This issue of Zimtu-Inside provides information on Zimtu Capital Corp.'s strategy and investments. It includes an editorial by Sven Olsson on Zimtu's approach of investing in early stage companies and realizing value through transactions. An interview with Ryan Fletcher discusses expanding applications of graphite in battery technologies and the resulting growth in demand. The issue also previews upcoming industry events where readers can meet with Zimtu.

1. Issue 01/2012
inside
inside
LET THE BULL RUN!
Connecting Opportunity and You.
CONTENT:
Editorial:
The Benefit of
Being the Early Bird
Sven Olsson about Zimtu´s
strategy and targets as a first
round investor.
...more on page 1 and 3
INterview:
Ryan Fletcher about
Graphite Applications
Expanding
New battery technologies
change the dynamics of the
Dave Hodge (l.), CEO of Zimtu, is sponsored by Zimtu Capital and the Vancouver. Many photos on Facebook
graphite market. This provides a known for taking the bull by the organizers was the main attraction at prove: The bull has what it takes to
great opportunity for investors. horns. The 600 pound bronze bull the Cambridge House Conference in be a recognizable trademark.
...more on page 4
GUest Article:
The BeneFit of Being the Early Bird
Passionate About Zimtu´s Strategy as A First Round Investor
Exploring in Turkey
Pasinex Resources CEO Steve Every resource investor dreams about being Zimtu‘s portfolio includes compa-
part of a success story from the very be- nies at different stages - from grassroots
Williams explains why investors
ginning - from 5 cents to 5 dollars. The to development. The most advanced com-
should have a close look at problem is private investors rarely have the panies are also the most well-known Zim-
opportunities in Turkey now. opportunity to get involved at such an early tu creations: Commerce Resources Corp.
stage. Early investments are part of Zimtu‘s (TSX.V: CCE) and Western Potash Corp.
...more on page 6 business model; we invest exclusively in (TSX: WPX).
first-round financings or in similar special CCE has released a positive preli-
Zimtu Update: situations. That‘s how we ensure that all minary economic assessment (PEA) for its
Shares from most recent Zimtu shareholders have this access at the Blue River Tantalum and Niobium project
Graphite Transactions same time. and expects to publish a preliminary eco-
In the last six months Zimtu nomic assessment for its Eldor Rare Earth
by Sven Olsson
has succesfully completed four Project in Quebec this spring. Commerce
Resources initially shared common manage-
M
graphite transactions.
any investors regard the stock ment with Zimtu (IPO in 2001) and the ori-
market as a casino. They follow ginal CCE shareholder list was created from
...more on page 8
performance charts and news and a share distribution to Zimtu shareholders.
try their luck according to the WPX expects to present its feasibili-
maxim „Buy low, sell high“. We should be ty study for a potash mine in Saskatchewan
happy they do so, since that‘s what creates by the end of this year. The capital expen-
liquidity in the market. However; a lot of diture for this solution mine is estimated at
traders lose sight of the fact that the stock $3 billion - and yet the company was star-
market was originally established to make ted from scratch in 2007.
high-risk ventures possible by using the When Zimtu wrote the first check,
combined financial strength of many. the capital markets were ready for potash
Resource companies are classic explorers. The management of Zimtu, along
candidates for equity financings through with a top team of geologists was standing
the stock market, in that the capital needs by and, by stroke of good fortune, a pro-
of mineral exploration companies typically spector presented a property in Manitoba
exceed the financial strength of individu- and the property was acquired. There was
Besuchen us: uns:
Visit Sie als to find and develop economic deposits. no more information than that.; Zimtu hel-
Forming new resource companies, as Zimtu ped to finance the initial seed round, and
www.ZIMTU.com
www.zimtu.com does, involves courage, experience and the the risk paid off.
confidence of the market. ...more on page 3
-1- www.ZIMTU.com

2. inside
COMMENTary
Dear Readers,
H
eads up! outstanding management in each of those
companies. To use an analogy, in the early
You are holding the first edition stages we feel that we should bet on the jo-
of Zimtu-Inside in your hands. We ckey rather than the horse. We know that a
have decided that since this is our third good management team will be able to find
year as a publicly-traded investment com- the winning horse. These entrepreneurs jus-
pany it is time for this newsletter. tifiably expect more than money from Zim-
Zimtu is growing rapidly. This news- tu, and we have historically provided this;
letter, which will be released regularly, is we secure success with our broad contacts
designed to improve the communication to investors and our marketing in the capi-
with our investors and enable them to un- tal markets. The plan is for us to cross the
derstand the intricacies of our business finish line together.
model. We want to demonstrate the broad With our investments in emerging
spectrum of our investments and substanti- graphite exploration companies, we are be-
ate, with background reports or interviews, ginning to see the seeds we have planted
Sven Olsson
why we pick up on certain trends or why we germinate. We realized about 12 months
Director of Zimtu Capital Corp.
choose to invest in specific companies. We ago that graphite is more than a commodity
will address the most significant develop- of the so called „old economy“ but that it
ments for our respective investments in the has to be re-evaluated due to its new appli-
final section of every issue - a service for our cations, in particular as cathode material in
readers and the companies we invested in. lithium ion batteries. So we employed our
The year 2012 is a special year for network of geological experts to find the
Zimtu. We have proven our business model best graphite properties worldwide. Since
in the three years since our listing and have then we have sold four of these projects
matured. From the management‘s perspec- to emerging public companies and to date
tive, I would like to say that we are in a have received more than 4 million shares as
stronger position than ever before. Zimtu compensation. EVENT DATES:
has used 2011, a weak year in the stock Should the broad investment com- Here you can find all events where
markets, to sow the seeds by investing in munity, as we anticipate, discover the gra- you can meet us.
a number of new companies that we want phite sector this year, Zimtu will be able to
to start harvesting in 2012. The market, of benefit significantly. We are looking forward March 4th - 7th, 2012
course, has to play its part as well. to 2012 being an exciting year.
PDAC Toronto
Even if the markets only provide a
Metro Toronto Convention
merely tolerable environment, several Zim- So here’s our first issue and we hope you
tu investments will be seeking a public lis- will enjoy reading it. Centre - South Building / Canada
ting this year. Some of the most prospective
candidates are Discovery Harbour Resour- Sven Olsson March 30th & 31st, 2012
ces, Jack‘s Fork, Camisha Resources and Director of Zimtu Capital Corp. Calgary Energy &
Pacific Polar. We are proud to support the Resource Investment
Conference
Calgary Telus Convention
Centre Macleod Hall / Canada
IMPRINT: Disclaimer: April 27th - 29th, 2012
PUBLISHER: INVEST Stuttgart 2012
The views expressed here in this newsletter
Zimtu Capital Corp. Messe Stuttgart - Entrance
Suite 1450 - 789 West Pender St. contain information derived from publicly available
Vancouver, BC sources and have not been independently verified. East/ Germany
V6C 1H2 No representation or warranty is made as to
Canada the accuracy, completeness or reliability of the
information. June 3rd & 4th, 2012
Tel: +1 604 681 1568
Fax: +1 604 681 8240
Any forward looking information in this newsletter
World Resource Investment
Editor: has been prepared on the basis of a number of Conference
Sven Olsson assumptions which may prove to be incorrect. Vancouver Convention Centre /
This newsletter should not be relied upon as a
Translation: recommendation or forecast by Zimtu Capital Canada
Tamara Faust
Corp. or any other company mentioned in this
Guest ArtiCle: newsletter.
November 2nd & 3rd, 2012
Steve Williams, CEO of Pasinex Resources Ltd.
Nothing in this newsletter should be constructed Edelmetallmesse München
Layout & Design: as either an offer to sell or a solicitation of an offer
Kerstin Schickendanz & Jarret Kusick to buy or sell shares in any jurisdiction.
Olympia Park - Event arena /
Germany
-2- www.ZIMTU.com

3. inside
EDitorial Continued
Today, WPX‘s market cap is more than
$200 million and its shares trade at $1.35.
The company represents 20% of the value
of Zimtu‘s investment portfolio.
Zimtu can afford to structure its
portfolio differently than a fund manager,
which constitutes a big advantage. We stay
invested if we are confident that the compa-
ny has a chance of success. A fund mana-
ger could hardly afford this luxury given the
protests he would receive from his compli-
ance department.
There is something else investors
should know, Zimtu has only 10 million
shares issued and outstanding. Therefore,
our investments have huge leverage per
Zimtu share.
The stock performance chart of
successful exploration companies tends to
follow a similar pattern - a sharp increase
in the discovery stage, flattening in the All participants presenting themselves in Zurich in front of the Zimtu Tour Bus during the Zimtu Roadshow 2011.
development stage and finally another in-
crease after the production decision. Zimtu A phenomenon takes place at the jects. We have realized at an early stage
shareholders are familiar transition from pre- that the development of current battery
with this chart from our IPO to public listing - technologies, namely the lithium ion batte-
presentation. However; we
„As soon as we believe we value creation. Zimtu ry, will decisively change the fundamentals
have expanded the known have a jackpot, we can stay uses this effect in two of the graphite market.
diagram with a triangle invested unlike a funds different ways: firstly, This is just another example of the
in the pre-IPO stage (see manger, who is accountable through direct invest- management of Zimtu seeing and seizing
chart below). Finally, and ment in private com- an opportunity; a commodity with a growing
to his compliance
most importantly, the pre- panies and secondly, demand that is not well represented by the
IPO stage is usually closed department.“ through our transac- mineral exploration sector - this spells op-
to most private investors; Sven Olsson tional business. portunity for Zimtu and its shareholders.
this is unfortunate since Director of Zimtu Capital Corp.
​ In the last 12 In order to meet the future demand
the performance is never months, Zimtu has for graphite to be used in cathodes, dozens
better than at the transitional stage from a specifically built a portfolio of investments of new mines would have to be developed,
private to a public company and it is at this in the graphite space, not by purchasing particularly outside of China. Therefore, we
stage that Zimtu exposes its shareholders to shares but by successfully arranging the have instructed our geological partners to
this upside. transactions of prospective graphite pro- specifically look worldwide for the best gra-
phite projects and subsequently sold the-
se projects to emerging public companies.
Being highly profitable for Zimtu, transac-
tions are an important part of our business
model. Before being staked and explored, a
resource property is generally not very valu-
able. Only when such a project is put into
a public company with the ability to fund
exploration does its value increase. Then
there is the potential for the discovery of
a deposit and the development of a mine.
Entrepreneurs and founders of re-
source companies like to work with us be-
cause they know that Zimtu is a patient
investor and has more to offer than just
money. We try to support our investments
in many aspects. We make our network of
investors available and create opportunities
to increase the visibility of the companies.
Last fall, eight of our companies participa-
ted in a roadshow in Europe. The trip was
a great success, attracting institutional and
retail investors already familiar with the
Zimtu brand. This opened many doors for
our investment companies. •
-3- www.ZIMTU.com

4. inside
Interview
Ryan Fletcher: Graphite Applications Expanding
„The demand fOR GRAPHITE increases about 3-5% per year“
Graphite, once the stuff of pencil lead, fi- TCMR: How does graphite figure into ener-
gures prominently in post-paper-age consu- gy storage applications?
mer electronics, and escalating spot prices RF: The most important applications in
reflect its critical role in electric vehicle energy storage are lithium-ion batteries
manufacturing. In this exclusive interview and fuel cells. A lithium-ion battery needs
with The Critical Metals Report, Zimtu 20 to 30 times more graphite by weight
Capital Director Ryan Fletcher explains the than lithium. Based on that, the number
fundamentals underpinning the graphite of end user transactions, the amount of
market. It adds up to ample opportunities capital and the level of interest in the
for investors. graphite space should be about 20 to 30
Published on January 24th, 2012 times more than in the lithium space, but
by Sally Lowder graphite has been flying under the radar.
(The Critical Metals Report) TCMR: Maybe that‘s partly because the Profile:
lithium-ion battery isn‘t called the graphi-
The Critical Metals Report: Ryan, as some- te-lithium-ion battery. Ryan Fletcher is a director of
one who knows the graphite business, what RF: True. These batteries have two parts, Zimtu Capital Corp., a Vancouver-
would you recommend to investors? the cathode and the anode. Lithium is headquartered public investment
Ryan Fletcher: The space should be on the cathode. The anode is graphite. It‘s company that creates, invests in
investors radars. Demand for graphite become clear that these batteries will po- and grows resource companies.
is increasing quite rapidly. Not only are wer not only electric vehicles but also our Fletcher has been responsible for
historic uses growing, but new applications tools, our phones, our laptops, our electro- identifying and sourcing projects,
are adding demand. A number of profes- nics, our toys. They all use these batteries, structuring companies and invest-
sional investors, analysts and researchers and that‘s going to be a big demand driver. ments, marketing group companies
have studied the fundamentals, and they and business development. He is a
see the potential. But it‘s not yet front and TGMR: How about in fuel cells?
graduate of the University of British
centre on the investment community‘s RF: In the same way, graphite is used in
Columbia Okanagan with a Bache-
radar. It should be. plating and is an important component
lor of Arts in economics. Before
of a fuel cell. A lot of the same things I
TCMR: In terms of graphite‘s historic uses, joining Zimtu in 2009, Fletcher
said about lithium-ion batteries also apply
it‘s used in tennis rackets, golf clubs, and worked as a consultant for publicly
to vanadium redox batteries. Vanadium‘s
is important to the steel industry. What are listed mineral exploration and deve-
been getting a lot of attention. It takes a
some of graphite’s properties and historic lopment companies and a boutique
lot of graphite to produce these batteries
applications? private investment firm focused on
as well.
RF: Graphite is an excellent conductor of the mineral exploration sector.
heat and electricity and is corrosion and TCMR: Are the batteries used in vehicles
heat resistant. It‘s a strong substance. It‘s such the Chevy Volt, Nissan Leaf and Tesla
light. All of those qualities make it valuab- Roadster lithium-ion-graphite batteries?
le. It‘s used in the steel industry. The auto- RF: Yes. (...) The Leaf, the new hatch-
back version of the Volt, and the Tesla are RF: Yes. The natural graphite market is
motive industry is also a major consumer. about 1.2 million tons per year (Mtpa)
Because of its heat resistance, it‘s also now all based on the lithium-ion-graphite
battery. right now. Broadly speaking, that market
used in crucible liners and so forth. Those consists of two different forms of graphite.
are big applications. I‘ve been speaking with a lot of experi-
enced people in this space, people who The historic applications primarily use
TCMR: Would you say that demand in closely follow battery technology, such the amorphous graphite, whereas some of
these historic markets is increasing? as Byron Capital, which has done a lot of these emerging technologies and appli-
RF: Absolutely. The historic markets are good work in this space. Battery technology cations use flake graphite. About 40%
still growing and you can‘t forget about goes through phases and a certain tech- of that 1.2Mt market is flake and 60%
them. The demand from these markets is nology typically can reign for some 10–20 amorphous, so the flake graphite market is
increasing say at a rate of 3-5% per year, years. It appears that the mass adoption just over 400,000 tons per year. Some of
based largely on global economic growth of lithium-ion batteries has just started to the players in the industry anticipate that
fueled by Asia, India, Russia and Brazil. take shape and will dominate for a long just one application alone, the lithium-
But now we are seeing graphite‘s appli- time. Graphite is so critical for that. ion battery, could use well over 1.6 Mt of
cation in lithium-ion batteries, fuel cells flake graphite per year by 2020, which
and nuclear technology, and in plastics TCMR: Those changes in automotive tech- is more than threefold the entire current
and composite frames that find their way nologies seem to moving faster than ever market. Even if the market doubles, that‘s
into products such as the Boeing Co.‘s before. Consumers want the most current 800,000 tons of graphite per year by
(NYSE:BA) new Dreamliner as well as wind technology, whether it‘s a cell phone, a 2020. A large-scale producer puts out only
mills. These applications will add a big, laptop or a vehicle, and it‘s exciting to about 20,000 to 40,000 tons per year,
incremental demand push to the market. watch demand pushing these new techno- which means a lot of new mines and a lot
This is all new demand. logies into manufacturing. of opportunity.
-4- www.ZIMTU.com

5. inside
Interview CONTINUED
TCMR: And is it China that dominates this
market?
RF: Yes. China controls 70% of the current
graphite supply. Over the last 10 years,
China has become dominant in a number
of commodities, based on blessings of
geology and other circumstances. Behind
China on the supply side is India, Canada
and Brazil. Over the last couple of years,
China has imposed value-added taxes,
Graphite exposed in the Mineralogical Museum, Bonn, Germany Source: Ra‘ike Wikipedia.org
export taxes and licenses. (...)
TCMR: Where can we expect to find new
Focus acquired the Lac Knife Graphite modities that you produce and sell into a
sources of graphite? Where is it most abun-
Project from a subsidiary of IAMGOLD big global market at the market price. With
dant, and in what types of geology?
Corp. (IMG:TSX; IAG:NYSE). This was a minor and industrial commodities, such
RF: You have to look to geological ter-
known deposit located in northern Québec, as graphite, the explorers, developers, and
rains with metamorphic activity. Canada,
with feasibility work completed prior to producers work with end-users. (...)I can
particularly Ontario and Québec, has some
NI 43-101. The project was discovered assure you that the end-users from Korea
great terrain, as do Brazil and India. Be-
in the 1980s and at one point was being and Japan will be eager for these types of
cause graphite prices have been kept low
evaluated through a joint venture between partnerships (...). They‘re all dependent on
over the past decade or so, there had been
Graftech Inc. and Ballard Power Systems China right now.
almost zero incentive to explore for, fund
Inc. (BLDP:NASDAQ), which designs and
or develop new graphite projects. That‘s all TCMR: Are there any other names in this
manufactures clean energy hydrogen fuel
changing right now, prices have increased space?
cells. Focus has now come out with a
three fold in the last few years. I think RF: As I mentioned, I figured the best gra-
43-101 resource that shows an attractive
the best graphite deposits have yet to be phite deposits haven‘t been found yet. The
grade—about 16%. (...)
found. There‘s potential for new discove- disincentive of low prices meant that not
ries in many jurisdictions. TCMR: What about Northern Graphite? much money has been raised nor dollars
(...) There‘s also a premium for deposits RF: Northern Graphite, which just went pu- spent looking for graphite. That‘s starting
outside of China, which will be more valu- blic in April 2011, holds a 100% interest to change. One company that I quite like
able to end users from Japan, Korea, Euro- in Bissett Creek, a graphite project located is Orocan Resources Corp. (OR:TSX.V),
pe, and the U.S. —all major consumers. close to infrastructure in southern Ontario. which has acquired a portfolio of pro-
The interesting thing about the Bissett jects in Ontario and Québec. But more
TCMR: So for investors who want to parti-
Creek deposit is that a large proportion of importantly, the company added Antoine
cipate in the upswing of demand and the
it is large- or jumbo-flake graphite—the Fournier to the team. A geologist, he was
compelling future for graphite, who are
stuff that gets end-users and the battery part of the field team that discovered the
some players worth investigating?
manufacturers excited. (...) project that Focus is advancing, Lac Knife.
RF: The two most well known public com-
(...) Also, early this month, Lomiko Metals
panies, both of which have projects in Ca- TCMR: Do you expect Northern Graphite to
Inc. (LMR:TSX.V) acquired 100% interest
nada, are Focus Metals Inc. (FMS:TSX.V) develop end-user agreements?
in the Quatre Milles Graphite Property in
and Northern Graphite Corp. (NGC:TSX; RF: Sure. It‘s important for everyone
southwest Québec, a project that Graphi-
NGPHG:OTCQX). Great teams are leading looking at this space to remember that gra-
cor Resources explored in the late 1980s.
these companies. phite isn‘t like gold or copper or oil—com-
And in Saskatchewan, Strike Gold Corp.
(SRK:TSX.V) is moving forward on a pro-
ject where Superior Graphite had done dril-
WHY GRAPHITE? now being used in electric vehicles. While ling and geological and metallurgical work
Graphite is an excellent conductor of heat this has created a great deal of excitement, 20 years ago. These assets—(...) which
and electricity and has the highest natural the investment community is only now had to halt when China took its grip on
strength and stiffness of any material. There- beginning to focus on other materials used
the market —are being snapped up right
fore, it is often used in thermochemistry. in Li-ion batteries and by weight, graphite is
Additionally, Graphite has the lightest weight the second largest component. In fact, there now, the market has changed and they are
of all reinforcements. Industrial demand is more than 20 times more graphite than attractive again. (...)
for graphite has been growing due to the lithium, in a lithium ion battery.
TCMR: It looks as if the graphite space is
ongoing industrialization of emerging eco- Graphite is in a much stronger position than
nomies. However; the incremental demand lithium carbonate as it is the anode material developing some traction (...). It‘s been
will eventually be created by a number of of choice for most battery designs. Only flake called one of the „quintessential wonder
green initiatives including Li-ion batteries, graphite which can be upgraded to 99.9% materials.“
fuel cells, solar energy, semi conductors, and purity can be used in Li-ion batteries. The RF: I agree. It‘s very early, but with all the
nuclear energy. Many of these applications process is expensive and wastes 70% of factors we discussed at play, I see a lot of
have the potential to consume more graphite the feedstock flake graphite. As a result, opportunity for the investment community.
that all current uses combined. Li-ion bat- spherical graphite currently sells for between
teries are smaller, lighter and more power- $4-6,000/tonne or twice the price of high TCMR: Thank you so much, Ryan.
ful than traditional batteries. As a result, quality flake graphite. (SOURCE).
most portable consumer devices use Li-ion To read the complete interview, please visit:
batteries. Additionally, Li-ion batteries are Quelle: Wikipedia & Chris Berry http://www.theaureport.com/pub/na/12354
-5- www.ZIMTU.com

6. inside
Guest ArtiCle
„We are Passionate about Exploration in TURKEY“
Pasinex Resources ltd. sees great opportunity in the underexplored country
Pasinex Resources is a new force in junior the key companies now active in Turkey in-
mining and exploration companies, with a clude Teck Resources, Inmet Mining, Eldo-
special focus on exploration in Turkey. Pasi- rado Gold and Koza Gold. However, Turkey
nex Resources Limited has recently gone is still relatively under explored, particular-
public with a reverse takeover of a CNSX lis- ly with modern exploration methodologies.
ted vehicle called Triple Dragon Resources. Why is this?
The takeover put in place a new manage- The unique moment in time is about
ment team and a new focus, with the focus the recent changes in mining regulations
being base and precious metal exploration in Turkey. For a long time, mining claims
and mining in Turkey. could be held with very little exploration
being carried out on that property. This
by Steve Williams
permitted “speculation” with these mining
properties. Last year, the government chan-
T
he new management team of Steve ged the regulations with expectation that
Williams, Clinton Smyth and Baris the title holders commit to exploration on
Yildirim all have their roots in mi- their title or, if not, they would lose their
ning, with technical knowledge and title. The net effect of this change in this
experience of about 80 years total relevant regulation is to make a lot of property now,
industry experience between the three of or in the immediate future, available for
them. Complementing, this technical team other parties either through staking, auc-
tions or private deals. The government has
profile:
is the Zimtu Capital Corp team that brings
to Pasinex the business management commenced a process of license auctions. Steve Williams is the President and
know-how particularly in market, legal and An auction currently running (from January CEO of Pasinex Resources Limited.
reporting areas. Together, this makes for a to May 2012) has 1700 property licenses Mr. Williams graduated with a Ba-
very strong team for execution of the Pasi- available for general bidding. chelor of Applied Science (Extrac-
nex business strategy. Pasinex Resources is very focused tive Metallurgy) from the Western
Pasinex Resources is focusing on on these opportunities. Pasinex has set up Australian School of Mines and an
base and precious metal opportunities in an office in Ankara and has started networ- MBA from Tulane University. He
Turkey. Why has Pasinex chosen this stra- king in Turkey to let people know that we has worked in the mining industry
tegic focus? The answer to this is that there are now in the market and looking for the since 1976 in milling operations in
Is a unique ‚moment in time‘ opportunity right type of opportunities. Since October Australia and Canada. He worked
that is presented for mining and exploration 2011 the company has started systemati- 20 years with SGS Lakefield
in Turkey. cally reviewing many mining exploration Research in Canada and Chile in
Turkey is a stable secular democracy titles and is in ongoing negotiations with both metallurgical project manage-
with the roots of the current republic going property owners to acquire a number of pro- ment and business management,
back to (much revered) President Ataturk perties of particular interest. The Pasinex finally becoming Managing Director
in the 1930’s. Turkey has adopted a pro- focus at the moment is on property acquisi- for SGS Canada, a company with
business approach and, having had a long tion and building our network in Turkey. It is about 1300 employees in Canada.
history of mining (going back to ancient ci- expected that by the second half of 2012, Steve has authored many technical
vilizations), it is also a country that wants Pasinex will start to focus on early explorati- papers and in 2004 he became a
to see responsible mine development. Also on of some of the properties that should be CIM Distinguished Lecturer and in
Turkey has a wealth of talented professio- in our portfolio by then. 2008 a CIM Fellow, for his work in
nals to meet business needs. So, Pasinex Resources represents a geometallurgy.
Turkey has been growing fast, with great opportunity for investors to participa-
recent GDP growth being around 9% per te in the still relatively underexplored base
annum. A tour of Istanbul or Ankara, will and precious metal opportunities in Turkey.
Pasinex has a technical based management
Main Office:
show how much high-rise development is
going on in these cities. The government is team, has identified underexplored opportu-
very focused on infrastructure in the coun- nities in Turkey and has a plan to aggressi- 1450 – 789 West Pender Street
try to support business growth, spending vely go after these targets. • Vancouver
billions of dollars on new road and transpor- BC, V6C 1H2
tation systems. For further information please contact the tel: +1 604 681 1568
Turkey has great geology being on author at steve.williams@pasinex.com fax: +1 604 681 8240
the border of a number of important tecto-
nic plates. Turkey has well known deposits Steve Williams
of chrome, borax, gold and base metals. President and CEO
The country has seen, in the last 10 years, Pasinex Resources Limited
a development of a number of new gold mi-
nes such as Ovacik and Kislidag. Some of
-6- www.ZIMTU.com

7. inside
Press Monitor
tion and forward development of numerous velopment in the battery business alone, we
supply chains. Product innovation using think focus on the strategic and critical me-
strategic metals leads to development of tals sector in 2012 and beyond will be an
advanced intellectual property which ulti- exciting area of discovery to say the least.
mately leads to supply chain and job crea- The surprises in the future will on balance
tion, one of the sustaining elements of the be beneficial to the Discovery Investor and
Middle Class. inventor alike.
For this reason alone, investors must This is an abstract, visit this URL for full article:
Resource Clips: In With Zijin have a clear view the supply, demand and http://www.discoveryinvesting.com/uploads/
Chinese Giant Backs Equitas BC Copper- uses of strategic and critical metals. Despi- MNs_Thursday_January_19_2012.pdf
Gold Project te the uncertain near-term outlook for glo-
published on January 3rd, 2012 bal industrial growth, we are believers that
innovation will drive increased productivity
by Greg Klein and demand for critical and strategic me-
“Climb the mountain”—for Equitas Resour- tals. In particular, we maintain a favorable
ces (TSXV:EQT) the challenge is both me- outlook for lithium, graphite, uranium, and
taphorical and literal. While his drill crew manganese. We don‘t invest with a three-
thinks nothing of a late autumn hike up a month horizon, firmly believing that these
northern BC mountainside, President and metals will be in demand for decades to
Director Jay Roberge is more likely to sca- come based on the world‘s needs to elec-
le figurative obstacles in the boardrooms of trify and provide cheap reliable and afforda- Resource Investor: Dodd-
Hong Kong. As a result, the company’s Day ble electricity. Frank, Australian Cuts
Copper-Gold Porphyry Project now has the Despite the rather muted reception Threaten Tantalum
backing of Zijin Mining Group, China’s big- electric vehicles have received, batteries of
all shapes and sizes promise to be a lar- Investing in African Mining Indaba 2012
gest gold producer. Online Review
Among his company’s other advan- ge part of the next generation technologies
spurred on by innovation. Late last year, the published on February 10th, 2012
tages, Roberge includes its relationship
with shareholder Zimtu Capital (TSXV:ZC). largest manufacturing facility in the world by Philip Burgert
“We work out of Zimtu’s office and share for lithium-ion batteries was opened in Rus-
sia – a joint venture called Liotech - bet- Markets for tantalum metals used prima-
back-end resources with a number of other
ween a Russian and a Chinese firm. rily in electronics could face short sup-
companies. So there’s a lot of expertise we
The goal of producing a lower-priced plies by as early as 2014 in part because
can rely on to cut down on costs.” Although
lithium-ion battery is the Holy Grail and can of reduced Australian primary production
the Day Project is very much early stage,
make vehicle electrification, currently unaf- and impending restrictions from the US
Roberge sees an extremely busy 2012 on
fordable to the majority of the population, Dodd-Frank Wall Street reform law aimed
a number of fronts. Fundamental Research
a reality. at curbing trade of illegal and artisanal
will release its initial report on Equitas. Ro-
Graphite plays a critical role in the produced minerals from the Democratic
berge plans to spend more time in Hong
manufacture of lithium-ion batteries. It is Republic of Congo that are the source of
Kong and wants to recruit additional ba-
used in the anode and its strength and abi- the metal.“Consequently the establishment
ckers. “Quite frankly, the Asian market un-
lity to conduct electricity make it ideal as a of new tantalum sources outside the DRC
derstands the value of our partnership with
battery component. However, only the large we believe is imperative,” Lara Smith, ma-
Zijin better than the market here,” he says.
flake high purity graphite can be used in naging director of Johannesburg-based Core
With more capital, Roberge hopes
batteries, which appears to be a potential Consultants told the Investing in Africa Mi-
to acquire more projects—and to do so
chokepoint for supply in the near future. ning Indaba conference here this week.
quickly. Which is very optimistic indeed,
Only 40% of the graphite produced globally The Dodd-Frank law enacted in July
especially given a very modest market cap
is of the large flake high purity type. 2010 requires that companies who consu-
of $4.9 million. That hardly deters Rober-
Synthetic graphite is also used in me minerals from conflict zones, in parti-
ge. “People are going to realize Zijin Mining
batteries (produced from petroleum coke) cular tantalum, tin, tungsten and gold from
had good reason to invest in a little junior
but it‘s currently much more expensive to the DRC, have to now show provenance of
on the TSX Venture.“
manufacture than the mining and refining these minerals and demonstrate that they
This is an abstract, visit this URL for full article:
http://resourceclips.com/2012/01/03/in-with- of large flake high purity graphite. There- are not conflict or “blood” minerals. Under
zijin/ fore deposits outside of China which have the act companies are expected to be gran-
potential to produce large flake, high purity ted a grace period of 12 months to either
graphite with simple metallurgy are an area demonstrate provenance or find alternative
of our Discovery focus going forward. supply sources, Smith said. “This means
MORNINGNOTES: THE FUTURE We are not aware of any current gra- that full implementation of this legislation
phite mining in the United States and only will most likely not come into effect before
IS BRIGHT FOR STRATEGIC ME- the end of 2013,” she said. “Subsequently
minimal graphite production in Canada,
TALS although that may change in the near fu- cheaper coltan from the DRC and Rwanda
published on January19th, 2012
ture as a crop of promising juniors explorers may continue to fill the supply gap and sta-
by Chris Berry, MBA such as Northern Graphite, Focus Metals bilize prices.”
This is an abstract, visit this URL for full article:
and Orocan advance to production.
China plans to own next-generation indus- http://www.resourceinvestor.com/2012/02/10/
With the hundreds of billions of dol- dodd-frank-australian-cuts-threaten-tantalum
tries through a strategy of vertical integra- lars globally pouring into research and de-
-7- www.ZIMTU.com

8. inside
Zimtu NewS
Zimtu Update
TSX.v: ZC . FSE: ZCT1 . WKN: A0RDR9 SHOrt Facts:
Shares Outstanding: ~10 mio.
Shares Fully Diluted: 11.4 mio.
52 Week High: 2,28 CAD
52 Week Low: 0,50 CAD
Market Cap.: ~11.1 mio. CAD
Cash & Securities: ~13.0 mio. CAD
Portfolio Analysis:
Top 5 Positions: 58.15%
Western Potash (TSX: WPX) 19,26%
Triple Dragon (CNSX: TDN) 19,18%
Commerce Res. (TSX.V: CCE) 9,57%
Quantum Rare (TSX.V: QRE) 5,62%
Equitas Res. (TSX.V: EQT) 4,52%
Market Value of Top 5: ~8.5 mio. CAD
Total Positions: 58
*As of Febuary 20th, 2012
Zimtu´s Latest Transactions in The Graphite SPace
Strike Graphite Corp. September 01, 2011
TSX.V: SRK Strike Gold Corp. is pleased to announce that it has
Property sold: Deep Bay & Simon Lake, signed an agreement to acquire a 100% interest in
Saskatchewan the Deep Bay East and Simon Lake Graphite Pro-
Shares earned: 1,500,000 perties both located in northern Saskatchewan.
Cash component: staged 162.500 CAD
Time frame: 4 months
NSR: 3%
Standard Graphite Corp. November 21, 2011
TSX.V: SGH Orocan Resource Corp. (Since Dec. 2011 Standard
Property sold: Black Donald & Little Graphite) is pleased to announce it has signed a
Byron, Ontario Binding Agreement to acquire a 100% interest in
Shares earned: 1,000,000 three graphite properties in Ontario, Canada inclu-
Cash component: 12,500 CAD ding the Black Donald and Little Bryan Properties.
Time frame: 24 months
NSR: 2%
Lomiko Metals Inc. January 05, 2012
TSX.V: LMR Lomiko Metals Inc. is pleased to announce that
Property sold: Quatre Miles, Québec it has signed an agreement to acquire a 100-per-
Shares earned: 2,000,000 cent interest in the Quatre Milles Graphite Property
Cash component: 25.000 CAD located in southwestern Quebec.
time frame: 24 months
NSR: 2%
Strike Graphite Corp.
TSX.V: SRK
February 14, 2012
Property sold: Wagon, Québec
Shares earned: 1,000,000 Strike Graphite Corp. (TSXv: SRK) (the “Compa-
Cash component: staged 375.000 CAD ny” or “Strike”) is pleased to announce that it has
Time frame: until 12months after TSX signed an agreement to acquire a 100-per-cent
approval interest in the Wagon Graphite Property located in
NSR: 3% southwestern Quebec.
-8- www.ZIMTU.com