1. DYNAMIC STOCK MARKET ANALYSIS1 www.smartstox.com
Highbank Resources Ltd.
Watch the Smartstox Interview with Victor N. Bryant, CEO & President
www.smartstox.com/interviews/hbk
TSX VENTURE: HBK | OTC: HBKRF
Aggregate Production on the Doorstep of Northern Construction Boom
aggregate products. A proposed 200 t/hour processing plant
will be constructed to process the material. The loading facility
“Over 30 billion dollars in infrastructure development is slated for the northwestern
BC ... With the massive infrastructure developments about to be undertaken in the
northern BC ports, an enormous quantity of aggregate will be needed.”
B
oth precious and base metals have been disappoint-
ing investment sectors over recent years as investors
have largely avoided economically sensitive sectors and
stocks, despite a general upswing in both North Ameri-
can and global economic forecasts. Exceptions can be found, to
be sure, but it is always difficult for a junior to fight the broader
market tides.
Resource sector investors may be interested in a new min-
ing opportunity developing in BC’s north that lies well outside
the conventional metals markets. Massive developments at the
northern coast ports of Prince Rupert, Stewart and Kitimat are
being planned to build the infrastructure needed to support
BC’s emerging liquefied natural gas (LNG) and shipping in-
dustry. Enormous amounts of concrete will be poured for the
LNG plants, power stations, and port facilities.
THE SWAMP POINT NORTH AGGREGATE DEPOSIT
Highbank’s Swamp Point North Aggregate (SPNA) Deposit
is a NI 43-101 compliant multi-million tonne sand and gravel
resource that lies on deep tide water on the Portland Canal
some 78 miles north of Prince Rupert and 38 miles south of
Stewart. The deposit’s location near the construction sites miti-
gates much of the delivery cost and gives the company a distinct
advantage to be a significant supplier of aggregates to these
projects, as transportation costs dictate that the most economi-
cal source of aggregate is usually that found closest to where it
is needed.
The deposit is described as a glacial outwash complex com-
posed primarily of well-sorted gravel and sand, with an aver-
age thickness of about 37 metres. Highbank commissioned an
NI 43-101 Technical Report by Associated Geosciences of Calgary
in 2007 that included a resource calculation showing measured
and indicated resources of over 70 million tonnes of material.
Processing of the aggregates will require screening, crush-
ing, and washing to produce a variety of high quality sand and Swamp Point North Aggregate Property in Northwestern British Columbia.
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planning through to testing, development,
marketing, production and reclamation.
Company president Victor N. Bry-
ant, MAusIMM; IEng, has over 40 years
in the mining industry in such capacities
as operations and project engineer, plant
manager, senior process metallurgist, and
mill/concentrator superintendent. He has
brought several deposits around the world
into production with noted engineering
firm Flour Daniel, and worked for such
majors as Billiton International, Sherritt
Gordon, and Anglo American.
CFO Gary Musil is a long-time figure in
the Vancouver mining community, serving
on the management and boards of several
junior exploration companies operating in-
ternationally and in British Columbia, and
previously served as the financial controller
for a producing silver-lead-zinc mine in BC.
DYNAMIC CONCLUSION
With only a minor royalty payable on pro-
duction and minimal processing needed to
meet client specifications, the major cost
to deliver aggregate lies in the shipping.
The Swamp Point North project is ideally
situated to supply the essential component
to the developing north coast regional con-
struction boom.
The deposit’s location allows easy load-
ing of product for water-borne delivery to
the ports, which has the side benefit of help-
ing keep heavy trucks off of the local roads.
The local market for the aggregates
is the near-term driver for bringing the
deposit into production, but once up and
running, markets farther afield will pro-
vide further sales opportunities.
Shares Outstanding: 73 million
6 Month High: $0.13 / Low $0.03
FOR MORE INFORMATION
T: (604) 683-6648
E: highbank@telus.net
www.highbankresources.com
submitted major LNG project propos-
als in response to a provincial call for
expression of interest to situate facilities
on Crown land 20 miles north of Prince
Rupert at Grassy Point.
Aggregate is the principal component
of both concrete and asphalt, and so is an
essential material for all modern building
projects. With the massive infrastructure
developments about to be undertaken in
the northern BC ports, enormous quan-
tities of aggregates will be needed. As a
point of comparison, the construction of
just the third runway at Vancouver Inter-
national Airport consumed 2.5 million
tonnes of aggregates.
Highbank has received its first com-
mitment to purchase 100,000 tonnes of ag-
gregate from its SPNA deposit from West
Fraser Concrete which operates the only
concrete plant in Prince Rupert.
STRONG FIRST NATIONS SUPPORT
Relations with the Metlakatla First Na-
tion have been very constructive. Late in
2012, Highbank and the band announced
a Cooperation Agreement to provide the
Metlakatla with the opportunity to partici-
pate in the economic benefits arising from
the development of the SPNA within their
traditional territory. Among other things,
the agreement ensures the project will be
operated in an environmentally-responsi-
ble manner and will provide band mem-
bers with both opportunities for employ-
ment and to provide goods and services to
the project. Highbank Resources has also
agreed to sponsor the Northern Aboriginal
Machinery School, a heavy duty machinery
training school for First Nations students
preparing them for full-time employment
with mining, oil and gas, and construction
companies.
EXPERIENCED TEAM
Highbank’s board of directors includes
newly appointed James Place, P.Geo., who
has more than 25 years of experience in
the aggregate and engineering fields. Jim
received his degree from the University
of Victoria, and has worked throughout
northern and coastal BC on all phases of
aggregate projects from exploration and
will be designed around either a convey-
or or direct barge loadout. The estimated
capital costs are in the order of $2.6 mil-
lion dollars.
The company is currently working
with BC’s Ministry of Energy, Mines and
Natural Gas to fine tune its permit appli-
cation to advance the project to the pro-
duction stage. Highbank plans to produce,
load and deliver aggregate at a trial rate of
235,000 tonnes in their first year of opera-
tion. The company anticipates ramping up
annual production to 1.5 million tonnes as
early as the fourth year after full permit-
ting has been obtained.
Aggregate is an essential resource,
but the aggregate industry is often an un-
popular neighbour because of the noise,
dust and the heavy truck traffic it can
create. The Swamp Point deposit escapes
these criticisms by virtue of its remote lo-
cation with no road access.
REGIONAL AGGREGATES
REQUIREMENTS
Over 30 billion dollars in infrastructure
development over the next decade is slat-
ed for northwestern BC, including road
and rail capacity, construction of lique-
fied natural gas plants, expansions of
bulk and container terminal capacity and
a large upgrade of Rio Tinto’s aluminum
smelter at Kitimat.
In addition, four more multinational
companies, including Nexen, Imperial
Oil/Exxon Mobil, Australia’s Woodside
Petroleum and Korea’s SK E&S have
written april 2013
“Late in 2012, Highbank and the band announced a Cooperation Agreement to
provide the Metlakatla with the opportunity to participate in the economic benefits
arising from the development of the Swamp Point North Aggregate deposit within
their traditional territory.”
Exploration drilling at the Swamp Point
North Aggregate Deposit