TORONTO, April 9, 2013 /PRNewswire/ -- Trio Resources,
Inc. ("Trio" or the "Company") (OTCBB: TRII;
www.trioresources.com) and United Commodity AG ("UC";
Stuttgart: 3UI1:GR;
http://www.united-commodity.com) are pleased to
announce that the mineralized material shipped to UC on
February 4, 2013 (the "Shipment), has
produced Silver and other value metals, via processing at UC's
cutting-edge Yukon Refinery in Cobalt,
Ontario. The Shipment is the first to be processed at the
eco-friendly facility, as the inaugural material delivered by Trio
under a five-year Off-Take Agreement with UC. In addition to
refining capabilities, UC's facility also boasts the ability to
pour bullion into ingots through its United Commodity Bullion
Furnace.
The previously announced Off-Take Agreement calls for Trio to
deliver a minimum of $30MM of mineralized material to be processed
at UC's Refinery over a five year period. The minimum 20,000
tons—or 334 tons a month—of feed concentrate under the Agreement
will originate from Trio's aggregate stockpiles of an estimated
1.3MM tons of mineralized material.
"We are extremely pleased to begin what we believe will be a
fruitful and long-lasting relationship with UC," stated
Duncan Reid, CEO of Trio Resources,
Inc. "With our combined ability to mine, mill, refine and now
produce bullion bars, Trio and UC have incredible potential to
operate at a level on par with senior mining companies. Trio's
significant point-of-difference from other junior mining companies
is that our existing above-ground mineralized assets enable us to
produce ongoing revenues. The initial results realized through our
inaugural shipment to UC demonstrate the viability of our capacity
to continue to grow and produce positive revenues."
About Trio Resources, Inc.
Trio Resources, Inc. is an exploration and small-scale
processing company which plans to focus on the exploration and
milling of mineralized materials located in historically prolific
regions. Trio is organized to hold assets in the mining industry,
targeting older mining camps with residual value. Trio's intention
is to conduct an exploration program, in conjunction with milling
initiatives to monetize its existing above-ground mineralized
material on-site, with the purpose of being cash-flow positive
primarily through milling and marketing mineralized material and
concentrate to refiners. For more information, please visit
http://www.trioresources.com/.
About United Commodity AG
United Commodity specializes in the industrial application and
international marketing of innovative and sustainable refinery- and
recycling technologies in the precious metal sector. United
Commodity AG is listed on the Stuttgart stock-exchange: (WKN: A0M0F0, ISIN:
CH0032868199, Symbol: 3UI1).
Cautionary Note Regarding Forward-Looking Statements:
Except for the statements of historical fact contained
herein, certain information presented constitutes "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements, including but not limited to, those with respect to
potential expansion of mineralization, potential size of
mineralized stockpiles, and size and timing of exploration and
development programs, estimated project capital and other project
costs and the timing of submission and receipt and availability of
regulatory approvals involve known and unknown risks, uncertainties
and other factors which may cause the actual results, performance
or achievement of Trio to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. These risks and uncertainties include,
but are not limited to, the factors described in our Report on Form
8-K/A filed with the SEC on March 15,
2013, including the section captioned "Risk Factors"
therein. Given these uncertainties, you should not place undue
reliance on these forward-looking statements. The forward-looking
statements set forth herein reflect our estimates and assumptions
only as of the date of this press release and are subject to change
after such date. Except as required by law, we assume no obligation
to update any forward-looking statements publicly, or to update the
reasons actual results could differ materially from those
anticipated in any forward-looking statements, even if new
information becomes available in the future. The forward-looking
statements contained in this press release are expressly qualified
by this cautionary statement.
Contact Information
Trio Resources, Inc.
Toll-Free: 855.321.TRIO (8746)
Fax: 855.321.4335
www.trioresources.com
Investor Contacts
KCSA Strategic Communications
+1 212.896.1215 / +1 212.896.1233
tfromer@kcsa.com / pcarlson@kcsa.com
Todd Fromer / Philip Carlson
For United Commodity AG:
Jochen Schafer
Branch Zürich, Bellerivestrasse 20
CH-8008 Zurich
info@united-commodity.com
www.united-commodity.com
Phone +41 (0) 44 533 10 30
SOURCE Trio Resources, Inc.