VANCOUVER, May 12, 2015 /CNW/ - Flinders Resources
Limited ("Flinders" or the "Company") (TSXV: FDR) announces
that the Company has filed on SEDAR the National Instrument 43-101
Technical Report (the "NI 43-101 Technical Report") in
support of the Company's news release dated April 29, 2015. The NI 43-101 Technical
Report provides results of a near three-time expansion of flake
graphite mineral resources at the Company's 100% owned Woxna
graphite project in Sweden
effective March 24, 2015 (see news
release dated April 29, 2015).
The NI 43-101 Technical Report was prepared by Geoffrey Charles Reed of Reed Leyton
Consulting.
The NI 43-101 Technical Report is available for review under the
Company's profile on SEDAR at http://www.sedar.com and on the
Company's website at www.flindersresources.com
On behalf of the Board,
"Blair Way"
Blair
Way, President and CEO
Forward-Looking Information
Certain information in this news release may constitute
forward-looking statements or forward-looking information within
the meaning of applicable securities laws (collectively,
"Forward-Looking Statements"). All statements, other than
statements of historical fact that address activities, events or
developments that the Company believes, expects or anticipates will
or may occur in the future are Forward-Looking Statements.
Forward-Looking Statements are often, but not always, identified by
the use of words such as "seek," "anticipate," "believe," "plan,"
"estimate," "expect," and "intend" and statements that an event or
result "may," "will," "can," "should," "could," or "might" occur or
be achieved and other similar expressions. Forward-Looking
Statements are based upon the opinions and expectations of the
Company based on information currently available to the Company.
Forward-Looking Statements are subject to a number of factors,
risks and uncertainties that may cause the actual results of the
Company to differ materially from those discussed in the
Forward-Looking Statements including, among other things, the
Company has yet to generate a profit from its activities; there can
be no guarantee that the estimates of quantities or qualities of
minerals disclosed in the Company's public record will be
economically recoverable; uncertainties relating to the
availability and costs of financing needed in the future;
competition with other companies within the mining industry; the
success of the Company is largely dependent upon the performance of
its directors and officers and the Company's ability to attract and
train key personnel; changes in world metal markets and equity
markets beyond the Company's control; mineral resources are, in the
large part, estimates and no assurance can be given that the
anticipated tonnages and grades will be achieved or that the
indicated level of recovery will be realized; production rates and
capital and other costs may vary significantly from estimates; the
Company's preliminary economic assessment is no longer current or
valid and the Company has no plans to complete a new preliminary
economic assessment, a pre-feasibility or feasibility study on the
project, as a result there is an increased risk of technical and
economic failure for the Woxna graphite project; unexpected
geological conditions; delays in obtaining or failure to obtain
necessary permits and approvals from government authorities; all
phases of a mining business present environmental and safety risks
and hazards and are subject to environmental and safety regulation,
and rehabilitation and restitution costs; the Company does not
maintain insurance against environmental risks; and management of
the Company have experience in mineral exploration but may lack all
or some of the necessary technical training and experience to
successfully develop and operate a mine. Although the Company
believes that the expectations reflected in the Forward-Looking
Statements, and the assumptions on which such Forward-Looking
Statements are made, are reasonable, there can be no assurance that
such expectations will prove to be correct. Readers are cautioned
not to place undue reliance on Forward-Looking Statements, as there
can be no assurance that the plans, intentions or expectations upon
which the Forward-Looking Statements are based will occur.
Forward-Looking Statements herein are made as at the date hereof,
and unless otherwise required by law, the Company does not intend,
or assume any obligation, to update these Forward-Looking
Statements.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
the accuracy of this news release.
SOURCE Flinders Resources Limited