Big day yesterday. Any comments?

KAR Looking interesting. Hopefully a BRIGHT future.

KAR Steady as she goes.

KAR Would be nice to start the week with a little jump.

KAR. Let’s continue here today.

KAR. Day of rest?

KAR Would be great to keep the upward move going here today. Latest news looks like a long slow climb to the end of the year. IMO. Any thoughts out there?

KAR. Good day today. $1 + on Tuesday. Great upside here.

KAR. Time for a run.

KAR. Nice move this morning. Hopefully something is happening here and we can keep upward move.

KAR. Is alive today

Just added some shares. Anybody out there with some information tidbits about KAR? Company seems to hold their cards close to their vest.

NEWS http://www.karmin.com/karmin-sells-peruvian-assets-to-subsidiary-of-vi-mining/

Thanks MWM. I'm thinking the same. This should soon be an active mine, hopefully.

I don't have any at the moment but keeping an eye on it!

Buy good dips is about the only advice I would have!

MWM You still in this stock? Any advice?

KARMIN ENGAGES FINANCIAL ADVISOR TO REVIEW STRATEGIC ALTERNATIVES

TORONTO, Ontario, April 5, 2018 – Karmin Exploration Inc. (“Karmin” or the “Company”) (TSXV and the Lima Stock Exchange: KAR) is pleased to announce the Company is undertaking a review of strategic alternatives with respect to its 30% carried interest in the Aripuanã Zinc Lead Copper Silver Project (“Aripuanã” or the “Project”). The range of strategic alternatives under consideration will include financing alternatives for its participation in the development of Aripuanã or such other value enhancing alternatives as a corporate sale or the sale of all or a material portion of Karmin’s assets. In connection with its strategic review the Company has engaged CIBC World Markets Inc. (“CIBC”) to act as its exclusive financial advisor.

Karmin has a 30% carried interest in Aripuanã and is not required to contribute to the Project costs until one year after the completion of a feasibility study and notification from Nexa Resources S.A. (“Nexa”) that the development of Aripuanã will proceed. SNC Lavalin has been contracted to develop a feasibility study, which is expected to be completed in the second half of 2018. Nexa directly and indirectly owns approximately 70% of Aripuanã.

Recent progress at Aripuanã includes;

2017 expenditures by Nexa totalling US$12.2 million with;
US$5.7 million spent on approximately 26,600 metres of infill drilling plus 2,371 metres of exploration drilling in surrounding areas and
US$6.5 million on engineering, environmental and geo-mechanical studies.
Karmin understands that an update to the mineral resource dated December 23, 2016 is expected in the second quarter of 2018.
Additional engineering work has been completed by Worley Parsons and other engineering firms supporting the capital cost estimate and optimizing the mine plan presented in the Preliminary Economic Evaluation (“PEA”) dated July 31, 2017 all as further outlined in Karmin’s press release dated September 28, 2017. The PEA detailed the development of a 5,000 tonne per day mining operation with a mine life of 24 years based, in part, on inferred resources producing approximately;
2.3 billion lbs. payable zinc
1.0 billion lbs. payable lead
223,000,000 lbs. payable copper
23,600,000 oz. payable silver and
529,000 oz. payable gold.
Estimated 2018 expenditures to advance Aripuanã total US$25.5 million and include;
Exploration; US$5.5 million and
Capital expenditures; US$20 million.
Aripuanã


Aripuanã is owned by Mineração Dardanelos Ltda., a joint venture between Nexa (which holds a 63.3% interest), Compañía Minera Milpo S.A.A., a subsidiary of Nexa (which holds a 7.7% interest) and Mineração Rio Aripuanã Ltda., a subsidiary of Karmin (which holds the remaining 30%). Aripuanã is an underground polymetallic project containing zinc, lead and copper, with an anticipated mine life of 24 years and a projected start date in 2020. As set out in the PEA, the estimated aggregate capital expenditure required for the Project is US$354.3 million. It is currently estimated that Aripuanã, if and when it is fully developed and begins operation, could produce an annual average of approximately 51.0 thousand tonnes of zinc in concentrate, 20.0 thousand tonnes of lead in concentrate, 4.0 thousand tonnes of copper in concentrate, 1.0 million ounces of silver and 25.0 thousand ounces of gold over a 24-year life of mine.

Aripuanã is located in the State of Mato Grosso, Brazil, exhibiting characteristics of a Volcanogenic Massive Sulfide, or VMS, deposit similar to those found at Cerro Lindo. The PEA disclosed the details of the possible development of an operation with 5,000 tpd ore mining and processing capacity. The environmental impact study for the Project has been submitted to the SEMA/MT and is expected to be in its approval phase by the second quarter of 2018. Nexa has a strong track record of mine development and expansion in Peru and Brazil including the modular expansion of Cerro Lindo’s processing capacity from an original 5,000 tonnes per day to the current capacity of 21,000 tonnes per day.

Outlook


Mineral exploration activities continue to identify mineralized deposits in Aripuanã. The results from these activities indicate there is the potential to increase the mineral resources in the Project, supporting continued investment in mineral exploration activities in Aripuanã. In particular, the large resource base in the Project indicates the potential for a long mine life of up to 24 years. Exploration has identified the potential for incremental resource expansion at Arex, Link, Ambrex and Babaçu. In order to execute this expansion, a 26,600 meter infill drill program was completed in 2017 focused on resource growth and 2,371 meters of exploration drilling was completed in surrounding areas. Geological mapping and preliminary exploration activities have helped identify additional, potentially mineralized bodies at Massaranduba, Boroca, Mocoto and Arpa.

About Karmin

The common shares of Karmin are listed on the TSX Venture Exchange and the Lima Stock Exchange and trade in both markets under the symbol “KAR”. The principal business of Karmin is to acquire, explore and develop resource properties.

For further information please contact:

David Brace
Chief Executive Officer
Email: davidbrace@karmin.com
Tel: (416) 367-0369

John Iannozzi
Chief Financial Officer
Email: johni@karmin.com
Tel: (519) 337-5302

KAR give me a BIG UP day.

Big things coming here. I'm sitting tight on this one!

Brazil's Nexa mulls Asia office to tap China zinc market: CEO
Marta Nogueira
NOVEMBER 23, 2017 / 2:21 PM / UPDATED 19 HOURS AGO

RIO DE JANEIRO (Reuters) - Brazilian miner Nexa Resources Inc will likely decide this year to open a sales office in Asia as it looks to grow its customer base in China and the region, its chief executive told Reuters on Thursday.

Nexa, a top-five global zinc producer, sees opportunities to sell more zinc and copper in China as the country rolls back its own production in a bid to reduce air pollution, Tito Martins said in an interview, less than a month after the company’s $496 million initial public offering.

“Entering the Asian market has been a challenge for us,” said Martins, former chief financial officer of mining giant Vale SA. “It is very likely that we will decide to open a commercial office in the region.”

Martins said there had been a lack of zinc concentrate in the market and expects global prices for the commodity to remain at or above their current levels for the next two years.

Zinc prices are currently around $3,200 per tonne, highs last seen in 2007.

Nexa’s capital spending next year is likely to be in line with 2017 at around $200 million, Martins said, although the company has yet to set official targets.

Its main focus is opening its Aripuana zinc mine in Brazil by 2020 and Shalipayco mine in Peru by 2021, he said, along with improving the capacity of existing Peruvian operations.

The company does not rule out growth through acquisitions, although it is not considering any deals at the moment, he said.

Earlier this month, Nexa posted its first financial results since the IPO, with third-quarter net income rising 67 percent from a year earlier to $81 million.

KAR Any chatter?

KAR..waiting for another BIG UP.....

KAR.V moving nicely today on decent volume!

You have to figure this mine is worth at least $1 Billion, Karmin owns 30%, I think we get $5 worth of NEXA stock in the near future...

If you look at the chart, notice how she usually returns to the 20 day MA

Safe Zone

I'm just going to sit on this baby until she gets bought out. NEXA, my guess will make a bid sooner or later...

We ran up into the NEXA IPO, now it is pulling back. Sitting at the 20 day MA and looking good imo.

Can someone please explain to me why the big increase in pps and now the big drop.

KAR big swing in pps today.

I think she gets bought out quickly, NEXA IPO went well, money is in the bank to Fund Auripuna!

$5-$10 is in the realm of reason imo!

Watching KAR since it was .50 Finally jumped in today. Great potential here, don't know why I waited so long. Run Baby Run. Lots of uptick IMHO.

https://mlaem.fs.ml.com/content/dam/ML/ipo/equity_new_issues/RED2_NEXA.PDF

Nexa Resources S.A. (NEXA) Plans to Raise $604 Million in October 27th IPO

Posted by Stefani Robinson on Oct 23rd, 2017 // No Comments
Nexa Resources S.A. logo IPONexa Resources S.A. (NEXA) is planning to raise $604 million in an initial public offering on Friday, October 27th, IPO Scoop reports. The company will be issuing 31,000,000 shares at a price of $18.00-$21.00 per share.

In the last 12 months, Nexa Resources S.A. generated $2.1 billion in revenue and $31.4 million in net income. Nexa Resources S.A. has a market cap of $2.6 billion.

J.P. Morgan, BMO Capital Markets, Morgan Stanley and Credit Suisse served as the underwriters for the IPO and BofA Merrill Lynch, Citigroup, Scotiabank, Bradesco BBI, Credicorp Capital, ABN AMRO, Banco do Brasil Securities, Macquarie Capital, MUFG, National Bank of Canada Financial Markets and RBC Capital Markets were co-managers.

Nexa Resources S.A. provided the following description of their company for its IPO: “We are a large-scale, low-cost integrated zinc producer with over 60 years of experience developing and operating mining assets in Latin America. We operate and own five long-life underground mines, three located in the Central Andes of Peru and two located in the state of Minas Gerais in Brazil. Our operations are large-scale, modern, mechanized underground and open pit mines. Two of our mines, Cerro Lindo in Peru and Vazante in Brazil, are among the 12 largest zinc mines in the world, and, combined with our other mining operations, place us among the top five producers of mined zinc globally in 2016, according to Wood Mackenzie. In addition to zinc, which accounted for 64.0% of our mined metal production in 2016 measured on a zinc equivalent basis, we produce substantial amounts of copper, lead, silver and gold as byproducts, which reduce our overall cost to produce mined zinc. According to Wood Mackenzie in 2016, on a standalone basis, the overall Cash Cost C1 of our mining operations was in the second quartile of the global cost curve for mined zinc. “.

Nexa Resources S.A. was founded in 1938 and has 5387 employees. The company is located at 26-28 rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg, and can be reached via phone at +352 26 00 53 43. or on the web at http://www.nexaresources.com.

Nexa Resources S.A. (NEXA) will issue 31 million shares between $18 and $21 Friday on the New York Stock Exchange. Based in Luxembourg, Nexa Resources develops and manages zinc, copper, lead, silver and gold mining operations in Latin America.

Karmin is going to explode here.

Buyout coming! Maybe $5-10 very possible imo!

Monster in the making here!

Karmin Exploration : files Aripuanã PEA and Examines Strategic Alternatives

10/19/2017 | 09:22am EDT
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

October 19, 2017 - Preliminary Economic Assessment ('PEA') of Karmin Exploration Inc.'s ('Karmin') 30% owned Aripuanã Zinc Lead Silver Project ('Aripuanã') filed on SEDAR and on the Karmin website as http://www.karmin.com/wp-content/uploads/2017/10/RPA-Karmin-VMH-Aripuana-Zinc-NI-43-101-Report-Oct-16-2017.pdf .

The PEA outlines;
the initiation of mining at Aripuanã in 2020 with a mine life of 24 years.
production of 1.8 million tonnes per year (5,000 tonnes per day) will process 37 million tonnes from the measured and indicated resources of 21.8 million tonnes and the inferred resources of 24.6 million tonnes.
pre-production capital costs totaling US$354 million.
using life of mine metal prices of US$1.06/lb. Zn, US$0.88/lb. Pb, US$2.74/lb. Cu, US$18.95/oz. Ag, and US$1,278/oz. Au, Aripuanã's economics are:
pre-tax IRR of 19%,
US$461 million pre-tax NPV at 7% discounting,
after-tax IRR of 17% using a 34% tax rate, and
US$321 million after-tax NPV at 7% discounting.
Project Sensitivity; a 10% increase in the metal prices or head grades increases the NPV by approximately 75%. The current market prices for zinc, lead and copper are significantly higher than the prices used in the PEA.
The PEA is based upon a mineral resource dated December 23, 2016 but Nexa Resources S.A. ('Nexa' *) has identified incremental resource expansion which will be executed with an additional 15,000 meter drill program in 2017. The current resources are based on the results from 533 drill holes totalling 142,080 meters.
Nexa; (70% owner of Aripuanã) filed a prospectus on October 10, 2017 for listing on the NYSE & TSX that indicates;
targeted completion of a feasibility study for Aripuanã in the second quarter of 2018, and
approximately US$209 million of the net proceeds from the sale of Nexa common shares will be used to advance development of Aripuanã of which US$59 million will be used in 2018 and US$150 million in 2019.
Financing & Strategic Review; Karmin is advancing discussions with several mining capital groups to arrange the financing for its participation in the development of Aripuanã as outlined by Nexa. Karmin is also reviewing strategic alternatives with the purpose of enhancing shareholder value through a corporate sale or the sale of all or a material portion of Karmin's assets.
Karmin has a 30% carried interest in Aripuanã and is not required to contribute to the project costs until one year after the completion of a feasibility study and notification from Nexa that the development of Aripuanã will proceed.
Karmin has commercial rights proportional to its 30% interest in Aripuanã's lead, copper silver and gold production. Nexa has rights of first refusal on Karmin's 30% of the zinc production. As part of its strategic alternatives Karmin would consider the use of its participation rights on the silver and gold production to provide flexibility to potentially raise capital in the form of stream financing for future funding requirements and/or maximizing Karmin shareholder's value.
TORONTO, Ontario, October 19, 2017 - Karmin Exploration Inc. ('Karmin') (TSXV and the Lima Stock Exchange: KAR) is pleased to announce the filing on October 19, 2017 of a NI 43-101 PEA on Aripuanã, 30% owned by Karmin. The PEA was prepared by RPA Inc. ('RPA') and is available on SEDAR under Karmin's profile or http://www.karmin.com/wp-content/uploads/2017/10/RPA-Karmin-VMH-Aripuana-Zinc-NI-43-101-Report-Oct-16-2017.pdf. Karmin had previously announced the filing of the PEA by Nexa in its release dated September 28, 2017.

Nexa indirectly owns 70% of Aripuanã and is a company controlled by Votorantim S.A. Nexa has filed a registration statement on Form F-1 in the United States and a preliminary long form prospectus in Canada in connection with a proposed initial public offering and the proposed listing of Nexa's shares on the New York Stock Exchange and the Toronto Stock Exchange.

David Brace, Karmin's CEO commented; 'the release of the Aripuanã PEA highlights the value of this asset to Karmin and consequently the Company is reviewing all strategic alternatives to maximize its value to Karmin's shareholders.'

Aripuanã

The Aripuanã project is owned by Mineração Dardanelos Ltda., a joint venture between Nexa (which holds a 63.3% interest), Milpo (which holds a 7.7% interest) and Mineração Rio Aripuanã Ltda., a subsidiary of Karmin Exploration Inc. (which holds the remaining 30%). Aripuanã is an underground polymetallic project containing zinc, lead and copper, with an anticipated mine life of 24 years and a projected start date in 2020. The estimated aggregate capital expenditure required for this project is US$354.3 million. It is currently estimated that the Aripuanã project, if and when it is fully developed and begins operation, could produce an annual average of approximately 51.0 thousand tonnes of zinc in concentrate, 20.0 thousand tonnes of lead in concentrate, 4.0 thousand tonnes of copper in concentrate, 1.0 million ounces of silver and 25.0 thousand ounces of gold over a 24-year life of mine.

Aripuanã is an underground polymetallic project located in the State of Mato Grosso, Brazil, exhibiting characteristics of a Volcanogenic Massive Sulfide, or VMS, deposit similar to those found at Cerro Lindo. During 2016 and 2017, the Worley Parsons Company was engaged to develop a conceptual engineering study on development of an operation with 5,000 tpd ore mining and processing capacity. The environmental impact study for this project has been submitted to the SEMA/MT and is expected to be in its approval phase by the second quarter of 2018.

Nexa has a strong track record of mine development and expansion in Peru and Brazil including the modular expansion of Cerro Lindo's processing capacity from an original 5,000 tonnes per day to the current capacity of 21,000 tonnes per day.

Outlook

Mineral exploration activities continue to identify mineralized deposits in the Aripuanã project. The results from these activities indicate there is the potential to increase the mineral resources in the Aripuanã project, supporting continued investment in mineral exploration activities in the project. In particular, the large resource base in the project indicates the potential for a long mine life of up to 24 years. Exploration has identified incremental resource expansion at Arex, Link, Ambrex and Babaçu. In order to execute this expansion, a 15,000 meter drill program is planned in 2017 focused on resource growth. Geological mapping and preliminary exploration activities have helped identify additional, potentially mineralized bodies at Massaranduba, Boroca, Mocoto and Arpa. It may also be possible to selectively mine areas containing high-grade ore during the early years of the life of mine to improve capital returns. It is intended that trade-off studies will be carried out related to the mineral process in order to better identify the potential of the Aripuanã project.

Option Grant

Karmin also announces that it has granted to certain directors, officers and consultants of Karmin an aggregate total of 1,000,000 incentive stock options at the exercise price of $0.94 per share for a period of five (5) years from the date of issue, being October 19, 2017.

About Karmin

The common shares of Karmin are listed on the TSX Venture Exchange and the Lima Stock Exchange and trade in both markets under the symbol 'KAR'. The principal business of Karmin is to acquire, explore and develop resource properties.

Aripuanã

Aripuanã covers an 820 square kilometre mineralized massive-sulphide district that includes five areas of mineralization (Ambrex, Arex, Babacu, Massaranduba and Mocoto) over a 25-kilometre strike length. Votorantim owns the remaining 70% of Aripuanã but is responsible for 100% of the project costs until 12 months after the completion of a feasibility study.

The summary of the resource estimate at Aripuanã is outlined in Table 1. This summary is detailed in the PEA prepared by RPA which conforms to NI 43-101 Standards of Disclosure for Mineral Projects and is dated July 31, 2017. To the best of the Karmin's knowledge, information, and belief, there is no new material scientific or technical information that would make the results of the PEA inaccurate or misleading. The PEA is preliminary in nature and includes Inferred Mineral Resources that are too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. There is no certainty that PEA results will be realized. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

Grade Contained Metal
Tonnage Zn Pb Cu Au Ag Zn Pb Cu Au Ag
Mt % % % g/t g/t M lb M lb M lb K Oz M Oz
Stratabound
Measured 8.6 5.88 2.16 0.19 0.23 52.65 1,109.0 407.1 36.0 64.2 14.5
Indicated 9.8 5.38 2.03 0.09 0.25 47.83 1,160.8 437.2 18.7 79.5 15.0
Measured and Indicated 18.3 5.61 2.09 0.14 0.24 50.08 2,269.9 844.3 54.7 143.7 29.5
Inferred 13.2 7.20 2.80 0.10 0.38 62.50 2,099.7 815.4 29.4 162.7 26.6
Stringer
Measured 2.3 0.28 0.12 1.54 1.18 17.61 14.4 6.3 78.5 87.8 1.3
Indicated 1.2 0.11 0.05 0.97 1.28 11.21 2.7 1.4 24.5 47.5 0.4
Measured and Indicated 3.5 0.22 0.10 1.35 1.21 15.49 17.2 7.7 103.1 135.3 1.7
Inferred 11.4 0.08 0.05 0.78 1.55 9.31 19.3 13.5 197.0 569.7 3.4
Total
Measured 10.9 4.68 1.72 0.48 0.43 45.18 1,123.5 413.5 114.6 152.0 15.8
Indicated 10.9 4.83 1.82 0.18 0.36 43.97 1,163.6 438.6 43.2 127.0 15.5
Measured and Indicated 21.8 4.76 1.77 0.33 0.40 44.58 2,287.0 852.0 157.8 279.0 31.3
Inferred 24.6 3.90 1.53 0.42 0.93 37.88 2,119.0 829.0 226.4 732.4 30.0
Notes:

CIM definitions were followed for Mineral Resources.
Mineral Resources are reported using a US$46/t Net Smelter Return (NSR) block cut-off value for stratabound material and a US$42/t Net Smelter Return (NSR) block cut-off value for stringer material.
The NSR is calculated based on US$1.26 per lb Zn, US$1.01 per lb Pb, US$3.08 per lb Cu, US$1,471 per ounce Au, and US$21.80 per ounce Ag.
Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
Numbers may not add due to rounding.
Other Assets

Karmin also owns 100% of the Aripuanã Gold Project, which encompasses the gold and silver mineralization associated with near-surface oxidized portions of numerous massive sulphide deposits in the 820 square kilometre Aripuanã Zinc Project in north-western Brazil.

Karmin owns 100% of the 25 square-kilometre Cushuro Gold Project located in the world-class Alto Chicama gold-mining district of northern Peru.

Qualified Person

The technical information disclosed in this press release has been reviewed by Mr. Jason J. Cox P.Eng., an employee of RPA and independent of Karmin. Mr. Jason J. Cox P.Eng. has read and approved the contents of this press release as it pertains to the disclosed technical information.

For further information please contact:

David Brace
Chief Executive Officer
Email: davidbrace@karmin.com
Tel: (416) 367-0369

John Iannozzi
Chief Financial Officer
Email: johni@karmin.com
Tel: (519) 337-5302

This is really going to be a billion dollar company one day imo!

https://globenewswire.com/news-release/2017/09/28/1134293/0/en/Karmin-s-JV-Partner-Votorantim-releases-Aripuan%C3%A3-PEA-as-part-of-share-listing-filing-on-TSX-NYSE.html

Nice move today! in from .80!

Glad I added yesterday, largest volume day ever I believe...

Wow Massive volume Yesterday!

Finally bought in today, got some KRMEF shares for .80!

I should have held this one to infinity...

https://www.ft.com/content/c7dac00e-ffcc-3d50-a023-a0069442ebc8


Brazilian miner Votorantim Metais files for New York, Toronto IPO

7 HOURS AGO by Andres Schipani
Brazilian miner Votorantim Metais Holding on Thursday filed for an initial public offering in New York and Toronto.

The securities filing did not specify what valuation it was aiming for, but it said the net proceeds from the offering will go to the controlling shareholder, the Brazilian industrial conglomerate Votorantim, whose business interests span from zinc and cement to orange juice.

Votorantim Metais extracts copper and zinc through operations in Brazil and in neighbouring Peru.

The company added it wants to use some $209m from whatever the proceeds are to speed up the development of the Aripuanã greenfield project in Brazil’s Mato Grosso. Another $93m would go to an extension of the Vazante mine in Minas Gerais and $23m to improve the smelter’s zinc recovery rate in Cajamarquilla, Peru

KARMIN ANNOUNCES SIGNIFICANTLY INCREASED GRADES AT ARIPUANÃ IN UPDATED NI 43-101 RESOURCE ESTIMATE

Toronto, Ontario, March 6, 2017 – Karmin Exploration Inc. (“Karmin”) (TSXV and the Lima Stock Exchange: KAR) is pleased to announce the filing of a technical report (the “Report”) which supports the updated mineral resources located at Karmin’s 30% owned Aripuanã Zinc-Lead-Silver Project (“Aripuanã”). The Report was prepared by RPA Inc. (“RPA”) and summarizes the results of significantly increased grades of zinc, lead and silver including 18.6 million tonnes of measured and indicated mineral resources (zinc grade +31%, lead grade +40%, silver grade +39%) plus 15.5 million tonnes of inferred mineral resources (zinc grade +12%, lead grade +20%, silver grade +30%). The increases in grades are compared to those reported in Karmin’s press release dated February 21, 2013. The updated mineral resources were estimated by Votorantim Metais (“Votorantim”) and reviewed by RPA.

Karmin Announces Developments at the Aripuanã Zinc Project
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

November 16, 2016 08:15 AM Eastern Standard Time
TORONTO--(BUSINESS WIRE)--Karmin Exploration Inc. (“Karmin”) (TSXV and the Lima Stock Exchange: KAR) is pleased to report significant progress at the Aripuanã Zinc Project (“Aripuanã”) located in north-western Brazil. Karmin has a 30% carried interest in Aripuanã until 12 months after the delivery of a feasibility study.

2016 Work Program

The very extensive 2016 work program at Aripuanã continues with the following activities;

Seven surface drill rigs have been operating for several months with the objective of completing approximately 22,000 metres of diamond drilling during 2016. The primary target has been the “LINK ZONE” that lies between the AREX and AMBREX zones. The latter two zones contain 19.1 million tonnes of measured and indicated resources and 14.7 million tonnes of inferred resources (Table 1). To date, over US$50 million has been spent by Karmin's partners on developing Aripuanã including the completion of approximately 165,000 metres of drilling in over 500 diamond drill holes of which over Cdn$15 million has been spent during the past 3 years.
As previously reported (Karmin press release dated November 17, 2015) Karmin has engaged RPA Inc. to update the Mineral Resources and prepare a Technical Report at Aripuanã in accordance with the requirements set out in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). Karmin anticipates that RPA Inc. will complete this work early in 2017 which will include the results of the drilling on the LINK ZONE.
Engineering studies conducted by Worley Parsons Ltd. and other consultants, retained by Karmin's partners, have been evaluating capital cost estimates and mine plans, assessing portal development for mine access, flow sheet optimization, tailings disposal, road conditions, bridge requirements, transmission line trade offs and concentrate shipment routes.
Social and environmental work has included acquisition of land required for mine site development, updates for an environmental impact study, indigenous peoples studies and archaeological evaluations.
Corporate Developments with Aripuanã’s Owners

Compañía Minera Milpo S.A.A. (“Milpo”) (Lima Stock Exchange: MILPOC1) and Votorantim Metais Zinc S.A. (“Votorantim”) jointly own 70% of Aripuanã and are responsible for 100% of expenditures until 12 months after the delivery of a feasibility study. Under the terms of the Contract of Association, the feasibility study must be in a form acceptable to lending organizations for the purpose of raising financing, preferably as project finance on a limited recourse basis.

On April 12, 2016 it was reported that Votorantim Metais–Cajamarquilla S.A. purchased 20.17% of Milpo through the facilities of the Lima Stock Exchange thereby increasing its controlling stake in Milpo to 80.24%.

On November 30, 2016 Milpo is to have a shareholders’ meeting to vote on a motion to delist its shares from the Lima Stock Exchange. If this motion is carried Karmin will be the only public company exposed to the future developments of Aripuanã.

About Karmin

The common shares of Karmin are listed on the TSX Venture Exchange and the Lima Stock Exchange and trade in both markets under the symbol “KAR”. The principal business of Karmin is to acquire, explore and develop resource properties.

Karmin owns 30% of Aripuanã, one of the ten largest undeveloped zinc projects in the world. Aripuanã covers an 820 square kilometre mineralized massive-sulphide district that includes five areas of mineralization (Ambrex, Arex, Babacu, Massaranduba and Mocoto) over a 25-kilometre strike length. Votorantim and Milpo own the remaining 70% of Aripuanã, but are responsible for 100% of the project costs until 12 months after the completion of a feasibility study.

The Summary of Mineral Resources at Aripuanã is outlined in Table 1. This summary is detailed in a Technical Report prepared by RPA Inc. which conforms to NI 43-101 Standards of Disclosure for Mineral Projects and is dated January 29, 2013 (see Karmin press release dated February 21, 2013).

Hi GLad to see someone else is following. This has come a long way since Aurominos in the late 90's. I think that they are getting close to disclosure and Bank Feasability Study to go forward. Seems like a few are informing others that it is time to get on board for the ride. Long time to become an overnight success .

Someone has been buying glad you posted.

Price of zinc has been flying, I'm sure that is helping...

So.......what's going on here today? Anyone with some insight?

Sept 15th 2015 latest Financial Report KAR
http://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00002154

Something happening here . Up from 20cts mid February. Maybe an RNS soon?

Time to start posts for 2014. Any interest in this stock?