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Investor Overview
Selwyn Resources Ltd. is a publicly traded, Canadian base metals exploration and development company. The company's core project is the World class Selwyn Project, located in eastern Yukon. The Selwyn Project has reactivated the Howard's Pass zinc-lead district, and since 2005 the company has spent $56.7 million on exploration, development and environmental programs.
With completion of the proposed joint venture transaction with Yunnan Chihong Zinc and Germainum Co. Ltd., now expected in mid August 2010, Selwyn and Chihong will undertake an approximate $100M exploration, permitting, engineering and development program to advance Selwyn Project to bankable feasibility study. During these programs the Company will be regularly updating shareholders on resource definition drilling, metallurgical and other engineering program and progress on permitting and First Nations negotiations.
A bankable feasibility study is in progress with Wardrop Engineering, scheduled for completion in Q2, 2011. Completion of the economic evaluation will initialize the commencement of project financing. Selwyn and Chihong are to jointly seek a senior debt facility for the project. Selwyn will be responsible for its share of the equity portion of project financing.
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