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Some notables from the week passed included Rio Tinto and BHP surging amid iron ore and base metal gains fueled by optimism over China's economic stability. Pilbara Minerals Limited delivered a strong operational quarter with 179,000t of spodumene production, supported by a robust 80,000t in March. Bellevue Gold reported its March quarterly results, which led the mining equity gains on the ASX 200. On the junior scene Encounter Resources Limited secured A$10.5 million to fund a 20,000m drilling program chasing rare earths and niobium in the West Arunta. Santana Minerals Ltd released its scoping study for the first 10-year economics of the Rise & Shine project, with a potential 110,000-ounce-per-annum project costing NZ$256 million. Management turnovers across the industry: Iceni Gold Limited welcomes Wade Johnson as the new Managing Director. Mitre Mining Corporation sees a shift among its leaders, with interim executive director Raymond Shorrocks moving into a non-executive chair role, while chair Patrick Gowans transitions to non-executive director. Josef El-Raghy is the new executive chair for WIA Gold. GR Engineering Services Ltd Services has invited Debbie Morrow to join the Board of Directors. LCL Resources appoints Chris van Wijk as its new Non-executive Director Zuleika Gold Limited’s board bids goodbye to Michael Higginson. He will be replaced by Alan Willis. Narryer Metals Limited and Killi Resources Limited sees the departure of Cameron O'Brien as company secretary of both companies. MTM Critical Metals also sees a shift amongst its leaders, with Lachlan Reynolds is transitioning from MD to CEO. The company also nominates Steve Ragiel as president of US subsidiary Flash Metals, and Paul Niardone as an independent non-executive director. Magnum Mining and Exploration Ltd welcomes John O'Gorman as the new company secretary, while Luke Martino transitions to non-executive chair. MetalsGrove Mining welcomes Lijun Yang as the new MD, replacing Sean Sivasamy. Grange Resources nominates Fong Hoon as an independent non-executive director. Ausgold Limited adds Mark Turner as a new member of the Board. RUA GOLD nominates Tyron Breytenbach as Independent Director and Chair of the Audit Committee. Fokus Mining Corporation announced Luc Gervais as the new member of its Board of Directors, appointment effective immediately. Zeus North America Mining Corp. welcomes Lawrence Cheung as CFO and Corporate Secretary. Spod Lithium Corp. board welcomes Mathieu Couillard as the new President, CEO, and member of the board of directors. Stelmine welcomes Christian de Saint-Rome as the interim President and CEO. Condor Resources appoints Chris Buncic as the new President and CEO. 1911 Gold Corporation Gold Corp nominates Gary O'Connor as the new executive chair, succeeding Mike Hoffman. Vizsla Silver appoints Suki Gill as an Independent Director. (Via Mining News & Junior Mining Network) #ASX #TSX #TSXV #Mining #Metals

Codelco eyeing more output Chile’s State-run copper miner Codelco must focus on boosting its production, but it has a global prestige that would not be tarnished if it cedes its role as Chile’s top producer to rival BHP, Mining Minister Aurora Williams said on Thursday. Codelco, the world’s largest copper producer and a symbol of national pride, is aiming this year to reverse two years of falling production in a bid to not only boost profits but also buttress Chile’s sway over global markets. That plan has been complicated as cost overruns and delays, including accidents, have dogged maintenance and expansion projects. While Codelco met its first-quarter production target, April’s numbers likely will be “a little low,” Williams said, after a worker died in an accident at the company’s Radomiro Tomic mine, shuttering production for a few days. Codelco produced 1.42 million metric tons of copper in 2023, while the mines in Chile operated by Australian miner BHP, including Escondida, the world’s biggest copper mine that it co-owns with Rio Tinto and Japan’s JECO Corp, produced 1.39 million tons. The 50-year-old Codelco accounts for about a quarter of total copper output in Chile. “I don’t think that just one element – production – could at some point detract from Codelco’s prestige,” Williams told Reuters in an interview, when asked about the potential fallout of Codelco being displaced by BHP. “Outside Chile, to talk about Codelco is to talk about a benchmark in mining.” Read more at https://lnkd.in/eg2mXpr9

Morgan Stanley Predicts Massive Investments in U.S. Metals and Mining By ZeroHedge - Apr 08, 2024. Part (2) == The analyst detailed how China dominates the global supply of rare earth minerals and cautioned against rising vulnerabilities in US mineral supply chains, especially given the ongoing tensions in Sino-US relations: "China is in a powerful position to influence the global mineral markets and has already started to flex its strength through mineral export restrictions. For US policymakers, the US's mineral dependence on imports highlights the growing vulnerability of the US mineral supply chain and the urgent need to strengthen domestic supply chains. In addition, the US faces a multi-decade decline in investment in the domestic mining and exploration industry, which has fallen from ~2.0% of GDP in 1960 (and a peak of ~3.1% in 1981) to just ~0.5% today." After being asleep at the wheel for decades, the bloated US government, thank former President Trump - has awakened from its slumber and realized that it must play a serious "catch-up" game with policy reform and incentives for private industry to rebuild America's domestic mining and separation sector. "US permitting reform and other government incentives will likely act as a tailwind for the domestic mining industry through encouraging the development and helping mitigate the associated risks of building new mine supply," the analyst said. He said the big winner of "permitting reform" that is "geared toward promoting the development of mining projects" will be the "Junior Mining and Exploration industry." One company that stands to benefit is MP Materials, the largest US-based miner of rare earths. The analyst said this company is a "play on accelerating adoption of electric vehicles and electrification trends in wind turbines." He continued: "The company's mission is to restore the full US rare earth supply chain. MP has executed on its plan of restarting the Mountain Pass mine in California and it is currently ramping a refining facility to produce rare earth oxides. The company will get into the production of NdFeB alloy flake and permanent mag-nets (critical components for electric vehicles and wind turbines) with a plant that is under construction in Texas."

"HPX (High Power Exploration), a U.S.-based mining company, has made a significant move in West Africa by completing the acquisition of the St. John River iron ore licenses in Liberia, a transaction that has now received official approval from the Liberian government. This strategic acquisition places HPX in a prime position to capitalize on Liberia’s rich mineral resources while strengthening its presence in the region. The newly acquired St. John River licenses, which cover an expansive 250 square kilometers, were previously owned by mining giant BHP. Situated adjacent to the key Yekepa-Buchanan rail corridor, these licenses are believed to hold immense potential, with historical surveys from the United States Geological Survey (USGS) indicating deposits of more than 650 million tonnes of iron ore, with grades reaching as high as 58% iron (Fe). HPX’s geological team confirmed these promising findings after conducting thorough technical due diligence earlier this year. This acquisition is seen as a critical step forward for HPX, positioning the company to enhance its influence across West Africa’s iron ore sector. HPX President and CEO, Bronwyn Barnes, expressed her enthusiasm for the deal, highlighting the alignment of the St. John River licenses with the company’s broader strategy in the region. “The acquisition of the St. John River licenses represents a major milestone for HPX,” she said. “It strengthens our portfolio and complements our existing Nimba iron ore project in neighboring Guinea. We’re excited to move forward and unlock the potential of this asset for both HPX and Liberia.” The St. John River iron ore licenses lie along a proposed multi-user infrastructure corridor, an area central to Liberia’s ambitions for regional economic development. The corridor, which utilizes the existing Yekepa-Buchanan railway line, provides critical access for transporting mined resources. HPX’s investment in this region could prove transformative for Liberia’s mining sector and generate substantial revenue for the country." #Liberia #HPX #Mining #IronOre #Exploration https://lnkd.in/eh7AT2S2

Power Nickel (TSXV:PNPN) is a junior mining company that has made a remarkable discovery at its NISK project in Quebec's Abitibi region. The recently uncovered Lion Zone has emerged as a game-changer for the company, boasting exceptionally high-grade nickel, copper, platinum group metals (PGMs), gold, and silver mineralization. Drill results from the Lion Zone have been outstanding, with numerous holes yielding grades ranging from 3% to an astounding 30% copper equivalent over substantial widths. Importantly, the mineralization starts at surface and has been defined to a depth of 275m, with the main zone spanning 100m in width. The company estimates that the Lion Zone could already host a couple million tonnes of high-grade material, with significant potential for expansion. Power Nickel's CEO, Terry Lynch, believes that there are likely multiple high-grade shoots that could be connected to the main NISK nickel sulfide body, located 5-12km away. In parallel with drilling, Power Nickel is collaborating with CVMR, the world's largest private nickel refinery, on metallurgical testing to potentially produce high-purity nickel powder. This value-added product could command a substantial premium over standard nickel concentrate, significantly enhancing project economics. Power Nickel is well-funded to aggressively advance the NISK project, having recently raised $2M and benefiting from the exercise of in-the-money warrants. The company's strong shareholder base includes at least 11 billionaires and major mining investors such as Robert Friedland, providing both validation and financial support. The company is launching a $2.4M, 30,000m drill program focused on the Lion Zone, with the goal of delineating a multi-million ounce gold equivalent resource by summer. Investors can anticipate a steady stream of drill results and key catalysts over the next 6-12 months. With a tight share structure and low market capitalization (~C$30M), Power Nickel offers investors substantial leverage to exploration success. The company's partnership with CVMR and its location in a top mining jurisdiction further de-risk the project and enhance its appeal. As the global demand for critical minerals continues to surge, driven by the accelerating trends of decarbonization and electrification, companies like Power Nickel that can make significant discoveries and quickly advance them to production are well-positioned to create substantial shareholder value. https://lnkd.in/gVgJNUkm #Nickel #Copper #Platinum #Gold #Silver #Mineralization #PowerNickel #NISKProject #LionZone #DrillResults #HighGrade #MiningDiscovery #AbitibiRegion #JuniorMining #MetallurgicalTesting #CVMR #NickelPowder #ExplorationSuccess #CriticalMinerals #Decarbonization #Electrification

The US ranks 9th with a paltry 17,000 MT production from the ONLY primary nickel mine in the entire country. This is why Stillwater Critical Minerals' Stillwater West project is so important to securing domestic supply. Stillwater Critical Minerals Michael Rowley #mining #nickel #cobalt #platinum #palladium #copper https://lnkd.in/gBu38VFz 9. United States Mine production: 17,000 MT Lastly, US nickel production has increased from 2019’s mark of 14,000 MT to 17,000 MT in 2023. The Eagle mine is the only primary nickel-mining property in the US. The asset, located on the Yellow Dog Plains in the Upper Peninsula of Michigan, is a small, high-grade nickel-copper mine owned by Lundin Mining. Nickel is included on the US' critical minerals list, and in September 2023, under the Defense Production Act, the US Department of Defense awarded US$20.6 million to Talon Metals for further exploration and mineral resource definition at its Tamarack nickel-copper-cobalt project in Minnesota.

Toronto, Ontario–(Newsfile Corp. – August 14, 2024) – Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) (“Denarius Metals” or “the Company”) announced today that it has filed its unaudited interim condensed consolidated financial statements and accompanying management’s discussion and analysis (MD&A) for the three and six months ended June 30, 2024. Denarius Metals is an emerging metals producer with two mines, Zancudo in Colombia and Aguablanca in Spain, advancing toward the start of production within the next 6 to 12 months. In March 2024, the Company graduated its listing to Cboe Canada, followed by a change of its trading symbol to “DMET”. The Company continues to trade on the OTCQX in the United States under the symbol “DNRSF”. Construction and development activities at the Zancudo Project are progressing well while the Company waits for the approval of its Environmental Impact Study (“EIS”) that will enable it to commence mining operations. Drilling on the second target, Las Brisas, is commencing in August and should be completed in the fourth quarter of 2024. The results from the 2024 drilling program will serve as a guide for mine development and offer the potential for additional resource growth and extension of the mine’s life. The acquisition of a 50% interest in Rio Narcea Recursos, S.L. (“RNR”) in late 2023 is an important catalyst to build the Company’s presence in Spain and to accelerate its creation of a long-life polymetallic producer leveraging the synergies between the Aguablanca and Lomero Projects. RNR’s two primary assets include a 5,000 tpd processing plant (the “RNR Plant”) and the Aguablanca underground mine, one of the only mines in Spain able to produce both nickel and copper. In April 2024, Denarius Metals announced the results of a Pre-Feasibility Study (the “Aguablanca PFS”) which supports the economic viability of the Aguablanca Project. Using 50% of the RNR Plant’s capacity, the Aguablanca PFS envisions a six-year mine life generating 43.2 million pounds of payable nickel and 34.6 million pounds of payable copper resulting in LOM net revenue of $480 million through the sale of approximately 406,359 tonnes of nickel-copper concentrates with an AISC of $4.04 per pound of payable nickel on a by-product credit basis. At long-term nickel and copper prices of $7.30 per pound and $3.50 per pound, respectively, the Aguablanca PFS generates solid returns with undiscounted after-tax project cash flow on a 100% basis of $105.7 million. The Company is now in the process of preparing a preliminary economic assessment (“PEA”) for its Lomero Project. Denarius Metals has continued its efforts in a challenging market this year to improve its liquidity to fund the investments required to advance its projects and to bring the Zancudo and Aguablanca mines into operation. Full Press Release: https://lnkd.in/djCBEf9h

YAKR WEEKLY BRIEFING - MINING Australian mining’s biggest headlines of the week that was, dot-pointed and delivered every week to keep you in the loop. Market Movements - Kingsgate Consolidated's positive update on the Chatree gold mine in Thailand revealed significant ramp-up progress, which likely reinforced market sentiment. Chatree, one of the company's most valuable assets, demonstrated increased efficiency and productivity. - Other miners like Harmony Gold reported flat production yet improved cash flow through better recovery rates - China’s ambitious expansion in copper smelting capacity, aimed at dominating global production, has sparked concerns about oversupply and competitiveness, Bloomberg reports. Australian producers face pressure as this could lead to squeezed profit margins. Industry Trends - Liontown Resources revised its operational approach at the Kathleen Valley project by delaying capital expenditure and focusing on higher-grade material. This pivot was seen as a response to what is colloquially called the “lithium winter,” a period marked by fluctuating demand and pricing. Sustainability Initiatives - The adoption of green technologies in mining continues to accelerate, highlighted by advancements in heavy vehicle electrification. Industry leaders such as BHP and Rio Tinto have been proactive in transitioning to electric-powered fleets, reducing their reliance on fossil fuels Corporate Developments - NMR's acquisition of advanced gold projects in Queensland for $18.9 million underscores the company's strategic growth in exploration and asset acquisition. This move aligns with efforts to bolster their domestic portfolio amid heightened competition - A new funding allocation aimed at increasing staffing within the Environmental Protection Authority (EPA) was announced, aimed at expediting mining approvals and ensuring efficient project timelines Environmental and Regulatory Updates - The Western Australian mining industry celebrated its seventh consecutive year of employment growth, illustrating sector resilience despite global economic fluctuations. The recent employment boost reflects both sustained project activities and new developments in the region - Government measures continue to favour green technology and sustainable practices, aligning with broader national goals for reducing carbon emissions. The regulatory landscape now encourages innovations that cut energy use and promote environmental stewardship

Strategic Partnership Announcement: A New Era in Mining Innovation!   International Resources Holding (IRH), the dynamic natural resources extractive subsidiary of #2PointZero, is excited to unveil a historic strategic alliance with Oil India Limited / ऑयल इंडिया लिमिटेड, Khanji Bidesh India Limited and ONGC Videsh Ltd to collaborate across the supply chain of Critical Minerals.   The partnership will see IRH, Oil India, KABIL and OVL combine their expertise to identify, acquire or develop assets on a global scale including within India.   This landmark MoU represents a significant advancement in our strategic approach to critical minerals and sets a new benchmark for excellence in mining operations. Our collaborative efforts, in partnership with IRH subsidiaries BMRC International and IRH Global Trading, are strategically designed to enhance UAE-India public-private partnerships and drive cutting-edge innovation within the mining sector.   This pivotal agreement was formalized at the by Her Excellency Mariam bint Mohammed Almheiri, CEO of 2PointZero; Dr Ranjit Rath, Chairman and Managing Director of Oil India; SADASHIV S., CEO of KABIL; and Rajarshi Gupta, Managing Director of OVL.   "Today marks a significant milestone in our journey towards global mining innovation and sustainable mineral supply chains. Our strategic alliance with Oil India, KABIL, and OVL embodies a new era of international cooperation. This landmark agreement, formalized at the UAE-India Business Forum, sets a new benchmark for excellence in critical mineral excavation and redefines industry standards from mine to markets . By combining our expertise with BMRC International and IRH Global Trading, we are not only advancing UAE-India public-private partnerships but also paving the way for groundbreaking advancements and sustainable practices in the mining sector. This partnership is a testament to our commitment to fostering a knowledge-based economy and unlocking new business opportunities across critical sectors." — H.E. Mariam bint Mohammed Almheiri, CEO of 2PointZero   By integrating our respective expertise and resources, we are not only poised to achieve groundbreaking advancements but also to redefine industry standards in sustainable mineral extraction. This partnership underscores our commitment to advancing a knowledge-based economy and creating opportunities for new business across priority sectors.   We look forward to sharing further developments as we embark on this transformative journey together!

Strategic Partnership Announcement: A New Era in Mining Innovation!   International Resources Holding (IRH), the dynamic natural resources extractive subsidiary of 2PointZero, is excited to unveil a historic strategic alliance with Oil India Limited / ऑयल इंडिया लिमिटेड, Khanji Bidesh India Limited and ONGC Videsh Ltd to collaborate across the supply chain of critical minerals.   The partnership will see IRH, Oil India, KABIL and OVL combine their expertise to identify, acquire or develop assets on a global scale including within India.   This landmark MoU represents a significant advancement in our strategic approach to critical minerals and sets a new benchmark for excellence in mining operations. Our collaborative efforts, in partnership with IRH subsidiaries BMRC International and IRH Global Trading, are strategically designed to enhance UAE-India public-private partnerships and drive cutting-edge innovation within the mining sector.   This pivotal agreement was formalized at the by Her Excellency Mariam bint Mohammed Almheiri, CEO of 2PointZero; Dr. Ranjit Rath, Chairman and Managing Director of Oil India; SADASHIV S., CEO of KABIL; and Rajarshi Gupta OVL, Managing Director of OVL.   "Today marks a significant milestone in our journey towards global mining innovation and sustainable mineral supply chains. Our strategic alliance with Oil India, KABIL, and OVL embodies a new era of international cooperation. This landmark agreement, formalized at the UAE-India Business Forum, sets a new benchmark for excellence in critical mineral excavation and redefines industry standards from mine to markets . By combining our expertise with BMRC International and IRH Global Trading, we are not only advancing UAE-India public-private partnerships but also paving the way for groundbreaking advancements and sustainable practices in the mining sector. This partnership is a testament to our commitment to fostering a knowledge-based economy and unlocking new business opportunities across critical sectors." — H.E. Mariam bint Mohammed Almheiri, CEO of 2PointZero   By integrating our respective expertise and resources, we are not only poised to achieve groundbreaking advancements but also to redefine industry standards in sustainable mineral extraction. This partnership underscores our commitment to advancing a knowledge-based economy and creating opportunities for new business across priority sectors.   We look forward to sharing further developments as we embark on this transformative journey together!