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MM your post #83810
"This line of thinking has changed my view of NioCorp. I see them not as a jr mining company but as a specialty minerals company. "
That is exactly what Jim Sims discussed with me a year or so ago when I issued my post emphasizing that the project is more than just a mine.
It should be apparent that there are many facilities throughout the world that can take ores of mixed minerals and produce precious and base metals but I don't believe that there is a facility anywhere in the world that can process our ore of Nb-Sc-Ti minerals, and now potentially REEs minerals, into separate metals.
If we have to build it ourselves we might as well extend the processing capabilities up from the simple separation into the specialty chemical arena. Including the ore processing facility to produce the specific metals into higher purity and physical form would move NioCorp into the specialty chemical arena and move the selling prices out of the commodity price ranges into the more lucrative specialty chemical selling price range area. I believe that is one of the basis of the Scandium price that has been so controversial.
The word is getting out. On Wednesday Sept 28th the Chicago Tribune had a 30 inch-column article (Section 2-page 7), including a picture of Mark talking at the site get together. The article was authored by Josh Fink of the Associated Press so I suspect many of the other papers across the country that print stories from the Associated Press printed it also.
"Let the good times roll"
At the rate people have been offering to buy the Elk Creek Water and the recently posted mix, we may need to use a stock tank to mix it in.
Thanks for posting TT
eResearch Report on Search Minerals offers investors a ‘staggering’ volume of information on the rare earths market
Sep 28, 2099
Over the years I have lost count of the times I have recommended that public companies secure a research report, simply because I personally love the benefit of third-party analysis and metrics. Toss in an analyst with more financial degrees than most CFOs such as eResearch’s Chris Thompson, and the analysis can prove beneficial to everyone reading the content, including the company and all of us interested in critical minerals.
Read the complete article then reread the 1st paragraph to get the hot link to the actual report:
https://investorintel.com/markets/technology-metals/technology-metals-intel/eresearch-report-on-search-minerals-offers-investors-a-staggering-volume-of-information-on-the-rare-earths-market/?utm_source=rss&utm_medium=rss&utm_campaign=eresearch-report-on-search-minerals-offers-investors-a-staggering-volume-of-information-on-the-rare-earths-market
Hmmm Dow up 548 but we have lackluster trading... FOMO does not appear to be working despite the number of "lurkers" on the board.
Hi chico RE:your post #83651
I am in this as a long term investor, the dilution and/or RS are a bit troubling relative to a 6 month to 1 year time horizon, but once production starts (who knows what the Nb-Sc-Ti-REE selling prices will be then) this project will be a cash generator.
Add in the fact that the ore body is open in two directions and at depth, and there pockets of high grade REEs not in the current mine plan the icing on this cake may be mind boggling rich and thick.
Hmmmm RE: scooter83's post # 83614
While Mark may not be in the strongest position GxII may be a bit anxious to get their money invested.
As I understand it, If their 2 years pass (end of q1 2023) with no use of the funds raised they have to refund the money to their shareholders and the sponsors of the SPAC may not have anything to show for their efforts.
So Mark may be in a strong position, maybe not in the dominant drivers seat, but strong position never the less.
I believe that we are off to the races, this project will be built and will be very profitable. I don't worry about any RS, if I hold my shares until the first year of production (questionalble since I am in my mid-80's), I (or my kids and grand kids) will be very well off.
Since the Nb-Sc-Ti products will cover the cost of getting the ore to the surface and proceses it into saleable metal products, even if the Chinese drop the price of REEs to 10% of today's prices they cannot put us out of business like they did Molycorp. Maybe MP and others that are dependent on the REE prices to have their economics work, but not NioCorp.
Petro Matad
Sept 26,2022
[[ Thanks to Malcy's Blog
https://www.malcysblog.com/2022/09/oil-price-angus-energy-longboat-energy-petro-matad-and-finally/
]]
Petro Matad announced on Thursday its unaudited interim results for the six months ended 30 June 2022 and provides an operational update.
Key Company Updates
· The Company has finalised the detailed Heron 1 completion plan with expert engineering input.
· Contract in place with DQE Drilling (DQE) and negotiations underway to substantially expand the size of the programme in order to accelerate development drilling and further reduce costs.
· Heron 1 surface facilities and power generation equipment is either at the border or ready to be shipped from China, subject to Covid-19 related lockdowns.
· Petro Matad continues to push government on the land access issue with the Company urging the Ministry of Mining and Heavy Industry to expedite certification.
Financial Summary 1H 2022
The Group posted a loss of USD 1.62 million for the 6-month period ended 30 June 2022, which compares to a loss of USD 1.02 million for the comparable period in 2021. The Company’s cash balance at 30 June 2022 was USD 6.62 million (USD 3.10 million in cash and USD 3.52 million in Financial Assets), which compares to a cash balance of USD 0.40 million (USD 0.38 million in cash and USD 0.02 million in Financial Assets) on 30 June 2021.
As previously announced, a successful fundraise totalling USD 10.4 million gross proceeds was completed in August 2021 to develop and further appraise the Heron oil field with the goal of commencing production in the second half of 2022. During the first half of 2022, the Company has used part of the proceeds raised to place orders for essential equipment required to put the Heron 1 well into production. The remaining funds received from the fundraise have been invested in relatively safe high yielding term deposits waiting on the ramping up of work programme activities. Throughout, the Company has continued with aggressive cost control measures including maintaining a small but highly active workforce with the necessary operational capability.
Operational Summary 1H 2022
Progress on preparations for operations in 2022 was good through the first half of the year but the Company’s ability to execute was impacted by China’s continuing Covid-19 response and from issues arising from Mongolian land law.
Extremely stringent restrictions imposed by China during the global pandemic to control the spread of Covid-19 were extended into 2022 and have significantly impacted the oil sector in Mongolia where almost all of the oil field service providers are Chinese. Mongolia’s oil export was stopped for most of the first half of 2022 due to the Chinese restrictions. Chinese rigs in Mongolia’s major producing fields were on standby and international border crossings were closed on the Chinese side or severely restricted, complicating and delaying imports and exports. Restrictions began to ease in June and the Chinese contractors in Mongolia were able to gradually restart operations on the country’s main producing fields in the middle of the year.
Petro Matad’s long struggle with local and central government authorities to have its land access rights restored as per the Production Sharing Contract (PSC) and Petroleum Law continued. Contradictions in the Land Law have caused issues for all PSC operators in recent years to varying degrees due to land management regulations introduced in late 2017. The impact of these is particularly prevalent in the province where Mongolia’s major oil fields and Petro Matad’s Heron discovery are located. Multiple requests by the Company and other operators for land access permission have been rejected without explanation by the local authorities. Anticipating this situation at the local level, Petro Matad pushed for central government to take action to certify the Company’s Block XX Exploitation Area as a Special Purpose Area, streamlining the approvals process, and to remedy the contradictions in the land law.
In late April the Cabinet of the Mongolian government gave instruction to the relevant Ministers to expedite matters reflecting the fact that Mongolia has a high-profile project underway to construct a domestic oil refinery that will need Heron production. Additionally, the government’s post-Covid-19 economic recovery plan highlights the importance of the upstream hydrocarbon sector in achieving Mongolia’s goal of greater energy independence. This high-level intervention from the Cabinet was very welcome as progress on the matter has been far too slow. The Company continues to push all governmental bodies involved to generate and maintain the necessary momentum.
During the first half of 2022 and despite the problems impacting the oil sector in-country and in China, Petro Matad pressed ahead with its preparations to be ready to commence field operations as soon as conditions allow. To this end, the company completed geodetic surveying over the Heron development area and prepared detailed construction plans as required by the regulations in place. The Company designed and selected surface production equipment including the Heron 1 beam pump and related equipment plus the necessary power generation package. The equipment orders were successfully tendered and awarded. The Company signed contracts for the downhole completion services for Heron 1 including fracking and the installation of the completion equipment. All environmental permits were approved and in place by mid-year to facilitate the commencement of operations once the land issue is resolved.
Operational Update
Since mid-year there has been further easing of the Covid-19 restrictions in China although some major cities have been put under lockdown when cases are reported. Daqing has been one such city which is home to the PetroChina subsidiary operating in Mongolia and to DQE, Mongolia’s most active oil field drilling contractor. Despite the problems in China, DQE currently has 3 rigs in operation in Mongolia with another scheduled to start soon. Petro Matad has a valid contract with DQE for new wells on Heron with prices reduced compared to 2019. Negotiations are also underway to expand substantially the size of the drilling programme incorporating further price reductions and economies of scale. These discussions have taken much longer than DQE originally proposed due in part to DQE management changes but the negotiations are continuing despite the Daqing lockdown.
Whilst Petro Matad’s field operations remain on hold pending progress on the land issue, the Heron 1 power generation equipment is at the border waiting to cross. The other equipment for Heron 1 that was manufactured in Daqing has been held up by the lockdown but there are indications that the lockdown will shortly be eased or lifted allowing this equipment to be shipped. PetroChina’s Mongolian operating company has offered Petro Matad some storage tanks already in-country at very low cost and discussions are ongoing for other items. Meanwhile, the Company has finalised the detailed Heron 1 completion plan with expert engineering consultant input. Discussions regarding provision of operational services and oil export with PetroChina continue, complicated recently by the Daqing lockdown, but these are planned to resume fully as soon as the relevant PetroChina personal are able to return to Mongolia.
The land issue has yet to reach a resolution. The Company has submitted another application to the local authorities for land access whilst at the same time, in response to pressure from Petro Matad, the legal process for Special Purpose certification is underway at the relevant ministries. Amendments to the Land Law are due to be debated in the next session of the Mongolian parliament and although this represents the best opportunity for an all-encompassing long-term solution, Petro Matad is urging the Ministry of Mining and Heavy Industry, under the newly appointed Minister, to help expedite the special purpose certification for Block XX as a priority in order to allow the Company’s in-field operations to commence as quickly as possible.
Mike Buck, CEO of Petro Matad, said:
“I fully appreciate that the lack of resolution on the land access issue will not be welcomed by shareholders. At this stage we have submitted an additional application to local authorities, are pushing for short and long-term solutions to speed up approval and continue to receive the support of the relevant ministries and the Cabinet of the Mongolian government to expedite the matter. We continue to work, day and night for a resolution.
In the first half of this year, we have made substantial progress on getting our production capability ready in order to ensure we can complete Heron 1 as soon as the land issue is resolved.”
Mike Buck, CEO of Petro Matad was right when he said that the shareholders would not like the lack of resolution on land access issues and how right ne was, the shares fell by some 30%. In a stroke the shares gave back all the recent gains, not quite what was wanted.
For those of us who believed that Mike Buck and his team could deliver the oil from Heron our patience has been tested but I still have faith that now that with eventually Covid retreating in China that progress will be made.
Thank you reading for the very informative report.
I also think that the Scandium from the project will be up there with the REEs as to the importance to the company.
Thanks plumo for posting this information
The "Good Jurisdictions for Mining" Pool is Shrinking!
September 21, 2022
JS Research has released a new report following the latest release of assay results.
GS-21-113-W2 which returned:
1.12 g/t Gold Eq over 1,497.50 meters
including an interval of 168 meters @ 2.48 g/t Gold Eq
within an interval of 732 meters @ 1.6 g/t Gold Eq
Hole GS-22-146 intersected:
9.55 g/t Gold Eq over 10.5 meters
within 517.5 meters of 1.10 g/t Gold Eq!
A current industry theme and focus of this report is the geopolitical environment in which companies operate. Now more than ever this is becoming a critical theme, as described in the following excerpt:
Businesses depend on the stability of the business environment in the countries in which they operate. Advantages and disadvantages regarding specific risks are also generally referred to as "country risk".
The global transaction value of M&A deals in the mining industry totaled $24 billion in the second quarter of 2022, according to Globaldata.com. Companies and projects in mining friendly Canada were clearly in the first place with a share of more than 50%.
Read and get link for the report at:
https://mailchi.mp/68062375b289/new-treaty-creek-report-4754642?e=6f11d69fd1
Hmmm interesting:
Vital Metals unveils rare earth processing plant in Saskatoon
Read and get access to the PR at:
https://mailchi.mp/1c6794d0ae0e/vital-metals-unveils-rare-earth-processing-plant-in-saskatoon?e=080567558f
Hmmm interesting:
Vital Metals unveils rare earth processing plant in Saskatoon
Read and get access to the PR at:
https://mailchi.mp/1c6794d0ae0e/vital-metals-unveils-rare-earth-processing-plant-in-saskatoon?e=080567558f
Hmmm interesting:
Vital Metals unveils rare earth processing plant in Saskatoon
Read and get access to the PR at:
https://mailchi.mp/1c6794d0ae0e/vital-metals-unveils-rare-earth-processing-plant-in-saskatoon?e=080567558f
Vital Metals unveils rare earth processing plant in Saskatoon
Saskatoon, Sask. (Sept 20, 2022) - With the click of a symbolic chain link, Vital Metals and guests today officially unveiled the company's multi million-dollar rare earth processing facility in Saskatoon, Canada.
From India to Estonia and Germany to Australia, some 200 leaders in the global rare earth industry gathered to celebrate Vital's progress in establishing a responsibly sourced supply chain of rare earths for friends and allies.
Representatives of 11 jurisdictions ranged from Indigenous, federal, provincial, territorial and municipal governments to the governments of Australia, Norway, Germany and the United States. They joined Vital Metals interim CEO Russell Bradford as friends and allies in linking together a symbolic rare earth supply chain to mark the event.
"The Vital Metals and Cheetah Resources teams are intensely proud of what everyone has achieved to
date,” said Bradford at the site of Vital’s 3,087 square meter plant. “The foundations have been laid for
a great future for all our stakeholders to develop our rare earth business. What we just demonstrated
represents our partners and customers in our supply chain, and we are grateful that you are with us
today to help celebrate this milestone in our journey.”
Read and get access to the PR at:
https://mailchi.mp/1c6794d0ae0e/vital-metals-unveils-rare-earth-processing-plant-in-saskatoon?e=080567558f
Nice find Scarbender, thanks for posting.
Galleon Gold Initiates Geotechnical Drilling Program at West Cache Project in the Timmins Gold Camp
Galleon Gold Corp. (TSXV: GGO) (the “Company” or “Galleon Gold”) reports that it has initiated geotechnical drilling in support of permitting initiatives for a planned underground bulk sampling program at its 100% owned West Cache Gold Project (“West Cache” or the “Project”) in Timmins, Ontario.
The Company has identified Zone #9 as the initial target for test mining and will utilize the current layout as outlined in its PEA (published in February 2022), while optimizing the development design as needed. Detailed engineering for the proposed portal and decline, will require the completion of eight geotechnical holes.
R. David Russell, President and CEO of Galleon Gold commented, “We continue to approach the development of West Cache in a systematic manner; completing the necessary steps to submit permit applications for test mining and adding to our knowledge base at the same time. Since the start of 2022, we have effectively identified additional gold resource potential in the vicinity of the bulk sample, advanced the design of the proposed underground development and progressed the permitting process.”
Read more and view graphics at:
https://resourceworld.com/galleon-gold-initiates-geotechnical-drilling-program-at-west-cache-project-in-the-timmins-gold-camp/
Gold Fields' CEO on the company's $6.7-billion Yamana Gold deal and the problem with exploration
Chris Griffith, CEO of Gold Fields (South Africa), was recently interviewed concerning the 6.7 billion dollar bid to acquire Yamana Gold (Canada). The insights and opinions of a major gold miner like Gold Fields, and their management team, on the opportunity and importance of tier one assets in safe jurisdictions is telling, and reflects our vision of the potential value of an asset like Treaty Creek.
Competition for these assets is becoming fierce as majors look to develop their pipelines of assets. According to Mark Bristow, CEO of Barrick Gold, since the year 2000 only half of current gold production is being replaced with new discoveries!
Treaty Creek is showing the potential to become a Tier 1 asset in a Tier 1 jurisdiction as talked about by Chris. Ken Konkin, CEO of our JV partner Tudor Gold, recently said it best:
"this is absolutely a dream project in probably one of the most stable geopolitical arenas out there…we’re just blessed we’ve got this.”
Read more and get access to a 19 min video at:
https://mailchi.mp/5a7f535891ad/new-treaty-creek-report-4754638?e=6f11d69fd1
Hmmmm I got the feeling that they, Africa Oil, would like to have some entity buy them out of Kenya.
Ucore’s Rare Earth Separation Commercial Demonstration Plant On-Track for Q4-2022 Commissioning
September 15, 2022
Ucore’s rare earth separation commercial demonstration plant is designed to process:
- Tens of tonnes of mixed rare earth concentrates on a per annum basis.
- Many feedstock sources, including heavy and light rare earth element feedstocks planned for the full-scale Strategic Metals Complexes (SMC).
- All RapidSX™ splits required to produce individual praseodymium, neodymium, terbium, and dysprosium.
- Planned commissioning in Q4-2022, followed by product qualification trials for prospective North American metal/alloy makers and original equipment manufacturers seeking diversified and sustainable metallic supply chains.
- The full-scale SMC engineering entity, Mech-Chem Associates, Inc., is now fully integrated into all demonstration plant activities.
Read more at:
https://ucore.com/ucores-rare-earth-separation-commercial-demonstration-plant-on-track-for-q4-2022-commissioning/
Ucore Rare Metals is building its rare earths Field of Dreams with RapidSX
There are numerous rare earth explorers pursuing processing capabilities but perhaps no one is closer to commissioning than Ucore Rare Metals Inc. (TSXV: UCU | OTCQX: UURAF). Ucore is focused on rare- and critical-metals resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore has an effective 100% ownership stake in the Bokan-Dotson Ridge Rare Earth Element Project in Southeast Alaska. Ucore’s vision includes disrupting the People’s Republic of China’s control of the U.S. rare earths supply chain through the near-term development of heavy and light rare-earth processing facilities — including the Alaska Strategic Metals Complex in Southeast Alaska. And to that end Innovation Metals Corp., a wholly owned Ucore subsidiary, has developed the RapidSX separation technology resulting in the production of commercial-grade, separated rare earth oxides at the pilot scale.
Read at:
https://investorintel.com/markets/technology-metals/technology-metals-intel/does-ucore-rare-metals-future-lie-in-rare-earths-processing/?utm_source=rss&utm_medium=rss&utm_campaign=does-ucore-rare-metals-future-lie-in-rare-earths-processing
THIS IS ABSOLUTELY A DREAM PROJECT!
In a recent interview, Tudor Gold CEO Ken Konkin spoke about the amazing drill results at Treaty Creek this year. Referencing hole GS-21-113-W2*, Mr. Konkin stated: “I’m dying to see what that new composite is going to come out at.”
The result was an absolute world class hole: 1,497.5 meters @ 1.12 g/t AuEq!
“The potential of this thing is incredible” says Mr. Konkin. “When we sat down at the planning stage… we said let’s dill a hole that we’re not expected to hit on (GS-22-134). Let’s swing for the fences – and we hit! That was just incredible!
Read and get access to an interesting 26 minute vidoe at:
https://mailchi.mp/d694f210776c/new-treaty-creek-report-4754626?e=6f11d69fd1
Yes It was a nice presentation.
American Creek Reports Preliminary Results from a 350m Step-Out Hole, with 59.53 G/T AuEq over 1.5m and In-Fill Hole with 2.02 G/T AuEq over 180m Including 3.18 G/T AuEq over 93m at the Joint Venture Treaty Creek Property, Golden Triangle, British Columbi
Cardston, Alberta--(Newsfile Corp. - September 13, 2022) - American Creek Resources Ltd. (TSXV: AMK) ("the Corporation" or "American Creek") is pleased to present the sixth set of drill results for the 2022 exploration program (the "Program") from operator Tudor Gold at their flagship property, the Treaty Creek JV, located in the heart of the Golden Triangle of Northwestern British Columbia.
Tudor Gold President and CEO Ken Konkin comments, "We are extremely pleased to announce the on-going success of the step-out drilling at our Goldstorm Deposit. Yet another drill hole has intersected high-grade gold within the northeastern front of this Deposit. Drill hole GS-22-151-W1 was designed to undercut values obtained from GS-22-134 which yielded 0.97 g/t AuEQ over 663.0 m with an enriched zone of 1.76 g/t AuEQ over 205.5 m additionally this intercept contained a high-grade gold-bearing pyritic quartz breccia of 20.86 g/t AuEQ over 4.5 m with multiple grains of visible gold (reported July 19, 2022). GS-22-151-W1 intersected a semi-massive pyrite-quartz breccia, hydrothermal stockwork, approximately 275 m below the GS-22-134 high-grade gold intercept. This high-grade 1.5 m intercept of 59.53 g/t AuEQ within GS-22-151-W1 represents a 350-meter step-out intercept from the 2021 drilling. Our technical team views this as a significant discovery as these high-grade intercepts may be connected but further drilling is recommended to confirm the orientation and consistency along the structural corridor which hosts these and other recently reported high-grade intercepts within the northeastern aspect of the Goldstorm Deposit. Drilling results from hole GS-22-151-W1 have been partially received to date and have been reported as such. Complete assays for incomplete holes included here will be fully reported in the subsequent drill results release."
"Additionally, we are enjoying success with our in-fill drill program. Drill hole GS-22-154 was drilled in-place of GS-22-152 which was stopped due to extreme hole deviation that could not be corrected. GS-22-154 intersected 2.02 g/t AuEQ over 180 m with an enriched core that carried 3.18 g/t AuEQ over 93 m within the 300H domain. However, much higher gold values of 4.38 g/t AuEQ over 57 m with an enriched portion of 7.84 g/t AuEQ over 15 m were intersected in the upper portion of the fore-mentioned 3.18 g/t AuEQ over 93 m."
"We have reported results from approximately 60% of the holes completed to-date. After drilling is completed, we will plan to incorporate these recent extraordinary results into an updated NI 43-101 Mineral Resource Estimate for 2023. The Goldstorm Deposit remains open in all directions and at depth."
Read more at:
https://us5.campaign-archive.com/?e=6f11d69fd1&u=af629dcbbf88a5932a7e484e3&id=1d953174bc
Yes the comments by Mark Smith from Molycorp in the 2010 conference indicates that the NioCorp team are not "babes in the woods". We are in good hands. I only wish they had moved a year or two sooner into addressing the REEs as possible by-products. It is possible that their in depth experience and the power of the Chinese market manipulation was a hindrance.
"are they just accommodating the prime shareholder?" I think Yes. The stock also trades on the Swedish exchange and maybe the predominant percentage of shares are there, not in Canada or the US.
Don't know if it is "Sumpin big" Just the normal quarterly management discussion and Q&A.
Don't forget tomorrow
News Release Issued: Sep 6, 2022 (10:00am EDT)
AFRICA OIL TO PRESENT AT TOWN HALL MEETING
VANCOUVER, BC, Sept. 6, 2022 /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ("AOI", "Africa Oil" or "the Company") is pleased to announce that it will host a physical and virtual town hall meeting on Tuesday, September 13, 2022, at 17:30 CEST (11:30 EDT). View PDF version
Mr. Keith Hill, President and CEO, will present an update on the Company's operations and take part in a Q&A session with investors. The physical townhall meeting will take place in New York meeting room at Grand Hotel, Södra Blasieholmshamnen 8, Stockholm. Please register your attendance by sending an email to Daniela.Alberton@africaoilcorp.com.
To join the event virtually please use the following link to register:
https://us06web.zoom.us/webinar/register/WN_yHVN4p0PQHqSD7Wj3kVSCQÂ;
After registering, you will receive a confirmation email containing information about joining the webinar.
Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria; development assets in Kenya; and an exploration/appraisal portfolio in Africa and Guyana. The Company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol "AOI".
This information is information that Africa Oil Corp. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below on September 6, 2022 at 10:00 a.m. ET.
Nice find chico, thanks for posting and including the excerpt. Without question the way we, North America and the EU, come to grips with the challenges to cope with the incredible increase in demand for critical metals as well as the supply chain and geo-political challenges (to say nothing about the ethical and moral challenges) needed all the way back to the mining and processing/refining of the minerals will be the most critical decisions and will require some unlikely critical alliances
I agree
This green revolution will be forced to slow down and wait for generating capacity to catch up. I have seen no news about anyone beginning construction on new generating capacity.
Agreed NCT
NioCorp’s Demonstration Plant Begins Testing Process Improvements and Rare Earth Recovery Operations
September 6, 2022
Testing is designed around a simplified process flow sheet that could yield better results for Niobium and Titanium production and is expected to confirm previously achieved high recovery rates for Scandium
CENTENNIAL, Colo., September 6, 2022 — NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB; OTCQX: NIOBF) is pleased to announce that its demonstration-scale processing plant (the “demonstration plant”) in Quebec, Canada is now processing ore samples from the Company’s Elk Creek Critical Minerals Project (the “Project”). The demonstration plant project is intended to demonstrate that the Company can extract and separate rare earth elements from ore that NioCorp expects to mine from the Project site, subject to receipt of necessary project financing, and that its simplified process for potentially producing niobium, scandium, and titanium is technically and economically feasible.
Read much more at:
https://mailchi.mp/niocorp.com/niocorps-demonstration-plant-begins-testing-process-improvements-and-rare-earth-recovery-operations?e=a994b680bf
Assuming no hiccups in the tests there should be sufficient data to make a decision about including REEs in our mix There should be enough data for a PR and for Mark to make a major info splash at the October meeting.
AO I agree. My kids call me the great procrastinator, but I prefer waiting until I have as much facts or information as possible, but this timing is a bit much.
It is Sept 5th and no Pr about the start of the demo test. We are running out of time for a PR about the results before the October presentation. IMHO it is not good if Mark has to say we are still working on it.
Thanks Scarbender for the lead.
I had good results with:
https://www.bnnbloomberg.ca/market-call/rick-rule-discusses-africa-oil~2392152
Let it run to the next clip.
Rick stated that he has invested with Keith Hill for years and is very ositive about the stock. In his mind the current stock price is undervalued just with the Nigerian resource, everything else is free.
Literally a "10 bagger potential" would mean 10 times the current selling price of US$1.97 or US$19.70. In general I figure high teens. Personally I think US$10 in a year or so.
Hi MB Not sure the NioCorp board would be happy for this info.
Nice find iceman, thanks for posting.
Metals Creek Drills 4.24 g/t Gold over 5.61 meters at the Ogden Gold Project
Thunder Bay Ontario, August 18, 2022 - Metals Creek Resources Corp. (the “Company” or Metals Creek, TSXV: MEK, OTCQB: MCREF, FRA:M1C1) is pleased to announce results for 3 holes of a nine (9) hole diamond drill program (See News Release February 7, 2022) on the Ogden Gold Project in Timmins, Ontario. The Ogden Gold Project is a 50/50 Joint Venture with Newmont Corporation (“Newmont”), with the Company serving as the operator.
Drilling primarily focused on the Thomas Ogden Zone (TOG) with two peripheral targets also tested. Drilling at TOG targeted potential flat lying quartz bearing structures and zones of albitization and silicification with associated mineralization within the lowermost portion of the currently defined TOG fold structure. High grade gold mineralization has a strong preferential association with the TOG fold axis which has a shallow plunge to the east.
Highlights of the drilling include:
TOG-22-71 returned a downhole intercept (324.63 – 336.77m) of 1.13 grammes per ton (g/t) gold (Au) over 12.14 meters (m), visible gold was noted in this intercept. A second zone of mineralization (284.95 – 286.00m) was intercepted returning 12.3 g/t Au over 1.05m.
This hole was drilled to further define gold mineralization associated with the TOG fold structure (See attached Schematic Cross Section 1200W Fig. 1). This zone contains moderate to strong albitization, strong silicification and local fuchsite within an altered felsite unit. Fine-grained disseminated cubic pyrite is the dominant sulfide throughout as well as locally within white quartz-carbonate veinlets. Pyrite ranges from 1-5%, with trace arsenopyrite and several fine specks of visible gold.
TOG-22-72 returned a downhole intercept (354.34 – 356.35m) of 4.71 g/t Au over 2.01m. A second zone of mineralization was cut (373.00 – 376.40m) returning 1.67 g/t Au over 3.4m. This hole (See attached Schematic Cross Section 1175W Fig. 2) was drilled 25m east of hole TOG-21-65A which returned a downhole intercept of 9.20 g/t Au over 4.47m (See News release January 27, 2022) to facilitate a better understanding of potential shallow dipping gold mineralization associated with secondary structures. Alteration consists of moderate to strong albitization and silicification within an altered conglomerate unit with local fuchsite. Fine-grained disseminated cubic pyrite occurs throughout and locally within white quartz-carbonate veinlets. Pyrite ranges from 1-5% along with trace arsenopyrite.
TOG-22-73 returned a downhole intercept (346.25 – 351.86m) of 4.24 g/t Au over 5.61 m. This hole (See attached Schematic Cross Section 1225W Fig. 3) was drilled 25m west of hole TOG-21-65A which returned a downhole intercept of 9.20 g/t Au over 4.47m (See News release January 27, 2022). Like that of hole TOG-22-72, this hole was drilled to further define shallow dipping gold mineralization associated with secondary structures. A strongly altered felsite of intense albitization and silicification with associated wispy fuchsite alteration was intersected with fine-grained disseminated cubic pyrite throughout. Pyrite ranges from 1-5%with trace arsenopyrite and local fine specks of visible gold.
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