Commander Resources Ltd. (CMD.V) 2013年年度报告「TSX-V」.pdf

1、CMD:TSX.V2013 AnnualReport Dear fellow shareholders:As an investor in junior resource companies,you are no doubt aware that 2013 was a very difficult year for exploration companies.In my Letter to Shareholders last year,I summarized our leveraging strategies through the use of strategic partnerships

2、.This strategy has served us well in this past year and we maintain that this business model is a sustainable method to explore and advance our projects.It has allowed the company to continue to advance multiple projects in one of the worst financial environments in decades.In 2013 we managed to com

3、plete considerable work on four projects without requiring a financing,or significant cost of field work,and we have maintained all of our core properties in good standing.We remain well positioned to be able to meet the challenges that the exploration industry is facing in the coming years.In summa

4、ry,work was done on four of our holdings in 2013:1.Commander attained 100%Ownership of South Voiseys Bay Nickel Project Following the discovery of the Voiseys Bay nickel deposit in the late 1990s,Commander was a leader in obtaining land in the South Voiseys Bay area,but it was such a popular area th

5、at the ownership of the district became very fragmented with many JVs and underlying agreements complicating the story.In 2013,we were successful in gaining ownership of 100%of a large land package by buying out Donner Metals as a JV partner and purchasing property from Northern Abitibi.We also mana

6、ged to negotiate the removal of an underlying back-in right held by Teck Resources Limited.This cleaning up process has enabled us to enter into discussions with potential partners in an area with attractive mineral potential and interest.2.36%owned Maritime Resources reported the Initial Resource E