Top Lithium Producers Report That Demand For Lithium Is Expanding ROC, FMC, SQM, ILC.v.

  Apparently, demand for Lithium is expanding, particularly from Asia, and we have the same confirmation from China for Lithium products:

"Ganfeng Lithium, as a leading lithium downstream products producer in Asia, has recently announced in the company's 2011 annual report USD75 million in sales revenue representing a 34% increase over the previous year. Currently Ganfeng consumes a significant volume of lithium raw material but taking into account projected business growth, sourcing a future supply of lithium becomes more and more important to support Ganfeng Lithium's core business. Increasing our share in International Lithium is part of our raw materials strategy." states Wang Xiaoshen, Executive VP of Ganfeng Lithium Co., Ltd.

  We are following here Ganfeng Lithium with its strategic stake in International Lithium Corp. among other Lithium developers. Rockwood Holdings has announced the new distribution strategy of Potash by-product directly to consumer markets. International Lithium's recent announcement about "Extensive High-Grade Potash Discovery at International Lithium's Mariana Brine Project" should be put now into perspective of fertiliser market in Argentina with import of 2 million tons of Potash annually.

  We have two powerful trends driving the performance of Lithium and Potash producers from brines in South America - Electrification of Transportation and growing demand from Agricultural business in South America and Asia.

Lithium Investing News:

Top Lithium Producers Report Mixed Earnings

By Dave Brown — Exclusive to Lithium Investing News

Two top lithium producing companies filed quarterly financial reports over the last week and another filed its annual report for the year ending last December. The three companies provided lithium investors with interesting details on their respective operations, and all seemed to indicate that demand for lithium is expanding.

This overall consensus provides a good context for industry stakeholders, investors, and lithium exploration projects, as demand and higher realized prices for the underlying resource should stimulate additional investment interest.

Rockwood Lithium

Rockwood Holdings, Inc. (NYSE:ROC), the parent of Rockwood Lithium and a global producer of specialty chemicals and advanced materials, reported strong earnings per share with continuing operations of $0.94 for the first quarter compared with $0.80 for the same period last year. This quarter is the first period that the company has reported segmented revenues for the lithium business.

During a conference call, Seifi Ghasemi, CEO of Rockwood, explained the company’s strategy within the lithium business unit. Last year the company made a tactical decision to build and operate a processing facility in order to distribute finished potash by-product directly to the consumer market, opting to no longer sell it exclusively in semi-finished form to a Chilean company. Rockwood believes that this will provide expanded profit margins and that the potash will be realized as a by-product of the company’s lithium operations.

The rest of the lithium business “grew by double digits in the first quarter” if potash sales are excluded. Another key point underscored in the conference call was that Rockwood’s battery-grade lithium sales in the first quarter more than doubled compared to the same period last year.

Outlook

Offering a positive outlook for the lithium industry in general, Ghasemi said, “[l]ithium products, especially battery grade lithium, should continue to show double-digit sales growth. In addition, we expect stronger volumes in our Surface Treatment business and expect to continue to benefit from productivity gains across our businesses. We expect our new lithium hydroxide plant in North Carolina to be operational in July of this year.”

FMC Corporation

FMC Corporation (NYSE:FMC) reported first quarter net income of $119.1 million, or $1.71 per diluted share, compared with $94 million or $1.30 per diluted share for the same period last year. First quarter revenue of $940.7 million was 18 percent higher than the previous year’s revenue of $795 million.

FMC President, CEO, and Chairman Pierre Brondeau explained challenges that the company’s lithium operations have faced, stating, “Specialty Chemicals’ results met our expectations with strong commercial performance in BioPolymer offset by higher weather-related operating costs in lithium and plant downtime effects associated with capacity expansion projects as we position both businesses for continued premium growth.”

Operational impediments for FMC’s lithium expansion plans provided a headwind as segment earnings of $44.3 million declined one percent. Higher selling prices in lithium primaries were more than offset by higher weather-related operating costs in lithium and downtimes related to capacity expansions. The weather-related issues included challenges to bring some of the equipment required to the operating sites as well as very significant dilutions of the ponds, which forced the company to operate with the brine which was less concentrated, with less product from the plant at a higher operating cost.

Outlook

In terms of guidance for the rest of the year, Brondeau was cautiously optimistic about the company’s lithium results, saying, “[w]e are seeing higher processing cost and a slightly lower ramping production volume as a result of the dilution. The impacts will be largely behind us by the end of the second quarter. Therefore, sequentially, we anticipate a significant pickup in lithium sales and earnings in the second half of this year compared to the first half.”

SQM

SQM (NYSE:SQM) reported strong results for last year with revenues from lithium sales amounting to $183.4 million, representing nine percent of the company’s total revenue. Expanded sales of 22.8 percent within the lithium business were due to higher volumes resulting from a “healthy demand…mainly driven by rechargeable batteries and also by uses related to construction, such as ceramic and glass.” The report also indicated that “other producers experienced some supply constraints during part of the year, allowing SQM

Asia demand rising

Lithium products were marketed to over 300 customers in approximately 50 countries, with increased exposure to Asian markets. This included 28 percent of total global sales in Europe, ten percent to customers in North America, and 61 percent to customers in Asia. Compared to the previous year, business in Europe and North America declined slightly from 34 and 12 percent respectively, while the customer base in Asia expanded significantly from 53 percent. The customer base was diversified, with no single customer responsible for more than 14 percent of sales. The ten largest customers represent less than 51 percent of sales.

Outlook

The company offered an optimistic outlook, commenting, “[w]e believe that Lithium production will increase in the near future. A number of new projects to develop lithium deposits have been announced recently, of which some could materialize in the short to medium term.

We estimate that worldwide sales of lithium chemicals expressed as lithium carbonate equivalent…amounted to approximately 135,000 metric tons in 2011.”

Securities Disclosure: I, Dave Brown, hold no direct investment interest in any company mentioned in this article."

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company here. Always consult with your qualified financial adviser before making any investment decisions

Reuters: MF Global sold assets to Goldman before collapse - sources ilc, tnr.v, czx.v, rm.v, lmr.v, abn.v, asm.v, btt.v, bva.v, bvg.v, epz.v, fst.v, gbn.v, hao.v, jnn.v, ks.v, ktn.v, kxm.v, mgn, mxr.v, rvm.to, svb, ura.v, nup.ax, srz.ax, usa.ax

  OK, honestly - who is surprised?


Couple of other topics for amusement:

US Dollar: Mess continued: The Federal Reserve is a Private Bank

Oil and Blood 

Documentary: Peak Oil - Oil Addicted America

US Dollar Collapse: Gold and Silver: Jim Puplava: "Inside Job"

Reuters:

MF Global sold assets to Goldman before collapse - sources

By Lauren Tara LaCapra and Matthew Goldstein
Wed Jan 4, 2012 12:30am GMT

(Reuters) - MF Global unloaded hundreds of millions of dollars' worth of securities to Goldman Sachs in the days leading up to its collapse, according to two former MF Global employees with direct knowledge of the transactions. But it did not immediately receive payment from its clearing firm and lender, JPMorgan Chase & Co, one of the sources said.

The sale of securities to Goldman occurred on October 27, just days before MF Global Holdings Ltd filed for bankruptcy on October 31, the ex-employees said. One of the employees said the transaction was cleared with JPMorgan Chase.

At the same time MF Global, which was run by former Goldman Sachs head Jon Corzine, was selling securities to Goldman to raise badly needed cash, the futures firm was also drawing down a $1.2 billion revolving line of credit it had with JPMorgan, according to one of the former MF Global employees.

JPMorgan spokeswoman Mary Sedarat said the bank did not withhold money because of the line of credit. She declined further comment on details of the transactions.

JPMorgan has fought aggressively in bankruptcy court to protect its interests, and received a lien on some of MF Global's assets in exchange for granting the firm $8 million to fund its bankruptcy costs. The lien puts JPMorgan's interests ahead of MF Global customers who have not yet received an estimated $900 million worth of money from their accounts, which remain frozen as regulators search for missing funds.

The hastily crafted transactions and the seeming inability of MF Global to recoup some of the money in the sale to Goldman may start to explain why so much money remains unaccounted for at the futures firm.

It is unclear what type of assets Goldman bought from MF Global, but the securities were worth hundreds of millions of dollars, the former employees said. The sources spoke on the condition of anonymity.

The Wall Street Journal previously reported that George Soros' fund was a buyer of securities sold by MF Global, scooping-up some of its European sovereign debt at a deep discount. Panic among investors and clients about MF Global's $6.3 billion bet on European sovereign bonds led to its demise.

Corzine, who was CEO of MF Global at the time of the collapse, headed Goldman Sachs from 1994 to 1999 before being ousted after a power struggle with co-CEO Henry Paulson.

Corzine and other top MF Global executives reached out in desperation to Goldman Sachs Group Inc and JPMorgan, as well as Jefferies Group Inc Barclays Plc, Citigroup Inc, Deutsche Bank AG, Macquarie Group Ltd, State Street Corp and Wells Fargo & Co, as potential buyers in its final days as the firm teetered toward collapse, Reuters earlier reported.

(Additional reporting by David Henry; editing by Martin Howell and Andre Grenon)

BUSINESS"

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Zero Hedge: Rick Rule - We're Entering A Great Era For Resource Investing ilc.v, tnr.v, czx.v, rm.v, lmr.v, abn.v, asm.v, btt.v, bva.v, bvg.v, epz.v, fst.v, gbn.v, hao.v, jnn.v, ks.v, ktn.v, kxm.v, mgn, mxr.v, rvm.to, svb, ura.v, nup.ax, srz.ax, usa.ax

  

  We have a great podcast with Rick Rule and Chris Martenson. More and more voices which serious investors are listening to are talking about this Bull market.

Jim Puplava: Stephen Leeb: Red Alert - Peak Of Everything: Lithium, Rare Earths, Copper, Gold and Silver

"Now, we guess, that there is no any doubts that all the world will print, print and print FIAT money in order to keep insolvent system running. UK will be tested first, as usual, and is already in the next QE program, US and Europe to follow. By the way price of Gas in UK is already above 8 dollars per gallon. We almost stopped to write about Gold - nothing further to prove, time is for the Energy Transition. Lithium - Electric Cars and Hybrids. Rare Earths - Mobiles, Wind, Solar and Electric Cars with Hybrids. Silver - Solar, Mobiles and Store of value. Copper - Electric Cars and Hybrids, Charging Infrastructure, Energy Distribution. Zinc - Electric cars and Hybrids, Charging infrastructure, Energy Distribution. 

  China is on the shopping spree with its 3.2 trillion reserves now. We are following here International Lithium with Ganfeng Lithium as strategic investor, Canada Zinc Metals with 36% owned by Tongling Nonferrous, TNR Gold with Canada Zinc Metals as strategic investor, TNR Gold holds 28% in International Lithium.

  Welcome to the Reflation Round 2 in case if "Europe will be saved."

"The art of modern economics turns into the pure magic now: how to make it enough for everybody, when there is not enough left.

We are hitting Peak of Everything.

  It is time for a reflection point today: we will post some charts, some quotes from our previous articles and you can draw your own conclusions as usual."

Zero Hedge:

Rick Rule - We're Entering A Great Era For Resource Investing

Recently, we crossed the seven billion threshold for humans on the planet. Most of these people are desperately trying to get up the living standard curve. And that requires resources.

Simple math tells us there is going to be increasing competition for a steadily-dwindling -- in both quantity and quality -- global pool of high-grade resources. This 'scramble for stuff' is going to be one of the key defining trends of this century. And while it will have game-changing repercussions across societies, economies, and geopolitics -- we are at a moment in time where tremendous upside awaits investors who recognize today the true future value of key resources and secure meaningful exposure to them.

Rick Rule has made a successful and storied career as a resource investor, and has rarely seen as attractive an alignment for the space as he does today. What is there to be so optimistic about?

1. We are going to face an awful lot of volatility. And I should start by saying that volatility can be good news for you if you are prepared for it. It gives youfrequent sales. Why the volatility? In the first instance, there are seven or eight trillion dollars sitting on the sidelines just in the United States looking to be invested. That has some upward bias.

2. We are in a secular bull market in 'stuff'. The bottom of the [global] demographic pyramid as it gets richer, and it is getting a bit richer, uses a lot more stuff than the top of the pyramid. So per capita consumption of stuff is growing, spread over lots and lots and lots of capitas.

3. Resource stocks have not kept pace with commodity prices. So resource stocks for the first time in several years are attractively priced.

4. The senior resource companies, including the mining companies that have been real under-performers for the last decade, are starting to make an awful lot of money. And one of the themes I think that you are going to see in the resource space is mergers and acquisitions.

Of course, there is plenty of bad news to offset the good here, and Rick warns that as attractive as prices may be here for many resource-based companies, they could easily go lower in the short term before powering higher to their true valuations.

The bad news is also pretty straightforward. It appears to me like we are headed towards a liquidity or credit crisis, as a consequence of the fact that the political will does not exist, to cause the citizenry of western nations to live within their means, and because the banking system as we know it is bankrupt. An example would be Germany; the lender of last resort for the European economic community had a failed bond auction. If the lender of last resort cannot lend, you have a fairly interesting set of circumstances. Of course, they did find another lender of last resort, and that is us. And the market has not seemed to figure out that we are in some danger of going broke ourselves.

I am completely conversant with the fact that resource stocks could get cheaper before they get expensive. [A good mathematician] knows that you have a mean line and a median line, because things do not revert to mean or median, they revert through the line. And the fact that stuff is gotten cheap probably means it gets cheaper. But the nature of investing in natural resources is investing on a net present value basis, and the stuff is cheap. We do not see it cheap very often.

So the key here is performing good-old fundamental analysis to find the undervalued opportunities, buying in, and then letting time work in your favor.

As for the resource sectors that interest Rick the most?

I am interested across the barrel, but I think I am particularly interested in sub five hundred million market cap resource plays in the western Canadian sedimentary basin, Canadian listed companies with repeatable resource plays in oil.

I am also very, very, very attracted to the uranium space. As a consequence of the events in Japan, the uranium space got cut in half, but uranium consumption has not budged. So I like the risk to reward checks to position in uranium.

What really has me excited right now, however, is that for the second time in the last ten years, the smaller gold stocks are attractively priced relative to the gold price. You know Chris, I found myself in the embarrassing position in 2010 to be a fairly well known gold stockbroker that did not have any gold stock recommendations. As a consequence of the fact that the gold stocks were assuming very, very, very high gold prices, but were not putting on very good corporate performances. We have seen the situation now where the bullion price has continued to go up, but the share prices of the stocks have gotten absolutely creamed. So what is probably most attractive to me of all are the shares of the pre-feasibility stage junior companies, and some of the smaller producers that have large organic development pipelines. We think that they are absolutely cheap, and that is something that does not happen very often.

Click the play button below to listen to Chris' interview with Rick Rule (runtime 32m:58s): 

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Bill Gates: US government should triple green energy investment ilc.v, tnr.v, czx.v, rm.v, lmr.v, abn.v, asm.v, btt.v, bva.v, bvg.v, epz.v, fst.v, gbn.v, hao.v, jnn.v, ks.v, ktn.v, kxm.v, mgn, mxr.v, rvm.to, svb, ura.v, nup.ax, srz.ax, usa.ax

 
  Now we have Bill Gates joining our choir - will anybody listen? Point of NO return in climate change is already in sight and there is NO cheap Oil left any more, according to IEA. China invests billions in Renewable Energy, New Energy Transportation and US is drowning in Debt. Instead of Marshall plan to quit Oil addiction after 9-11 US has decided to fight wars to keep addiction supplied. With trillions spent on wars - instead of building new Energy Transition technologies like Electric Cars, Wind and Solar - US now faces the very tough choices sitting on 15 Trillion of Debt. We truly hope that Iran Oil liberation is not one of them. Our broken society will not recovery after another failed "Blitzkrieg".

Peak Oil: ASPO USA 2011 conference presentations now online

"We have the acknowledged problem now - NO more cheap Oil left, and we have the solution - technology with the magnitude of the Internet with another zero - Electric Cars. We need the Marshall plan now for Electric Cars."

  

IEA: World Energy Outlook 2011: Crude could reach $150 and warns of Irreversible Climate Change in Five Years

  "We are just coming out of the "Europe's  End of The World" scenario, all world economies are on the edge of recession, but Oil is moving closer to $100 again. We have a very sobering reminder from IEA about the real issues behind all recent events in the financial markets. There is NOT enough Oil for everybody left, Peak Oil is all about the price and transportation is driving this demand with half of the global oil demand coming from China only. By 2015 more cars will be manufactured outside of OECD. Oil prices can go up to $150 by 2015 in the real terms and $176 in the nominal terms. It will be the major risk for the global economy. Time is to check your Lithium portfolio."

Business Green:

Bill Gates: US government should triple green energy investment

Microsoft chairman warns US has "no option" but to boost investment in clean energy

By BusinessGreen staff 21 Nov 2011 

Bill Gates has urged the US government to triple its investment in green technologies to $16bn annually, warning the country is lagging behind China, France and Canada in its efforts to develop a low-carbon economy.

Writing for the journal Science on Friday, the Microsoft chairman said the US government should restore investment in energy research and development, which has fallen to $5bn a year during the past three decades.

Citing a recent report by the American Energy Innovation Council, Gates said the government could pay for the increased investment by reducing or eliminating current subsidies to well-established energy industries, diverting a portion of royalties from domestic energy production, collecting a small fee on electricity sales, or imposing a price on carbon.

"Any combination of these could provide the funds needed to increase energy innovation," he said.

Gates argued that the US government had "no option" but to increase its investment in clean energy technology because fossil fuels are prone to extreme price fluctuations and are a cause of global warming.

He warned that the US is losing out in the race to develop a low carbon economy, as it spends around $1bn per day importing oil, while countries such as China, Germany, Japan and Korea are making large investments in clean energy technologies.

"The creation of new energy products, services and jobs is a good thing wherever it occurs, but it would be a serious miscalculation if America missed out on this singular opportunity," he said."

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Aben Drills Significant New Discovery of 60m of 1.19 g/t Gold on Justin Project, Yukon abn.v, ilc.v, tnr.v, czx.v, rm.v, lmr.v, asm.v, btt.v, bva.v, bvg.v, epz.v, fst.v, gbn.v, hao.v, jnn.v, ks.v, ktn.v, kxm.v, mgn, mxr.v, rvm.to, svb, ura.v, nup.ax, srz.ax, usa.ax

  We have very interesting results from Aben Resources and its exploration program in Yukon.

Rare Earths, Lithium, Gold and Uranium: Aben Resources names Netolitzky as chairman, director

"Go where the smart money goes or smart people or both - like in case with Aben Resources, former Consolidated Abaddon Resources. Company is reinventing itself and such heavy hitter as Ronald Netolitzky will not put his reputation on a line for a quick pump and dump. Rare Earths and Gold juniors were on fire last year, so we are going whether the value is and it is not realised by the market yet - the right people are the first sign of it.

RCR: Lithium, Rare and Minor Metals Fundamentals

"What is the common sense in the so different investment situations: when Erick Sprott  buys into Avino Silver, Silver Wheaton buys into Revett Minerals, Lukas Lundin buys into NGeX Resources and invest more to keep its stake in Sunridge Gold, Panasonic buys into Tesla, Tongling buys into Canada Zinc Metals and Nova Gold sells 50% of 1 mil NON 43-101 historical resource of gold at Shotgun for shares of TNR Gold and significantly increase its position in that company? All these situations are common only in one, but very powerful in the investment world thing: industry and/or company insiders are buying in. Can they be mistaken - yes, by all means - but we like to follow the "smart" money."

Thu Nov 17, 2011
Aben Drills Significant New Discovery of 60m of 1.19 g/t Gold on Justin Project, Yukon

Vancouver, BC -- Aben Resources Ltd. (TSX-V: ABN) (Frankfurt: E2L) (the "Company") is pleased to announce it has made a significant new gold discovery in the Yukon on its 100% owned, 11,268 acre Justin Project.

The Company recently completed a ten hole diamond drill program on the Justin Gold Project located in the southeast Yukon. Aben has released the first drill hole results received from its 2011 program which includes 60.00 metres of 1.19 g/t gold in the never before drill-tested POW Zone. Assay results are still pending for the other nine holes.

Justin Gold Project Location Map:

http://www.abenresources.com/i/maps/ABN-Justin.jpg

Highlights:

• Aben makes a new greenfield gold discovery on its Justin Project in the Yukon.
• Drill results from first received hole JN11009 include 60.00 metres of 1.19 g/t gold in the POW Zone starting at a vertical depth of 113 metres.
• Intercept observed in hole JN11009 was dominated by massive skarn-style replacement mineralization, which has been overprinted by quartz-calcite stock work veining. Both the skarn-style and vein-style mineralization carried gold. The geochemical signature of the mineralized zone supports an Intrusion Related Gold model. 
• Gold mineralization is open in all directions at the POW Zone.
• Positive surface sampling results from 2010 are located 400 metres to the east of discovery hole JN11009.
• An airborne geophysical survey outlined an inferred buried intrusive stock, represented by a pronounced magnetic low, which lies between the POW Zone and the Main Zone located 2.4 kilometres to the south.
• As a result of this new gold discovery on the Justin Project, Aben has acquired 7,058 additional acres around the original property border which will facilitate an aggressive drill program next season.
• Assay results pending for nine additional holes on four mineralized zones throughout the Justin Project.

Initial Gold Assay Results from the Justin Project:

JN11009 Significant Intercepts, Justin Property, Yukon
Drill Hole	From (m)	To (m)	Interval (m)	Gold (g/t)
JN11009	158.00	218.00	60.00	1.19
including	158.00	163.00	5.00	1.79
also including	159.05	159.55	0.50	9.77
and	184.00	205.00	21.00	2.47
including	198.00	203.85	5.85	5.12
also including	202.00	203.85	1.85	9.24

* g/t = grams per metric tonne

* The azimuth of the hole was 250° and the inclination was -45°; the total depth of the hole was 291.67 metres

* The reported results above are down hole interval lengths; true widths for the gold intercepts are not yet known

* Intercepts were calculated using a 0.1 g/t Au cut off

Cross Section of POW Zone Drill Hole JN11009:

http://www.abenresources.com/i/maps/Justin-POW-Zone-Section.jpg

Discussion of Results from Drill Hole JN11009:

Aben drilled a total of 2020 metres in ten holes on four mineralized zones throughout the Justin property in 2011. Drill hole JN11009 was the first drill hole to test the POW Zone, which is a mineral showing that was discovered during the 2010 field season. Chip sampling for the POW Zone in 2010 yielded results of 3.0 metres of 0.5 g/t Au and four grab samples from the POW Zone returned values of 1.05 g/t Au, 2.90 g/t Au, 1.22 g/t Au and 2.40 g/t Au. Notably, these chip and grab samples were taken from a location 400 metres east of the discovery hole JN11009. The gold values from the 2010 program were obtained from skarn-style replacement of limestone and quartz-calcite veining. A 207 kilometre airborne geophysical survey (magnetic and EM) was conducted over the Justin Property during the 2010 field season in conjunction with the grassroots geological survey carried out at the time. The purpose of the survey was to delineate favourable structural targets for gold mineralization, and to locate buried intrusive rocks in an attempt to constrain the source of gold mineralization on the property. The geophysics highlighted a pronounced magnetic high-EM conductor zone 400 metres west of the newly discovered gold mineralization from the 2010 field work. In addition the geophysics outlined an inferred buried intrusive stock, represented by a pronounced magnetic low, which lies between the POW Zone and the Main Zone located 2.4 kilometres to the south.

Plan View of Diamond Drill Holes in POW Zone:

http://www.abenresources.com/i/maps/Justin-Pow-Zone-DDH-plan.jpg

During the 2011 work program on the Justin Project field crews returned to the POW Zone to conduct follow up mapping and prospecting. Two new zones of alteration and mineralization were found west of the original POW Zone, which are coincident with one of the geophysical anomalies outlined in the 2010 airborne survey. The discovery of the broad alteration zones and favourable gold indicator minerals within the alteration zones prompted the decision to drill test the POW Zone this season.

The intercept observed in JN11009 starts at a vertical depth of 113 metres and is dominated by massive skarn-style replacement mineralization, which has been overprinted by quartz-calcite stock work veining. Both the skarn-style and vein-style mineralization carried gold values. The geochemical signature of the mineralized zone is characterized by elevated Au, Bi, Cu, Mo and W supporting an Intrusion Related Gold System. 

Results of the 2010 airborne survey and subsequent surface mapping confirm that the southern extent of the POW Zone is underlain by a granodiorite stock, and quartz monzonite dikes, interpreted to be part of the Cretaceous Tombstone-Tungsten Suite.

This observation is consistent with the surface work completed during the 2010 and 2011 programs.

As a result of this new greenfield gold discovery on the Justin Project, Aben has staked more claims around the property and in particular around the POW Zone on the northern part of the project. The Company has recently acquired 7,058 additional acres of mineral tenure in the immediate vicinity of the project. This new ground will facilitate an even more aggressive work program next season.

Justin Project Claims Map:

http://www.abenresources.com/i/maps/Justin-Claim-Boundary.jpg

Update on the Main Zone, the Confluence Zone and the Kangas Zone:

Two of Aben's ten holes (including JN11009) were drilled into the POW Zone with the remaining eight being drilled into the other three mineralized showings on the Justin Project. Assays are still pending for nine of the ten holes drilled in the program. The Main Zone is located 2.4 kilometres south of the POW Zone and hosts gold-bearing pyritic mineralization which occurs within a quartz monzonite dyke and adjacent calcareous siltstone. Historic chip sampling across this zone returned an average grade of 2.38 g/t Au over 22.5 metres. The Confluence Zone is about 1.3 kilometres east of the Main Zone and consists of a 600 metre by 250 metre area of coarse clastics hosting considerable fracture controlled chalcedonic veining. Historic grab samples from the zone returned gold values as high as 59.25 g/t Au in addition to historic chip sampling averaging 4.24 g/t Au over 4.5 metres. The third gold showing on the Justin Project, the Kangas Zone, consists of a 75 metre by 400 metre zone of skarn and replacement style mineralization within calcareous siltstone, which has returned widespread anomalous values of up to 3.46 g/t gold. This zone is about 1.4 kilometres south of the newly discovered POW Zone.

Justin Gold Project Previous Exploration Map:

http://www.abenresources.com/i/maps/Justin-Map3.jpg

Aben engaged TerraLogic Exploration Inc. of Cranbrook, BC to oversee all aspects of the 2011 exploration and drilling programs on the Company's Yukon and NWT projects. TerraLogic has been operating mineral exploration projects in North America since 1992 and has extensive experience up in the Yukon and NWT. Through TerraLogic, Aben arranged for field crews, support staff, camps, supplies, helicopters and drill rigs to conduct the exploration carried out this year.

Quality Assurance and Qualified Person:

Drill core analysis and assaying is being conducted by ALS Canada in Vancouver, B.C. Most ALS Minerals laboratories are registered or are pending registration to ISO 9001:2008, and a number of analytical facilities have received ISO 17025 accreditations for specific laboratory procedures. The drill core was split and sampled in standard sample intervals ranging from 0.5 to 1.2 metres. The core samples were analyzed by aqua regia 35 element ICP-AES, for gold by 30-gm fire assay with AA finish, and by gravimetric fire assay for  gold assays measuring greater than 10,000 ppb. Screened total metallic assays are being performed as a quality check on samples assaying over 1000 ppb. The Company has implemented a quality assurance and quality control program to ensure that the sampling and analysis of all samples is conducted in accordance with the best possible practices.

Tim J. Termuende, P.Geo., is the Qualified Person for Aben Resources as defined by National Instrument 43-101 and has reviewed and approved the technical information in this release.

About Aben Resources:

Aben Resources is a Canadian gold and silver exploration company developing properties in the Yukon and Northwest Territories. The Company is well funded with approximately $3 million in its treasury.

Aben's Yukon and NWT Properties Claims Map:

http://www.abenresources.com/i/maps/ABN_Property_Location.jpg

For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company's web site atwww.abenresources.com. 

ON BEHALF OF THE BOARD OF DIRECTORS

"Jim Pettit"

____________________________

JAMES G. PETTIT

President

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