Metals Pages Raises Tantalum Spot Price

In an attempt to keep shareholders and investors informed of the tantalum market, junior explorer Gippsland has advised that the UK based Metal-Pages group has announced that the tantalum spot price in June 2010 (as tantalite – Ta2O3), has increased by 8.77% from US$50 – 54 to US$54 – 60 per pound, an increase of some 70% since December 2009. Gippsland Directors are of the opinion that the Company’s 142.5 million tonne Abu Dabbab- Nuweibi projects, containing approximately 56 million pounds of contained tantalum (as Ta2O3), is unique in that Gippsland alone has the resource base to satisfy the long term demand for this sought after strategic

Editor’s Note: Paumanok Publications, Inc., believes that the price of tantalite may be higher at $70.00 per pound based upon primary interviews with ore vendors. November 2011 Update: Tantalite price now at an estimated $120.00 per pound, with shipments from Brazil approaching $150.00 per pound.

Additional Resources: (1) Tantalum Capacitors: World Markets, Technologies & Opportunities: 2010-2015 ISBN # 1-893211-11-8 (© April 2010) (2) TANTALUM: Global Market Outlook: 2008-2013 ISBN # 0-929717-81-3 (2008)