Flinders Announces Filing of Ni 43 – 101 Technical Report
NEWS RELEASE May 12, 2015
FLINDERS ANNOUNCES FILING OF NI 43 – 101 TECHNICAL REPORT
Vancouver, Canada ‐ 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
For more information contact:
Seema Sindwani +1 647.478.3017 [email protected]
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 ‐ 2 –
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.