commerce resources corp. (tsxv: cce)
DESCRIPTION
Mr. Dave Hodge, President/CEO of Commerce Resources presents a corporate overview at the Critical Metals Investment Symposium in Vancouver, Canada, Jan 21.TRANSCRIPT
TSXv: CCE / FSE: D7H / OTCQX: CMRZF / www.commerceresources.com
Rare Metalsand Rare Earth Elements
JANUARY 2011
Page: 02
Forward Looking Statements
TSXv: CCE / FSE: D7H / www.commerceresources.com
Except for historical information contained herein, this presentation may contain forward
looking statements including but not limited to comments regarding predictions and
projections. Forward looking statements address future events and conditions and therefore
involve inherit risks and uncertainties. Although Commerce Resources believes that such
expectations are reasonable, there can be no assurance that such expectations will prove
to be correct, and therefore actual results may differ materially from those currently
anticipated in such statements. You are cautioned not to place undue reliance on any
such forward looking statements, whether made in this presentation or in any question and
answer period related to this presentation.
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Geologist Sasha Blinova holdspyrochlore, the principal host mineral for tantalum andniobium.
Corporate Highlights
• 3Projects - Blue River (Tantalum & Niobium) - Eldor (Rare Earth Elements) - Carbo (Rare Earth Elements)
• ExposuretoRareMetals& Rare Earth Elements
• FinanciallyStrong
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CARBO Rare Earth ElementsBritish Columbia
BLUE RIVERRare MetalsBritish Columbia
ELDORRare Earth ElementsQuebec
Project Locations
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Blue River Tantalum-Niobium Project
deposit (Upper Fir deposit)• 100% Owned; No royalties• Excellent infrastructure:
- Road accessible - Railway, airport, major paved highway - Power grid - Water supply
DefinedResourcestoendof2008
Based on drilling from2005-2008(153holes)
ResourceCategory
Tonnes(Mt)
Ta2O5 Grade(g/t)
Nb2O5 Grade(g/t)
Contained Ta2O5(pounds)
Contained Nb2O5(pounds)
Indicated 7.38 217 1,202 3,533,000 19,568,000
Inferred 16.49 213 1,222 7,746,000 44,436,000
* (Stone & Selway, 2010) ** 175 ppm cut-off
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DevelopmentFocus:UpperFir
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Recent DevelopmentsIn The Tantalum Markets• Growing Demand from New Technologies (ie. Lithium-ion battery)
• Restrictions on Product from Conflict Regions US odd-Frank Wall Street Reform and Consumer Protection Act (Jul 2010) Requires all US-listed companies to with the SEC an annual report stating that they do not source tantalum from conflict areas Result: Withdrawal of large portion of supply from already tight market
• Upward Price Pressure Continues
• Long term: Market requires additional production from new projects
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Upcoming Milestone for Blue River Project• Updated NI43-101 Mineral Resource Estimate
by AMEC on the Upper Fir Deposit (including 22holes drilled in 2009)
• Preliminary Economic Assessment by AMEC
• Updated NI43-101 Mineral Resource Estimate the on Upper Fir (including 52 holes drilled in 2010)
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EldorELDOR RARE EARTH PROJECT
• Majornewlargetonnage light rare earth discovery• Potentialforaheavyrare earth enriched zone• 100%Owned• Resultsfrom7of12holes released to date
“The most important new
grassroots rare earth discovery
since market interest in rare
earths took off in 2009”
-JohnKaiser,KaiserResearchOnline
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Eldor Rare Earth Project Results ELDOR RARE EARTH PROJECT RESULTS
Results from drilling in 2010 have that the company has made a new discovery of rare earth elements. Results include:
Hole EC10-27: 1.72% TREO over 215.30m (3.74 to 219.04m)Hole EC10-28: 1.95% TREO over 243.84m (2.53 to 246.37m)Hole EC10-46: 1.95% TREO over 364.32m (0.65 to 364.97m)
Hole EC10-47:
1.86%
TREO
over
355.92m
(2.86
to
358.78m)
Assays
pending
from
5
additional
drill
holes
- including 2.02% TREO over 303.42m
- including 2.04% TREO over 262.11m
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Upcoming Milestones for Eldor Project • Assay Results from 5 Drill Holes
• Launch of Winter Drill Program
• NI43-101 Mineral Resource Estimate on the Ashram Zone (SGS Geostat)
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Carbo Rare Earth Project• Carbo claims are adjacent to Spectrum Mining Corporation’s Wicheeda Rare Earth discovery -Highlights include 48.64 metres averaging 3.55%
REE, 72m of 2.92% and 144m of 2.20% REE in
widely spaced drill holes
• 25% Ownership; Joint ventured with Canadian International Minerals Inc. (TSXv: CIN)• 9 holes drilled in 2010. (Drill holes are within 900m of the Wicheeda Project discovery)• Assays pending
6040000mN
6044000mN 5600
00m
E
5620
00m
E
5560
00m
E
5580
00m
E
5640
00m
E
6038000mN
6042000mN
NEW 2009CERIUM SOIL ANOMAL Y
(Open ended) ?
?
?
?
MAPPED CARBONATITE
SPECTRUMMINING
SPECTRUMMINING
COMMERCE RESOURCES
CORP . /CANADIAN
INTERNA TIONALMINERALS
INC.
COMMERCE RESOURCES
CORP . / CANADIAN
INTERNATIONALMINERALS
INC.
Staked
Staked
WICHEEDA REE DISCOVERY ZONE2009 DDH 72 Meters of 2.92% REE2008 DDH 48 Meters of 3.55% REE
N
0 1 2KILOME TRES
• AddingDr.AxelHoppeastheChairmanoftheboardhassenta clearsignaltothemarketandindustry:
- Internationally acknowledged leader in the global tantalum market - Formerly Head of Technical Services and Engineering Group forH.C.Starck;theworld’slargestconsumeroftantalum - PresidentoftheTantalumandNiobiumInternationalStudy Centerfortheyears2002and2007
• AddingMr.IanGrahamtotheboardhasaddedfurtherdepth toourdevelopmentteam:
- FormerlyChiefGeologistwiththeProjectGenerationGroupat Rio Tinto - Track-record of successfully moving projects through the exploration process into production - Involved with development work for Diavik Diamond Mine (Canada),ResolutionCopper(USA),EagleNickel(USA), LakeviewNickel(USA)andBunderDiamonds(Africa)
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Management:OurIndustryAdvantage
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• 3Projects - Blue River (Development) - Eldor (New Discovery) - Carbo (Rare Earth Target in Emerging District)
• ExposuretoRareMetals& Rare Earth Elements
Closing Thoughts
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Dave HodgePresidentandDirector
1450-789WestPenderStreetVancouver,BC,V6C1H2Canada
1.866.484.2700
[email protected] www.commerceresources.com
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