| UPDATE ON THE MASBATE EXPLORATION PROJECT AS OF OCTOBER, 2009 |
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| Following the signing of the Exploration and Option Agreement (EOA) last June 24, 2008 between Geograce Resources Philippines, Incorporated (GEO) and Vale Exploration Philippines, Incorporated (VEPI), field exploration and related activities started in Masbate Island from November, 2008 and are at present continuing although to a limited extent as a consequence of the global economic slowdown. |
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| Geograce signs deal to mine nickel in Isabela |
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| LISTED GEOGRACE Resources Philippines, Inc. signed on Tuesday a deal with Tanco-led Geogen Corp. to extract nickel from a mine site in northern Luzon, the company told the stock exchange yesterday. |
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| Under the deal, Geograce will exclusively develop and operate two adjacent mining areas — 45 and 60 hectares — in the municipality of Dinapigue in Isabela province until March next year, subject to renewal by both parties. |
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| Geograce director Michael Defensor gives mining industry speech in AIM Conference. |
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As the worsening global financial meltdown continues to hit economies all over the world, the Philippines being no exception, a number of our Overseas Filipino Workers (OFWs) have been laid off and are coming home jobless. |
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To take the lead in facilitating the reintegration of the globally displaced workers in the local economy, the AIM Policy Center, through its Global Competitiveness Program (GCP), and its partner, the Konrad Adenauer Stiftung (KAS) convened the Handog ng Overseas Filipino Forum 2008 to highlight the prospects offered by the Sunrise Industries-- the Agribusiness, BPO-IT, Eco-tourism, and Mining Industries. |
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| Geograce signs exploration deal with world's second largest mining company |
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Locally listed mining exploration company Geograce Resources Philippines, Inc. recently inked an agreement with Vale, the world's second largest mining company for joint mining explorations in
Masbate for gold and copper. Vale committed US $6Million as initial investment. |
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Present during the signing ceremony were (from L-R) Jerry Angping, Geograce President; Michael Rennison,
Vale’s Business Development Manager; Michael Defensor, GEO Management Services Chairman; and Atty. Renato Puno, Geograce Chairman. |
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| Geograce signs deal with world's 2nd largest miner for 7 projects |
| Wednesday June 25, 2008 |
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Listed miner Geograce Resources Philippines, Inc. has signed a deal with the local subsidiary of the second largest mining firm in the world to jointly explore seven gold and copper mining projects in Masbate.
In a disclosure to the Philippine Stock Exchange, Geograce said its board of di... |
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| World's second-largest miner, RP firm to explore for minerals in Masbate |
| Tuesday, June 24, 2007 |
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MANILA, Philippines - Publicly-listed Geograce Resources Philippines Inc. said it forged an exploration agreement with Brazil-based Companhia Vale do Rio Doce (CVRD), the largest iron ore producer and the world’s second-largest mining company.
In a disclosure to the Philippine Stock ... |
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| Geograce focuses on building up resources tenements
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The ASIA Miner
July-September 2008 |
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| Geograce signs exploration deal with world's second largest mining company |
BusinessWorld
July 25, 2008 |
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World's second largest
miner, RP firm to explore for minerals in Masbate |
GMANews
July 24, 2008 |
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| Orex Iligan Project. |
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| The Orex Iligan Project (“Orex”) is a 6,163-hectare porphyry copper-gold prospect located in Iligan City, north north-west of the Island of Mindanao, Philippines under one Exploration Permit Application. |
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| The Ayungon Project. |
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| The Ayungon Project is a 4,717 hectare porphyry copper-gold prospect on the island of Negros, Philippines. The project comprises two Exploration Permit Applications (“EPA”) and one Mineral Production Sharing Agreement (“MPSA”). |
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| Masbate Copper-Gold Project |
| On June 24, 2008, Geograce Resources Philippines, Inc. announced the signing of an agreement with Vale Exploration Philippines Inc., a subsidiary of Companhia Vale do Rio Doce (Vale) for the joint exploration and assessment of the Masbate Copper-Gold Project. |
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