Renforth Resources Inc. (CSE:RFR) (OTC:RFHRF) (FSE:9RR) ("Renforth" or the "Company") is pleased to update shareholders on the visual results of our recently concluded Spring 2022 prospecting campaign on our wholly owned, 330 km 2 Surimeau District Property, endowed with battery metals mineralization in several locations. The district scale property is road accessible, located near Malartic, Quebec, with two hydro electric power lines on the property from generating stations just to the south.
Renforth's field crew prospected across the entire property, with several targets. All of the targets were visited with samples taken and submitted to the assay laboratory, it is anticipated receipt of results will be several months. The nature of the sulphide mineralization present on the Victoria Structure and at Lalonde allows the recognition of the presence of mineralization in the field, in some instances confirmed by an XRF, the amount of minerals present will be determined by the lab analysis, which will be released once received.
"Our first round of prospecting our district scale Surimeau property this year went very well, our EM survey is proving to be an excellent road map to mineralization. High level observations are presented in this press release, you can appreciate that lots of data has been generated and will be assimilated into our growing project model, with more to come once assays are received. Everything we are learning will be utilized in the next round of prospecting at Surimeau and, eventually, our next drill program. We have new targets for the next round, based on what we learned this round, which we will target as we continue to learn about and develop Surimeau, Quebec's newest battery metals district" states Nicole Brewster, President and CEO of Renforth.
Successful prospecting of the central portion of the Victoria Structure proves the presence of battery metal mineralization in outcrop, which, along with the EM anomalies demonstrating the presence of surface/near surface sulphides, allows Renforth to conclude that the Victoria Structure is mineralized. Work will continue to define the grade and amount of mineralization. The prospecting progress map below indicates areas which were sampled, including areas sampled for lithium. The red lines are the gps recorded tracks of our field crew this program, the grey lines are their earlier tracks, showing both what has been uncovered but also how much ground has yet to be explored, even within the Victoria Structure and along strike of Lalonde.
The calc-silicate altered unit was originally identified as quartzite. It is usually found in the contact zone between the sediments and ultramafics either directly at or on the contact, or proximal to it. This unit resembles quartzite but is green to brown in colour, fine to medium grained with a plagioclase matrix containing bands and crystals of Cr-diopside - Cr-tremolite and occasional bright green Cr-grossular garnets. This unit seems to be an alteration of the ultramafics themselves and is generally very well mineralized with wide disseminations of coarse clotty sulfide, often 5-15% sulfide overall within these zones. It is also often quite foliated. XRF scans while logging core indicated the presence of Ni, Cu, Zn and Co. These observations were proven with drill core assay results where wide intervals of Ni are present, ranging from 0.1 to 0.34% Ni. Copper, zinc, and cobalt values range quite a bit with up to 1.46% Zn and 0.9% Cu within this unit. Cobalt is present through most samples, generally between 60-200 ppm.
This unit was also observed at surface in the May 2022 Prospecting program within the extent of the current DDH, indicating that this unit is present from surface to a maximum vertical depth of 200.5m in drill core over a strike length of at least 2.2km. It is possible that this is the main shear exposed in the Fall 2021 trenching program.
As indicated in the prospecting progress map above many of the EM anomalies were visited, numerous had outcrop present. There are still a few anomalies to visit on the Victoria Structure to search for outcrop, this will be done in the next prospecting program at Surimeau. It is anticipated this second campaign will commence in the next few weeks.
Technical disclosure in this press release has been reviewed and approved by Francis R. Newton P.Geo (OGQ#2129), a "qualified person" pursuant to NI 43-101.
For further information please contact:
President and Chief Executive Officer
#Unit 1B - 955 Brock Road, Pickering ON L1W 2X9
Follow Renforth on Facebook, LinkedIn and Instagram!
Renforth is focused on Quebec's newest battery metals district, our wholly owned ~330 km 2 Surimeau District Property, which hosts several known areas of polymetallic "battery metals" mineralization, each with various levels of exploration, as well as a significant amount of unexplored ground. Victoria West has been drilled over a strike length of 2.2km, within a 5km long mineralized structure, proving nickel, copper, zinc and cobalt mineralization, in the western end of a 20km magnetic anomaly. The Huston target, during initial reconnaissance, resulted in a grab sample grading 1.9% Ni, 1.38% Cu, 1170 ppm Co and 4 g/t Ag. Additionally, the Lalonde, Surimeau and Colonie Targets are all polymetallic mineralized occurrences which, along with various gold showings, comprise the areas of potential of this NSR free property.
In addition to the Surimeau District battery metals property Renforth wholly owns the Parbec Gold deposit, a surface gold deposit contiguous to the Canadian Malartic Mine property in Malartic, Quebec. In 2020/21 Renforth completed 15,569m of drilling which successfully twinned certain historic holes, filled in gaps in the resource model with newly discovered gold mineralization and extended mineralization deeper. Based upon the success of this significant drill program the Company considers the spring 2020 MRE, with a resource estimate of 104,000 indicated ounces of gold at a grade of 1.78 g/t Au and 177,000 inferred ounces of gold at a grade of 1.78 g/t Au to be out of date. With the new data gained Renforth will undertake to complete the first ever structural study of the mineralization at Parbec, as well as additional total metallic assay work in order to better contextualize the nugget effect on the gold mineralization.
Renforth also holds the Malartic West property, the site of a copper/silver discovery, and Nixon-Bartleman, west of Timmins Ontario, with gold present on surface over a strike length of ~500m.
No securities regulatory authority has approved or disapproved of the contents of this news release.
This news release contains forward-looking statements and information under applicable securities laws. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as 'may', 'will', 'plan', 'expect', 'believe', 'anticipate', 'estimate', 'intend' and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Company's securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.
Click here to connect with Renforth Resources Inc. (CSE:RFR) (OTC:RFHRF) (FSE:9RR) to receive an Investor Presentation
With the global community heavily focused on clean energy initiatives and achieving net zero emissions, it’s safe to say demand for the battery minerals and rare earth metals required to enable this trend will increase. The International Energy Agency (IEA) reported that demand for critical minerals could potentially increase 600 percent by 2040 for the energy sector alone and up to 1,100 percent in electric vehicle and energy grid storage solution production.
Minerals essential for clean energy and electric vehicles, including but not limited to lithium and cobalt, are highly concentrated in a short list of countries. The top three producing nations for these minerals account for more than 75 percent of the supply, paving the way for potential supply chain issues, price swings, and shortages.
Canada’s Quebec produces one fifth of Canada’s mining output and is one of the nation’s most diverse regions when it comes to minerals. Quebec has and is producing lithium, cobalt and some of the rare earth metals needed for clean energy and electric vehicles. Additionally, Quebec has one of the lowest tax rates for mining companies in North America and has several competitive tax incentives. This region has attracted notable mining, including Endeavor Mining (TSX: EDV), Yamana Gold’s (TSX: YRI, NYSE: AUY) subsidiary Canadian Malartic GP, and Aya Gold & Silver (TSX: AYA).
Renforth Resources (CSE:RFR, OTCQB:RFHRF, FSE:9RR) has a portfolio of mineral properties with the Surimeau District Property - a new battery metals discovery, and its Parbec Gold Deposit, both located near Malartic Quebec and in the heart of the Abitibi Greenstone Belt. With a strong management team and projects with promising results to date, Renforth Resources is in a position to capitalize on the rising demand for the battery minerals required to build electric vehicles and other technologies in support of the clean energy transition.
“The ongoing stream of exploration results from the Surimeau and Parbec properties is contributing a powerful one-two punch combination for Renforth,” according to a report from Smallcaps Investment Research, adding, “Surimeau has already evolved from the concept stage to where it is now positioned as a confirmed battery metals discovery. The structural targets further along strike may yet reveal a very large deposit area. Victoria West presents a high magnitude discovery that will attract a lot of interest as work continues.”
Renforth Resources is strategically positioned to benefit from both rising prices in gold and battery metals. The company is striving to become one of Canada’s largest EV battery metal producers through its Surimeau District property.
The Surimeau District battery minerals prospect is located south of the Cadillac Break and is near the Canadian Malartic Mine. The Surimeau District property has several target areas and locations of interest, such as the Victoria West Prospect and the Huston target, which contain battery minerals, including nickel and copper. The Surimeau property is highly accessible via roads and rail-lines and is in close proximity to Canada’s only copper nickel smelter.
The Surimeau project was first investigated by a team of six experienced geologists in the summer of 2020. Their findings revealed that Surimeau had the potential to be “an exceptional exploration asset.” It shares a border with Canada’s largest open pit gold mine, is within an hour of Canada’s only copper nickel smelter, and hosts nickel, copper, zinc, cobalt, PGEs, gold, and silver on surface and in drill core in multiple locations, as well as lithium.
The 100 percent owned Parbec open pit constrained gold deposit is located on the Cadillac Break, a region known for having produced millions of ounces of gold in northwestern Quebec, bordered by the Canadian Malartic Mine, which is Canada’s largest open pit gold mine on the east and south. The Parbec Gold Deposit is fully funded to date, has developed infrastructure, and is accessible by road.
In addition to an existing historic 43-101 Resoruce Estimate this property has extensive exploration potential and was initially acquired from Globex Mining. The company sees this property as a strategic development candidate going forward.
Nicole Brewster ‘s experiences includes as a partner in a successful exploration contracting business which has been active in several countries and on several projects. Those included, amongst many others, supporting and executing the Ring of Fire chromite discovery programs and participating in the re-opening of a mine and associated brownfield exploration in the pyrite belt of southern Spain. Subsequent to becoming President Nicole fixed corporate issues financially and with the Board, consolidated all shareholders (including Nicole), brought the New Alger Property ownership to the 100% level, established the maiden gold resource and sold the property, acquired Nixon-Bartleman, Malartic West and Denain-Pershing (which was subsequently sold), entered into and completed the 100% ownership option on the Parbec Gold Deposit.The Surimeau District Property was acquired via staking and consolidated with the former Malartic West Property. Since assuming the role of President consulting fees associated with Nicole’s management services have been paid after accruing for a length of time with shares rather than cash.
Renforth benefits from Kyle Appleby’s accounting expertise, supporting the Company’s bear market strategy of minimal fundraising and 100% deployment of funds raised to advance our projects with his detailed financial management skills. Appleby has worked both the audit and the issuer side of the business, concentrating on providing contract CFO services to a number of reporting issuers and private companies and active in the resource, agritech, technology and cannabis spaces with experience in take-overs and amalgamations.
John Webster (Camborne School of Mines) has an extensive background in mining and ore processing, having built and operated 15 world class mine developments in Australia, USA, Russia and FSU with emphasis on strategies, resourcing, consulting and operational management with BHP, Vostok Mining, Trafigura and Alexander Mining Plc. An Independent Technical Director for Renforth, Webster contributes his highly innovative expertise in mining, construction, processing and environmental management techniques to our exploration strategies.
April 13, 2022 - TheNewswire - Renforth Resources Inc. (CSE:RFR) (CNSX:RFR.CN) (OTC:RFHRF) (FSE:9RR) ("Renforth" or the "Company") is pleased to inform shareholders that the 935-line km detailed airborne Mag and Electromagnetic survey over the ~20km between the Victoria West and Colonie battery minerals occurrences at Surimeau, also extended north to the LaLonde battery minerals occurrence at Surimeau, has been successfully completed. The magnetic survey clearly delineates the ~20km long Victoria structure with greater detail than what was previously available. The EM survey, a method chosen as it will measure the presence of sulphides to a depth of ~50m, resulted in EM anomalies throughout the length of the Victoria structure. In addition, LaLonde, approximately 3km to the north, also registered the magnetic structure with co-incident EM anomalies. The area surveyed at LaLonde covered the area, which was historically drilled, outlining the presence of battery minerals over a strike length of 2.2km. The survey has outlined a considerable amount of EM anomalies beyond the extent of any recent drilling or trenching.
Click Image To View Full Size
The complete dataset will now be interpreted in order to refine drill targets for Renforth's next drill program at Surimeau, expected to occur in May. Prior to drilling, as soon as snow conditions allow, Renforth will commence a spring prospecting program at Surimeau as previously announced. This prospecting program will have two areas of focus, the first will be the known pegmatites and lithium mineralization at Surimeau, the second will be EM anomalies.
Technical disclosure in this press release has been reviewed and approved by Francis R. Newton P.Geo (OGQ#2129), a "qualified person" pursuant to NI 43-101.
For further information please contact:
President and Chief Executive Officer
#Unit 1B – 955 Brock Road, Pickering ON L1W 2X9
Follow Renforth on Facebook, LinkedIn and Instagram!
Renforth wholly owns the ~260 km 2 Surimeau District Property, which hosts numerous areas of polymetallic and gold mineralization, each with various levels of exploration, as well as a significant amount of unexplored ground. Victoria West has been drilled over a strike length of 2.2km, within a 5km long mineralized structure, proving nickel, copper, zinc and cobalt mineralization, in the western end of a 20km magnetic anomaly. The Huston target, during initial reconnaissance, resulted in a grab sample grading 1.9% Ni, 1.38% Cu, 1170 ppm Co and 4 g/t Ag. In addition to this the Lalonde, Surimeau and Colonie Targets are all polymetallic mineralized occurrences which, along with various gold showings, comprise the areas of potential of this NSR free property.
In addition to the Surimeau District battery metals property Renforth wholly owns the Parbec Gold deposit, a surface gold deposit contiguous to the Canadian Malartic Mine property in Malartic, Quebec. In 2020/21 Renforth completed 15,569m of drilling which successfully twinned certain historic holes, filled in gaps in the resource model with newly discovered gold mineralization and extended mineralization deeper. Based upon the success of this significant drill program the Company considers the spring 2020 MRE, with a resource estimate of 104,000 indicated ounces of gold at a grade of 1.78 g/t Au and 177,000 inferred ounces of gold at a grade of 1.78 g/t Au to be out of date. With the new data gained Renforth will undertake to complete the first ever structural study of the mineralization at Parbec, as well as additional total metallic assay work in order to better contextualize the nugget effect on the gold mineralization.
Renforth also holds the Malartic West property, the site of a copper/silver discovery, and Nixon-Bartleman, west of Timmins Ontario, with gold present on surface over a strike length of ~500m.
No securities regulatory authority has approved or disapproved of the contents of this news release.
This news release contains forward-looking statements and information under applicable securities laws. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as ‘may', ‘will', ‘plan', ‘expect', ‘believe', ‘anticipate', ‘estimate', ‘intend' and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Company's securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.
Copyright (c) 2022 TheNewswire - All rights reserved.
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Renforth Resources Inc. (OTCQB:RFHRF CSE:RFR), based in Toronto, Ontario, focused on nickel, today announced that Nicole Brewster, President & CEO, will present live at VirtualInvestorConferences.com on March 31 st 2022.
DATE: March 31 st , 2022 TIME: 11:30 am LINK: https://bit.ly/3Cqx2B5
Available for 1x1 meetings: April 1, 4th or 5 between 10 and 2.
This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.
Learn more about the event at www.virtualinvestorconferences.com .
About Renforth Resources Renforth wholly owns the ~330 km 2 Surimeau District Property, which hosts numerous areas of polymetallic and gold mineralization, each with various levels of exploration, as well as a significant amount of unexplored ground. Victoria West has been drilled over a strike length of 2.2km, within a 5km long mineralized structure, proving nickel, copper, zinc and cobalt mineralization, in the western end of a 20km magnetic anomaly. The Huston target, during initial reconnaissance, resulted in a grab sample grading 1.9% Ni, 1.38% Cu, 1170 ppm Co and 4 g/t Ag. In addition to this the Lalonde, Surimeau and Colonie Targets are all polymetallic mineralized occurrences which, along with various gold showings, comprise the areas of potential of this NSR free property.
In addition to the Surimeau District battery metals property Renforth wholly owns the Parbec Gold deposit, a surface gold deposit contiguous to the Canadian Malartic Mine property in Malartic, Quebec. In 2020/21 Renforth completed 15,569m of drilling which successfully twinned certain historic holes, filled in gaps in the resource model with newly discovered gold mineralization and extended mineralization deeper. Based upon the success of this significant drill program the Company considers the spring 2020 MRE, with a resource estimate of 104,000 indicated ounces of gold at a grade of 1.78 g/t Au and 177,000 inferred ounces of gold at a grade of 1.78 g/t Au to be out of date. With the new data gained Renforth will undertake to complete the first ever structural study of the mineralization at Parbec, as well as additional total metallic assay work in order to better contextualize the nugget effect on the gold mineralization.
Renforth also holds the Malartic West property, the site of a copper/silver discovery, and Nixon-Bartleman, west of Timmins Ontario, with gold present on surface over a strike length of ~500m.
About Virtual Investor Conferences ® Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
CONTACTS: Nicole Brewster President & CEO Renforth Resources Inc. +1(416)818-1393
Virtual Investor Conferences John M. Viglotti SVP Corporate Services, Investor Access OTC Markets Group (212) 220-2221 johnv@otcmarkets.com
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TheNewswire - March 29, 2022 - Renforth Resources Inc. (CSE:RFR) (CNSX:RFR.CN) (OTC:RFHRF) (FSE:9RR) ("Renforth" or the "Company") is pleased to inform shareholders of the assay results from the 1,203m drilled in 7 holes within the 275m strike length of the stripped area at Victoria West, one of several mineralized areas within our >300 km 2 Surimeau District Property in NW Quebec. SUR-21-28 was drilled for 234m at a dip of -80 as an undercut of SUR-21-26 and SUR-21-27 in the western end of the stripped area, between two historic trenches now within the stripped area. SUR-21-28 assayed 3.46% Ni and 491 ppm Co over 1.5m between 196.5 and 198m down the hole as presented in the table below, within a broad mineralized zone of 170.55m, between 40.9 and 211.45m down the hole which averaged 0.16% Ni and 100.2 ppm Co . Within this broad zone of mineralization there are higher grade sub-zones, as seen in this and other holes drilled in the December program, in this case the zone between 187.5 and 199.5m down the hole, a length of 12m, averaged 0.54% Ni and 138.7 ppm Co , encapsulating the 3.46% Nickel value. Renforth's current interpretation of the mineralization seen at Victoria West is that there are higher grade bands of mineralization within the extent of the mineralized magnetic ultramafic body. The exceptional 3.49% Ni value points to the high grade potential present at Victoria West, which has only seen 5,626m of drilling by Renforth over 2.2km of strike within the known 6km strike length of Victoria West, in the western end of a 20km long magnetic feature also mineralized at its eastern end.
"I am very happy with these results, they support our interest in Surimeau, an interest which only continues to grow. We will soon drill again as we work to define not "whether" there are battery metals within the 6km km long Victoria West area, but instead, answer the question of just how well endowed with battery metals this "hiding in plain sight" discovery really is. We will also be prospecting, following up on the presence of lithium and REEs documented at Surimeau. I expect this property will continue to deliver excitement to Renforth's shareholders for the foreseeable future" states Nicole Brewster, President and CEO of Renforth.
Presented below are the assay results for the 7 holes drilled in December. These are colour coded in order to show, in green, the broader, lower grade mineralized intervals. Within these the contained higher grade zones are given, those above an average of 0.2% Ni are in red.
*Assay results are as measured in the core box. Not true width, true widths are not currently known
Technical disclosure in this press release has been reviewed and approved by Francis R. Newton P.Geo (OGQ#2129), a "qualified person" pursuant to NI 43-101.
For further information please contact:
President and Chief Executive Officer
#Unit 1B – 955 Brock Road, Pickering ON L1W 2X9
Follow Renforth on Facebook, LinkedIn and Instagram!
Renforth wholly owns the ~260 km 2 Surimeau District Property, which hosts numerous areas of polymetallic and gold mineralization, each with various levels of exploration, as well as a significant amount of unexplored ground. Victoria West has been drilled over a strike length of 2.2km, within a 5km long mineralized structure, proving nickel, copper, zinc and cobalt mineralization, in the western end of a 20km magnetic anomaly. The Huston target, during initial reconnaissance, resulted in a grab sample grading 1.9% Ni, 1.38% Cu, 1170 ppm Co and 4 g/t Ag. In addition to this the Lalonde, Surimeau and Colonie Targets are all polymetallic mineralized occurrences which, along with various gold showings, comprise the areas of potential of this NSR free property.
In addition to the Surimeau District battery metals property Renforth wholly owns the Parbec Gold deposit, a surface gold deposit contiguous to the Canadian Malartic Mine property in Malartic, Quebec. In 2020/21 Renforth completed 15,569m of drilling which successfully twinned certain historic holes, filled in gaps in the resource model with newly discovered gold mineralization and extended mineralization deeper. Based upon the success of this significant drill program the Company considers the spring 2020 MRE, with a resource estimate of 104,000 indicated ounces of gold at a grade of 1.78 g/t Au and 177,000 inferred ounces of gold at a grade of 1.78 g/t Au to be out of date. With the new data gained Renforth will undertake to complete the first ever structural study of the mineralization at Parbec, as well as additional total metallic assay work in order to better contextualize the nugget effect on the gold mineralization.
Renforth also holds the Malartic West property, the site of a copper/silver discovery, and Nixon-Bartleman, west of Timmins Ontario, with gold present on surface over a strike length of ~500m.
No securities regulatory authority has approved or disapproved of the contents of this news release.
This news release contains forward-looking statements and information under applicable securities laws. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as ‘may', ‘will', ‘plan', ‘expect', ‘believe', ‘anticipate', ‘estimate', ‘intend' and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Company's securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.
Copyright (c) 2022 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Company Executives share vision and answer questions live at VirtualInvestorConferences.com
Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Quebec Virtual Investor Conference on March 30 th and 31 st . This virtual event will showcase live company presentations and interactive discussions focused on disruptive technologies and investing in Quebec's critical and strategic minerals and high-tech sectors.
Individual investors, institutional investors, advisors, and analysts are invited to attend.
REGISTER NOW AT: https://bit.ly/36oj3zW
It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations and schedule 1x1 meetings.
NEW CONFERENCE FEATURE: Ability to schedule 1x1 meetings with presenting companies' management.
"We are thrilled to host the two-day Quebec Critical Metals and Technology Investor conference, highlighting the breadth of the province's rich commodities and burgeoning technology" said Jason Paltrowitz , Executive Vice President of Corporate Services at OTC Markets Group. We graciously welcome the participation of Quebec's Delegate General, Martine Hebert and Associate Deputy Minister of Mines, Nathalie Camden to this signature event."
"On behalf of the Quebec Government, I am delighted to take part in "Investing in Quebec's Critical and Strategic Minerals and High-Tech Sectors Conference." This conference will showcase for U.S. and investors elsewhere some our best competitive advantages: all the minerals and raw materials required for battery manufacturing and a vast territory containing new mining opportunities with a reliable, sustainable and ethical partner," said Nathalie Camden , Associate Deputy Minister of Mines. "Our action plan on critical and strategic minerals has already yielded impressive results, not only because we have the resources, the will and the tools needed, but because we ensure that all agencies and government entities work together toward one main goal: helping companies and governments to secure their mineral supply chain. We are thankful to the New York Delegate General, Martine Hebert and her team for the opportunity and their partners OTC Markets, Murdock Capital Partners and TAA Advisory for this remarkable event."
Introduction: Martine Hebert, New York Delegate General Government of Quebec
Welcome Remarks: Nathalie Camden, Associate Deputy Minister of Mines of Quebec
Panel: Key Factors to Consider in Mining Investment Decisions:
QC Copper & Gold Inc.
Panel: A Partnership for a Turnaround of a Lithium Mine in Quebec with Sayona Piedmont
Nasdaq: PLL and OTCQB: SYAXF
Panel: Quebec 360 Degrees: From Mining to Recycling Batteries
with Nouveau Monde Graphite, Lithion Recycling, & Blue Solutions
To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com .
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2022/23/c7123.html
News Provided by Canada Newswire via QuoteMedia
Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the upcoming Quebec Virtual Investor Conference on March 30 th and 31 st . This virtual event will showcase live company presentations and interactive discussions focused on disruptive technologies and investing in Quebec's critical and strategic minerals and high-tech sectors.
Individual investors, institutional investors, advisors, and analysts are invited to attend.
REGISTER NOW AT: https://bit.ly/36oj3zW
It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations and schedule 1x1 meetings.
NEW CONFERENCE FEATURE: Ability to schedule 1x1 meetings with presenting companies' management.
"We are thrilled to host the two-day Quebec Critical Metals and Technology Investor conference, highlighting the breadth of the province's rich commodities and burgeoning technology," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. We graciously welcome the participation of Quebec's Delegate General, Martine Hebert and Associate Deputy Minister of Mines, Nathalie Camden to this signature event."
"On behalf of the Quebec Government, I am delighted to take part in "Investing in Quebec's Critical and Strategic Minerals and High-Tech Sectors Conference." This conference will showcase for U.S. and investors elsewhere some our best competitive advantages : all the minerals and raw materials required for battery manufacturing and a vast territory containing new mining opportunities with a reliable, sustainable and ethical partner," said Nathalie Camden, Associate Deputy Minister of Mines. "Our action plan on critical and strategic minerals has already yielded impressive results, not only because we have the resources, the will and the tools needed, but because we ensure that all agencies and government entities work together toward one main goal: helping companies and governments to secure their mineral supply chain. We are thankful to the New York Delegate General, Martine Hebert and her team for the opportunity and their partners OTC Markets, Murdock Capital Partners and TAA Advisory for this remarkable event."
To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com .
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
Media Contact: OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com
Virtual Investor Conferences Contact: John M. Viglotti SVP Corporate Services, Investor Access OTC Markets Group (212) 220-2221 johnv@otcmarkets.com
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Rafaella Resources Limited (ASX:RFR) (‘Rafaella’ or the ‘Company’) is pleased to announce that assay results from three exploration diamond drillholes (‘DDH’) drilled, but never assayed, in 2015 by Valoriza Minería S.L.U. (‘Valoriza’) returned high tin grades from cassiterite mineralisation. These results will be included for the ongoing 3D geological model of the vein system and for a maiden JORC compliant Mineral Resource Estimate (MRE) for its 100% owned San Finx tin and tungsten mine1 (“San Finx”).
Managing Director Steven Turner said:“These results confirm the exceptional grades of both tin and tungsten that are characteristic of this mine and underpin the attractiveness of restarting operations as soon as possible. San Finx is a historically producing mine with simple metallurgy and a track record of selling high-grade clean concentrates under contract. Work is continuing with the JORC compliant mineral resource estimate, and these results will be incorporated into that study. The Board looks forward to updating the market with the final report in Q3 2022.”
Assay results from 3 deep DDH, drilled by previous owners
Rafaella Resources has received assay data from the three DDH re-coded as 15DDPN01 (PN01), 15DDPN02 (PN02) and 15DDPN03 (PN03) which were drilled by Valoriza with the objective of expanding resources at depth for the underground operation. Figure 1 shows the location of the drillholes and of the underground development projections.
Figure 1. San Finx Sn-W deposit showing the mineralized zones at surface and the projection of the underground development for the zones of Buenaventura and Pozo Nuevo. Collar and projection of DDH PN01, PN02 and PN03.
Table 1 is showing drillhole coordinates, depth and downhole survey.
A total of 71 samples from the 3 DDH, including QA/QC (blanks, standards and duplicates from both, pulps, and coarse rejects) were submitted to ALS preparation laboratory in Seville.
All intercepts above 0.25% cut-off (combined Sn + WO3) have been calculated, as shown in table 2. True thickness factor has been applied according to the angles measured directly from core.
Cu assay returned an average grade of 0.30% Cu within the 0.25% Sn+WO3 cut-off intervals, suggesting that the mine could generate credits from a by-product sulphide concentrate.
The mineralised veins intersected generally correspond with the NE system, showing high core angles, Corrections ranging between 0.50 and 0.95 have been applied for the true thickness factor. Note that for the shallower mineralised veins intersected by DDH 15DDPN01, drilled in the NE extreme of the Pozo Nuevo Zone and that corresponds with the NNE trending Campelo-Silva vein system, the true thickness factor applied was much higher due to the low angle that such veins have been intersected.
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This article includes content from Rafaella Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Renforth Resources Inc. (CSE:RFR) (OTC:RFHRF) (FSE:9RR) ("Renforth" or the "Company") is pleased to inform shareholders that field operations at Surimeau have resumed, our team of geologists will be following up on the visual mineralization encountered in the May 2022 program with additional prospecting and mapping in the area, stripping and channel sampling.
Information acquired in the May program, and which will be acquired in this next program, will allow Renforth to better define the surface extent of the battery minerals bearing Victoria Structure which stretches ~20km east to west across the central portion of our 330 sq. km. Surimeau property, road accessible adjacent to the. Canadian Malartic Mine and the Town of Malartic, Quebec.
Technical disclosure in this press release has been reviewed and approved by Francis R. Newton P.Geo (OGQ#2129), a "qualified person" pursuant to NI 43-101.
For further information please contact:
President and Chief Executive Officer
#Unit 1B - 955 Brock Road, Pickering ON L1W 2X9
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Renforth is focused on Quebec's newest battery metals district, our wholly owned ~330 km 2 Surimeau District Property, which hosts several known areas of polymetallic "battery metals" mineralization, each with various levels of exploration, as well as a significant amount of unexplored ground. Victoria West has been drilled over a strike length of 2.2km, within a 5km long mineralized structure, proving nickel, copper, zinc and cobalt mineralization, in the western end of a 20km magnetic anomaly. The Huston target, during initial reconnaissance, resulted in a grab sample grading 1.9% Ni, 1.38% Cu, 1170 ppm Co and 4 g/t Ag. Additionally, the Lalonde, Surimeau and Colonie Targets are all polymetallic mineralized occurrences which, along with various gold showings, comprise the areas of potential of this NSR free property.
In addition to the Surimeau District battery metals property Renforth wholly owns the Parbec Gold deposit, a surface gold deposit contiguous to the Canadian Malartic Mine property in Malartic, Quebec. In 2020/21 Renforth completed 15,569m of drilling which successfully twinned certain historic holes, filled in gaps in the resource model with newly discovered gold mineralization and extended mineralization deeper. Based upon the success of this significant drill program the Company considers the spring 2020 MRE, with a resource estimate of 104,000 indicated ounces of gold at a grade of 1.78 g/t Au and 177,000 inferred ounces of gold at a grade of 1.78 g/t Au to be out of date. With the new data gained Renforth will undertake to complete the first ever structural study of the mineralization at Parbec, as well as additional total metallic assay work in order to better contextualize the nugget effect on the gold mineralization.
Renforth also holds the Malartic West property, the site of a copper/silver discovery, and Nixon-Bartleman, west of Timmins Ontario, with gold present on surface over a strike length of ~500m.
No securities regulatory authority has approved or disapproved of the contents of this news release.
This news release contains forward-looking statements and information under applicable securities laws. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as 'may', 'will', 'plan', 'expect', 'believe', 'anticipate', 'estimate', 'intend' and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Company's securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.
Click here to connect with Renforth Resources Inc. (CSE:RFR) (OTC:RFHRF) (FSE:9RR) to receive an Investor Presentation
Click here to read the previous top nickel stocks article.
After seeing huge gains earlier in the year, the nickel price has cooled, and shares of nickel-focused companies on the TSX and TSXV have subsided along with it.
Back in Q1, nickel rocketed to US$100,000 per metric ton (MT) — an all-time high and a rise of 250 percent over the course of two days. In response, the London Metal Exchange suspended trading and canceled some trades.
Even though prices have pulled back, many nickel companies are still up significantly year-to-date, which can't be said for all commodities in this struggling market.
Below the Investing News Network has listed the top nickel stocks on the TSX and TSXV by share price performance so far this year. All year-to-date and share price data was obtained on June 20, 2022, using TradingView’s stock screener. The top nickel stocks listed had market caps above C$10 million at that time.
Year-to-date gain: 34.69 percent; market capitalization: C$40.11 million; current share price: C$0.33
Garibaldi Resources is an explorer focused on its high-grade Nickel Mountain project in BC, Canada. According to the company, it discovered Northwest BC’s first magmatic nickel massive sulfide, which is within the E&L intrusion at Nickel Mountain. The discovery contains seven metals, including nickel, copper and cobalt. Exploration highlights include 8.3 percent nickel, 4.3 percent copper and 0.19 percent cobalt over 16.75 meters.
Garibaldi released results from a 2021 ZTEM survey at Nickel Mountain on March 31. According to the release, “the large ZTEM response beneath E&L greatly expands the potential for further discovery beneath and around E&L.” In the week following this news, company shares jumped to a year-to-date high of C$0.63 on April 4. Since then, the company has released follow-up information about the ZTEM results, including the identification of a new pipe-like target, and has announced the purchase of an additional mineral tenure that is contiguous with its Red Lion project.
Garibaldi’s most recent news came on May 13, when it announced that exploration at the Casper quartz gold vein discovery showed 30 grams per MT gold, after which the company saw a small share price spike.
Year-to-date gain: 30 percent; market capitalization: C$15.84 million; current share price: C$0.13
Grid Metals is a nickel explorer and developer working out of Canada’s Manitoba and Ontario provinces. The company holds a portfolio of five projects that all tie into its goal of targeting the battery metals industry. Grid’s flagship project is its Makwa Mayville nickel-copper project, which also hosts platinum-group metals and cobalt mineralization. Near Makwa Mayville is Grid’s Mayville lithium property. The company is also exploring the Donner Lake lithium project.
The company’s share price rose with nickel to hit a year-to-date high of C$0.23 on March 10. On March 11, it released drill results from its Bannockburn nickel property; the best result was 341.7 meters averaging 0.28 percent nickel. Since then, Grid has released exploration results for two drill holes at Donner Lake and 14 at Makwa Mayville. Grid released further positive news at Donner Lake that extended the Northwest Dyke target, which started a share price gain that met its previous high on May 3; it shared the discovery of new high-grade lithium at the project on May 12.
On June 7, Grid Metals and Canada Nickel Company (TSXV:CNC,OTCQX:CNIKF)announced that Grid would be selling Bannockburn to the latter company. In return, Grid Metals will receive 2 million Canada Nickel common shares.
Year-to-date gain: 25.64 percent; market capitalization: C$200.63 million; current share price: C$0.49
Sherritt International is a miner, producer and refiner of high-purity nickel and cobalt, and its primary focus is nickel. The company operates a mine in Cuba and a refinery in Alberta, both of which are part of its 50/50 Moa joint venture with Cuba’s General Nickel Company. The vertically integrated joint venture has a capacity of 35,000 tonnes of nickel and 3,800 tonnes of cobalt produced per year.
In February, Sherritt released its 2021 production results and 2022 guidance. Among other details, the company revealed it expects a production increase for nickel, from 31,184 tonnes in 2021 to guidance of 32,000 to 34,000 tonnes for this year. On March 1, the company announced the appointment of decarbonization expert Chih-Ting Lo to its board of directors, and also named Maryse Bélanger as deputy chair. The focus of these changes is to strengthen Sherritt's commitment to environmental, social and governance matters.
Sherritt’s share price shot up alongside the nickel price to reach a high of C$0.82 on March 10. On May 11, the company shared its first quarter results, including its portion of finished nickel production at Moa of 3,875 MT.
Year-to-date gain: 25 percent; market capitalization: C$104.24; current share price: C$1.25
Unlike the other companies on this list, Nickel 28 Capital is a streaming and royalty company focused on battery metals, primarily nickel and cobalt. The company has an 8.56 percent joint venture interest in the Ramu nickel-cobalt operation in Papua New Guinea, as well as royalty agreements for 13 nickel and cobalt projects.
The company hasn’t released much news thus far in 2022. On February 1, it shared full-year and Q4 2021 operating results for the Ramu project, including annual output of 31,594 MT of contained nickel and sales of 32,793 MT. Although Nickel 28 didn’t release more news until May 9, its share price has trended upwards this year, with a spike in early March and steady growth in April. It hit its year-to-date high of C$1.73 on April 20, but fell off in early May.
On May 9, the company shared its Q1 results for Ramu, with production of 8,756 MT of contained nickel and sales of 3,336 MT. Nickel 28's share price saw a small spike in early June, which it maintained through the June 1 release of its results for the 2021 financial year, including repayment of US$38 million of debt. Its share price has fallen again recently, but it is still up year-to-date.
Year-to-date gain: 20 percent; market capitalization: C$127.36 million; current share price: C$0.60
FPX Nickel is a nickel company developing its flagship Decar Nickel District in BC, at which its main focus is the Baptiste deposit. It has recently begun exploring the Van deposit at the same property. It also has 100 percent ownership of three other nickel projects in BC and one in Canada's Yukon.
FPX’s share price soared in early March alongside the nickel price and on the release of news that the company had appointed a new principal metallurgist; the firm hit a year-to-date high of C$0.87 on March 8. Other March news includes drill results at Baptiste and the creation of a subsidiary called CO2 Lock to pursue carbon capture technology.
The majority of FPX's news since then has focused on Decar. On May 24, the company shared plans for an exploration drilling program at the Van target. At the Baptiste deposit, the company announced positive findings for the use of carbon capture technology for tailings at the site, as well as news on engineering trade-off studies at the site.
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Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Canada Nickel Company and FPX Nickel are clients of the Investing News Network. This article is not paid-for content.
Nickel Creek Platinum President & CEO Stuart Harshawyoutu.be
Nickel Creek Platinum (TSX:NCP,OTCQB:NCPCF) CEO Stuart Harshaw said, “By early 2030s, we're going to need twice as much nickel as what is produced today. And sulfides are depleting. The long-term sulfide mines that are being processed for the last 20 to 30 years from the big main players are getting harder to find. So they're going to be looking for these types of deposits that Nickel Creek represents.”
Nickel Creek Platinum intends to conduct a 2022 drill program at its 100 percent owned Nickel Shäw project in Yukon, Canada. According to news releases, the Nickel Shäw project contains 1.9 billion pounds of nickel, 1.1 billion pounds of copper and nearly 6 million ounces of platinum, palladium and gold.
Harshaw said, “We've been producing nickel, copper, cobalt, platinum, palladium and gold. We call them precious metals. This program that we're doing right now is really moving us along the development path. We've been waiting on the nickel market to improve. It's been in what I would consider a low position over the last 10 years. Right now, you're starting to see the real pickup in that due to the increased demand coming from the electric vehicle market especially.”
Nickel’s primary role in electric vehicles is in the battery. Harshaw explained that the mistake people make is to say it's a lithium battery. According to Harshaw, It's actually a nickel battery, and that's where most of the nickel will be in the battery chemistry.
“We're looking to do a prefeasibility study that may take five to six years from inception. The key though for the concept of nickel is that we're going to need to double the amount of nickel produced in the world in the next decade," Harshaw said.
“The most important thing to understand is that we have a very large, valued property because of the platinum, palladium and copper that comes with the nickel. This is not just a nickel play. What you actually are getting is a very high value per tonne for these types of deposits. That's an important thing to understand about Nickel Creek Platinum.”
Additionally, Nickel Creek Platinum recently closed a C$2.7 million private placement. Harshaw said, “We’re very well funded; we just finished a raise. We've got money in the bank that will take us through to the middle of next year and fund the work we're doing on the prefeasibility study.”
Watch the full interview of Nickel Creek Platinum CEO Stuart Harshaw above.
Disclaimer: This interview is sponsored by Nickel Creek Platinum (TSX:NCP,OTCQB:NCPCF). This interview provides information that was sourced by the Investing News Network (INN) and approved by Nickel Creek Platinum in order to help investors learn more about the company. Nickel Creek Platinum is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Nickel Creek Platinum and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
Talon Metals Corp. (TSX: TLO) ("Talon" or the "Company") is pleased to announce the results of its annual and special meeting of shareholders ("AGM") held today.
All of the nominee directors listed in Talon's management information circular dated May 24, 2022 were elected as directors. The results of the shares voted in respect of the election of each director were as follows:
Furthermore at the AGM, shareholders of the Company, (i) by a majority of votes cast, excluding the votes attaching to the common shares of the Company held by insiders and their associates, approved the issuance of all unallocated options issuable, from time to time, under the Company's stock option plan until June 22, 2025, and (ii) voted in favour of appointing MNP LLP as auditors of the Company for the ensuing year and authorizing the directors to fix their remuneration.
Talon is a TSX-listed base metals company in a joint venture with Rio Tinto on the high-grade Tamarack Nickel-Copper-Cobalt Project located in central Minnesota. Talon's shares are also traded in the US over the OTC market under the symbol TLOFF. The Tamarack Nickel Project comprises a large land position (18km of strike length) with high-grade intercepts outside the current resource area. Talon has an earn-in right to acquire up to 60% of the Tamarack Nickel Project, and currently owns 51%. Talon is focused on (i) expanding and infilling its current high-grade nickel mineralization resource prepared in accordance with NI 43-101 to shape a mine plan for submission to Minnesota regulators, (ii) following up on additional high-grade nickel mineralization in the Tamarack Intrusive Complex, and (iii) exploring the prospects for significant carbon storage in the ultra-mafic rocks that comprise the Tamarack Intrusive Complex through carbon mineralization. Talon has an agreement with Tesla Inc. to supply it with 75,000 metric tonnes (165 million lbs) of nickel in concentrate (and certain by-products, including cobalt and iron) from the Tamarack Nickel Project over an estimated six-year period once commercial production is achieved. Talon has well-qualified experienced exploration, mine development, external affairs and mine permitting teams.
For additional information on Talon, please visit the Company's website at www.talonmetals.com or contact:
Sean Werger President Talon Metals Corp. Tel: (416) 361-9636 x102 Email: werger@talonmetals.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/128599
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Rafaella Resources Limited (ASX:RFR) (‘Rafaella’ or the ‘Company’) is pleased to announce the results of an advanced open pit pre-feasibility study (Advanced PFS) conducted at the Santa Comba Tungsten and Tin Project (“Santa Comba Project’ or the ‘Project’) in northwestern Spain. The PFS shows the Project to be economically robust, complementing the permitted underground mine and offering significant upside due to the obvious scalability.
*There is a lower level of geological confidence associated with inferred mineral resources and there is no certainty that further exploration work will result in the determination of indicated mineral resources or that the production target itself will be realised.
** The potential quantity and grade of the Exploration Target is conceptual in nature; there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration work will result in the estimation of a Mineral Resource.
The Advanced PFS has been prepared in accordance with JORC 2012 by Consultores Independientes en Gestión de Recursos Naturales, S.A. (CRN) and follows the 42% increase in the Mineral Resource Estimate4 reported in August 2021 (after the 2021 drill campaign) and test work that showed improved metallurgical recoveries5 from Santa Comba project ores in January 2022.
Managing Director Steven Turner said:
“The study work has been carried out to a definitive feasibility level in most areas with CAPEX and OPEX estimations having an accuracy of +/- 10-15% at the time of estimation. Further work to finalise the definitive study is mainly related to metallurgical optimisation studies, however sufficient understanding of the processing has been achieved to confirm the attractiveness of the open pit as a complementary operation to the permitted underground mine, creating a long-term integrated scalable project. The Company is now able to move to the next important development stage and commence the open pit permit application process, presenting the Project as one of strategic importance to Galicia and Spain. The integrated Santa Comba project provides the Company with a future world class tungsten operation, combining (i) a high-grade underground operation, which is highly synergistic to the recent San Finx tin and tungsten mine acquisition, with (ii) a large scale, high volume, open pit development. The Project will bring major regional investment, securing long term jobs and a responsibly operated domestic source of a critical metal, highly vulnerable to Chinese and Russian supply chain disruption.”
Rafaella aims to be a significant supplier of tin and tungsten to Europe and North America through the development of its two Galician mines; Santa Comba and San Finx. The Company is actively seeking ways to advance both projects which have previously operated and benefit from pre-exiting permits and substantial infrastructure.
The plans for Santa Comba project to operate as an underground and open pit mine are expected to extend the Project’s mine life and support regional investment and local job creation.
The two naturally occurring tungsten minerals, that currently support commercial extraction and processing are wolframite ((Fe,Mn)WO4) and scheelite (CaWO4). Tungsten has a unique set of physical properties; it has the highest melting point of all the elements (~3,400°C), has a density that is 19.3 times that of water, making it among the heaviest metals, has excellent electrical conductivity and its coefficient of thermal expansion is the lowest of all metals.
Tungsten is classified as a critical metal due to its importance to key industries, whilst being vulnerable to supply chain disruption. 85% of global tungsten concentrates come from China. Importantly around 20% of Europe’s current demand is met from Russian sources (Argus Media). Given geopolitical events, the risks to future supply disruptions are very real and have been the subject of increasing concern at the European Commission level. A key mitigant to this risk would be the development of domestic resources. The Santa Comba project contains such a resource.
Prices for tungsten concentrates have historically tended to follow the same trend as prices for ammonium paratungstate (APT), which is the key intermediary product in the tungsten supply chain. APT prices are quoted on the basis of metric tonne units. A metric tonne unit (MTU) is 10 kg. An MTU of tungsten trioxide (WO3) contains 7.93 kg of tungsten (W). Standard industry grade specification for tungsten concentrate is 65% WO3.
Click here for the full ASX Release
This article includes content from Rafaella Resources Limited , licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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