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Treaty Creek Picked Up By Mining.com
Good Morning,
Our JV Treaty Creek Project has been highlighted on Mining.com and we want to pass this along to you. Tudor Gold and the operations team have done an amazing job in the early season, putting together the most aggressive and exciting program to date.
"It looks like Treaty Creek is a giant in the making, and so far, indications point toward being in the right place to define what may become one of Canada’s largest open pit gold mines in the upcoming years."
For the link to the article:
https://mailchi.mp/0e307b4d7214/new-treaty-creek-report-4754546?e=6f11d69fd1
Yes my "gut" feels that there will be "some" form of financing soon. Remember that the loan to MS has to be addressed in June.
When I saw that FS 2022 was issued without the REEs included and the NI 43-101 not yet done I thought that one of MS's option A, B, C, D, E might have been pressing for an update of the FS 2019:
1. Update with new estimates of the CAPEX, OPEX, and REVENUE
2. Identify, to the extent that you legally can, what the situation is with the REEs
3. Verify that the plan proposed for Nb-Sc-Ti mining, processing, and sale of the products at the purity levels and forms is valid.
Then we (the financing group) can make a decision with the following in mind:
- FS 2022 is valid and investable/financable.
- NioCorp owns the land that will be initially mined and used for processing.
- The land that NioCorp owns is a small percentage of the total required to cover the carbonatite mass that has been detected and that NioCorp has options to purchase that land.
- The potential ore body is open in two directions and at depth, so no one really knows how much Nb-Sc-Ti-REEs is really down there.
- The FS 2022 plan is fully permitted.
- Open issues concerning ore processing that L3 is now investigating will be adopted only if it provides a positive enhancement to the ROI of the FS 2022.
- The possible changes in ore processing may reduce OPEX, improve operating efficiencies and recoveries, and may allow NioCorp to produce some of our Nb-Sc-Ti-REEs to a purity level and in a form that would put some of the products in the “specialty chemicals” category which usually carry higher prices than commodity chemicals.
- If the work that L3 is currently doing is not adopted the plan put forward in FS 2022 is still valid
- The open issue about REEs appears to be positive and if adopted would further enhance FS 2022
- - The NI 43-101 is being worked on and will be issued in the future.
- - Although not complete the two 3rd party firms, Understood Mineral Resources Ltd. and Dahrouge Geological Consulting Ltd., participated in preparing the FS 2022 and the PR released on May 18, 2022.
- - The "Probable" category of total Rare Earth Oxides (TREOs) are estimated at 632.9 kt (kilo tonnes) including:
- - - 26.9 kt of praseodymium
- - - 98.9 kt of neodymium
- - - - 2.3 kt of terbium
- - - - 9.1 kt of dysprosium
- - The above are predominantly REE oxides that go into permenant magnets.
- The plan to include these REEs as BY-PRODUCTS will be adopted only if it provides a positive enhancement to the ROI of the FS 2022.
- If the production of REEs is not adopted the plan put forward in FS 2022 is still valid.
- The FS 2022 is valid and investable/financable.
- The two main outstanding issues, work by L3 and inclusion of REEs, will be adopted only if they provide positive enhancement to the ROI of the FS 2022
- If either or both are not adopted then the plan put forward in FS 2022 is still valid and investable/financable.
It is my opinion that there was a push to get a revision to the FS 2019 to provide a "cake" that can be consumed. The two main "in the sky" issues are positive and will provide extra "icing" on the "cake" if adopted, and have no negative impact on FS 2022 if they are not adopted.
Lets get this projected in the ground!!!!
Good find GM, thanks for posting it. It sounds like they definitely will handle the REEs as BY-PRODUCTS which will put them in a very competitive position and should be very profitable. Also they will be less susceptible to the REE price volatility and price manipulation that China has demonstrated.
NioCorp’s Elk Creek Project Confirmed as the Second Largest Indicated-Or-Better Rare Earth Resource in the U.S.
Second only to MP Materials’ Mountain Pass rare earth deposit.
New Mineral Reserve and Economic Model does not yet include rare earth production but updated feasibility study shows longer expected mine life, higher expected ore grades and tonnages, and improved expected project economics from niobium, scandium, and titanium
What’s not to like.
Admittedly the fact that the CAPEX, OPEX, and REVENUE for the REE is not included may cause those persons who fall in the “analysis paralysis” or “I don’t know, there are still some loose ends not yet nailed down” to drag their feet.
IMHO the increase of CAPEX and OPEX for processing the REEs will exist but I expect them to be low relative to the other values of CAPEX and OPEX. The increase in REVENUE will be substantial, I believe that grunt23's figures are appropriate.
I am please to see that the thinking to produce, if that is the final decision, the REEs as BY-PRODUCTS is the best one. All the cost to build the mine, bring the ore to the surface, and prepare it for processing will be absorbed by the Nb-Sc-Ti product. Only the specific costs to separate the individual REEs will be considered in the costing of the REE by-products. This will place NioCorp’s products at a competitive advantage vis-à-vis other rare earth projects.
This FS 2022 is an update of the FS 2019 and the project got better independent of the inclusion of REEs:
12.0% Improvement in the After-tax NPV
6.9% Improvement in the After-Tax IRR
5.8% Reduction in the After-Tax Payback Period
9.7% Improvement in the Annual Operating Cash Flow
Although the NI 43-101 report is yet to be published, the 3rd party firm that NioCorp is working with, Dahrough Geologic Consultants, is willing to estimate that there is probably and estimated 632.9 kt (kilo tonnes) of contained total Rare Earth Oxides (TREOs).
- 632.9 kt of TREO, including these individual rare earth oxides:
- - 26.9 kt of praseodymium
- - 98.9 kt of neodymium
- - - 2.3 kt of terbium
- - - 9.1 kt of dysprosium
A lot of magnetic type material
Please keep in mind the following:
- The mine is fully permitted, just waiting financing to start digging.
- The mine is underground minimal if any environmental and air problems.
- The mine will produce elements that are in the top 10 elements of the list of “US Critical Metals”
- The “ore blob” that is included in the FS 2022 is a low percentage of the total carbonatite mass that has been detected and that NioCorp has options to purchase.
- The potential ore body is open in two directions and at depth, so no one really knows how much Nb-Sc-Ti-REEs are really down there.
- The ore body is generally homogeneous and therefore it is highly probable that the numbers we now see will apply if the “ore blob” is enlarged.
- The mine, the “ore blob” and processing facilities are on land that NioCorp owns.
- The numbers in the FS 2022 make this mine:
- - The second largest source, by far, of Niobium in the world.
- - The largest source of Scandium in the world, producing about 10 times the current world annual supply.
- No radioactive elements in the ore.
- The REE separation facilities may be the only facility in the United States, making the project a REE source that is totally independent of China.
- The REE facilities use the proven solvent extraction process for REEs at this time
- Some experiments being done by L3 that, if they prove out, may reveal changes to the processing of the ore that would:
- - possibly reduce OPEX
- - may increase CAPEX
- - allow NioCorp to produce some of our Nb-Sc-Ti-REEs to a purity level and in a form that would put some of the products in the “specialty chemicals” category which usually carry higher prices than commodity chemicals.
- - If the L3 work does not prove desirable then nothing is lost the FS 2022 package is still viable as presented.
What Is there Not to like? Why is there a hesitation to finance? We are permitted, let’s get this project started.
Elk Creek Water looks like something I would have mixed up on St. Patricks Day party weekend at MSM (MS&T now) back (waaaay back) in the day. Best drunk with your designated driver by your side.
Ooooo Is that the red shovel just behind MS's right shoulder? Gotta check every clue.
sigh
Raises hell with the "Attention to detail" concept.
Rapidly Expanding A World Class Discovery
May 20, 2022
Management and shareholders are excited to see the announcement of the 2022 phase 1 drilling plans. Plans for 8 drill rigs, with the possibility of 10, will bring a pace of exploration never before seen at Treaty Creek. It is shaping up to be one of the most exciting gold exploration programs in the world.
Tudor's plans are focused on following up on the strong mineralization uncovered in the northwest of the growing Goldstorm deposit. The most encouraging grades so far on the project came at the tail end of last years program and and example is the following hole;
Read more, view graphics and get access to a video at:
https://mailchi.mp/dcde07520f06/new-treaty-creek-report-4754542?e=6f11d69fd1
APPIA ANNOUNCES OPERATIONAL AND DRILLING UPDATE WITH NEW INTERSECTIONS OF 50+ METRES OF ANOMALOUS RADIOACTIVITY AT ALCES LAKE RARE EARTH PROPERTY, NORTHERN SASKATCHEWAN
TORONTO, ONTARIO, May 18, 2022 - Appia Rare Earths & Uranium Corp. (the “Company” or “Appia”) (CSE:API, OTCQB:APAAF, Germany: “A0I.F”, “A0I.MU”, “A0I.BE”) is pleased to provide an update on the Company’s 2022 drilling program at Alces Lake. As previously announced, the winterized camp was opened in early March and drilling has been underway since mid-March. A second drill became operational on May 4 and both drills are operating 24 hours a day.
• All 2021 assay results are now in-house and being analyzed and evaluated prior to release
• 24 holes (4,889 metres) drilled to date in 2022 and drilling continues
• Expansion of WRCB area along strike to the southeast with no boundary found to date
• Potential discovery on Augier prospect with drilling of thick section of anomalous radioactivity in first three holes (51.2 metres, 70.1 metres and 58 metres).
Drilling continues
To the middle of May, 24 holes have been drilled at Alces Lake, totalling 4,889 metres. For comparison, a total of 100 holes were drilled in 2021 at Alces Lake, totalling 8,076 metres. Appia expects that the 2022 program will be a minimum of 12,000 metres to as much as 20,000 metres, all of which will be funded with available cash on hand.
Augier Discovery – early positive indications
Read more at:
https://www.appiareu.com
Just my opinion. Everything takes longer than you think it should.
buxmaker if you are thinking of making a "killing" with this stock I think the only time in the next few years will be when a farmin by a major is announced. I missed spoke earlier when I thought Q2 2022. Depending on how how fast the major wants to move and how fast Pancon wants to move I suspect an announcement might be towards the end of Q3 2022 or in Q4 2022.
I agree with what manuel06 says.
Next bump after that will be when a drill target is announced and date. Then if the exploratory well is like the two further south and really hit pay dirt then away we go, maybe 12-18-24 months from now. First production oil probably 3-5 years.
Oil is like mining, some share price bumps along the way, which can be significant,[ but the overall cycle from "I think there may be oil down there" to "selling thousands of barrels per day" is years in the making. It is not for the quick buck, lots of strong stomachs and lots of patience.
Right TT? I wonder if redinvest from 2014 is still around?
Put Your Head Down and Drill
May 17, 2022
Tudor CEO and President Ken Konkin discusses the value of bringing on experienced advisors and the unprecedented development of Treaty Creek this year.
Watch The Interview [[ see below ]]
American Creek holds a 20% fully carried interest in Treaty Creek until a notice of production is given. This means American Creek shares are not diluted through the exploration phase of the project.
Read at and get to video at:
https://mailchi.mp/137010e9e631/new-treaty-creek-report-4754537?e=6f11d69fd1
Upper Salmon projects with Idaho Conservation League advanced
May 17, 2022
Jervois Global Limited (“Jervois” or the “Company”) (ASX: JRV) (TSX-V: JRV) (OTCQX: JRVMF) is pleased to announce US$150,000 funding for three restoration projects through a partnership between 100% owned United States subsidiary Jervois Mining USA Limited and Idaho Conservation League (“ICL”), which is now in its second year.
ICL and Jervois created the Upper Salmon Conservation Action Program (“USCAP”) in March 2021 to support protection and restoration of fish and wildlife habitats, including water quality and biodiversity within the Upper Salmon River basin. Jervois is contributing US$150,000 to the USCAP partnership each year throughout the operational life of its Idaho Cobalt Operations (“ICO”) in Lemhi County, Idaho.
Read more at:
https://mailchi.mp/d760c0ccb0b9/engineering-contracts-for-ico-and-smp-nickel-cobalt-refinery-14974785?e=48b5acd3da
Jervois Commencing BFS Refinery Expansion at Kokkola
- Jervois commencing Bankable Feasibility Study (“BFS”) to expand its cobalt refinery capacity at Kokkola
- Jervois Finland, a 100% owned subsidiary of Jervois, has operated for more than 50 years producing cobalt chemicals and powders
- BFS scope will expand annual Jervois refinery capacity access from 6,250 metric tonnes to at least 12,250 metric tonnes of refined cobalt, to meet growing global demand
- Kokkola expansion expected to increase Jervois' participation in cobalt regeneration, with 10-15% of cobalt inputs to be received as recycled units
- Advances Jervois’ strategy to become a globally significant supplier of cobalt products for batteries and other industries
Jervois Global Limited (“Jervois” or the “Company”) (ASX: JRV) (TSX-V: JRV) (OTCQX: JRVMF) announces it is commencing a Bankable Feasibility Study (“BFS”) to expand production of refined cobalt at the Kokkola Industrial Park, Finland.
Jervois’ 100%-owned subsidiary, Jervois Finland, is a leading supplier of high quality cobaltbased products, with advanced technological capabilities, product quality and reliability, and a strong commitment to high environmental and sustainability standards. Jervois Finland has more than 50 years’ experience in cobalt production at Kokkola, with a global customer base across rechargeable batteries, chemicals, catalysts, ceramics and powder metallurgy applications.
Read more at:
https://mailchi.mp/f22061d180cf/engineering-contracts-for-ico-and-smp-nickel-cobalt-refinery-14974641?e=48b5acd3da
Hmmmm I am not sure I would like to be near The Molten Lava well blowout that would probably occur if the drill bit survived to penetrate into the Molten Lava.
Of course it would probably be like most, it not all, of the solid volcanic rocks and may not have any economic metals in it. I wonder if the lava coming out of the active Hawaian volcano has any economic metals.
I don't think anyone in the world has actually drilled deep enough to get to a molten lava pool, pressurized or not pressurized.
Just from Keith's comments about doing deals at $50.00/b oil and the tone of his comments I got the impression that the majors are very compettive with each other and would be out bidding Africa Oil.
Of course at less than US$ 0.01/share Africa Oil could buy a pretty good position in the company on the open market and benefit from the majors agressivly wanting in.
Since Pancontinental is the operator and has 75% of PEL 87 I would expect a major would be bidding very agressivly. I think by Q3 2022 it will be very good for us long term holders.
Kenya Nothing particularly new, still working on it and think it will pay off eventually.
That is a cute website to play with. Thanks
I just finished listening to the Africa Oil conference call. I asked if they have considered a position in Pancontinentals PEL 87 license in the Orange Basin. Keith commented that they have been in discussions with some of the small companies in the Ornge Basin and find that the major oil companies are also talking and they are very competitive.
I just finished listening to the Africa Oil conference call. I asked if they have considered a position in Pancontinentals PEL 87 license in the Orange Basin. Keith commented that they have been in discussions with some of the small companies in the Ornge Basin and find that the major oil companies are also talking and they are very competitive.
Appia Announces the Extraction and Shipment of Alces Lake Bulk Sample to Canmetmining From Alces Lake Rare Earth Property, Northern Saskatchewan
TORONTO, ONTARIO, May 12, 2022 - Appia Rare Earths & Uranium Corp. (the “Company” or “Appia”) (CSE:API, OTCQB:APAAF, Germany: “A0I.F”, “A0I.MU”, “A0I.BE”) is pleased to announce that as part of a metallurgical collaboration with CanmetMINING focused on beneficiation testwork for the Alces Lake Rare Earth Project, the Company has extracted a bulk sample from the Alces Lake discovery and will ship it to CanmetMINING in the next few days. The primary focus for the test program will be to optimize and enhance the development of an Alces Lake Project flowsheet and to confirm other material testwork that has been previously conducted by other parties on the Alces Lake monazite.
Federal R&D assistance is provided through a collaboration agreement with CanmetMINING, under their Critical Minerals Research, Development and Demonstration program. This program targets research and development for upstream critical minerals processing and aims to stimulate the development of battery and permanent magnet value chains in Canada.
The test work is anticipated to include grinding, flotation, magnetic separation, ore sorting, and dense medium separation (DMS). CanmetMINING scientists will work closely with the Company and its consultants for mineral processing. The objective is to design and execute a comprehensive and optimal testing approach that will produce a high-grade rare earth mineral concentrate from the Alces Lake mineralized material.
A total of 0.9 tonnes of mineralized material was extracted from the Alces Lake Deposit and 0.6 tonnes will be shipped to SGS Canada’s Lakefield facility in Ontario for crushing and sizing ahead of test work. The remainder of the sample will be shipped at a later date. Upon completion of the preparatory work, the sample will be shipped to CanmetMINING and the test programs will begin.
AFRICA OIL ANNOUNCES STRONG FIRST QUARTER 2022 WITH RECEIPT OF THE LARGEST PRIME DIVIDEND TO DATE AND THE MAJOR VENUS LIGHT OIL DISCOVERY
May 12, 2022
VANCOUVER, BC, May 12, 2022 /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2022. View PDF version.
Highlights
- Venus-1X exploration well makes a significant light oil discovery on Block 2913B, offshore Namibia. AOC has a 6.2% interest through its investment in Impact Oil and Gas Limited.
- Q1 2022 net income of $45.6 million (Q1 2021: $38.9 million) and end of quarter cash balance of $140.6 million (December 31, 2021: $58.9 million).
- The Company paid its maiden semi-annual dividend of $0.025 per share (approximately $11.9 million) to its shareholders. This is the initial step in delivering on the Company's commitment of returning capital to the shareholders.
- The Corporate Facility was amended to provide the Company with a stand-by line of liquidity of $100.0 million, available for general corporate purposes, including acquisitions, until end 2022.
- Prime drew down a further $150.0 million under its pre-export finance facility ("PXF Facility"), increasing the outstanding balance to $300.0 million and further extending the duration of its debt profile.
- The Company received one dividend from its shareholding in Prime, totaling $100.0 million1.
- Selected Prime's results net to Africa Oil's 50% shareholding*:
- - Average daily W.I. production of 25,400 boepd and economic entitlement production of 27,400 boepd (83% light and medium crude oil and 17% conventional natural gas) in Q1 2022 (Q1 2021: 26,200 boepd and 30,100 boepd respectively)3,4,5;
- - Cash position of $265.7 million and debt balance of $501.0 million at March 31, 2022; Robust Net Debt to EBITDAX6 for the twelve months ended March 31, 2022, of 0.4x (twelve months ended December 31, 2021: 0.4x);
- - in Q1 2022, EBITDAX6 of $122.2 million (Q1 2021: $143.4 million); and
- - in Q1 2022, cash generated from operating activities of $116.6 million (Q1 2021: $78.8 million)7.
Africa Oil President and CEO Keith Hill commented: "I am pleased to report another strong quarter of operating and financial results. We received our largest dividend payment from Prime to date for $100 million. This takes our total dividend receipts to $500 million since our acquisition of a 50% interest in Prime in January 2020 for $520 million. Also, our share of Prime's cash at end of first quarter 2022 of approximately $266 million, compares to about $70 million at the time of the acquisition. Prime's performance, that includes achieving positive reserves replacement ratios for the last two years, has exceeded all our expectations. However, I view the news of the Venus light oil discovery as the most important and exciting update in the first quarter of this year. Most immediately, we can look forward to the high-impact Venus appraisal drilling program and the Gazania exploration well, both of which are expected to commence later this year. We also have further prospectivity on Block 3B/4B, which we operate with a 20% interest and on Impact's Orange Basin Deep Block, both are in Orange Basin and on trend with the Venus discovery."
* Important information: Africa Oil's interest in Prime is accounted for as an investment in joint venture
Read more & see Outlook at:
https://africaoilcorp.com/news/africa-oil-announces-strong-first-quarter-2022-wit-122834/
Thanks
Can't get to the link, I will not subscribe to the NYT.
Ucore Mobilizes Geological Crew to Bokan Mountain as Prices for Heavy Rare Earth Oxides Continue to Rise
- Ucore's subcontracted geological team, Aurora Geosciences Ltd., is mobilizing for deployment to the Bokan Mountain Complex during the week of May 9, 2022, for Ucore's Summer 2022 Resource Upgrade Program, a program intended to:
- Upgrade the Bokan-Dotson Ridge Zone Mineral Resource estimate from the current ˜18% Indicated and ˜82% Inferred classifications to include a ˜17% to 20% Measured classification later in 2022 by:
- Obtaining ˜50 additional channel samples along the ˜2 km exposed vein outcroppings
- Extracting ˜50 tonnes of supplementary mineralized material from two new bulk sample locations for planned mill flowsheet pilot-scale testing
- The Bokan-Dotson Ridge Zone is enriched with heavy rare earth elements, including terbium and dysprosium, the two heavy rare earth elements associated with electric vehicle permanent magnet synchronous motors.
Halifax, Nova Scotia (May 10, 2022) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce the planned mobilization of a geological crew to conduct Ucore's Summer 2022 fieldwork program (the "Program") at the Company's Bokan-Dotson Ridge Zone mineral deposit ("Bokan" or "Bokan Project") on Prince of Wales Island, Alaska, USA. The Program is a continuation of Ucore's 2007, 2008, 2009, 2010, 2011 & 2014 Bokan Mountain Complex exploration drill programs and is being undertaken by Aurora Geosciences (Alaska) Ltd. ("AGL" or "Aurora") of Juneau, Alaska. The Program is designed to improve the geological confidence of the mineral deposit in preparation for a forthcoming planned pre-feasibility study ("PFS"), as the rare earth oxide ("REO") market continues its favourable response to the increased electrification demands related to the electric vehicle ("EV") and renewable energy sectors.
Ucore Announces Successful Independent Expert Evaluation of RapidSX Rare Earth Separation Technology
Halifax, Nova Scotia (April 27, 2022) – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (“Ucore” or the “Company”) is pleased to report the positive conclusions of a multi-phase, independent, third-party technical review of RapidSX™ technology (the “Independent Evaluation” or the “Evaluation”) prepared by Dr. Ahmad Ghahreman of AG Hydrometallurgy Services Inc. (“AGHS“) as a noted subject-matter-expert1. With a focus on the technical assuredness, benefits, and scalability of the RapidSX™ technology specifically for the separation of rare earth elements (“REEs“) for the production of commercial-grade rare earth oxides (“REOs“), the Independent Evaluation concludes the following:
RapidSX™ is capable of separating both light and heavy REEs for producing high-quality REOs and uses the same chemistry as proven conventional solvent extraction (“CSX“) processes but with faster kinetics; thus, no chemistry risk at scale-up;
RapidSX™ process shows itself to likely be 3 times as efficient as CSX, concluding a production plant can potentially have a 2/3 smaller footprint than a CSX plant of the same capacity with an associated separation process capital cost (“CAPEX“) reduction of 50% or better;
RapidSX™ for the separation and purification of REEs is dependent on its chemistry (same as CSX) and, given a smaller footprint for the same throughput, should have an expected operating cost (“OPEX“) of 20% less than CSX for the same purpose; and
RapidSX™ is a modular process making it scalable with minimal risk. The process can be designed to process REEs in the range of 1,000 to 10,000+ tonnes per annum.
Read more at:
https://ucore.com/ucore-announces-successful-independent-expert-evaluation-of-rapidsx-rare-earth-separation-technology/
American Creek's JV Partner Tudor Gold Commences 2022 Exploration Drill Hole Program at Their Flagship Treaty Creek Property in BC's Golden Triangle
Cardston, Alberta--(Newsfile Corp. - May 10, 2022) - American Creek Resources Ltd. (TSXV: AMK) (OTC PINK: ACKRF) ("the Corporation") is pleased to announce their JV partner Tudor Gold has commenced Phase l of the 2022 exploration program (the "Program") at their flagship property, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia. The fully funded Program consists of a 30,000 metre (m) diamond drilling campaign that has been developed to systematically test the extension of the Goldstorm Deposit well beyond the limits that were outlined in the 2021 Mineral Resource Estimate (American Creek press release dated March 9, 2021 reported a Measured and Indicated Mineral Resource of 19.41 million ounces of AuEq grading 0.74 g/t AuEq and an Inferred Mineral Resource of 7.9 million ounces of AuEq grading 0.79 g/t AuEq). In addition, exploration diamond drilling will focus on the Calm Before the Storm (CBS) and Eureka zones (EZ).
The 2021 exploration drilling campaign successfully infilled key areas of Tudor's 2021 Mineral Resource with reported gold and copper grades that were exceptionally higher than grades reported in the 2021 Mineral Resource Estimate. Tudor's 2022 exploration program will test the Goldstorm System for an additional 500 metres along the northeastern axis. (see Goldstorm Phase l Drill Program, plan map). The primary goal of the Program is to expand the size of the initial mineral resource and to define the limits of the mineralized domains.
Read more at:
https://us5.campaign-archive.com/?e=6f11d69fd1&u=af629dcbbf88a5932a7e484e3&id=bbb205cb3b
Breaking News: #InvestorIntel to introduce its own #Metaverse platform for companies at #PDAC --click here to watch
Also, you will not want to miss one of the few people on the planet who has taken an exploration company to production in the rare earths sector...join us.
Tuesday, May 10th from 9-920 AM EST, Join InvestorTalk.com with with Geoff Atkins from Vital Metals Ltd. (ASX: VML | OTCQB: VTMXF)
Join Zoom Meeting --- CLICK HERE
https://us02web.zoom.us/j/84257371784?pwd=Mm1HakFOMnB5MjlQWEpyNmJkSzVMUT09
For any questions, please do not hesitate to reach me at +1 416 792 8228 or dial me directly at 647 289 7714.
Enjoy your evening!
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Tracy Weslosky
InvestorIntel Corp.
@TracyWeslosky
Breaking News: #InvestorIntel to introduce its own #Metaverse platform for companies at #PDAC --click here to watch
Also, you will not want to miss one of the few people on the planet who has taken an exploration company to production in the rare earths sector...join us.
Tuesday, May 10th from 9-920 AM EST, Join InvestorTalk.com with with Geoff Atkins from Vital Metals Ltd. (ASX: VML | OTCQB: VTMXF)
Join Zoom Meeting --- CLICK HERE
https://us02web.zoom.us/j/84257371784?pwd=Mm1HakFOMnB5MjlQWEpyNmJkSzVMUT09
Wednesday, May 11th from 9-920 AM EST, Join InvestorTalk.com with Frederick Kozak from Appia Rare Earths & Uranium Corp. (CSE: API | OTCQB: APAAF)
Join Zoom Meeting --- CLICK HERE
https://us02web.zoom.us/j/81050293662?pwd=QjZVM2Z4Z2hwTXJlRG9TVlcrNjRoZz09
For any questions, please do not hesitate to reach me at +1 416 792 8228 or dial me directly at 647 289 7714.
Enjoy your evening!
__
Tracy Weslosky
InvestorIntel Corp.
@TracyWeslosky
Breaking News: #InvestorIntel to introduce its own #Metaverse platform for companies at #PDAC --click here to watch
Also, you will not want to miss one of the few people on the planet who has taken an exploration company to production in the rare earths sector...join us.
Tuesday, May 10th from 9-920 AM EST, Join InvestorTalk.com with with Geoff Atkins from Vital Metals Ltd. (ASX: VML | OTCQB: VTMXF)
Join Zoom Meeting --- CLICK HERE
https://us02web.zoom.us/j/84257371784?pwd=Mm1HakFOMnB5MjlQWEpyNmJkSzVMUT09
Wednesday, May 11th from 9-920 AM EST, Join InvestorTalk.com with Frederick Kozak from Appia Rare Earths & Uranium Corp. (CSE: API | OTCQB: APAAF)
Join Zoom Meeting --- CLICK HERE
https://us02web.zoom.us/j/81050293662?pwd=QjZVM2Z4Z2hwTXJlRG9TVlcrNjRoZz09
For any questions, please do not hesitate to reach me at +1 416 792 8228 or dial me directly at 647 289 7714.
Enjoy your evening!
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Tracy Weslosky
InvestorIntel Corp.
@TracyWeslosky
Yes There may be some question.
A 43-101 document by a non-NioCorp 3rd party who is legally liable for the numbers has lots of requirements. One of the the things that I have been concerned about is the spacing of the drill cores being analyzed. My experience with the gold, silver and other miners is, depending on the degree of homogeneousness ( adj. 1. Consisting of parts that are the same; uniformness in structure or composition: tight-knit) of the ore body. Some require 25 meter, other 50 meter, and maybe with a very homogeneous ore body 100-200 meter spacing (Tudor Gold??). Since it is expensive to drill through 200 meters of overburden there may not be a tight enough spacing for a 3rd party to take on the legal liability.
I think this is the reason why Scott has stated he is so anxious to be able to drill from the bottom of the shafts, horizontally while in the ore body and vertically down to find the bottom of the ore body..
Thanks for posting the link Grunt23
Lone Clone - Thank you for sharing the thumbnail note about the stocks.
Thanks AO for the link. Nice list of the REE element names & Symbols as well as some nice graphics about where in the world they are found and their uses.
Petro Matad has provided the following operational update.
May 5, 2022
[[ Thanks to Malcy's blog ]]
https://www.malcysblog.com/2022/05/oil-price-petromatad-petrofac-ceag-and-finally/
The recent increase in Covid-19 related lockdowns and travel restrictions in China continue to impact Mongolia at a time when it was hoped there would have been significant relaxation. China is maintaining tight control on movement across its borders and there are currently no signs that these controls will be relaxed in the short term. This is impacting all businesses in Mongolia that rely on cross-border trade including the oil field service providers. PetroChina’s export of Mongolian oil production across the border into China is also suspended because of the Covid-19 controls and there are no Chinese oil rigs operating in Mongolia at the moment.
Block XX Exploitation Area
Petro Matad has continued to engage with local and central Government to secure all necessary permits. Local officials remain reticent to discuss applications due to lobbying on social media by a vocal minority protesting against industrial activity. This included at a recent local meeting when allegations were made about the Company’s Environmental Impact Assessment despite the fact it was prepared as per the regulations and has been approved by the Ministry of Environment.
For issues that cannot be resolved locally, Petro Matad has sought input from central government and this strategy has resulted in progress on the long-running land issue. In late April, the Cabinet of the Mongolian Government issued a resolution directing the certification of exploration and exploitation licences by the central Land Agency such that local approvals on land use are not required. We are advised by industry regulator, the Mineral Resources and Petroleum Authority of Mongolia (MRPAM), that this will allow work on all Production Sharing Contracts (PSCs) areas to progress without land access delays whilst the planned amendments to the land law that will remove the current legal ambiguities pass through parliament. We are pushing to secure the land certificates on Block XX and V as a matter of urgency. We will follow a similar strategy with the central Government if required to ensure there is no impact on our already completed environmental permitting.
With the Covid-19 situation in China causing operational delays in Mongolia, the Company continues to prioritise its efforts to get Heron 1 on stream. The contract with the chosen well completions contractor is in final form. We are seeking confirmation that equipment and crews for the completion and readying for production of Heron 1 are available as soon as we are ready to mobilise. It is our operational preference that as soon as the well is stimulated and completed it should immediately be put on production. The current suspension of all oil production and export from PetroChina’s Blocks XIX and XXI and with all on site storage full means that we need oil export to restart in order to optimise the start-up sequencing on Heron 1.
In anticipation of the situation improving, Petro Matad has placed orders for surface production equipment for the Heron 1 well and discussions with PetroChina, on the use of its production facilities are progressing well. We are also in discussion to buy or rent equipment from PetroChina Mongolia to avoid the need for, and current uncertainty of, importation.
Discussions with MRPAM on oil processing, transport and sales options were concluded with their full support and we are now in discussion with PetroChina’s Mongolian affiliate on the commercial details of sharing infrastructure and logistics.
Technical and operational cooperation, Block XX
In parallel with operational preparations for the 2022 programme, Petro Matad continues to work with DQE Drilling (DQE) on its proposal to enter into a cooperation agreement that could accelerate Heron Field development activities. Petro Matad has supplied a multi-year target work programme and this is under review in DQE’s headquarters.
Block V Exploration PSC
The Cabinet resolution on land access will assist in securing the necessary permits to allow the Company to work on the Raptor Trend. Having identified an in-country drilling contractor with equipment and experience in drilling to the target depth required on the Velociraptor prospect, we are now in discussion on potential rig availability and well cost.
Mike Buck, CEO of Petro Matad, said:
“China’s zero Covid-19 policy is having major impacts not only within China but also on Mongolia. Our preparations to operate are progressing well but, with uncertainty on when drilling operations in country will recommence, we are focusing as a priority on Heron 1 completion and production.
We are very pleased with the outcome of the Cabinet meeting held last week. The restoration of land use rights under the PSC is an important and necessary step, and we will continue to work with the local, district and provincial authorities to underline our intention to be a partner whose activities can continue to bring benefits to the communities in which we operate.
I would also like to personally thank our shareholders for their continued patience and support while we work to get Heron 1 on stream and implement our broader 2022 work programme.”
You couldn’t make it up, the bad luck that has rained on Mike Buck and his team at MATD recently but at least is is surely transitory and that the company is doing everything they possibly can to be ready to move fast to ensure that Heron 1 will be up and producing as soon as is possible.
I have written a good deal about China’s current woes in recent blogs but in the oil price section as the lockdowns in Shanghai and more recently Beijing have concerned markets with regard to Chinese economic growth. Now we have evidence of more micro problems and to add to the Covid problems they now have social media warriors getting involved.
Despite all this I remain confident that Mike and team will overcome the problems and backed by the Government will before long get Heron 1 on stream and get the longer term programme up and running, this is no time for faint hearts…
Hi MM. I agree with your analysis about why REEs were not included in the original plan. " At the time, the REE market was completely controlled by China, and the CCP heavily manipulated the market. "
Price manipulation by CCP is still happening according to the May 4 issue of the Rare Earth Observer:
"
The short term price development, since the China government its displeasure with high prices: March 01, 2022 to April 29, 2022
Neodymium $ 192 to $ 135 a 29% drop
Praseodymium $ 172 to $ 131 a 24% drop
Terbium $ 2,412 to $ 2,175 a 10% drop
Except for yttrium and dysprosium, all prices have fallen below the (sky-high) levels of the beginning of the year.
The price decline in March was the quick-fix (we reported) to comply with the government demands of lower prices. A demand, which, given the supply situation, was plainly absurd.
"
Who knows what the long term pricing will settle out to be.
Ahhh yes Suppky Chain Issues
As I mentioned in my post #79727 to chico's post # 79726 (a good read):
Greg Andrews of Search Minerals on the positive impact of their updated resource estimate on its coming PEA
May 2, 2022
In this InvestorIntel interview with host Tracy Weslosky, Search Minerals Inc.’s (TSXV: SMY | OTCQB: SHCMF) President, CEO, and Director, Greg Andrews, discusses the positive impact on its upcoming PEA of the recently increased mineral resource estimates for Search Minerals’ Deep Fox and Foxtrot Critical Rare Earth Element properties in South-East Labrador.
In the interview, which can also be viewed in full on the InvestorIntel YouTube channel (click here), Greg Andrews tells InvestorIntel that its updated resource estimates will form the basis of Search’s upcoming Preliminary Economic Assessment (PEA). He goes on to explain how the PEA will take into account the significance of both the Deep Fox and Foxtrot properties. With Search Minerals positioned to become a reliable source of rare earths in North America, Greg also comments on how the 2022 Canadian Federal Budget is likely “to spur investment into all critical minerals, and the rare earths in particular.”
Watch at:
https://investorintel.com/investorintel-video/greg-andrews-of-search-minerals-on-the-positive-impact-of-their-updated-resource-estimate-on-its-coming-pea/?utm_source=rss&utm_medium=rss&utm_campaign=greg-andrews-of-search-minerals-on-the-positive-impact-of-their-updated-resource-estimate-on-its-coming-pea
Re: Post # 79357
Question to Jim Sims:
Hi chico
I like: