EVA Evrima Plc

 
TIDMEVA 
 
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY EVRIMA PLC TO 
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION 
(EU) NO. 596/2014 AS AMED ("MAR") OR EQUIVALENT, TRANSITIONAL REGULATIONS IN 
THE UNITED KINGDOM. ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY 
INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN 
THE PUBLIC DOMAIN. 
 
                                  Evrima plc 
 
                                   AQSE: EVA 
 
                          ("Evrima" or the "Company") 
 
  Evrima plc enters Non-Binding Investment Memorandum to act as "Cornerstone" 
            Investor in Eastport Venture Inc.'s Pre-IPO Fundraising 
 
Particulars of the RIS Announcement 
 
 1. Eastport Ventures Inc. ("Eastport Ventures"): Background 
 2. Eastport Ventures: Underlying Asset Overview and Link to Corporate 
    Presentation 
 3. Investment Memorandum: Cornerstone Eastport Ventures, Pre-IPO Fundraise 
 4. Related Party Disclosure 
 5. Statement by Evrima's Executive Chairman 
 
 
1. Eastport Ventures: Background 
 
Eastport Ventures is a company incorporated and registered in Ontario, Canada, 
which was formed by seasoned explorers and corporates for the purpose of 
identifying and evaluating mineral opportunities in Southern Africa, with a 
specific geologic focus on Botswana. The commercial objective of the company 
was patiently to acquire and build a portfolio of advanced exploration and 
investment opportunities at junctures in the resources demand cycle when 
commodity markets were depressed.  This covered a range of commodites that the 
Eastport Ventures' team believed would attract capital investment upon an 
upturn in global capital markets, coupled with a renewed appetite for 
undervalued mining and exploration assets. 
 
Eastport Ventures has hitherto amassed a portfolio of interests covering 
copper, nickel, uranium, and diamonds; it has additionally created an internal 
investment division that currently has a value in excess of C$1,000,000. 
 
The mineral assets within Eastport Ventures have attracted an aggregate of over 
USD$15,000,000 in both historic and current capital expenditure. 
 
The key members involved in Eastport from inception include: 
 
President & Co-Founder: Mr Rick Bonner 
 
Mr Bonner brings 30-plus years of mineral exploration experience on four 
continents exploring for copper, gold, uranium, and diamonds (including whilst 
with Rio Tinto and BHP) to Eastport Ventures. His explorations have taken him 
into a number of challenging environments including the former Soviet Union, 
Western and East Africa, and Arctic Canada. 
 
A co-founder of Westport Resources Namibia, he built a significant exploration 
company for Forsys Metals Corp, a TSX-listed company that reached a valuation 
in excess of C$900M with its share price rising from the low cents to >C$10 a 
share. Mr Bonner's responsibilities included advancing the Valencia uranium 
deposit from exploration to a NI 43-101 compliant measured resource. 
 
Please see also Section 4. of this announcement, "Related Party Disclosure". 
 
Chief Executive Officer & Co-Founder: Burns Singh Tennent-Bhohi 
 
Please refer to Section 4. of this announcement, "Related Party Disclosure". 
 
Strategic Adviser and Shareholder: Dr. Laurie Curtis 
 
Dr. Curtis brings over 30 years of experience in the mining industry and 
capital markets, with a proven track record in corporate development, mine 
development, and project financing. 
 
He was the founder of Intrepid Minerals and was a key member of the senior 
management and technical teams that oversaw all aspects from discovery through 
to operations. Under his guidance as CEO / COO, Intrepid transitioned through 
merger and acquisition to become a gold producer and developer, ultimately 
attaining a market capitalisation in excess of $1 billion. 
 
Dr. Curtis has also held several positions in the financial sector including 
Research and Mining Analyst at Clarus Securities, and Vice President and Senior 
Analyst of Global Resources for Dundee Capital Markets. Dr Curtis is currently 
a Director of Excellon Resources (TSX:EXN) and a shareholder of Eastport 
Ventures. 
 
Strategic Adviser and Shareholder: Mr. Nick Tintor 
 
Mr Tintor is a mining executive and geologist who holds a BSc. In Geology from 
the University of Toronto and has in excess of 30 years of experience in the 
Canadian and international mining industry. 
 
For the past twenty years he has been involved in all aspects of junior mining 
company management from project generation, to finance and executive 
management. 
 
He also brings deep global relationships in the mining industry and especially 
in the Canadian resources investment banking sector. Mr Tintor was also a key 
member of Moto Gold, which was sold in 2009 to Randgold for C$500M. 
 
Mr Tintor is currently Chair of Benz Mining (TSX-V:BZ), which has seen its 
share price increase by more than 1,000% over the last 12 months. Mr Tintor is 
a shareholder of Eastport Ventures. 
 
2. Eastport Ventures: Underlying Asset Overview and Link to Corporate 
Presentation 
 
Matsitama Copper Project 
 
The Matsitama Copper Project comprises of nine exploration licences that cover 
a total area of 2,405 km2 , being the bulk of the Matsitama Schist Belt. The 
project is targeting massive and disseminated sulphide deposits related to 
IOCG-style deposits, which can be substantial in size. 
 
Eastport Ventures holds extensive historic data including over 2,000 drill 
holes, of which a number require follow-up based on the reporting of what the 
board of Eastport Ventures believes to be highly attractive, mineable grades 
and widths. 
 
Extracted highlights: 
 
Phudulooga:       DS07-011 -          4.42% Cu, 5.94 g/t Ag over 3.3m at 24.1m 
depth* 
 
                                           DS07-012 -         3.36% Cu, 3.72 g/ 
t Ag over 3.4m at 85.8m depth** 
 
              Nakalakwana:   NH-014 -            2.47% Cu over 10.0m at 65.9m 
depth*** 
 
                             NH-016 -             2.42% Cu over 5.26m at 60.4m 
depth**** 
 
              Regional Targets: +30 copper occurrences 
 
*; **; ***; **** Depths from surface 
 
Keng Nickel Project 
 
The Keng Nickel Project is comprises of one exploration licence that covers 363 
km2 and of one contiguous pending (Q2 decision anticipated) licence covering 
984 km2 . The project targets the marginal area of the Molopo Farms Complex, 
which is a large layered mafic intrusive, with geologic similarities to the 
Bushveld Complex in South Africa. Previous explorers have intersected narrow 
veins with high grades of sulphide mineralisation: 
 
KP-019  1.25% Ni, 0.96% Cu over 0.1m - sulphide vein 
 
KP-020 14.6% Ni, 0.87% Co over 0.3m - sulphide vein 
 
Presence of veining with metals supports the Norilsk-Talnakh nickel deposit 
target model. 
 
Foley Uranium Project 
 
A single large licence (846km2), targets shallow, calcrete-hosted uranium 
deposits similar to A-Cap's Letlhakane deposit (365Mlbs) to the immediate 
south-east. The uranium is hosted in near flat-lying geology and would be 
mineable as open-pit, low-cost, heap-leachable mines. 
 
Jwaneng Diamond Project 
 
The Jwaneng Diamond Project is comprised of two contiguous licences covering 
157 km2 to the immediate north of De Beers Group's Jwaneng diamond mine, 
reputedly the world's richest diamond mine. 
 
Eastport Ventures' exploration programme will test the Kgare kimberlite for 
diamonds by drill, collecting a two-tonne sample. Kgare has impressive 
diamond-related features including a garnet population with +10% G10 and a +19% 
mantle-sourced chromite population. The indicator chemistry plus a >7 Ha 
surface area combine to present what could prove an exciting commercial 
opportunity. 
 
Eastport Ventures' programme will "lift" approximately five tonnes for diamond 
recovery in 2021, with all required drilling permits being in place. 
 
Active Prospecting Licence ("PL") Applications 
 
Additionally, Eastport Ventures has submitted a number of PL Applications 
targeting licences that have a combination of, pre-existing exploration and 
highly prospective geology for nickel,copper and platinum group metals. 
 
Eastport Ventures: Investment Division 
 
Investments Include: Premium Nickel Resources Corporation 
 
Eastport Ventures owns 2,750,000 shares of Premium Nickel Resources Corporation 
("PNR"), representing 3.74% of that company. 
 
PNR is a company dedicated to the exploration and development of high-quality 
nickel-copper-cobalt (Ni-Cu-Co) resources. PNR is led by a skilled team with 
strong financial, technical, and operational expertise to take an asset from 
discovery through exploration to mining. 
 
PNR has focused its efforts on discovering world-class nickel sulphide assets 
in jurisdictions with rule-of-law that fit strict criteria within PNR's values 
and principles, which conform to the highest acceptable industry standards. 
 
The following statement, to which a link is also provided, was released last 
month by Premium Nickel Resources Corporation - PNR Press Release: 
 
"Toronto, Ontario, February 16, 2021 - Premium Nickel Resources ("PNR") is 
pleased to announce that it has been selected as the preferred bidder for the 
Botswana nickel-copper-cobalt ("Ni-Cu-Co") assets formerly operated by BCL 
Limited ("BCL"), and currently in liquidation. 
 
In June 2020, PNR submitted an indicative offer to the BCL Liquidator to 
acquire the former producing Selebi-Phikwe, Tati Phoenix and Selkirk Mines as 
well as regional exploration joint ventures on highly prospective Ni-Cu-Co 
projects located in Botswana. 
 
On February 10, 2021 the Honourable, Moagi Lefoko, the Minister of Mineral 
Resources, Green Technology and Energy Security of Botswana, affirmed in 
Parliament the press release by the Liquidator for the BCL Group of Companies, 
stating that PNR was selected as the preferred bidder to acquire the assets 
formerly owned by BCL. This announcement follows an independent technical 
evaluation on behalf of the Liquidator, and a review by the Government of 

Botswana, over the last seven months. 
 
PNR would like to thank the Minister of Mineral Resources, Green Technology & 
Energy Security, Botswana for publicly announcing that PNR was being awarded 
the Preferred Bidder status last week, as has been widely reported in the 
global media. PNR will now complete the documentation with the Liquidator to 
govern the six-month exclusivity period to complete due diligence on these 
assets. During the exclusivity period, PNR will negotiate definitive agreements 
to finalize terms on the prioritized assets to be purchased. 
 
PNR continues to monitor the global Covid-19 developments and is committed to 
working with health and safety as a priority and in full respect of all 
government and local Covid-19 protocol requirements. PNR has developed Covid-19 
travel, living and working protocols in anticipation of moving forward to on 
site due diligence and is integrating these protocols with those of The 
Government of Botswana and surrounding communities." 
 
A link to a Corporate Presentation by Eastport Venturesmay be found here. A 
link will also shortly be made available on Evrima's website 
 
3. Investment Memorandum 
 
Evrima plc has entered into a Non-Binding Investment Memorandum ("IM") with 
Eastport Ventures along terms outlined below: 
 
Period of Exclusivity ("PoE") 
 
Evrima plc shall be granted a 30-day period of exclusivity, enabling the 
Company's Directors and advisers to consider terms of investment, complete 
adequate due diligence (including third-party review by independent advisers 
including, but not limited to, Competent Persons qualified under JORC and NI 
43-101) and to evaluate the broader capital market demand for investments in 
companies of the character of Eastport Ventures. 
 
Investment Decision 
 
Should the outcome of the Company's due diligence during the PoE described 
above be satisfactory, the Company shall arrange to proceed with a cornerstone 
investment in Eastport Ventures prior to the latter company commencing the 
process of a public listing. 
 
4. Related Party Disclosures 
 
,Burns Singh Tennent-Bhohi is a Director and shareholder of Evrima and the 
Chief Executive Officer/Co-Founder and a shareholder of Eastport Ventures, Mr 
Guy Miller is a Director and shareholder of Evrima and a shareholder of 
Eastport Ventures. 
 
Mr Rick Bonner, who holds in excess of 3% of Evrima, is also a shareholder and 
director of Eastport Ventures. Mr Simon Bate who holds in excess of 3% of 
Evrima, is also a shareholder and Eastport Ventures' local Director in, 
Botswana. 
 
5. Simon Grant-Rennick, Evrima Executive Chairman's, Statement 
 
"Evrima is consistently reviewing opportunities where it can leverage its 
experience and investment capital while avoiding operational funding 
liabilities. The Company is seeking to assume substantive positions in 
businesses that have defined the future route to a liquidity event. 
 
Eastport Ventures represents a company that has been patient in amassing a 
basket of assets that have benefitied from a tremendous amount of past capital 
investment but subsequenty been "orphaned" owing to global commodity market 
conditions. 
 
I look forward to providing updates to shareholders and the wider market." 
 
Evrima plc, 
 
24th March 2021 
 
The Directors of the Company, who have issued this RIS announcement after due 
and careful enquiry, accept responsibility for its content. 
 
Enquiries 
 
Company: 
 
Simon Grant-Rennick (Executive Chairman) 
simon@evrimaplc.com 
 
Burns Singh Tennent-Bhohi (Chief Executive Officer & Executive Director) 
burns@evrimaplc.com 
 
Guy Miller (Non-Executive Director) 
Direct Office Line: +44 (0) 20 3778 0755 
 
Keith, Bayley, Rogers & Co Limited (AQSE Corporate Adviser) 
Graham Atthill-Beck: +44 (0) 20 7464 4091; +44 (0) 7506 43 41 07; +971 (0) 50 
856 9408; Graham.Atthill-Beck@kbrl.co.uk ; blackpearladvisers@gmail.com 
 
Peterhouse Capital Limited (Corporate Stockbroker): 
Lucy Williams: +44 (0) 20 7469 0930 
Duncan Vasey: +44 (0) 20 7220 9797 (Direct) 
 
 
 
END 
 
 

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