Acari Iron Ores Proposal Exploitation 1.1 Billion Dollars Noe Peru

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ACARI
IRON ORE CONCESSION
ECONOMIC PROPOSAL FOR THE EXPLORATION AND EXPLOITATION
ACARI CONCESSION
2011
Acari iron Peru, Eng. Noe Rodriguez Email: noero@gmx.net Skype noerods
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ECONOMIC PROPOSAL FOR THE EXPLORATION AND EXPLOITATION OF ACARI CONCESSION
WE ARE THE OWNER OF THE MINING RIGHT IN ACARI, FOR WHICH PRESENT THE FOLLOWING ECONOMICAL PROPOSAL:
GENERAL INFORMATION OF ACARI STAGE N1 PRE-EXPLORATORY OPERATION STAGE N2- EXPLORATION STAGE N3- EXPLOITATION IRON ORES AND SPONGE IRON TERMS AND CONTRACTUAL CONDITIONS ADDITIONAL INFORMATION
ANNEX N1 ANNEX N2 ANNEX N3 ANNEX N4 ANNEX N5 ANNEX N6
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ACARIPROJECT/GENERAL INFORMATION ANNEX N1
NAME OF THE PROJECT SIZE OF PROPERTY LOCATION DISTANCE FROM PACIFIC OCEAN DISTANCE TO SAN JUAN PORT MAIN OUTCROPS OF IRON ORE
: : : : : :
ACARI 800 HAS. BELLA UNION, CARAVELI, AREQUIPAPERU. 29 KM 60 KM THE VEIN4 HAS AN OUTCROP OF 1800 METERS OF LENGTH BY 4.50 METERS OF WIDTH (APPROXIMATELY). MIXTURE OF HEMATITE - MAGNETITE
QUALITY OF IRON ORE
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ANNEX N1
GEOPHYSICAL STUDIES DONE : STUDY OF ENGINEER GEOLOGIST, WHO PRESENTS THE DIAMOND DRILLINGS AND INITIAL RESERVES OF 1'382.320 METRIC TONS (DRILLED BY PREVIOUS COMPANY) AND HIGHLY PROBABLE OF 1556,840 METRIC TONS OF IRON ORE MAGNETITE-HEMATITE OF HIGH CONCENTRATION (TOTAL 3 MILLION TONS) BY QUANTEC GEOSCIENCE OF PERU (CANADIAN), STUDY PRESENTS 02 MAGNETIC BODIES OF 136 MILLION CUBIC METERS (M3).
GEOPHYSICS STUDIES DONE
INFERRED RESOURCES BY GEOPHYSICS
OVER 500 MILLIONS TONS IRON ORE (OBTAINED: 136M. M3 X 3.7 TONS/M3)
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ANNEX N1
CHEMICAL ANALYSIS : Fe AL2O3 MgO CaO 62.3% 1.4% 0.7% 0.62% Cu 0.01% TYPE OF IRON ORE : K 0.08% NA S 0.01% 0.11%
HEMATITE (Fe2O3) = 68% MAGNETITE (Fe3O4) = 32% FOR LUMPS ORES Fe CONTENT = 63-64% FOR FINES ORES Fe CONTENT = 64-65%
MAGNETIC CONCENTRATION FORECASTING
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CANADIAN GEOPHYSICAL STUDY PRESENTS 02 MAGNETIC BODIES OF 136 MILLION CUBIC METERS (M3), FOR TOTAL 500 MILLION TONS.
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TERRESTRIAL MAGNETOMETRY BY CANADIAN COMPANY
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ACARI PROJECT PRE-EXPLORATORY OPERATION
ANTECEDENTS
THIS DEPOSIT WAS ONE OF PREVIOUS MINES, WHICH WAS OPERATED UNTIL 1969 WITH FINANCING OF AMERICAN OVERSEAS FINANCE OF NEW YORK AND MINING BANK OF PERU (BANCO MINERO DEL PERU), HAVING EXPORTED TO JAPAN OVER 8 MILLIONS TONS OF HIGH CONCENTRATION IRON ORE, DURING 6 YEARS OF OPERATIONS.
ANNEX N2
OBJECTIVE
TO CARRY OUT A PRELIMINARY VERIFICATION OF THE POTENTIAL IRON ORE RESOURCES IN ACARI PROJECT TO PROVIDE SECURITY TO THE INVESTOR ABOUT THE IRON ORE VOLUME AND IRON ORE QUALITY, IN ACCORDING TO THE FIRST DRILLING RESULTS, THE INVESTOR GROUP CAN DECIDE TO CONTINUE OR RETIRE TO THE CONTRACT.
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PRE-EXPLORATORY OPERATION STUDIES
THE STUDIES OF THIS STAGE WILL BE AS FOLLOWS: 1. TERRESTRIAL GEOPHYSICS (MAGNETOMETRIC AND GRAVIMETRY), TO VERIFY THE EXISTENCE OF MAGNETIC BODIES THAT CAN APPEAR UNDER THE ANOMALIES DETECTED IN THE STUDY OF CANADIAN COMPANY QUANTEC GEOSCIENCE OF PERU, IT MEANS FROM 600 METERS UNDER OF THE ACARI SURFACE. 2. ARE REQUIRED 2 DIAMOND DRILLS UNDER VEIN 4 WITH A DISTANCE OF 300 METERS BETWEEN EACH DRILL AND A DEPTH OF 500 METERS IF THE CONTINUATION OF THE MINERALIZATION ALLOWS IT. 3. SHOULD BE DRILLED OTHER DIAMOND DRILLS UNTIL VERIFYING THE CENTER OF THE DETECTED MAGNETIC BODIES IN THE STUDY OF QUANTEC GEOSCIENCE OF PERU. THE DRILLINGS WILL ALLOW THE POSSIBLE DETECTION OF OTHER NONFERROUS MINERALS WITH COMMERCIAL VALUE AND ALLOW ALSO THAT THE INVESTOR GROUP DECIDES TO CONTINUE OR TO SUSPEND THE DIAMOND DRILLS ACCORDING WITH THE INITIAL OBTAINED RESULTS ABOUT THE QUALITY OF THE IRON ORE, IN OTHER MINERALS AND THEIR CONSEQUENT COMMERCIAL VALUES.
ANNEX N2
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PRE-EXPLORATORY OPERATION BUDGET (STAGE N1)
1.1.1. GEOPHYSICS
TERRESTRIAL MAGNETOMETRIC STUDY LINE OF 80 KM READING WITH A MINIMUM OF 10 METERS EACH AND 30 POINTS MINIMUM OF GRAVIMETRY FOR AN EXTENSION OF 700 HECTARES AND UNDER OF 600 METERS FROM THE SURFACE (WEST SIDE). REFERENCIAL BUDGET REFERENCIAL TIME : : US$ 50,000.00 30-45 DAYS.
ANNEX N2
2.2.2.
DIAMOND DRILL
INCLUDING PERMITS, ENVIRONMENTAL IMPACT STATEMENT (EIS), GOVERNMENT PROCEDURES, CONSTRUCTION OF PLATFORMS AND 2000 METERS OF DIAMOND DRILLS, MINIMUM FOR AN EXTENSION OF 800 HECTARES. REFERENCIAL BUDGET REFERENCIAL TIME TOTAL ESTIMATED INVESTMENT BUDGET REFERENCIAL TIME : : : : US$ 550,000.00 180 DAYS. US$ 600,000.00 4 MONTHS
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ACARI PROJECT/EXPLORATION (STAGE N2) ANNEX N3
INCLUDES THE DEVELOPMENT OF THE ENVIRONMENTAL IMPACT STUDY (EIS) AND UPGRADES NECESSARY GOVERNMENTAL, GOVERNMENT PERMISSION FOR CONSTRUCTION OF 20 INITIAL DRILLING PLATFORMS (CATEGORY1) AND UPGRADES REQUIRED. THE GOAL IS TO DRILL ALL THE MINERALIZED ZONES INDICATED BY GEOPHYSICAL STUDIES UNTIL A MAXIMUM PERMISSIBLE MINERALIZED DEPTH IN ORDER TO GET AN INDICATED/MEASURED JORC RESERVES IN ALL DEPOSIT. TO ACHIEVE OBJECTIVES STATED PROVIDED THE FOLLOWING PARAMETERS, LIMITS: 1. 2. NUMBER OF HOLES SHOULD BE NO LESS THAN 75 DIAMOND DRILLS. THE DISTANCE BETWEEN EACH DRILL TO BE NO LESS THAN 200 METERS.
3. DEPTH OF EACH DRILL TO BE NO LESS THAN 300 METERS INSIDE OF MINERALIZED ZONE 4. THE PROGRAM OF DIAMOND MUST BE AT LEAST OF 22.000 LINEAR METERS INSIDE OF THE MINERALIZED ROCK. TOTAL ESTIMATED INVESTMENT DRILLING BUDGET
: US$ 5 MILLIONS
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ACARI PROJECT/EXPLOITATION: 2,000,000 MT/MONTH ANNEX N4
STAGE N3 (ALSO NEEDED TO HAVE MIXED PRODUCTION WITH SPONGE IRON 5MTPA)
THE INVESTMENT BUDGET FOR PRODUCING 24MTPA OF IRON ORE, IT IS ESTIMATED AS FOLLOWS: MINE AND INFRASTRUCTURE PROCESSING PLANT CONVEYOR BELT (40 KMS) PORT AND INFRASTRUCTURE SERVICES CONTINGENCY ESTIMATE SUB-TOTAL $166000,000.$ 190000,000.$200000,000.$230000,000.$ 24000,000.$ 90000,000 .$900000.000.-
THE OPERATIVE CAPITAL FOR 3 MONTHS IS ESTIMATED IN US$ 267000,000.TOTAL INVESTMENT : $ 1,167000,000.00 ($ 1,17 BILLION) OPERATING BUDGET (EXPLOITATION, CRUSHING/CLASSIFICATION, MAGNETIC CONCENTRATION, TRANSPORTATION TO PORT AND SHIPPING EXPENSES), IS ESTIMATED AT U.S.$ 44.50 X TM.
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ANNEX N4
A FORE CASTING OF INCOME / EXPENSES FOR THE FIRST YEAR IS ESTIMATED AS FOLLOWS:
INCOME/FIRST YEAR
24000,000 MT X FOB$ 120.- X MT $2,880000,000.-
EXPENSES/FIRST YEAR
24000,000 TM X $44.50 X TM $1,068000,000.$ 1,812'000, 000.-
GROSS PROFIT / FIRST YEAR:
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TERMS AND CONTRACTUAL CONDITIONS ANNEX N5
WE PROPOSES AN ASSOCIATION TO SELL 60% OF ACARI MINING RIGHTS TO THE INVESTOR GROUP, WHICH INCLUDES THE PAYMENT TO THE MINING GROUP FOR DOWN PAYMENT AND FOR THE PROBABLE/PROVED RESERVES IN 3 MILLIONS METRIC TONS. THE ACCOMPLISHMENT OF THE PRE-EXPLORATORY OPERATION, FINAL EXPLORATION AND THE PAYMENTS FOR ALL THE RESOURCES AND MINERAL RESERVES THAT CAN BE DETECTED IN THE INITIAL AND FINAL EXPLORATION.
THE INVESTMENT BUDGET FOR THE PRE-EXPLORATORY OPERATION IS ESTIMATED IN $ 600,000 AND ITS SCOPES AND DETAILS CAN BE FOUND IN THE ANNEX N2. THIS STAGE WILL DEFINE A PRELIMINARY QUANTIFICATION OF IRON ORE RESOURCES AND OTHER SUBSTANCES IN THE ACARI PROJECT. TO ACHIEVE A DIAMOND DRILL MESH SCHEDULE TO DEVELOP STAGE 2 (ANNEX N3) IN THE FINAL EXPLORATION.
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ANNEX N5
THE EXPLORATION OF THE DEPOSIT HAS THE OBJECTIVE TO EVALUATE INTEGRALLY THE IRON ORE DEPOSIT UNTIL 2000 METERS UNDER NEATH OF THE ACARI SURFACE. IF THE STUDIES SHOW MINERALIZATION WITH ACCEPTABLE COMMERCIAL VALUES OF IRON Fe AND/OR OTHER SUBSTANCES IN ORDER TO DEFINE GRADUALLY THE INDICATED RESERVES FOR ESTABLISHING A PAYMENTS CHRONOGRAM TO THE MINING GROUP, ACCORDING WITH THE ADVANCE AND VALUATION OF THE QUANTIFIED RESOURCES AND RESERVES.
WE PROPOSE A FIDUCIARY AGREEMENT (ESCROW) WITH AN INTERNATIONAL BANK, ACCEPTED BY THE INVESTOR GROUP. THE MINING GROUP SHOULD TRANSFER TO THE FIDUCIARY BANK THE 60% OF ACARI MINING RIGHTS AND ALSO THE INVESTOR GROUP SHOULD COMPLY STRICTLY WITH THE INVESTMENT COMMITMENTS AND FIRST DISBURSEMENTS FOR THE MINING GROUP. IN ORDER WHEN THE INVESTOR GROUP FINISHES FULFILLING ALL COMMITMENTS, THE FIDUCIARY BANK SHOULD TRANSFER THE 60% OF THE MINING PROPERTY OF ACARI TO THE INVESTOR GROUP.
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ANNEX N5
INTEGRAL STAGE N2/EXPLORATION (ANNEX N3), WILL HAVE TO BE FULFILLED BY THE INVESTOR IN 5 SUB-STAGES, WHICH WILL BE DEFINED IN A CHRONOGRAM OF EXPLORATION. ONCE THE EXPLORATORY PRE-OPERATION IS CONCLUDED IN EACH OF THE 05 SUB-STAGES, THE GROUP INVESTOR WILL HAVE TO PUT INTO EFFECT THE PAYMENTS TO THE MINING GROUP, ACCORDING TO THE VALUATION OF THE RESERVES OPEN PIES, AT THE RATE OF A VALUE BY METRIC TON, ACCORDING TO THE QUALITY THAT CONTAINS.
FOR THE EFFECTS OF VALUATION OF THE RESERVES DETECTED IN VEIN 4 IN STAGE PREEXPLORATORY, OUTSIDE THE VOLUME OF 3 MILLION METRIC TON PROBED/PROBABLE, THE VALUE BY METRIC TON IS $2,50 USD, OF SUCH RESERVES PROJECTED IN THE 1.800 METERS OF LENGTH, BY ALL THE DEPTH THAT CONTAINS.
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ANNEX N5
FOR THE EFFECTS OF VALUATION BY EACH METRIC TON OF INDICATED AND DISCOVERED RESERVES IN THE STUDIES OF EXPLORATION OF THE STAGEN2, DETERMINES IT HAS A VALUE EQUIVALENT TO THE 0,4% OF THE VALUE IS DETERMINED AVERAGE OF THE IRON ORE SPOTFINES F.O.B (INDIA, AUSTRALIA AND BRAZIL), IN AGREEMENT WITH SPECIALIZED PUBLICATION CRU-MONITOR IMMEDIATELY PREVIOUS TO THE DATE OF VALUATION, WHENEVER THE IRON MINERAL OF PROJECT ACARI HAS A CONTENT BETWEEN 50-55% Fe (TOTAL IRON) AND OF 0,25% OF THE SAME AVERAGE, BY THE RESOURCES BETWEEN 40-50% PROPORTIONAL Fe (IRON) AND VALUES FOR THE ENDS. IT IS PROPOSED THE SIGNATURE OF THE FIDUCIARY CONTRACT TO THE INVESTOR GROUP SHOULD DEPOSIT TO THE ESCROW BANK THE SUM CORRESPONDING TO THE 3 MILLION METRIC TON OF EXISTING RESERVES PROVED/PROBABLE PLUS DOWN PAYMENT. ALSO, IF THERE WILL BE OTHER MINERAL SUBSTANCES IN THE RESOURCES TO DETERMINE IN PROJECT ACARI LIKE GOLD, SILVER, RECEIVES OR ANOTHER MINERAL OR METAL WITH COMMERCIAL VALUE, SHOULD BE PAID BY THE INVESTOR GROUP TO THE MINING GROUP IN THE SAME PROPORTIONAL PROPORTIONS AND/OR MEASURES, THAT THE APPLIED ONES IN THE IRON ORE.
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ANNEX N5
IT IS SETTLED DOWN THAT THE RESERVES DETECTED IN VEIN 4, OUTSIDE THE 3 PROBABLE PROVEN MILLION METRIC TONS, SHOULD BE PAID TO THE MINING GROUP, AT THE END OF THE PRE-EXPLORATORY OPERATION. IT IS SETTLED DOWN THAT THE PAYMENTS THAT INVESTOR GROUP SHOULD CARRY OUT TO THE MINING GROUP FOR THE VALUATION OF INDICATED RESERVES WILL HAVE TO CORRESPOND TO 60% OF SUCH VALUES, CONSIDERING THE SAME PROPORTION OF SHARES THAT SHOULD RECEIVE THE INVESTOR GROUP. IF THERE WILL BE OTHER MINERAL SUBSTANCES HAVE IN THE RESOURCES TO DETERMINE IN PROJECT ACARI LIKE GOLD, SILVER, RECEIVES OR ANOTHER MINERAL OR METAL WITH COMMERCIAL VALUE, SHOULD BE PAID BY THE INVESTOR GROUP TO THE MINING GROUP IN THE SAME PROPORTIONS, THAT THE APPLIED ONES IN THE IRON MINERAL.
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ANNEX N5
IT IS CONSIDERED THAT THE VALUATION OF MINERALS AND Fe THAT ARE DISCOVERED DURING RESERVATIONS EXPLORATION STUDIES MUST BE ADJUSTED TO SECURITIES OF THE MONTH PRIOR TO EACH SUB-STAGE INDICATED, AS WELL AS THE MINING GROUP IN EACH SUB-STAGE INDICATED MAY CHOOSE THE CURRENCY OR VALUE OF THE FIRST DISBURSEMENT PHYSICAL GOLD, ACCORDING TO THE QUOTE OF THE MONTH PRIOR TO EACH RESPECTIVE RECOVERY AND LIQUIDATION. NOTED THAT ALL THE TERMS AND CONDITIONS PRESENTED IN THIS CHAPTER SHALL BE IMPROVED, EXPANDED OR CORRECTED IN TALKS TO DEFINE DESERVING VERY CLEARLY THE TRUST AGREEMENT BETWEEN THE PARTIES.
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PROCEDURE AND DETAILED CONDITIONS FOR THIS JOINT VENTURE BUSINESS PROPOSED 1. OBJECT OF THE ASSOCIATION:
(A) INVESTMENT IN EXPLORATION UNTIL OBTAIN A MINIMUM RESERVE OF 30 MILLION TONS OF IRON ORES, AND TO INVEST TO EXPLOIT AND EXPORT 10 MILLION TONS OF Fe IRON ORES PER YEAR, WITH LATER AND SIMULTANEOUS MANUFACTURE OF 5 MILLION TONS OF SPONGE IRON (TO DECREASE THE FREIGHT COST TO ASIA, IT IS PREFERRED TO MAKE SPONGE IRON). (B) TO CONTINUE THE EXPLORATION, WITH THE SAME TERMS OF POINT (A) UNTIL ACHIEVING RESERVES OF 300 MILLIONS TONS.
2. TYPE OF CONTRACT OF ASSOCIATION:

JOINT VENTURE, WITH SALE OF SHARES (STOCKS) THROUGH FIDUCIARY CONTRACT (ESCROW).
3. SHARES SALE:
PROPOSED THE SALE OF 60% OF SHARES AND RIGHTS OF THE CONCESSIONS TO THE INVESTOR GROUP.
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4. SALE PRICE:
THE SALE PRICE OF 60% OF THE SHARES AND RIGHTS OF THE CONCESSION TO THE INVESTOR GROUP WILL BE AS FOLLOWS: (A) FULFILLMENT OF INVESTMENT COMMITMENTS OF EXPLORATION AND EXPLOITATION, POINT (1). (B) CASH PAYMENTS AGAINST THE ACCOUNT OF THE FUTURE PROFITS OF MINING GROUP.
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5. VALUE OF SALE BY METRIC TON OF IRON ORE IN SITU:
FOR THE EFFECTS OF VALUATION PER EACH METRIC TON OF INDICATED RESERVES AND RESOURCES DETERMINED IN THE EXPLORATION STUDIES, THIS SETTLES DOWN A VALUE AVERAGE OF THE IRON ORE SPOT-FINES F.O.B (INDIA, AUSTRALIA AND BRAZIL), ACCORDING WITH SPECIALIZED PUBLICATION CRU-MONITOR IMMEDIATELY PREVIOUS TO THE DATE OF VALUATION.
(A) FOR MEASURED RESERVES THE VALUE. WITH 60% Fe TOTAL IRON, WILL BE OF 0.60% PER METRIC TON IN SITU. (B) FOR INDICATED RESERVES THE VALUE WITH 60% Fe TOTAL IRON, WILL BE OF 0.40% PER METRIC TON IN SITU. (C) FOR INFERRED RESERVES, THE VALUE WITH 60% Fe TOTAL IRON WILL BE OF 0.30% PER METRIC TON IN SITU. (D) IF THE AVERAGE OF LAWS OF Fe TOTAL IRON IN THE DRILLS WERE INFERIOR VALUES AVERAGE TO 60% Fe TOTAL IRON, THE FIXED PRICES WILL BE REDUCED PROPORTIONALLY
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AND IF WERE OBTAINED HIGHER VALUES AVERAGE TO 60% Fe TOTAL IRON, THE FIXED PRICES WILL BE INCREASED PROPORTIONALLY. (E) WITH RELATIONSHIP TO OTHER SUBSTANCES THAT CAN BE DETECTED IN THE EXPLORATION, THE VALUES OF SALE OF MINERALS, THEY WILL BE APPLIED IN SIMILAR AND PROPORTIONAL FORM TO THE ONE USED IN THE VALUES OF SALE FOR METRIC TON OF FERROUS ORES. (F) THE VALUES OF SALE OF THE FERROUS AND NOT FERROUS SUBSTANCES WILL BE LIQUIDATED, WITH REFERENCE TO THE PRICE IN THE INTERNATIONAL MARKET OF THE PREVIOUS MONTH. (G) THE INVESTOR GROUP WILL ONLY PAY 60% OF THE TOTAL APPRAISEMENT OF MEASURED RESERVES, INDICATED AND INFERRED THAT IS POSSIBLE TO DETERMINE IN THE STAGE OF EXPLORATION.
6. COMMITMENTS OF THE INITIAL INVESTMENT (STAGE 1):

IT IS ESTABLISHED THAT IN THIS STAGE, INVESTMENTS WILL BE DUE TO CARRY OUT IN A PROGRAM STEP BY STEP, IN ORDER TO REDUCE TO THE MINIMUM, ANY TYPE OF POSSIBLE INITIAL RISK, UNTIL OBTAINING A CLEAR EVIDENCE OF THE POSSIBILITIES TO CUBE (VALUE)
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ACCEPTABLE VOLUMES OF MINERAL OF IRON (TOTAL Fe), AND OTHER MINERALS THAT CAN EXIST IN THE ALL AREA OF CONCESSIONS AND TO VERIFY THE CONCENTRATION AND QUALITY OF THE MINERAL.
THE INVESTMENT COMMITMENTS SHALL BE THE FOLLOWING:
(A) GEOPHYSICAL
FOR THE VERIFICATION AND THE INITIAL CONFIRMATION OF THE ABNORMALITIES AND MAGNETIC BODIES, THEY WILL ONLY BE REQUIRED 200 LINES OF 1 KM DE TERRESTRIAL MAGNETOMETRY WITH OVER HOUSER EQUIPMENTS OR SIMILAR AND 50 POINTS OF GRAVIMETRY.
(B) DIAMOND DRILLS

IT WILL ONLY BE REQUIRED TWO DRILLS OF 150 METERS DEPTH EACH ONE, TO FINISH THE VERIFYING OF QUALITY OF THE MINERAL IN THE MAIN MAGNETIC BODIES.
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(C) OPERATIVE AND ADMINISTRATIVE EXPENSES
INCLUDING COMMUNITARIAN AGREEMENTS (DIA), AND OTHERS.
7. FULFILLMENT OF COMMITMENTS INVESTMENT (STAGE 2):

THE INTEGRAL EXPLORATION, EXPLORATORY COMMITMENTS, WILL BE BASED ON AN EXPLORATION PROGRAM TO BE DEFINED THAT INCLUDES THE FOLLOWING: (A) TOTAL AND COMPLETE GEOPHYSICS. (B) DIAMOND DRILLS (C) OPERATIVE AND ADMINISTRATIVE EXPENSES INCLUDING THE MAINTENANCE IN COMMUNITARIAN AGREEMENTS AND DEVELOPMENT OF ANY STUDY OR EXTENSION THAT IS REQUIRED.
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8. LIMITS AND CONDITIONS OF EXPLORATION:
(A) WHOLE FERROUS EXPLORATION STAGE YOU WILL HAVE A MAXIMUM DURATION OF 18 MONTHS AND THE EXPLORATION OF OTHER MINERAL SUBSTANCES, WILL BEGIN IMMEDIATELY, AND SHOULD HAVE A MAXIMUM DURATION OF OTHER 18 MONTHS FROM THE DATE OF DETECTION OR DISCOVERY. (B) THE EXPLORATION WILL COMPREHEND, TO ALL MINERAL FERROUS RESOURCE THAT WILL BE, AT LESSER THAN 500 METERS OF AVERAGE OF DEPTH OF EACH CONCESSION AND FOR THE NON FERROUS RESOURCES THE EXPLORATION WILL BE MADE IN ALL ITS DEPTH. (C) ONCE ENDED AND VERIFIED THE GEOPHYSICAL STUDY WITH THE COMPLETE MAGNETOMETRY AND GRAVIMETRY, WITH DEVELOPMENT OF MAGNETIC BODIES IN 3D. THE MINING GROUP WILL PROPOSE TO THE INVESTOR GROUP A PLAN AND TIMELINE OF DIAMANTINE DRILLINGS, WHICH WILL FIX A MINIMUM OF LINEAL METERS OF DIAMANTINE DRILLINGS TO DEVELOP, AND THE TERM OF DURATION. (D) THE EXPLORATION WILL OBTAIN THE QUALIFICATION 43101 OR JORC, AS PRIORITY FOR EACH 30 MILLION METRIC TONS OF MEASURED RESERVES.
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(E) THE EXPLORATION WILL OBTAIN THE QUALIFICATION 43101 OR JORC, AS PRIORITY FOR THE REMAINING 50% OF RESERVES, AS INDICATED RESERVES. (F) THE EXPLORATION WILL OBTAIN THE QUALIFICATION 43101 OR JORC OF THE OTHER 50% OF REMAINING RESERVES, AS INFERRED RESERVES. (G) IN CASE THEY ARE DISCOVERED OTHER MINERAL SUBSTANCES WITH COMMERCIAL VALUES AS Au, Ag, Cu, Pb, Zn AND ANY OTHER MINERAL, THE INVESTOR GROUP WILL PUT UNDER AN OBLIGATION TO SCAN INTEGRAL AND COMPLETELY SUCH RESOURCES AT ONE TIME NOT GREATER THAN 18 MONTHS, FROM THE DATE OF THE DISCOVERY.
9. INVESTMENT COMMITMENT EXPLOITATION (STAGE 3):

THE INVESTMENT COMMITMENT EXPLOITATION WILL BE AS FOLLOW: (A) FOR THE FIRST MEASURED RESERVES OF 30 MILLION METRIC TONS, THE INVESTOR GROUP WILL INVEST IN A PROJECT OF EXPLOITATION AND EXPORT OF MINERAL OF IRON WITH A MINIMUM CAPACITY OF 10 MILLIONS METRIC TONS PER YEAR AND LIKEWISE IN A PLANT OF SPONGE IRON OF CAPACITY FROM 5 MILLIONS METRIC TONS PER YEAR. (B) ALTHOUGH, THE EXPLORATIONS WILL CONTINUE FOR EACH NEW MEASURED RESERVE OF 30 MILLION METRIC TONS OF IRON MINERAL, THE INVESTOR GROUP WILL MAKE THE ESTABLISHED INVESTMENTS IN THE POINT (A).
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(C) ALTHOUGH THE INVESTOR GROUP WILL WANT TO CHANGE THE INVESTMENT OF EXPLOITATION AND EXPORT OF IRON ORES, FOR A TOTAL PRODUCTION OF SPONGE IRON, THE MINIMUM CAPACITY OF PRODUCTION WILL BE 50% OF THE SUITABLE ONE IRON ORES, THAT IS TO SAY 5 MILLION METRIC TONS PER YEAR. (D) THE INVESTOR GROUP WILL INVEST 100% IN THE INDICATED PROJECTS IN THE POINT (C), FOR THE WHICH THE 40% OF THE SHARES (STOCKS) OF THE MINING GROUP WILL BE GOLDEN SHARES (STOCKS), WITHOUT ANY DILUTION, AND WITHOUT DECREASING. (E) THE TOTAL AMOUNT OF THE VALUE, OF EACH 30 MILLION METRIC TONS OF MEASURED RESERVES, PLUS THE VALUES OF INDICATED RESERVES AND INFERRED INDICATED IN THE POINT (5), WILL BE PAID BY THE INVESTOR GROUP TO THE MINING GROUP, IN A TIMELINE TO BE DEFINED IN THE CONTRACTUAL NEGOTIATIONS.
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10. TIMELINE OF CASH PAYMENTS TO MINING GROUP:
THE TIMELINE OF PAYMENTS WILL BE AS FOLLOW: (A) DOWN PAYMENT AT THE MOMENT OF SIGNATURE OF CONTRACT NOTE: THIS DOWN PAYMENT YOU WILL MAKE TO THE FIDUCIARY BANK (ESCROW), AGAINST THE MINING GROUP GIVE TO FIDUCIARY BANK THE 60% OF CONCESSION RIGHTS OWNERSHIP, TO BE TRANSFERRED TO INVESTOR GROUP WHEN FULFILLED THE WHOLE INVESTMENT COMMITMENT. (B) PAYMENTS OF USD $ 400,000.- EVERY 3 months AFTER THE SIGNATURE OF THE CONTRACT, DURING THE ALL STAGE OF EXPLORATION. (C) CASH PAYMENTS FOR THE MINING GROUP WILL BE COUNTED AGAINST THE ACCOUNT OF THE FUTURE PROFITS OF MINING GROUP.
11. DETAILS OR MAGNIFICATIONS:

THE PRESENT TERMS AND CONDITIONS WILL BE EXPANDED, DETAILED OR CLARIFIED IN THE NEGOTIATIONS OF THE FINAL CONTRACT AMONG THE PARTS, EQUALLY OTHER TERMS AND CONDITIONS NOT INDICATED PRESENTLY, THEY WILL BE INCORPORATED IN SUITABLE NEGOTIATIONS.
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ACARI PROJECT/INFRASTRUCTURE
ACARI OWNS TRAILS OF ACCESS INSIDE CONCESSION FOR 60TONS TRUCKS. AT 12 KM OF THE PANAMERICAN HIGHWAY PORTS AND DISTANCES FROM ACARI 1. PISCO/230 KM (10M SEA DEEP) 2. SAN JUAN/60 KM (15M SEA DEEP) 3. SEA BAY/42 KM (27M SEA DEEP) TO BE CONSTRUCTED LICENSE OBTAINED ELECTRIC LINE AT 15 KM. WATER AT 18 KM.
ANNEX N6
1
ACARI PROJECT
2 3
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PICTURES OF ACARI IRON CONCESSION
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PICTURES OF ACARI IRON CONCESSION
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If interested, contact authorized agent: Regards.
Eng. Noe Rodriguez Company: ARKESA Emails: noero@gmx.net Phone: +511-392-2233 Mobile: +51-992456967 Fax (USA): +1-206-3330645 Skype: noerods

Acari Iron Ores Proposal Exploitation 1.1 Billion Dollars Noe Peru

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ANNEX N1 ANNEX N2 ANNEX N3 ANNEX N4 ANNEX N5 ANNEX N6

QUALITY OF IRON ORE

GEOPHYSICS STUDIES DONE

INFERRED RESOURCES BY GEOPHYSICS

MAGNETIC CONCENTRATION FORECASTING

GROSS PROFIT / FIRST YEAR:

2. TYPE OF CONTRACT OF ASSOCIATION:

6. COMMITMENTS OF THE INITIAL INVESTMENT (STAGE 1):

THE INVESTMENT COMMITMENTS SHALL BE THE FOLLOWING:

(B) DIAMOND DRILLS

7. FULFILLMENT OF COMMITMENTS INVESTMENT (STAGE 2):

9. INVESTMENT COMMITMENT EXPLOITATION (STAGE 3):

11. DETAILS OR MAGNIFICATIONS:

If interested, contact authorized agent: Regards.

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