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Ringbolt Ventures Ltd | Company Profile

Ringbolt Ventures Ltd, (RBV-TSX.V - 30Z FTW) is a junior resource company whose primary focus is to acquire and develop assets in the agricultural sector.
The company has recognized the need for agricultural products that by all accounts will stay fundamentally robust for the forseeable future, due to the forever increasing population of the world and the strong demand from the biofuel industry. The total production in 2007, for all the Potash producers in the United States, only accounted for 12% of the countries' consumption, and the balance (88%) had to be imported from other producing countries.

Favorable Utah Location
- According to the USGS Utah's Paradox Basin potentially holds 2 billion tons of potash
- Infrastructure in place and ample water supply
- close to domestic end users and target markets

First Junior/Developer in Paradox Basin
- Prospecting and Exploration Permits less than 20 miles from Intrepid's operating potash mine.
- Acces to more historical data than comparable Saskatchewan juniors.

Potential Low Cost Operation
- Amenable to low capex solution mining
- Can use solar power to reduce energy/operating costs

Two Major Potash Beds with Promising Historical Data
- Lower bed #9 - 8.6 ft thickness @ 22.0% K2O
- Upper bed #5 - 6.5 ft thickness @ 16.5% K2O

Favorable Arizona Location
- According to the AZGS (2008), the Holbrook Basin potentially holds 2.5 billion tons of potash
- Infrastructure in place
- close to domestic and users and target marktes

First Junior/Developer in Holbrook Basin
- State leases in close proximity to Arkla's proposed potash mine (1965)
- Acces to historical date (+8 previously drilled holes)

Potential Low Cost Operation
- Amenable to low cost underground mining (shallow depth)

Share Structure
Basic Shares: 17.2 million
Fully Diluted Shares: 21.2 million
Options 1.1 million: 144k @ $0.25 expiring October 2009
250k @ $0.65 expiring April 2010
750k @ $0.50 expiring 2010
Warrants 3.6 million @ $0.75 expiring April 2009
Listings: TSX-Venture: RBV
FTW: 30Z (Frankfurt)

Solar Power to reduce operating costs
- Utah's average of 300 days of sunlight per year provides solar power alternatives to high cost fuels
- Use of solar power to evaporate solution from minerals minimizes carbon footprint
- Equates to a maximum of 400 tonnes of coal equivalent per 100,000 tonnes of potash fertilizer

Possible Demand Drivers for Potash
- Bio-fuel Industry
- Decrease of the availability of arable land
- changing dietary demands of the developing world to a more protein based diet

Management
-Derrick Strickland, MBA, P.Geo.President
-Mike Magrum, P.Eng. Director
-Jason M.Walsh, Director
(...)

  Contact
Ringbolt Ventures Ltd
595 Howe Street, Suite 306
Vancouver, British Columbia V6C 2T5 Canada
Tel: 604 638 7382 | Fax: 604 871 9926
E-mail: info@ringboltventures.com
Website: www.ringboltventures.com

 

 

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