Key Investment Highlights

  • VIPR Industries has gained a significant foothold in Tanzania’s rapidly expanding mineral industry with the acquisition of a high quality gold prospect and a premier uranium property.
  • VIPR Industries’ Singida Gold Property is adjacent to Shanta Gold Limited’s newly discovered deposit where drilling indicates a resource of more than 543,000 ounces of gold.
  • Given the regional geology VIPR Industries believes similar gold mineralization is likely to occur on its Singida Gold Property.
  • Small-scale artisan miners are working throughout the Singida district, indicating ore grade gold mineralization on the surface.
  • On the company’s Itigi/Manyoni Uranium Property radiometric surveys have identified anomalies in 14 zones within the license area featuring high uranium counts.
  • VIPR Industries expects to begin exploration and development of its mining claims within the third quarter of 2008.
  • Mining companies are discovering almost two million ounces of gold annually in Tanzania, which has become the 3rd largest gold producer in Africa. (World Gold Council, July 10, 2008)
  • Tanzania offers the exploration industry a favorable investment climate and low-risk operating environment with significant potential for new discoveries. The Tanzania Geological Survey reports many commodities are still highly under-explored.
  • Mining production and revenues are ramping up as mining companies target Tanzania’s unexploited resources. Mineral exports are estimated at nearly $900 million per year. (The Citizen, “Mining firms”, May 16, 2008)
  • VIPR Industries has retained independent accounting and audit firm Chisholm, Bierwolf and Nilson to complete an audit for 2006 and 2007. The audit lays the groundwork for a near-term listing on a higher exchange.
  • Effective May 16, 2008 VIPR Industries completed a forward stock split which the company reports was executed in anticipation of future initiatives, including a filing for a listing on the National Association of Securities Dealers Over-the-Counter Bulletin Board (OTC: BB).
  • The International Atomic Energy Agency (IAEA) projects an increase in uranium demand from 66,500 tonnes per year to between 94,000 and 122,000 tonnes by 2030 as nuclear power generation expands worldwide.
  • The price of uranium is holding steady at $64 per pound as of July 22, 2008. Uranium generated an 1108% increase in 7 years, from $7.45 per pound in September 2000 to $90 in September 2007, and subsequently hit an all-time high of $138.
  • The gold sector is reaching 26-year highs. Gold prices are up 50% since August of last year as investors seek a safe haven from rising inflation and stock market volatility. The price of gold is hovering near $1000 per ounce, at $945 as of July 22, 2008.
Junior mining company Mantra Resources recently announced promising results from initial drilling at its Mkuju River uranium project in Tanzania. The Australian-listed company is hoping development of the Mkuju River project will enable it to become the world’s next mid-tier uranium company. Mantra’s share price has tripled on the ASX over the past year. (MiningMX, “Uranium focus turns to Tanzania”, June 17, 2008)