Q & A with Geovic Mining President Barbara Filas

December 30, 2011

BabyBulls (SAN DIEGO) – BabyBulls had the recent opportunity to speak with Barb Filas, President of Geovic Mining Corp. (OTCBB: GVCM; TSX: GMC).  Barb updated us on the Company’s operations in Cameroon, Africa as well as in New Mexico and provided us with a number of milestones to look for as we head into 2012.

Rick Mills Believes Cobalt is the King of Critical Metals, Good for Geovic Mining

August 31, 2011

PETALUMA (Critical Metals Report) – The Critical Metals Report: Most resource stock investors are focused primarily on the precious metals and copper and, to some extent, the rare earth elements (REEs), which have gained increasing coverage in the past few years. Base and industrial metals such as nickel, manganese and cobalt seem to attract little investor interest. Why is that?

Rick Mills: Well, let’s focus on cobalt, which has never been on the radar screens of most investors. It is something new and investors have to get their heads around exactly what it is, and just how important it is to the functioning of a modern economy, in the green movement and in defense applications. Cobalt is going to undergo a massive sea change in perception among investors because it is so much more than an industrial metal. I call it the “King of Critical Metals.” Cobalt is an emerging story we can expect to hear more and more about as critical metals are the sexy new story.

TCMR: Why don’t you give us a definition of critical metals so everyone’s on the same page?

RM: There’s been some controversy over what is and isn’t a critical metal, so let’s lay it out for our readers based on three reports published in the last year or so. The U.S. Department of Energy says materials used in four clean energy technologies: wind turbines, electric vehicles, solar cells and energy efficient lighting, are critical now. The American Physical Society’s Panel on Public Affairs and the Materials Research Society coined the term “energy critical element” to describe elements that are essential to one or more of the new energy-related technologies. The European Union commissioned a report that identified 14 materials critical to the EU.

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Geovic Initiates Exploration Program at Cornudas Mountains, New Mexico

April 29, 2011

Geovic Mining (OTCBB: GVCM; TSX: GMC) has completed the staking of five square miles (13 sq. km) of mining claims at its Cornudas Mountains exploration prospect in southern New Mexico. Initial work completed by the Company indicates that the Cornudas Mountains claims host an alkaline laccolithic intrusion that contains significant concentrations of the heavy rare earth enriched mineral eudialyte. In addition to the rare earths, significant enrichment in zirconium, hafnium, tantalum, tin, yttrium and niobium have been confirmed.

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Geovic Completes Feasibility Study, Commences Financing on Nkamouna Cobalt Project

April 19, 2011

Geovic Mining (OTCBB: GVCM; TSX: GMC) released its Final Feasibility Study for its Nkamoua cobalt-nickel-manganese project in Cameroon, Africa.  The results appear quite favorable, with Geovic’s 60.5% share of the project holding a $405 million net present value (NPV) assuming three-year trailing average prices for the respective metals, and a $191 million NPV assuming a 15% reduction in these average prices.

The study, completed by world-class engineering firm Lycopodium with input from numerous industry experts including a three-member panel of metallurgical experts, appears to set the stage for project financing later this year, and potentially equity investments from major industrial conglomerates into the project.  Offtake demand for the company’s PRIMARY COBALT DEPOSIT, particularly given that it is in the politically stable country of Cameroon, has been very high, so this study could catalyze conclusion of these discussions.

With a market capitalization of roughly $60 million, news of finality regarding the Feasibility Study clearly yields significant upside potential for the Company, particularly if it can solidify offtake and financing arrangements as anticipated.

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Geovic Awarded New Caledonian Licenses to Explore Chromite Deposits

February 15, 2011

Geovic Mining (OTCBB: GVCM; TSX: GMC) has been granted exclusive exploration licenses in New Caledonia, a French overseas island territory in the South Pacific. These licenses will enable the Company to evaluate the quality and extent of promising chromite-rich heavy mineral beach sand deposits in a program expected to commence later this year.

By way of background, several members of Geovic’s senior management team prospected for chromite deposits in the mineral-rich sands along the coast of New Caledonia during the 1980s.  Based on this work, together with subsequent advances in mineral separation technology, the Company determined that an opportunity existed to define and ultimately develop a potentially economic major chromite resource.

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Geovic Mining Announces New Senior Management Appointments

January 26, 2011

Geovic Mining (OTCBB: GVCM; TSX: GMC) makes some changes to its senior management team.  To start, Jack Sherborne will no longer be President and CEO, but rather will be in charge of the New Ventures Division.  This stems in large part from a mild stroke Jack experienced recently, from which he is expected to make a full recovery.  We have enjoyed working closely with Jack over the last several years, particularly traveling with him to various cities giving presentations to the investment community.

Michael Mason, a current director of the Company, has been appointed as Chief Executive Officer; Barbara Filas, the Company’s Chief Administrative Officer and Executive Vice President of Corporate Development, will become President; Timothy Arnold, most recently General Manager of General Moly, Inc. in Eureka, Nevada, has joined the Company as Chief Operating Officer; and Timothy Arnold will assume the role of Chief Operating Officer for the recently retired David Beling.

According to Wade Nesmith, Chairman of the Board of Directors, “These are important developments for the Company as it advances the Nkamouna project. The next year will be critical for us and we are pleased to be moving into 2011 with a realigned and augmented management team. Our key focus is to finalize the Feasibility Study Update and move forward toward identifying and executing the best plan to finance and develop the Nkamouna project.  We are encouraged by the strong support of our partner, SNI and the Government of Cameroon. This project is of key strategic importance to Cameroon and we are determined to lead this project to fruition. Mike, Barb, and Tim will play key roles in this effort.”

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Geovic Mining Update on Nkamouna Feasibility Study

December 21, 2010

Geovic Mining Corp. (OTCBB: GVCM; TSX: GMC) expects to release a feasibility study for its Nkamouna cobalt-nickel-managanese project by the end of April 2011.  The report will incorporate project changes since 2008, including improvements to the process chemistry, processing plant, and mine plan.

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