Excelsior Mining Corp (EXMGF)

[douginil]

Excelsior Mining Provides Update on Mining Activities at Gunnison and JCM Copper Projects


Excelsior Mining Corp. (TSX: MIN) (FSE: 3XS) (OTCQB: EXMGF) ("Excelsior" or the "Company") is pleased to provide an update on the mining camp encompassed by the Gunnison Copper Project (Gunnison), the Johnson Camp Copper Mine (JCM) and Strong and Harris, located in Cochise County, southeastern Arizona.

Nuton - JCM Update

In addition to the favorable drilling results which were previously announced on September 14, 2023 and October 16, 2023, Nuton related activities are progressing according to plan and remain on budget and on schedule. Nuton has begun running leaching tests with the NutonTM technologies.
Should Nuton elect to move to Stage 2 of the project, then construction is anticipated to commence in H1 2024.

Gunnison Copper Project Update

Additional well stimulation modelling has recently been completed, which supports the results of prior modelling, indicating well stimulation has the potential to greatly improve flow, connectivity and permeability, thereby improving sweep efficiency and gas bubble removal. See October 18th 2022 News for prior modelling.
Contractors have been identified for certain aspects of the well stimulation trails and long-lead item equipment has been acquired or ordered.
Trials are subject to work plan approvals and additional working capital.

Mining Camp

Excelsior is taking a broader and more integrated view of the entire mining camp under its control, including the potential for a large centralized processing facility taking advantage of the recent advances in sulfide leaching technology, like that provided by Nuton, combined with more traditional mining approaches like large open pit mining.
Well stimulation at the Gunnison Copper Project remains the primary focus; however, the results of Excelsior's review may indicate favorable economics for open pit mining of Excelsior assets.
The resource estimate the Gunnison Copper Project compares favorably to other proposed open pit mining operations in Arizona in terms of grade and tonnage.
The concept of a larger, centralized processing facility being fed by traditional mining activities would benefit the nearby Strong and Harris project, which is located only 2 miles (3.2 km) north of Johnson Camp.

"There are relatively few large copper development projects in safe jurisdictions around the world that have our permitting track record and near-term production potential. That makes us very excited by the future of our mining camp. JCM, Strong and Harris and Gunnison have the combined potential for over 150 million pounds of copper per year assuming full production ramp up is achieved, which would make Excelsior a top 10 copper producer in Arizona," states Stephen Twyerould, President and CEO.

[Dead On Arrival]

Very tough to watch the price slowly dropping in a daily basis. Gunnison news is the only thing I want to see and there are crickets. Maybe sometime in 2024 we will see where the submissions stand.

[The DMan]

Lay Mans terms .... Comments on this P.R ? On this POS Stock !!!

[douginil]

Excelsior Mining Announces Assay Results from JCM Stage 1 Drilling with Nuton, a Rio Tinto Venture


Excelsior Mining Corp. (TSX: MIN) (FSE: 3XS) (OTCQB: EXMGF) ("Excelsior" or the "Company") is pleased to announce assay results at the Johnson Camp Mine (JCM) from the Stage 1 drilling with Nuton LLC ("Nuton"), a Rio Tinto venture. The program consists of drilling approximately 6,000 feet of PQ core, primarily for the purposes of further metallurgical evaluation. The samples from the drill program will be processed for mineralogy and tested using the Nuton™ process. The program is being funded by Nuton and carried out by Excelsior in connection with the previously announced Option to JV Agreement.

"We are very happy with the results of the Stage 1, Phase 2 drilling with all holes finishing in mineralization and intersecting over 200 feet (true thickness) of good grades, with all lower intersections averaging over 0.55% total copper (highlighted below). The results are sufficient to warrant some additional drilling to the south which will commence this month. Mineralogical and metallurgical testing has also commenced," comments Roland Goodgame, Senior Vice President Business Development.

[suerte88]

This mine is dead.
Market just have to pull the trigger of the devices keeping it alive.

[douginil]

Excelsior Mining Announces Assay Results from JCM Stage 1 Drilling with Nuton, a Rio Tinto Venture


Excelsior Mining Corp. (TSX: MIN) (OTCQB: EXMGF) (FSE: 3XS) ("Excelsior" or the "Company") is pleased to announce assay results at the Johnson Camp Mine (JCM) from the Stage 1 drilling with Nuton LLC ("Nuton"), a Rio Tinto venture. The program consists of drilling approximately 6,000 feet of PQ core, primarily for the purposes of further metallurgical evaluation. The samples from the drill program will be processed for mineralogy and tested using the Nuton™ process. The program is being funded by Nuton and carried out by Excelsior in connection with the previously announced Option to JV Agreement.

"The initial drill results from the bottom of the Burro pit are high-grade, averaging around 1% copper. These grades are in-line with expectations in this area, which is why we remain excited about the prospects of mining and leaching this predominantly sulfide copper mineralization in partnership with Nuton," comments Roland Goodgame, Senior Vice President Business Development.

For more information on Excelsior, please visit our website at www.excelsiormining.com.

[Dead On Arrival]

The Rio Tinto news is ok but it is all about Gunnison and there has been no clarity on when they will start doing the work needed. The company will also need funding and we do not know the costs. It will be a blessing when this uncertainty goes by the wayside.

[snowmanMTU]

This stock always takes a hit when good news comes out. It's the weirdest thing.

[Dead On Arrival]

Hoping we see some sort of news brief by end of year. It is all about getting Gunnison going. Seems like some are leaving the ship though as there is pressure on the stock price.

[Jovko]

On June 1st 2023 Excelsior released news that:
- Permit Amendment for Well Stimulation at the Gunnison Copper Mine is Now Effective
- Excelsior intends to proceed to field trials in early H2 of 2023.

Any ideas of what is the current status of the Well Stimulation trials and when should we expect results?

[rubberworm]

https://www.washingtonpost.com/opinions/2023/08/25/china-critical-minerals-climate-change-batteries/

[Dead On Arrival]

Is is fairly obvious that the company needs funding to carry out the Gunnison project going forward. The quicker the placement is done the better. I expect that the stock will turn around in 6-9 months for the better and never look back from these levels.

[Dead On Arrival]

I believe another PP is coming soon. That is the type of trading you see prior to one.

[rubberworm]

Some large blocks



09:45:53 T 0.195 196,500 124 Questrade 1 Anonymous K
09:45:53 T 0.195 3,500 124 Questrade 1 Anonymous K
09:44:14 T 0.195 1,000 124 Questrade 1 Anonymous K
09:44:14 D 0.195 1,000 1 Anonymous 57 Interactive K
09:44:14 T 0.195 5,500 124 Questrade 1 Anonymous K
09:44:14 T 0.195 192,500 124 Questrade 1 Anonymous K

[douginil]

Excelsior Mining Announces Johnson Camp Stage 1 Drilling with Nuton, a Rio Tinto Venture


Excelsior Mining Corp. (TSX: MIN) (FSE: 3XS) (OTCQB: EXMGF) ("Excelsior" or the "Company") is pleased to announce that it has commenced drilling at Johnson Camp with Nuton LLC ("Nuton"), a Rio Tinto venture, to further evaluate the use of its Nuton™ copper heap leaching technologies at Excelsior's Johnson Camp mine in Cochise County, Arizona. The program consists of drilling 6,000 feet of PQ core for the purposes of further metallurgical evaluation. Once completed the samples will be processed for mineralogy and tested using the Nuton™ process. Results are expected late Q3, 2023. The program is being funded by Nuton and carried out in connection with the previously announced Option Agreement.

"Excelsior is now aggressively moving the Johnson Camp mine forward with the next stages of the work program with Nuton. The sulfide potential at JCM is significant and we are pleased to be working with Nuton to realize that potential. In parallel we continue to progress Gunnison towards well stimulation trials later this year," comments Robert Winton, Senior Vice President & General Manager of Operations of Excelsior.

Rio Tinto has developed the Nuton™ Technologies, an extensive portfolio of advanced copper heap leaching technologies targeted at primary sulfide minerals (including lower grade mineral deposits), which could not otherwise be processed using traditional leaching or sulfide processing technologies. These technologies offer the potential to produce additional copper in a cost-effective manner that has significant environmental benefits and reduces waste from new and ongoing operations.

ABOUT NUTON

Nuton is an innovative new venture that aims to help grow Rio Tinto's copper business. At the core of Nuton is a portfolio of proprietary copper leach related technologies and capability – a product of almost 30 years of research and development. The Nuton technologies offer the potential to economically unlock known low-grade copper sulfide resources, copper bearing waste and tailings, and achieve higher copper recoveries on oxide and transitional material, allowing for a significantly increased copper production outcome. One of the key differentiators of Nuton is the potential to deliver leading environmental performance, including more efficient water usage, lower carbon emissions, and the ability to reclaim mine sites by reprocessing mine waste.

[Au41830]

The US Department of Energy (DoE) officially added copper to its list of critical raw materials earlier this week in an historic move that reflects the growing importance of energy transition technologies.

In its finalised Critical Materials Assessment for 2023, the US Government has for the first time included copper as a critical material, following the example set by the EU, Japan, India, China and Canada. The Critical Materials Assessment evaluates materials based on whether they “serve an essential function” in the production of energy transition technologies such as electric vehicles (EVs). It is also defined as any non-fuel mineral that has a high risk of supply chain disruption.

The critical materials list will inform eligibility for government subsidies under the Inflation Reduction Act (IRA). The final list includes aluminium, cobalt, copper, dysprosium, electrical steel, fluorine, gallium, iridium, lithium, magnesium, natural graphite, neodymium, nickel, platinum, praseodymium, terbium, silicon and silicon carbide.

https://www.mining-technology.com/news/us-government-adds-copper-to-critical-materials-list/

[Arizonabilly]

What is good about the Nuton news is not so much how it relates to JCM although that is good, but having the relationship with Rio Tinto. I have a feeling that Rio is going to be closely watching the results of the well stimulation later this year. If all goes well, I wouldn't be surprised if Rio steps up their participation in the whole district

[rubberworm]

No idea what is time table for coming soon. https://wellstimulationreport.com/reports

[Dead On Arrival]

Looks like a dud of an announcement as the Gunnison Mine is the future of the company. Stock has settled lower waiting on the progress fixing the issue. Do you have a general timetable on how long it should take to resolve the problem or does this take awhile to fix.

[rubberworm]

https://finance.yahoo.com/news/excelsior-mining-announces-option-agreement-114500525.html

[rubberworm]

https://www.marketwatch.com/story/excelsior-in-option-agreement-for-mine-with-rio-tinto-venture-23ea219b

[rubberworm]

I'm getting a feeling shorts are thinking this new process will work and SP would rocket up on them.

[aaffss00]

Excelsior has copper for sure, but so far has not, and may never, find any economic way to extract it.

[Dead On Arrival]

Wish the price of our stock would fall in line. It is like watching paint dry.

[rubberworm]

2,000 Tons Per Gigawatt For Wind, Meets 5,000 Tons Per Gigawatt For Solar
The EV market is now in a tussle with the wind- and solar-power sectors competing for copper’s diminishing supply.

As a rule of thumb, wind energy requires on average 2,000 tons of copper per gigawatt of capacity, while solar needs about 5,000 tons per gigawatt — several times higher than fossil fuels and nuclear energy. The increased momentum is laid out in a new report from S&P Global Market Intelligence.

Across the globe, the S&P Global expects as much as 44 gigawatts of utility-scale solar, and 27 gigawatts of wind to come online this year.21

While 220,000 metric tons of copper for solar and 54,000 metric tons for wind power are impressive, the number represent a huge supply shortage.

You see, the copper demand for solar was slashed 56% from an expected 90 gigawatts of new utility-scale solar.22

The reason for the drop in projected solar capacity is simple – not enough copper supply to meet demand.

In the end, when looking down the road three years to 2025, the analysts at S&P Global Market Intelligence made a forecast that split the difference between aggressive and conservative.

Their modest forecast is that between EVs’ need for 1.84 metric tons of new copper supply, and with wind/solar is due to add 929,000 metric ton supply demand, the world will soon need a nearly 3 million metric tons of new copper supply.

That’s a 15% jump in demand from today’s 20 million metric tons of copper mined worldwide.

[rubberworm]

25 Billion Pounds Worth Of New Demand
Like lithium, copper is key for building the new fleet of electric vehicles.

Today, the average EV holds about 200 pounds of copper. That’s 60% more than the content in an average internal combustion powered vehicle.16 Right now there are 5.6 million EVs on the road worldwide, but that’s a drop in the bucket compared to the future.17

There could be between 125 and 220 million EVs on the road across the globe by 2030 because of rising ambitions to meet climate goals and sustainability targets, according to a report released by the International Energy Agency.18

The math is simple, 125 million EV’s will require about 25 billion pounds of copper, which is about 12 million metric tons.

Broken down to a more granular level, the EV market alone will likely need at least an additional 1.84 metric tons a year.19

And not only do EVs require more copper, but their chargers, both in homes and in public, will require copper, too.

Remember, that’s on top of current demand, and we’re not yet factoring in wind and solar energy yet. Or the fact that copper is a key component of the global 5G buildout. Even though 5G is wireless, its deployment involves a lot more fiber and copper cable to connect equipment located within a building.

Moreover, copper output is dropping, and so are copper grades.

Richard Adkerson, CEO of Freeport McMoran, the world’s biggest publicly traded copper miner explained the copper crisis this way,

“There’s no shale oil for copper,” he told Bloomberg Television. “Unlike the oil industry, where you have an ongoing flow of discoveries… copper mines of size are very rare to find.”20

Adkerson said if prices were to double tomorrow, Freeport would be unable to bring on new supply within five years.

[rubberworm]

Copper’s Big Moment Has Arrived
The global shift that’s abandoning fossil fuels for electric, solar, and wind power appears to have decades to run, as infrastructure plans continue to unfold.

A who’s who of analysts agree that the energy revolution is barreling down the track into historic copper shortages.

Goldman Sachs’ world-famous copper analytics team forecast that copper would reach $5.40 a pound or $11,875 a metric ton.11 They went even farther with their long-term forecast. It set the price of copper at $6.80 a pound, or $15,000 a metric ton by 2025.12
Moreover, the analysts, Nicholas Snowden, Jeffrey Currie, Daniel Sharp and Mikhail Sprogis, doubled down on their forecast. They wrote that copper’s price strength is not an irrational aberration, “Rather, we view it as the first leg of a structural bull market in copper.”13
Mark Lewis, the chief sustainability strategist at BNP Paribas Asset Management, was just as bullish. He told The Guardian, “It feels like any market you look at, investors want to buy.” Lewis went on to say that the next 30 years should be copper’s “supercycle” thanks to a worldwide acceptance of clean and green energy.14
What that means for investors is that copper will continue to spike, and copper producers and explorers will rise right along with it. One thing we know for certainty – there will be plenty of opportunities in copper.

[ernie44]

Copper had its run, so did gold and diamonds.............the new kid on the block will shine as silver gains mommentum

[rubberworm]

Still awhile to go to hear any results yet there was a little buying last week . Someone thinking positive.

[The DMan]

Hey Baggers... Talked to Shawn Thursday Only hint he dropped me was MIN has been having meetings with some big player new investors.... D Man

[The DMan]

Some Action last 2 Days !! Anybody hear anything ? Nice volume today 340.000 @ 1pm EST D Man

[rubberworm]

RF is Executive Chairman of Ivanhoe Electric which has the Santa Cruz project which is really not that far Excelsior. That project has much more copper then ours but is closer to towns. If we prove our process works and is safe and green and a lots of cost savings he will work to follow us as I see it. No doubt in my mind he is well aware of Excelsior.

[Arizonabilly]

Rubberworm, can you elaborate on what you know about Friedland's property aquisitions?

[rubberworm]

I have been knocked out of Mod's for lack of posting also. Sometimes there is just not much to post about. I applied again and got listed back. If this new process for getting the copper leaching levels up works there will be plenty to chat about. My guess it will work as Robert Friedland has been buying up leases around Excelsior to leach for copper. RF is no dummy.

[The DMan]

Thanks Rub ster You and I used to be the 2 Mods on this stock. Got bounced.... no activity on my part ... I guess ? Make it right !! Bag holder for 3 yrs now. GTLA D Man

[rubberworm]

https://www.newsfilecorp.com/release/168228/Excelsior-Mining-Announces-the-Permit-Amendment-for-Well-Stimulation-at-the-Gunnison-Copper-Mine-is-Now-Effective

[The DMan]

Anyone hear any feedback from the presentation in Belgium ??

[walterc]

Chile's state-owned Codelco is facing major production problems, causing a sharp decline in copper extraction.
Chile is largest exporter of copper and is heavily dependent on its revenues.
Codelco's problems are being felt on the world market where copper supplies are dwindling.
The raw material is essential for the world's energy transition and electrification.

[douginil]

Thanks for the information. I envy the Dutch speakers, each speaker/company is one I have interest and investment in.

[W_vdm]

It's a full day event which covers multiple topics and companies and is organised by https://safecapital.eu/. For subscribers of their service there is a discount, making it more accessible for retail investors.

I have been to multiple events and they are well worth it with great presentations and access to leadership of certain companies.

Company presentations will be in English, but many discussions are in Dutch, so lots of the value isn't really available for the non Dutch speaker.

Companies coming the event on saturday 27th may are:
- Stephen Twyerwould (Excelsior Mining) - 1 hour speaking time
- Sean Krakiwsky (Nanalysis) - 30 minutes speaking time
- Mark Smith (Niocorp) - 30 minutes speaking time
- Michael Lebby (Lightwave Logic) - 30 minutes speaking time

These will of course all be in English

[douginil]

Thanks. That would bee over my budget also.

[JerryV]

It costs 325 euros to attend the presentation. Unfortunately that's above my budget.

[douginil]

Hi JerryV

It would be nice if you could provide a summary for us non-Belgian folks.

[JerryV]

Never mind. I just found the details by a simple google search.

[JerryV]

That's funny. I live in Belgium. Where can I find details about this presentation? I'd love to hear what he has to say about MIN's future.

[walterc]

Stephen Twyerould has been invited to speak at a conference in Ghent Belgium on May 27.
This may be the start of a strong come back this year

[JerryV]

Is short term dilution an issue here?

[Sitman]

It's new in copper mining AFAIK, but it's similar to the fracking technology widely used in the natgas and oil industry.

[rubberworm]

https://investingnews.com/daily/resource-investing/base-metals-investing/copper-investing/best-copper-stocks/

[JerryV]

has this well stimulation amendment been successfully implemented by other miners or is this pioneering work?