuance of common shares to the State will occur following completion of one or more financings to be conducted in connection with the proposed transaction. The quantum of the capital raise will be assessed during the due diligence period.

Shares issued to the State pursuant to the proposed transaction may be subject to regulatory escrow requirements as imposed by Canadian regulatory authorities. After the closing of the proposed transaction the State will have a first right of refusal on any fund raisings carried out by AJN in the future.

On closing of the proposed transaction, the Board of Directors of AJN will be comprised of five directors, two of whom will be directors appointed by the State (one of whom will be Deputy Chairman) and three will be current directors of AJN (one of whom will be Chairman). Closing of the transaction will be subject to legal and technical due diligence, and certain conditions precedent including AJN having obtained all necessary governmental and regulatory approvals and confirmation from all relevant government agencies that all outstanding legal charges, royalties, and taxes have been paid.

A 10% finder’s fee is payable at the close of the transaction and the acquisition of the projects, which will be settled by the issuance of AJN common shares to Klaus Eckhof, CEO and President of AJN or his permitted nominees.

Mr. Klaus Eckhof, CEO and President of AJN commented, “We are extremely excited about the opportunity of working together with the State in developing this highly prospective portfolio of gold exploration assets and the lithium asset at Manono. The State recognises that although the projects have been under government control since the end of colonialism, very little systematic exploration has been carried out on the majority of these projects. We believe that with our management’s track record in the DRC, and the strong support that we have from the State, we will be able to deliver on the portfolio of gold projects and the lithium asset at Manono, which underpin the making of a significant new mineral resource player in DRC. We strongly believe that all parties will benefit from a transaction of this type in which the State will have majority ownership of a public company and will benefit in full transparency from its successes. We are confident that our exploration success will profit not only the State but also will be a key driver in alleviating poverty and social conditions in the areas through improvements of the infrastructure and local job creation.”

Figure 1: Portfolio of Gold Licences included in the Partnership Agreement with the Democratic Republic of Congo. Note: All application areas are new applications and licence numbers will be awarded once granted.

Figure 2: District Geology and Lithium Licence Application within the Manono Project Area. Note the licence is a new application and a new number will be awarded once granted.

QP Statement
Dr Deon Vermaakt is a Consultant of AJN Resources Inc. and qualified geologist, and is a registered Professional Natural Scientist (Geological Science) with the South African Council for Natural Scientific Professions (SACNASP Reg. No. 400020/00). Dr Vermaakt 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

Cautionary 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 forward-looking 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 forward-looking statements or otherwise.



From @JAG

[SIZE=17px]JAG[/SIZE]

Complaint against AJN https://touspourlardc.org/complaint-against-ajn/

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A. Introduction

  1. We write to you in your capacities as the competent Canadian stock exchange authorities in connection with your responsibility for exercising market surveillance and participant discipline and enforcing regulatory compliance with respect to deceptive and unscrupulous market behaviour by AJN Resources Inc. (CSE AJN) (“AJN”).
  • The Complainants are Non-Governmental Organisations and Platforms established in the Democratic Republic of Congo (“DRC”) and whose objectives are, amongst other things, to raise awareness and combat human rights abuses, violations of laws and regulations, fraudulent and dishonest practices and corruption in several sectors of activity including the mining industry in the DRC. The identity and contact details of the Complainants are provided in Appendix A.
B. Facts

  1. On the Home page of its website https://ajnresources.com/, AJN states that it is a junior exploration and development company formed for the purposes of acquiring, exploring and if warranted and feasible, developing resource properties.
  • Between January 18 and April 15, 2020, AJN issued a stream of news releases regarding (a) its purported right to acquire indirect 30-35% free carried interests on 13 mining licences covering 3,801km2 in the DRC, and (b) the resources allegedly contained in the mineral projects it is seeking to acquire in the DRC.
  • On January 18, 2020, AJN issued another news release announcing that AJN signed a Memorandum of Understanding (MoU) with Société Minière de Kilo-Moto SA (“SOKIMO”), whereby SOKIMO proposes to obtain from AJN the conversion of its rights to a direct participation in various gold licences held by SOKIMO into shares in AJN. The said gold licences are located within the Kilo-Moto gold province in the north-east of the DRC. AJN further stated that it intends to raise a minimum of $CDN 20,000,000 via the issuance of securities in the capital of AJN and AJN can secure the direct participation rights in these gold projects held by SOKIMO in consideration of AJN issuing common shares equal to sixty percent (60%) of the issued and outstanding shares of AJN post-financing. AJN further claimed, but without providing any evidence, that the transaction is an arm’s length transaction. On completion of the financing and satisfaction of all conditions, AJN and SOKIMO will conclude a legal and technical due diligence within 90 days of signing of the MOU prior to obtaining all regulatory approvals (including approvals from the Canadian Securities Exchange “CSE”) and execution of a final agreement before closing. The “finders of the projects” will be entitled to a 10% “finders’ fee” payable at the close of the transaction on the acquisition of the Projects, which will be settled by the issuance of AJN common shares payable as follows: 6.5% of the “finder’s fee” will be paid to Dathomir Mining Resources SARL, a DRC private entity with suspicious political connections, and 3.5% will be paid to Klaus Eckhof, CEO, President and a Director of AJN. Prior to the closing of the transaction, AJN intends to conduct an interim financing to raise up to $2.0 million at $0.40 per share for general working capital. AJN also announced in this context its plan for a convertible debenture financing to raise up to $1,200,000. These figures appear to be absolutely ridiculous considering the mineral resources allegedly being acquired by AJN. The 90-day due diligence period provided under the Memorandum of Understanding normally expired on April 17, 2020.
  • On March 3, 2020, AJN issued a second news release, without being mandated to do so, titled “Official communication from the Democratic Republic of Congo Minister of Portfolio”, announcing that the DRC Minister of Portfolio, The Honourable, Professor Clément Kuete Nyimi Bemuna, has officially verified their Memorandum of Understanding with SOKIMO and the Minister of Portfolio has stated that his supervision and support is based on objective assessments and is in accordance with the vision of the President of the DRC, His Excellency, Mr. Félix Antoine Tshisekedi Tshilombo whereby SOKIMO, a commercial company, is free to reflect on any economic model that can ensure its survival and development through dividend access. It should be noted that SOKIMO is actually a 100% state-owned company.
  • On April 14, 2020, AJN issued a news release touting the magnitude of the mineral resources allegedly contained in the projects covered by the Memorandum of Understanding signed with SOKIMO under the heading “AJN Resources Inc. Announces Defined Historic Mineral Resources of More Than 6 Million Ounces of Gold and Update on the North Congolese Gold Project”.
  • On April 15, 2020, as a result of a review of AJN’s news release dated April 14, 2020 by the Investment Industry Regulatory Organization of Canada (IIROC), AJN issued a corrective notice changing the headline of the April 14, 2020 news release to “AJN Resources Inc. Announces Update on the North Congolese Gold Project”.
  • Illegal, manipulative, deceptive and corrupt activities by AJN.
  1. As noted above, this complaint is filed by the Complainants to help the competent Canadian securities authorities to detect, disrupt, and deter securities gross misconduct by AJN.
  • The Complainants believe that AJN deliberately engaged in illegal, deceptive and corrupt activities in connection with the representations made on the transaction with SOKIMO, their purported right to acquire indirect 30-35% free carried interests on 13 mining licences in the DRC and the resources allegedly contained in the relevant mineral projects. We provide below the reasons for our contention.
  • AJN has not acquired any enforceable right whatsoever under the Memorandum of Understanding dated January 18, 2020 entered into with SOKIMO which would have justified its various news releases.
  • It is puzzling and highly suspicious to note that in its news release dated January 18, 2020, AJN claimed that SOKIMO “proposed” to obtain from AJN the conversion of its rights to a direct participation in various gold licences held by SOKIMO into shares in AJN and, at the same time, announced that the so-called “finders of the projects” will be paid a 10% “finders’ fee” at the close of the transaction. If such proposal has been made directly to AJN, it is unclear why commissions would be payable to certain individuals, including the President and Director of AJN and a third-party company, Dathomir Mining Resources LLC.
  • AJN lacks the necessary financial resources to carry out large-scale projects comprised of the 13 mining licences covering 3,801km2. AJN is not a company with mining experience. Currently, AJN does not own any mining asset other than an option right to acquire an exploration-based lithium mine of the Salt Wells, Nevada, from Great Basin Oil LLC. AJN has not developed any gold or other mineral deposit in the past. Nowhere on AJN’s website is it mentioned that the company has already carried out a single mining operation, except for drilling its first drill hole at the Salt Wells lithium project referred to above, as announced in its news release dated August 21, 2019.
  • According to Article 182 of Law No. 007/2002 of July 11, 2012 as amended and supplemented by Law No. 18/001 of March 9, 2018 relating to the mining code (the “DRC Mining Code”), when a “State portfolio company contributes a mineral deposit, either to an existing company or in view of the establishment of a new company, the equity interest of such company to the existing company or the company to be established is set according to the actual value of the mining deposit being contributed…”.
  • The relevant mining licenses being exploitation permits, AJN is required to demonstrate, in accordance with Article 71-b of the DRC Mining Code, the existence of the required financial resources, including source of finance, to successfully develop the projects according to a financing plan for the development of each mine, construction and exploitation works as well as the rehabilitation plan for the sites upon closure. Moreover, the shareholders of AJN will be required to provide equity financing which cannot be less than 40% of the project finance.
  • AJN has violated the information rules applicable to companies listed on the Canadian Securities Exchange while reporting results without any valid technical basis. Indeed, AJN has not conducted and financed any technical study or any relevant technical due diligence in respect of the 13 mining licences and is using misleading technical data of dubious validity gathered here and there with a view to induce the subscription, sale or purchase of its shares by investors.
  • AJN also allegedly plans to use a nominee company to justify a grotesque financial scheme, which is akin to money laundering.
  • Suspicion of corruption would weigh on the Memorandum of Understanding dated January 18, 2020 entered into with SOKIMO to acquire all of SOKIMO’s interests in the mining projects referred to above. Knowing the operating procedures of certain operators and agents involved in this transaction, the Complainants believe, based on information received from reliable sources, that AJN officers and certain other affiliated people would have promised undue and illegal benefits to SOKIMO officers as soon as the mobilization of funds from the Canadian Securities Exchange is effective.
  • In light of the foregoing, the Complainants believe that the reported actions constitute a scam and a serious violation of the relevant provisions of both the CSE Trading Rules and the Universal Market Integrity Rules, of the Investment Industry Regulatory Organization of Canada (IIROC).
  • To prevent the completion of this mafia-like transaction that could cause serious harm to both investors and the Congolese people, the Complainants urge the regulatory body to not give its approval to AJN in relation to this transaction without first conducting a thorough investigation and inquiry into the conduct, business and affairs of AJN as they relate to the transaction being negotiated by AJN with SOKIMO and to take, if warranted criminal, civil action or any other relevant sanction.
Dated: April 30, 2020

Respectfully submitted,

The Complainants listed below.

Appendix A

Names and contact details of the signatory organizations and platforms


NamesOrganizationsContacts
1.Ernest MPARAROLICOCO+243816049837
2.Franck FWAMBATOUCHE PAS A MON COBALT+243810348785
3.Henri MUHIYACERN/CENCO+243810526141
4.King MUSHILANAMAHDH+243997013407
5.Timothée MBUYAJUSTICIA+243994075131
6.Jeef KAZADIPRESS-CLUB RDC+243810241942
7.René NGONGOOCEAN+243998334500
8.Schadrack MUKADCOORDINATION CADRE DE CONCERTATION DE LA SOCIETE CIVILE DU LUALABA+243815388040
9.CASMIA+243992520444
10.LINAPEDHO+243819842267
11Mike LAMEKIESPOIR ONG+243978646773
12.Georges BOKUNDUSARW+243817070127
13.Devoe NGOYRND ASBL+243816092845
14.Jean-Luc KAYOKOPODEFIP+243815888985
15.Antoine MUNGU ETSONISOCIETE CIVILE FORCES VICES DE WATSA+243813611733
16Jean-Cephas GOMISAMECORDINATION TERRITORIALE DE LA NOUVELLE SOCIETE CIVILE DE WATSA+243823480365
17.Dieumerci THUAMBE ADUBANGOSECRETARIAT NATIONAL DU RESEAU DE COMMUNICATEURS DES RESSOURCES NATURELLES+243817417307
Media Contacts :

– Ernest MPARARO, Email : licocordc@gmail.com

– Dieumerci THUAMBE ADUBANGO, Email : dieumercilapresse@gmail.com

– Franck FWAMBA, Email : pressclub.rdc@gmail.com

– Antoine MUNGU, Email : antoinemunguetsoni@gmail.com

– Henri MUHIYA, Email : hmuhiya@gmail.com

– Georges BOKUNDU, Email : GeorgesM@sarwatch.org

Adresses :

– N° 14, Av Lwango, Quartier 1, Ndjili, Kinshasa, RD Congo.

– N° 129, Av Kasaï, Lubumbashi, Haut-Katanga, RD Congo.

– N° 4, Av de la Justice, Quartier Bankoko, Commune Mbunya, Bunia, Ituri, RD Congo.

– N° 2, Rue Planteki, Bld Lumumba, Commune Kibali, Watsa, Haut-Uélé, RD Congo.

– Bureau de la Société Civile, Immeuble John Namate, Quartier 75, Commune Mongali/Durba,

Haut-Uélé RD Congo.

– Bureau de l’ONG SAIPED (non loin de la Radio Rhinocéros), Quartier Farange, Cité de Faradje,

Haut-Uélé, RD Congo.

– N° 533, Route Likasi, Q/Joli Site, Commune de Manika, Kolwezi, Lualaba, RD Congo.


AJN Resources (Klaus Eckof)

30/11/3022


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07/12/2023

The following posted by JAG…. I think related to what Der Goose posted on twitter:

Dathcom have not relinquished any part of PR13359."

The Manono mine is known for being a world-class lithium project. At its Annual General Meeting on November 17, 2022, AVZ Minerals promised that it would certainly be able to obtain PE13359 (operating license) before the end of November 2022.

"Mining Entrepreneur or Capital Manipulator?"

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AJN Resources Inc. is actually aCANADIANcompany and its Managing Director, Klaus Peter Eckhof, is not only the President andCEO of AJNwith a 3.69% stake, but alsothe former President and CEO of AVZ Minerals andManaging Director of TTX (Tantalex Lithium Resources).

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The most interesting thing is that the greatNigel Munro Fergusonis not only the Managing Director of AVZ Minerals, but also the fifth largest shareholder with a1.45% stake in AVZ Minerals and the second largest shareholder with a 9.65% stake inAJN Resources!

WhatsApp-Image-2022-12-06-at-20.17.12.jpeg


"The multiple identities of Klaus and Nigel, the real relationship between AVZ and AJN?"

In April 2022, Klaus and Nigel visited Germany, and then Klaus confirmed that AJN would be awarded the Manono mining right in November this year, while on May 4, 2022, in the DRC, AVZ gave up 81 squares northeast of the Manono project, and four days later, on May 8, AVZ CEO Nigel Ferguson has resigned as a director of AJN. Is this a coincidence?

The shareholders and holders of AVZ and Dathcom suffer from AVZ's renunciation of 81 squares, but Mr. Nigel, as a shareholder of AJN, is the BENEFICIARY?

Obviously, there is a link between AVZ and AJN, a link between Klaus and Nigel. Australia and the DRC are taken for fools. Have Australian and Canadian stock exchanges received genuine disclosure documents for listed companies? Are the interests of shareholders and unitholders well protected?

It is understood that the DRC government refused to grant an operating license to Dathcom, led by AVZ, due to numerous violations, resulting in the suspension of AVZ's negotiation for more than seven months. According to ASX regulations, a suspension of more than 18 months will result in a mandatory delisting.

"If it's insider trading?"

According to an anonymous source:

08/02/2022 : AJN announced that the old Sokimo JV will be replaced by a new one

  • JV with the government of the DRC known asCongo Resources SAU. JV will be composed of 60% DRC government and 40% AJN.
  • 19/04/2022: AJN announced the official signing of a JV Memorandum of Understanding with the DRC government forCongo Resources SAU.
  • Mid-/04/2022: Nigel traveled to Germany and met with Axino Capital as Managing Director of AVZ and Director of AJN at that time.
  • 04/05/2022: AVZannounced the signingof the EP decreeby the DRC Ministry of Mines, but renounced81squaresin the northeast.
  • 08/05/2022:NigelhasresignedfromAJN's Board of Directors (but still the second largest shareholder).
  • 09/05/2022:AVZ trading stops
  • 11/05/2022: Suspensionof AVZ trading
  • End/11/2022:Klaus wentto Germany and metwithAxino Capital, sayingthat"AVZ gaveuphalf of Manono in mid-April and that we will transferc Manono's titles in our JV with the DRC. the Manono tenements will be transferred without problem in our JV with the DRC on which we have been working since February 6, 2020.... but the JV changed on February 8, 2022 and we included a lithium project at Manono in the JV on April 19, 2022 and we will get the smooth transfer into the JV in November 2022. »
  • 01/11/2022: AJN has announced that a northern part of Manono of PR13359 will be transferred to Congo Resources in the coming weeks.
  • 17/11/2022: AVZ holds its annual general meeting, Nigel denies that AJN will get Manono's surrendered mining rights.
  • 01/12/2022: AJN has made an announcement unofficially.
  • 05/12/2022: AVZ remains suspended without a PE.

Also this by this very sus media platform

07/12/2022



DRC - Manono lithium mine: AJN, AVZ and TTX, incestuous financial ties in violation of stock market laws? (Grandstand)

The Canadian company AJN RESOURCES INC of the sulphurous German businessman Peter Klaus Eckhof announced on December 1, 2022 in a press release that it had acquired, via its subsidiary CONGO RESOURCES SAU (CRS), 81 mining squares of the promising Manono lithium mine in the province of Tanganyka in the DRC.

How could he have acquired these squares so easily?


In fact, the boss of AJN RESSOURCES INC (Peter Klaus) was the former boss of AVZ MINERALS which owns shares through DATHCOM, in the Manono lithium mine. Peter Klaus is also the boss of TANTALEX LITHIUM RESOURCES (TTX), another company that also wants to exploit Manono's lithium. The fact that Peter Klaus has links with his 3 exploration and mining companies gives him access to confidential information that other investors do not. And that can lead to insider trading.

Indeed, the current boss of AVZ Nigel Munro holds 9.65% of the shares of AJN RESOURCES. This makes him the second largest shareholder before Klaus who has 3.69% of the shares.

It was after a meeting in April 2022 in Germany between the two businessmen that AJN RESOURCES acquired 81 mining squares resulting from the renunciation by AVZ of part of its mining portfolio. This "assignment-waiver" was immediately followed by the resignation of Nigel Ferguson as administrator at AJN RESOURCES. As director and second shareholder of AJN RESSOURCES, Nigel Ferguson is himself the beneficiary of this sale to the detriment of the holders of AVZ MINERALS shares.

The bond between Nigel and Klaus is visible as a nose in the face. Only the DRC and the holders of AVZ and AJN shares are the turkeys of the farce of this deal. Have the Australian and Canadian stock exchanges really received all the documents on this incestuous transaction?

It is up to these two financial policemen to protect small investors against possible insider trading by certain investors.
For the moment, the DRC has not yet issued an operating permit to DATHCOM/AVZ due to violations of the law. Negotiations have been floundering for 7 months. However, under Australian Stock Exchange regulations, a stalemate in trading for more than 18 months results in delisting.

As a reminder, several civil society organizations consider AJRN as a speculator in natural resources without the capacity to develop a world-class mine.

Civil society had already opposed in November 2019 the sale by SOKIMO of its 10% in KIBALI for the modest sum of 20 million against assets of 150 thousand ounces (10% of the 1.5 million ounces of reserves of ounces).
Christian Kakule


Additional Information


congo environment and mining ajn
 
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19/10/2022
More on AJN (Klaus Eckof)




03/01/2023
Carlos Posted


I've just been through all of AJN's official announcements in the last year and there is only 1 that mentions them applying for a tenement around Manono. It's from November 1st 2022 and it is 100% referring to the northern part of PE13359.

AJN have failed to attain the rights to the northern part of PE13359 and this new PR15383 that they have never disclosed to the market they were applying for is their consolation prize from Mupande for all of the delicious snacks he has been given by Klaus imo

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04/01/2023
Carlos Posted


After reflecting on this I've realised that this is a new deal for AJN and separate to the November 2022 announcement. Their application for northern PE13359 is through Congo Ressources which they had already informed the market they were involved in.

The new one is through Mining Enterprises Katanga which appears to be a private company. So technically they wouldn't have needed to announce this application to the market as they weren't the direct applicant.

The timing of this announcement for them is still a bit suspect for me. Hopefully we get an official announcement from AVZ one of these days that this has all been sorted. Legally AJN have no chance of getting the north of PE13359 imo
 
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African Energy Metals (Stephen Barely)
 
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Remark

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GEUMYANG / KUMYANG
- KANUKA MINING
- FORCE COMMODITIES (ASX: 4CE)
- CRITICAL RESOURCES LIMITED (CCR)
- MINING MINERAL RESOURCES (MMR)


 

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Winenut

Go AVZ!
GEUMYANG / KUMYANG
- KANUKA MINING
- FORCE COMMODITIES
- CRITICAL RESOURCES LIMITED

I find this one interesting from a different perspective

I'm invested in CRR with their Mavis Lake resource in Canada (but was mainly interested initially in Halls Peak in Australia for Copper)

I'm going to dig a bit deeper

I'm comfortable with my investment in CRR (it's mainly a short/medium term play for me) but am interested and want to know about the background and appreciate you bringing this to my attention

Cheers!
 
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I find this one interesting from a different perspective

I'm invested in CRR with their Mavis Lake resource in Canada (but was mainly interested initially in Halls Peak in Australia for Copper)

I'm going to dig a bit deeper

I'm comfortable with my investment in CRR (it's mainly a short/medium term play for me) but am interested and want to know about the background and appreciate you bringing this to my attention

Cheers!

Nuts they are all linked, though CRR don’t state they have an interest in the DRC or Manono.

They do have the project in Canada and I don’t fully know the link between Canada and the DRC unless it’s to do with the French language, but my research has shown me the Canada is the worst country in the world for mining corruption

Please don’t ask me to look for that info, it’s buried with a whole lot of other stuff
 
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Xerof

Biding my Time 1971
4CE, now CRR, used to have the tenements now owned by Kanuka, with whom Kumyang have just signed the MOU.

I don't know for sure but they had 2 blocks, and now seem not to have any interest in either

I vaguely remember something about being uneconomic, walked away, and/or brown paper bags got in the way
 
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CeckRaiseFold

Below all my interpretation and my opinion

PART A) Zijin claim to have purchased the remainder 15% off Cominiere.

If ICC did not think there was a case then they would have sided with Zijin in saying "yes you have legally purchased Cominiere's 15% stake in Dathcom. So, yes this initial ruling to take on the case is a favourable outcome for AVZ in the fact it confirms we have a case in arguing our pre-emptive rights under the Dathcom JV were breached. On top of that IGF report clearly states the corrupt dealings, only partial payment and under-valuation of that purported sale to Zijin. Note, we never owner that 15% and it was always subject to Cominiere accepting the best offer. We just never got to make our offer. Despite some saying we offer cash and a stake in AVZ (will need FIRB agreement I think) we do not know for sure what or how competitive our offer is. because we never owned that 15% this ICC case can drag on for a long time and would not affect us coming out of suspension.

PART B) Dathomir claim to unwind 15% Dathcom sale (or wanting more money)
This is more important than Part B. What I have pieced together over time is that AVZ did complete and pay the SPA moneys in time last year to legally acquire the 10% plus 5% stake in Dathcom from Dathomir. My understanding is that those moneys have been placed in some holding account or escrow and for some reason Dathomir has not taken receipt of those funds therefore their request to DRC tribunal for interim suspension of payments from those 'holding accounts' because they now do not agree to the sale price or they do not want to sell them, with the latter reason being of more concern IMO. AVZ simply says: "not of our concern, we have paid in time as per SPA in the designated account; nothing to see here".

So where are we on the all important ML??
The annual report stating 100% confidence in finalising the Collaboration Agreement reminded me again of how instrumental that document is to unlock everything. It is a legally binding Joint Venture Operating agreement on how the Dathcom Joint Venture will work for the next many years of mining. Who pays for what and what the respective parties rights and obligations are. Most likely the SEZ terms and conditions will feature in this, as does the much debated PE geographic extend (All of RD and all of CDL??). I know from experience that drafting, translating, negotiating, these type of documents take a very long time, you want this done right and using multiple languages further delay this process.

So a positive outcome for me would be:

1) Announce the signing of the Collaboration agreement and completion of the SEZ.

2) Receive somehow from some institution in DRC that we can indeed ignore the Dathomir tribunal ruling as having no legal merit and thereby confirm 75% Dathcom ownership, i.e. just move on.

3) Dathcom receive the ML (even with parts of CDL not included)

4) Dathcom receive a new PR for Northern part CDL and Northern extension under a new 5 year PR

5) continue ICC arbitration and government negotiations on remainder of 15% Dathcom stake from Cominiere

6) Update on funding and FID expectations

IMO This is something AVZ can go into a roadshow/AGM with, anything less will be poorly received. (Note I have left put the TO or buy-out scenarios not to muddy it all - but this is ofcourse also still possible and items 1) through 5) would still be needed IMO before anybody would do a BO or TO)
 
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03/0102023
AJN Resources



AJN Resources Inc. Announces Signing of a Binding Term Sheet to Acquire a 75% Indirect Interest in a Highly Prospective Lithium Application Permit Located on the Kabunda Trend in Eastern DRC
Vancouver, BC, January 3, 2023: AJN Resources Inc. (CSE: AJN) (Frankfurt: 5AT) (“AJN” or the “Company”) is pleased to announce that it has entered into a binding Term Sheet with Mining Entreprise Katanga SARLU (MEK), which is a limited liability company with its registered office in Lubumbashi, Democratic Republic of Congo (DRC), to acquire a 75% indirect interest in PR 15383 located in the Manono Region, Tanganyika Province of the DRC. PR 15383 is a new application for an exploration permit, which has received favourable opinions from both the DRC Department of Mines on November 16, 2022, and the DRC Mining Register (“CAMI”) on December 3, 2022. The application for PR 15383 has been submitted to the DRC Minister of Mines for approval.

PR 15383 is located roughly 120km southeast of Manono within the broader pegmatite belt which extends from Kalemie on Lake Tanganyika to Kolwezi in the southwest and lies along the Kabunda Lithium Trend along the south-eastern margin of the belt. At least 12km of pegmatites with visual spodumene were mapped previously at Kabunda. Similar pegmatites with visible spodumene occurrences shown in Figure 2 have been identified on PR 15383, which has not had any detailed exploration other than a few short reconnaissance visits by the vendor exploration team.

Figure 1: Main Pegmatite Lithium Trends recognised in the Manono Region of Eastern DRC

The vendor geologists worked at both Manono and Kabunda and have recognised a similar style of spodumene and tin/tantalum mineralisation on PR 15383. At Kabunda, tin and tantalum were mined in 4 areas roughly 3,000m apart by the Belgians and more recently by artisanal miners. Spodumene was confirmed in 3 of these mined areas as shown in Figure 2.

Figure 2: Application Permit PR 15383 with Visible Spodumene Identified in the Southern Portion of the Licence Area
The Company will mobilise an exploration team early in the New Year to better understand the extent of pegmatites and associated spodumene and lithium mineralisation.

Figure 3: Photograph of Spodumene in Weathered Pegmatite

The Term Sheet provides for the acquisition by AJN of a 75% indirect interest in PR 15383 from MEK for a total consideration payable by AJN to MEK of US$130,000 in cash and the issuance of 6,000,000 common shares in the capital of AJN to MEK and its Nominees upon satisfaction of certain conditions including the completion of technical, financial and legal due diligence by AJN, the granting of PR 15383 and obtaining all necessary approvals in the DRC and by AJN.

The finders of PR 15383 will be entitled to an 81⁄3% finders’ fee payable on the acquisition of the 75% indirect interest in PR 15383, which will be settled by the issuance of 500,000 AJN common shares as follows: 250,000 common shares will be issued to Mark Gasson, CFO and a Director of AJN, and 250,000 common shares will be issued to Klaus Eckhof, CEO, President and a Director of AJN.

QP Statement
Mr Stephen Alan Mawson is a consultant of AJN Resources Inc. and qualified geologist and 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

Cautionary 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 forward-looking 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 forward-looking statements or otherwise.
 
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05/09/2023
Chilla Posted


Regarding the scam attempt to put three jerkoff stooges on the BOD

You need look no further than Amani Gold to see what KE is trying to do here.

KE was chairman. Put Huljich in as a puppet director. Cong was a major shareholder.

Armani sold major asset to Cong for peanuts, leaving Armani basically worthless.
Klaus and his mafia cohorts trying the same playbook here.

And then you have Leonard Math the former Cosec who was punted. Went onto work with KE at Okapi Minerals along with Sheena. Probably took a AVZ shareholder register with him and was reportedly contacting shareholders last few months to arrange off market buys on behalf of someone. FFS.
 
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08/09/2023
Sam Posted


NEWSECONOMY

Where are we with the 10-year agreement in 2022, particularly on lithium, between the DRC and Klaus Peter Eckof's AJN Resources Inc?​

September 8, 2023
Kiki Kienge


This is a contract which was signed on May 5, 2022 by the Democratic Republic of Congo represented by Mesdames Adèle KAHINDA MAHINA and Antoinette N'SAMBA KALAMBAYI , respectively Minister of State, Minister of Portfolio and Minister of Mines and by Mr. Klaus Peter ECKHOF , president of the Canadian company, AJN RESOURCES INC.

A contract considered to have vague contours by Civil Society Organizations and platforms, which in a press release dated May 31, 2022 had clearly denounced this agreement and asked the Head of State, Félix Tshisekedi and the Prime Minister, Sama Lukonde Kyenge , the cancellation of this contract which does not fit into the spirit of the vision of the President of the Republic; " The people first ".
"Representatives of Civil Society had recommended orally to the Cabinet of His Excellency the President of the Republic and to the Government of the Republic to avoid any form of arrangement called CONGO RESOURCES with AJN Resources because it was perceived as a kind of sell-off assets of certain struggling public mining companies for the benefit of individuals in violation of your vision for the management of our natural resources. This was clearly taken up in the Civil Society Declaration of April 15, 2022.” Civil society press release.

A 10-year agreement signed by the DR Congo with the AJN Ressources Inc group on permits not publicly cited, which violates the rules of transparency, procurement procedures, the requirement for a call for tenders by the mining code and article 52 of the same Code which grants only 5 years of research and is renewable only once.

For civil society, this agreement entitled CONGO RESOURCES signed with the AJN Resources group, is a sell-off of the assets of Congolese public mining companies in financial difficulty for the benefit of a few Congolese and foreign individuals, to the detriment of the Congolese population which continues to to sink into a misery which lacks a name despite its riches.

images.jpg

Children in the Kipushi mines in Haut-Katanga in the DRC

By this signature, CONGO RESOURCES and AJN Resources of Klaus Peter ECKHOF, a Canadian company resembling a commission agent (according to civil society) should mobilize funds on the stock market to finance geological mineral research work for gold and lithium in the Democratic Republic of Congo and this for 10 years, contrary to the Mining Code of DR Congo.

Is it a coincidence or a well-planned strategy only a few months after the submission by DATHCOM and the Australians of AVZ MINERALS of the feasibility study to the Congolese state services, studies entirely financed by AVZ MINERALS and which have added value in terms of international Congolese lithium, should lithium be added to the CONGO RESOURCES contract with the DR Congo?

The signatory civil society organizations and platforms criticize the Canadian group, AJN Resources, for not having expertise in raising and mobilizing funds on the stock market for known mining projects that have been successful in the Democratic Republic of Congo, although its President Klaus Peter Eckoff worked as a geologist or in charge of a few companies in the country.

“The signatories of this press release (…), they had patriotically recommended to the Government of the Republic, on the basis of objective elements, to reject any request for collaboration or any agreement with AJN Resources Inc, because it is not a question a well-known mining company that can say today that it operates such a mine in such a country or such a province of our country; she has never operated a mine, she is a trader, some of whose associates are known in mining circles and those in Civil Society not as miners. » Communique of the Civil Society.

Some Civil Society concerns about AJN Resources and Klaus Eckoff:
  • The Civil Society complaint against AJN RESSOURCES on the Toronto Stock Exchange on April 30, 2020;
  • The various alerts from local civil societies and the media, and particularly the letter addressed to the Prime Minister, Head of Government, on May 13, 2022 by the Coordination of Civil Society of the Chiefdom of Alur-Djuganda (SOCIDJAL), Territory of and Province of Ituri having for object: ''Withdrawal of the ZANI-KODO Concession from the AJN Resources-DRC contract'' for clearly stated reasons;
  • The recent transactions of the President of AJ Resources Inc with another Canadian company named Tantalex (now or becoming Tantalex Lithium Resources which does not officially have a lithium or tantalum license in the DRC) which AFRICA INTELLIGENCE speaks of on January 24, 2021 in its publication entitled: “Klaus Eckoff tiptoes back into Manono’s lithium. »
Civil Society's recommendations to the Head of State, Félix Tshisekedi and to PM Sama Lukonde Kyenge :

  1. We seek the goodwill of His Excellency the President of the Republic, Head of State, for the simple termination of this partnership contract which sabotages his mining vision and ignores his recommendations for good governance of the mining sector beneficial to the Congolese;
  2. We recommend to the two chambers of parliament to challenge the signatory ministers to clarify the contours surrounding the signing of this contract;
  3. We ask His Excellency the Prime Minister Head of Government to suspend any execution of this contract and carry out due diligence on all members of the government and official involved in this file;
  4. We recommend to the Government of the Republic to work with credible and financially viable Majors like other countries including Zambia, Botswana, the Republic of South Africa which have done so and are doing so with First Quantum, De Beers, Anglo American for research, exploration and development of mines without falsely mentioning a false monopoly to justify the fact of working with strangers and brokers in the sector;
  5. We ask the Minister of Mines to fully publish the various mining permits concerned by this contract;
  6. We ask civil society in its diversity to remain mobilized to defend the interests of the country and support the vision of the Head of State to clean up the natural resources sector.

 
22/10/2023
Bin59 Posted


According to a September 23 article it sounds like AJN are still trying/hoping to get access to our northern tenement through Congo Ressources 🤔

Additionally, if the deal with the State and Congo Resources proceeds, he said AJN could tie up the whole northern extension of the Manono pegmatites.”

www.proactiveinvestors.com.au

AJN Resources positioned for soaring lithium demand with lucrative DRC deposits

The Democratic Republic of Congo (DRC) is rich ground for lithium, a metal that is in increasing demand as the electric vehicle (EV) revolution gains...

www.proactiveinvestors.com.au


Carlos Replied
The article clearly states AJN aren't getting north 13359 as that deal has 'stalled'. They can wish all they like but the only way they will be involved now is in a new deal with Zijin. Although it's not out of the question that the are a part of 'Manono Lithium'. There's also still the small matter of 4029 owned by AVZ sitting between north 13359 and the extention plays. The PR's they currently have (14537 under Future Mining Company and 15282 under Palm Resources) and others they are applying for are along the Manono pegamite extention trend. Aka Nearology plays. I've included screenshots of the CAMI portal showing the tenements. As well as the few not so subtle digs aimed towards Nigel at the end.

'With a long history in the DRC and deep knowledge of its mining sector, exploration company AJN Resources Inc (CSE:AJN) is in a prime position to take advantage of the expected demand for the metal.

The company has staked out some of the country’s potentially most lucrative lithium deposits in the Eastern DRC.

“We started looking for projects in the Congo more than three years ago,” director and CFO Mark Gasson told Proactive.

“We signed an agreement with the state which outlined a new model for Congo. The idea was that the state would transfer 21 gold licences and one lithium license, the extension of the Manono pegmatites, into a local subsidiary, Congo Resources. AJN would acquire 100% of Congo Resources and the state would receive 60% of AJN's share capital.”

While the agreement with the DRC government has stalled, AJN’s own progress hasn’t.

“Due to delays from the State we decided it was time to go and find something else for AJN and we focused on lithium, simply because we know the lithium space very well.”

AJN’s prospective lithium projects in Eastern DRC are focused within a 500-kilometre zone roughly 120 kilometres wide, which goes from Katanga in the south of the country all the way up to Kalemie on Lake Tanganyika.

Most of the fieldwork so far has centred on the Kabunda South project, where a reconnaissance mapping and sampling program has revealed Spodumene within pegmatites visually identified across the full seven-kilometer (km) strike extent of the permit.

“We are in the process of sorting out our permitting for drilling at Kabunda and hope to be on-site within a month, and drilling at the latest by the end of October,” Gasson said.

Two more recently acquired licenses are on the Manono trend where AVZ Minerals defined 401 million tonnes grading 1.65% Li2O (lithium dioxide) at its Roche Dure prospect.

AJN has entered an option to acquire up to a 70% indirect interest in the lithium exploration permit PR 14537, which borders the recently optioned PR 15282 exploration property to the west and potentially covers four kilometres of a second pegmatite interpreted to crosscut the central licence area.

20231022_134358.jpg


20231022_134338.jpg


By conducting shallow drilling programs, it hopes to identify the extension of the Manono pegmatites onto both licences under agreement.

“It's interpreted that there are two pegmatites: one follows the granite contact, which runs all the way onto the PR 15282 license and the second interpreted pegmatite, has more of a northerly trend and that continues onto the latest acquisition, PR 14537.”

Gasson noted that AJN has both trends covered with the new licenses, with the possibility of acquiring an additional license between Manono and PR 14537.

Additionally, if the deal with the State and Congo Resources proceeds, he said AJN could tie up the whole northern extension of the Manono pegmatites.

In the meantime, the company is organizing drilling permits for the new license areas to carry out shallow RC drilling to identify the occurrence of pegmatites within the project areas.

With a huge appetite for new projects in the DRC, Gasson said exploration success with its projects is likely to attract attention, particularly from Chinese investors and lithium producers in the region who are trying to buy up as much prospective ground as possible.

“Congo is one of the countries where you have exceptional deposits and Manono is an excellent example,” he said.

“The infrastructure is already improving as a result of the earlier discoveries. I think it’s just a matter of time before there’s going to be a big acquisition drive for the bigger companies and we are in a prime position to be noticed.”

Attracting attention from larger players with deep pockets is part of AJN’s strategy. It takes projects up to the feasibility stage before bringing on a strategic partner to help fund development.

Apart from the lucrative licenses, Gasson said AJN’s on-the-ground knowledge and early mover advantage also work in its favour.

“We have a very big advantage, simply because both Klaus and myself have kept very good contacts with all the authorities; everybody knows who we are,” he said.

“At least one of us travels to Congo every two to three months, just to make sure that people know who we are. You have to show a presence to gain trust; you can't just operate remotely.”'
 

Dave Evans

Regular
07/12/2023

 
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