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- Nova Silica Sand Project - The Makings of a Tier 1 Industrial Mineral Miner on the ASX.
Rooster Talk 47 with Robert Martin, Executive Chair of Suvo Strategic Minerals Limited (ASX: SUV) . Suvo is positioning itself towards being a Tier 1 Industrial Minerals Miner. They have the Kaolin part sorted and is now taking the step to mining Silica Sands. According to Robert Martin, the Executive Chair of Suvo, this is the missing link in the company's strategy. The company has had this asset since their IPO but has not moved on it till now. What I like hearing from Robert is that he wants to build mines. He wants to create a Tier 1 Industrial Minerals Mining machine. From a person who has built a profitable mining services company, his words mean more to me now as I am seeing more of his cards. The Silica story is one that will add significant value to the company. We have natural silica flour which adds market value that is unique to the Nova Silica Project. Robert tells us that they are getting calls daily about what they are doing with this Silica Project. As we all know, exploration is a marathon and it is a matter of luck and science. The Nova Silica project is not like finding gold or nickel or copper. Silica is very much like iron ore, coal, and clay. Once you have discovered a presence, the likelihood of finding a resource is very high. This is why when you resource Coal, your drill spacing does not need to be close. Some of the spacing can be hundreds of metres apart. This resource statement that has been released is a stepping stone to a final solution. More steps are coming up with Suvo, so watch this space. Chapters: 00:00 Intro 00:59 The Nova Silica Project Story 02:52 What does Nova mean for Suvo? 05:20 Why is Nova of interest? 07:55 Does Suvo really have more than the 15% stated? 10:37 Rising silica market demands 12:40 The importance of the quality of Nova. 13:50 Silica processing is chemical free. 15:05 What's the news flow? 16:43 Great stock to DYOR 17:25 Shifting on metal demand. 18:34 Last words from Robert 20:05 Conclusion PODCAST About Robert Martin Mr Martin has over 20 years experience across the mining services, supply chain and capital market sectors. Mr Martin has owned and operated a highly successful mining services company which became a leading provider of products and services to the mining industry and operated globally with offices across Australia and internationally. After seven years of revenue and profitability growth and expansion into multiple countries, Mr Martin’s company was acquired by a prominent Perth business for an undisclosed multi-million dollar sum. Mr Martin runs a family office in Western Australia with a focus on investing and supporting emerging private and public businesses, and currently holds the position of non-executive director at PARKD Limited and is the non-executive chairman of publicly listed Critical Resources Limited. About Suvo Strategic Minerals Limited Suvo Strategic Minerals is a dual commodity Australian mining company listed on the Australian Stock Exchange (ASX:SUV) focused on the development of their 100% owned White Knight Kaolin Project located in the Yilgarn Craton in the central wheat belt and their 100% owned Nova Silica Project located in the Gin Gin Scarp near the township of Eneabba all situated within Western Australia. About the Nova Silica Sand Project The Nova Silica Sand Project is a 100% owned potential large-scale Silica Sand resource located in the Gin Gin scarp near the township of Eneabba the project has existing rail cart transport solutions direct from the tenements to Geraldton port. Watch the video - Suvo Expands Nova Silica Sands project Suvo's ESG Strategy Robert highlighted that Suvo has engaged an ESG team to help Suvo look at sustainable ways to rejuvenate what they have mined and further reduce carbon footprint for example using solar powered resources. The ESG strategy will see a long term intent to add value to shareholders as well as to communities and the environment. Share to Grow: Your Bonus eBook: How to add value to your Share Portfolio This is a good time to download our Free Ebook as it is all about VMS (Volcanogenic Massive Sulfides). The eBook is about lessons on geological models sought by mining companies. It gives insight and an understanding of which portfolios are better - and potentially more lucrative investments. Click here to download this eBook . Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- Suvo Strategic Minerals Limited, the only Kaolin Producer Going into High Grade Silica.
Coffee with Samso 102 with Robert Martin, Executive Chair of Suvo Strategic Minerals Limited (ASX: SUV) . Suvo is one of only three players in the Kaolin sector and they are also the only one with a processing plant. Recently listed on the ASX in 2020, the Kaolin and Silica small cap resource company is now a producer. This sector is really about the simple business of mining and exporting high grade quality clay. According to Robert Martin, the Executive Chair of Suvo, the value adding is just starting. In December 2020, Suvo added the Imery processing plant and the Pittong project in Victoria which effectively moved the company into the producer stage. However, something the company has and not valued, is their Silica project in WA. The Nova silica sand project located in the Gingin region of Western Australia could create value that the market has missed. There are Four Revenue Streams from the Silica project. Listen to the video to understand what they are. Chapters: 00:00 Intro 01:08 Robert Martin tells us about Suvo. 05:29 What is the Kaolin Market? What is significant about Suvo's projects? 09:29 What does Halloysite mean for Suvo? 11:14 Suvo can produce different types of Kaolin products. 14:52 Suvo has 30 years of Kaolin experience. 16:32 The Silica Story. 18:51The Silica Flower Story. 20:49 Why Silica projects can work. 24:13 Environmental hurdles for silica projects. 25:47 Why ESG may make silica projects more feasible. 27:09 Silica is all about physical waste as opposed to chemical waste. 27:47 Robert Martin shares his thoughts on the journey of Suvo. 30:15 The virtues of the silica market. 31:32 The Kaolin market is very big. 32:38 Samso's thoughts 33:58 We are in the New World. 34:47 Conclusion PODCAST About Robert Martin Mr Martin has over 20 years’ experience across the mining services, supply chain and capital market sectors. Mr Martin has owned and operated a highly successful mining services company which became a leading provider of products and services to the mining industry and operated globally with offices across Australia and internationally. After seven years of revenue and profitability growth and expansion into multiple countries, Mr Martin’s company was acquired by a prominent Perth business for an undisclosed multi-million dollar sum. Mr Martin runs a family office in Western Australia with a focus on investing and supporting emerging private and public businesses, and currently holds the position of non-executive director at PARKD Limited and is the non-executive chairman of publicly listed Critical Resources Limited. About Suvo Strategic Minerals Limited Suvo Strategic Minerals is a dual commodity Australian mining company listed on the Australian Stock Exchange (ASX:SUV) focused on the development of their 100% owned White Knight Kaolin Project located in the Yilgarn Craton in the central wheat belt and their 100% owned Nova Silica Project located in the Gin Gin Scarp near the township of Eneabba all situated within Western Australia. About the Nova Silica Sand Project The Nova Silica Sand Project is a 100% owned potential large-scale Silica Sand resource located in the Gin Gin scarp near the township of Eneabba the project has existing rail cart transport solutions direct from the tenements to Geraldton port. Suvo's ESG Strategy Robert highlighted that Suvo has engaged an ESG team to help Suvo look at sustainable ways to rejuvenate what they have mined and further reduce carbon footprint for example using solar powered resources. The ESG strategy will see a long term intent to add value to shareholders as well as to communities and the environment Share to Grow: Your Bonus eBook: How to add value to your Share Portfolio This is a good time to download our Free Ebook as it is all about VMS (Volcanogenic Massive Sulfides). The eBook is about lessons on geological models sought by mining companies. It gives insight and an understanding of which portfolios are better - and potentially more lucrative investments. Click here to download this eBook . Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- OD6 Metals Limited (ASX: OD6) - Outstanding High-Grade Rare Earth Results
Rooster Talk Episode 67 is with Brett Hazelden, Managing Director and CEO of OD6 Metals Limited (ASX: OD6) . When we last spoke on Coffee with Samso Episode 158 , Brett gave us a lesson on Rare Earth Elements and how investors should look at this sector. Brett is now showing the proof in the pudding. The recent results are showing the market that OD6 Metals has the asset to make the company a future REE producer. The recent announcement on 10 November 2022 entitled "Outstanding High-Grade Clay Rare Earths with Extensive Areas Confirmed at Splinter Rock" has not set up the company for a lot of attention from investors in the ASX. Brett is narrating this episode to help us understand what all the numbers mean. It is not easy to understand what makes the Rare Earth project tick. However, if you are looking to invest in this sector and you are not playing the "selling dreams" message, then it is best you take notice. "These initial rare earth assay results are outstanding and represent some of the highest grades and thickest clay-hosted rare earth intersections seen in Australia. The extent and consistency of these shallow, high-grade clays have resulted in four significant prospects being identified that are between four and seven kilometers in width which are open in length, on our 2,579km2 Splinter Rock project. More importantly, these drill results validate historic assays, plus they extend the discovery of clay-hosted rare earths across a new drill line perpendicular to the original line. This bodes well for future drilling, which we anticipate will significantly grow the known mineralised area. The Splinter Rock Project, with its proximity to port and renewable energy generation potential, now has the very real potential to be a globally significant, world class group of mineral systems that could be a multigenerational asset as the world transitions to the decarbonised economy. The scale of these clays is hard to comprehend when you start talking multiple kilometers in one direction at a thickness of between 10 to 30m. The potential is massive." Comments by Brett Hazelden 10th November 2022 In a fast moving REE business, there is merit in putting your money into the best option. I always tell people that if you want to take great photos, use a proper camera. The problem with that statement now is that smartphones take great photos too. The difference will then boil down to the photographer's skills. OD6 appears to have great management and the projects are looking to be bulky and substantial. Do Your Own Research and check out this Rooster Talk . Check out the previous Coffee with Samso on REE: OD6 Metals Limited (ASX: OD6) - The Rare Earth Elements Story. Mt Ridley Mines Limited (ASX: MRD) - Why Invest in this REE company? Northern Minerals Limited on the latest on the Rare Earth Market Northern Minerals Ltd (ASX: NTU) and Rare Earths Industry Chapters: 00:00 Start 00:20 Introduction 01:07 Brett updates on the announcement. 01:54 What do your grades mean? 02:56 How does the basement topography affect your project? 03:55 All about the reservoir. 04:18 Has the strike of the project recently been confirmed? 05:19 30km strike is a large prospect. 05:43 Magnetic REO and Critical REO. 07:42 What has OD6 learnt from the recent drilling? 09:19 Is there research on the other REE members? 10:21 Have any "Spanners' or Hurdles" come out of the recent drilling? 11:26 News Flow. 14:05 Is OD6 more attractive now? 14:56 Volume is Important in REE. 15:38 Conclusion PODCAST This is a good time to download the first Ebook (FREE) from Samso as it is all about VMS (Volcanogenic Massive Sulfides). About Brett Hazelden Managing Director & Chief Executive Officer BSc, MBA, AICD Mr Hazelden is a Metallurgist who brings over 25 years’ experience serving the Australasian resources industry. His experience includes being a Company Director, Managing Director, CEO, Project Manager, Study Manager and originally a Metallurgist in an operating environment. Mr Hazelden brings a diverse range of capabilities from exploration, project development studies, research and development, project approvals, offtake agreements, equity raising, debt financing plus mergers and acquisitions. He has worked across multiple commodities including potash, gold, copper, zinc, lead, iron ore, tungsten, salt, diamond and now rare earth sectors. Most recently, Brett was the Co-founder and Managing Director/CEO of Kalium Lakes (ASX:KLL). Mr Hazelden was appointed as a Director on 1 April 2022. Mr Hazelden is not considered to be an independent Director as he is engaged in an executive capacity. About OD6 Metals Limited (ASX: OD6) OD6 Metals is an Australian public company with a purpose to pursue exploration and development opportunities within the resources sector. The Company holds a 100% interest in the Splinter Rock Project and Grass Patch Project which are located in the Goldfields-Esperance region of Western Australia, about 30 to150km north of the major port and town of Esperance. The projects are considered prospective for clay rare earth elements (REEs), with the Company’s aim of delineating and defining economic resources and reserves to develop into a future revenue generating operational mine. Clay REE deposits are currently economically extracted in China who is the dominant world producer. Rare earth elements (in particular, Nd and Pr), are becoming increasingly important in the global economy, with uses including advanced electronics, permanent magnets in electric motors and electricity generators (such as wind turbines) and consumer electronics. Why OD6 Metals? Emerging REE major new clay province in WA, potentially competitive with China’s deposits. Dominant land position with over 4,800 km2. Located close to Esperance port, sealed roads and renewable energy infrastructure. Extensive Clay REE in 10 to 37m thick blanket over very large areas. Wide intersections of TREO with excellent Nd-Pr concentrations of 20%. Multiple targets for potentially globally significant REE resources. Excellent regional metallurgy. Clay REEs are typically low capital intensity and high margin product. Significant supply shortage forecast due to rapid demand increase for renewable power, electric vehicles and electronics. Critical metals being prioritised by Governments around the world (need for diversity of supply away from China). Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer . About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au . Remember to Subscribe to our YouTube Channel , Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google .
- The Nifty Copper Mine: A Forgotten Gem in the Paterson Range
(source: Photo by Thom Milkovic on Unsplash ) In 2009, I looked at the Paterson range as a remote place that was full of opportunities for the brave. Logistics was challenging and only a well-funded company would make any headway. One of these opportunities, the Nifty Copper Mine, has now fallen into the hands of a junior player. By all accounts, it appears to be a junior company with a competent management group. If you look at the group, they are operators and this is an operational project. Barry Cahill , the Managing Director of Cyprium Metals Limited (ASX: CYM ) , who had a Coffee with Samso with me last month clearly stated that Cyprium Metals will be producing copper plate in 2022. A New Copper Producer - An Overnight Success Now if production does take shape in 2022, I think the current valuation for the company would look cheap now. Things are Already Happening in the Paterson Range Although there was the discovery of Telfer (Au, Cu, Ag) , Kintyre (U) , Woodie Woodie (Mn) and Nifty (Cu) in the 1980s, there have not been too many highlights recently. There has been more activities, but I still would not call it a busy highway. What has been happening in recent times makes this region more accessible and known to the general ASX (Australian Stock Exchange) investor. Today we are looking at the Antipa Minerals and Rio Tinto JV at Citadel, Antipa and IGO Limited with the Paterson Province JV, Greatland Gold Havieron JV with Newcrest , and the discovery of O'Callaghan's Tungsten project by Newcrest (Mineral Resource in 2009). Then there is the Rio Tinto Winu Copper discovery. The Copper Story The sign of a Copper resurgence is now plainly in sight as the Copper metal price is now at over USD4 mark. With the rise of the EV revolution, there is an increasing interest in Copper price, and hence the Nifty Copper mine is going to be of greater interest. The Nifty Copper Deposit The deposit was discovered in the 1980s by WMC Resources Limited. It is 450km east of Port Headland, Western Australia (See Figure 2). The deposit is currently owned by Cyprium Metals Limited . Figure 2: Simplified geologic map of the Proterozoic Paterson orogen, showing the distribution of major stratigraphic units and mineralized occurrences (modified from Hickman and Clarke, 1994). Inset map shows the location of the Paterson orogen in Western Australia. [1] History [2] 1981: Oxide copper was first discovered at Nifty by WMC Limited. 1983: Drilling of the oxide resource led to the discovery of the deep sulphide resource. 1993: WMC commenced an open pit, heap leach, SX-EW operation on the relatively high-grade part of the oxide mineralisation. 1998: Nifty was purchased by Straits Resources Limited with subsequent expansion of the heap leach operation. 2003: Nifty and the surrounding exploration tenure was purchased by Aditya Birla Minerals. 2004: Underground development commenced exploiting the sulphide resource via a decline from the open pit. Construction of the sulphide concentrator commenced in October 2004. 2006: First copper concentrate produced. Open pit mining operations ceased. 2009: Heap leach operations ceased. 2016: Metals X Limited acquired Nifty through takeover of Aditya Birla Minerals Limited. 2021: Cyprium Metals Limited acquires Nifty. Geology [2] Nifty is hosted within the ~850 to 824 Ma Yeneena Supergroup of the >24,000 km2 Neoproterozoic Yeneena Basin, which in turn comprises part of the Paterson Orogen. The Yeneena Supergroup is subdivided into the Throssell Range and succeeding Lamil Groups. The Throssell Range Group is composed of the Coolbro and overlying Broadhurst Formations with the latter hosting both the Nifty and Maroochydore deposits. The deposit is hosted by the upper carbonaceous shale to pelitic schist unit of the Broadhurst Formation, which in the deposit area has been divided into four informal members: the Footwall Beds, the Nifty Carbonate Member, the Pyritic Marker and the Hangingwall Beds. The deposit comprises supergene oxide, sulphide and transitional mineralisation above stratabound hypogene sulphide mineralisation hosted by carbonaceous and dolomitic shales, principally within the Nifty Carbonate Member. Hypogene mineralisation is localised in the north-eastern limb and keel of the 15°SE plunging Nifty Syncline and extends for >1,300 m down plunge. Mineralisation is simple, with the only major sulphide minerals being chalcopyrite and pyrite, with minor sphalerite and galena. What's the big deal with Nifty? What makes me so interested in the Nifty project is the lack of exploration activities for at least a couple of decades. Ideas and technical advances over the last two decades alone would make this place attractive. Add the rising metal price to the mix and you are going to get some excitement in the coming years. The gold exploration and recently the nickel exploration success have come from renewed interest in the sector. With a greater injection of capital into an industry starved of real capital for the last two to three decades, numerous success stories have been appearing. The discoveries over the last 12 months can be said to have been discoveries waiting to happen. All it needed was the added capital. For many geologists, the discoveries were going to happen as soon as capital was added to the mix. The ground were always prospective but was just never explored mainly because of a lack of funding over the years. In Australia, the number of copper producers, especially in the smallcap to midcap level of companies are very rare to nil. The production of copper in Australia is small compared to the rest of the word as you can see in Figure 2. With renewed interest in the metal and the capital market being favourable to fund projects, this could make something like Nifty very valuable. Figure 4: Metals X ASX announcement: 10 March 2020, Nifty Copper Mine Resource Update figure is proportional production over time; data synthesized from U.S. Bureau of Mines (1932–1993), Schmitz (1979), U.S. Geological Survey (1994–2014, 1996– 2017), British Geological Survey (2001–2015), and The Mineral Industry: Its Statistics, Technology, and Trade (published by McGraw-Hill, 1982–1940). Note: data prior to ~1850 is clearly incomplete. [3] Cyprium Metals Limited raised AUD90M to fund for the AUD60M ($24M cash and $36M in Convertible Notes) purchase price with the path to Copper production in 2022. There is a lot of talk about copper projects, but in Australia, there are not many that compare to Nifty in terms of potential time to production. There is a reported oxide and sulphide Mineral Resource of over 650,000 tonnes of copper (Figure 4). This is outside the 714,908 tonnes of copper metal that has been produced since its first production in1993. What is exciting is that the existing resource base remains open both up and down plunge of known mineralisation. With this in mind, the technical studies and in-fill drilling of existing open pit resource will begin soon. The new owners are optimistic in reopening the open pit strategy. If the new owners had said that their strategy is to look at the underground opportunities, I would be not writing this Insight. The open-pit strategy with the current copper metal price should work. However, this is something for the mining engineers to comment. How and where are they going to start will be the next topic of Coffee with Samso with Barry Cahill. As you can see in Figure 5, the existing pit is in place, so I figure we are going to be talking about pit extension or adjacent resources that are not related to the existing pit. Will the New Nifty be any better than the Old Nifty? I have long believed that investing in an old project with legacy issues is merely looking for a disaster to be proven. However, the resource resurgence over the last twelve months has made me think differently. This cycle may be long enough and the project may be robust enough to work. Well, for now, it has made me rethink my thoughts as I see two factors that "seem" to make this cycle different. The first is that the capital markets are now looking for rewards and the amount of funding already in the market is almost creating a self-fulfilling situation. The monetary stimulus that we are seeing and hearing all over this planet will drive economies to go into overdrive. We have all learned that a rising Dr Copper is a sign of economic recovery. It looks like it is happening as seen in Figure 1. The second factor is that the EV Revolution will drive innovation that always leads to an aberration of how things used to work. The influx of capital into industry will make our version of an "Industrial Revolution". Remember, Copper plays a vital role in electronics, vehicles, telecommunications, electrical power generation and distribution systems, domestic and industrial piping, chemicals, currency, and general infrastructure. Can the Resource Increase? I found a paper that had some very interesting facts on initial resource/reserves and actual resources/reserves while mining. According to the paper [3], there is a common trend of growing cumulative production over time (Table 1), showing good conversion of resources to reserves and then mine production (e.g., Mount Isa, Falconbridge). Some sites show a relatively constant total endowment over time (e.g., Alumbrera, Lumwana, Sepon), although many show an increasing endowment over time, with some sites showing major increases (e.g., Olympic Dam, Collahuasi, Ok Tedi, Savannah, Antamina). Table 1: Selected Historical Reserve / Resource Estimates vs. Code-Compliant Estimates (year in brackets) [3] Figure 6 shows a series of graphs that show these relationships. Could this be something that is going to be happening with Nifty? I remember that when Silverlake Resources Limited (ASX: SLR) started their mining in Daisy Milano, many had thought that the LOM (Life Of Mine) would be short. That was in 2008 and they are still mining very well today in 2021. "These positive trends reflect the fact that mineable resources commonly grow for mining projects, demonstrating that the initial reserves and resources are sufficient for justifying mine development but that the geology and/or other factors are able to deliver an expansion of endowment over time. The shorter-term variations in resources and reserves can often be due to a period of lower market prices (e.g., Alumbrera in 2015, Bingham Canyon and Ok Tedi over 2008–2009)" [3] Figure 6: Examples of cumulative mine production (red) plus reserves (yellow) and additional resources (blue) over time for selected mining projects (note the additive nature and varying scales and time periods; all values are Mt Cu; other resources various colours; all data from government yearbooks, company reporting, technical and academic reports). Abbreviations: IOCG = iron oxide copper-gold, VMS = volcanogenic massive sulfide. [3] Figure 6 (cont): Examples of cumulative mine production (red) plus reserves (yellow) and additional resources (blue) over time for selected mining projects (note the additive nature and varying scales and time periods; all values are Mt Cu; other resources various colours; all data from government yearbooks, company reporting, technical and academic reports). Abbreviations: IOCG = iron oxide copper-gold, VMS = volcanogenic massive sulfide. [3] Figure 6 (cont): Examples of cumulative mine production (red) plus reserves (yellow) and additional resources (blue) over time for selected mining projects (note the additive nature and varying scales and time periods; all values are Mt Cu; other resources various colours; all data from government yearbooks, company reporting, technical and academic reports). Abbreviations: IOCG = iron oxide copper-gold, VMS = volcanogenic massive sulfide. [3] What I remember about Olympic Dam is that it started as a Copper mine and ended up being the largest Uranium in the world. If you look at this from a geological and statistical point of view, why would a sizeable mineralisation event that large, assuming there are no known structural events that closed the mineralisation, stop? Long life mines are not uncommon. If the metal price is right and/or management can reduce operational costs, many mines have lasted a long time. Rio Tinto Limited (ASX: RIO) and BHP Limited (ASX: BHP) are mining and shipping their iron ore at around the AUD$20/tonne ( in that range anyway). Newcrest has its Cadia gold mine at negative cost. The combination of copper and gold has meant that the gold is produced at AUD$7.83. What Does This Mean For Investors? For investors, and existing shareholders, I think the market needs to see the ducks lining up. Obviously, management needs to muster the ducks together and start making it happen. At this point, I don't have any reason to doubt that this will not be happening. For me, looking at the company from an investing strategy, taking positions now may not be a bad idea. The way I see this is that a potential copper producer in 2020 with a market capitalisation of AUD25.62M (09/03/2021) looks cheap to me :-). For those that have read till this sentence, a serious amount of DYOR (Do Your Own Research) may not be a bad idea. As I always say, DYOR is a good word, FOMO (Fear of Missing Out) is not a good word :-) Currently, I do not hold any shares in CYM. Gratitude Patreon : This is a platform for supporting creators like me. Please consider helping out and pick your reward here: If you would spend some time and support Samso Insights, I would be totally appreciative. So please feel free to pick a reward, or simply chip in any amount that tickles your fancy :-) https://patreon.com/samsomedia Reference BRUCE R. ANDERSON,†,* J. BRUCE GEMMELL, AND RON F. BERRY, The Geology of the Nifty Copper Deposit, Throssell Group, Western Australia: Implications for Ore Genesis: Economic Geology, Vol 96, 2001, pp 1535-1565 Metal X Limited website. Gavin M. Mudd1,† and Simon M. Jowitt, Growing Global Copper Resources, Reserves and Production: Discovery Is Not the Only Control on Supply: Economic Geology, Vol 113, No. 6, pp 1235-1267 Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow If you find this article informative and useful, please help me share the information. I try to write topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au . Download our eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook . Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au . Remember to Subscribe to our YouTube Channel , Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google . #copper #samsoinsights #mining
- Coffee with Samso - Insights: An Insight into a Mineral Explorationist, a Practical Eternal Optimist.
Coffee with Samso Episode 198 brings a new perspective to the Coffee with Samso conversations. In this first episode of our Insights segment, we delve into the thoughts of Allan Kelly, Executive Chair of Miramar Resources Limited (ASX: M2R). The life of an executive in the small mineral exploration is busy and stressful. Those that are out there trying to make an economic discovery are constantly under the spotlight. In my five years of establishing the Coffee with Samso series, Allan Kelly strikes me as a true mineral explorationist. To those that have followed the Samso journey and have watched Allan share his projects in Miramar Resources Limited, you will know that he speaks with great sincerity. Our conversations on the Samso platform ( see below for previous conversations ) are always long form and it has offered a great insight into the reasons why Allan is so passionate about the potential discovery. When you watch and listen to Allan talking about the projects, there is no doubt that his enthusiastic nature wants viewers to know what he is doing and why he is spending money on the project. Allan Kelly's Insights In this first episode of Coffee with Samso - Insights, we learn about Allan Kelly, the person. In an industry that takes no prisoners, it is hard for investors to know who is actually really trying to make a discovery. It is difficult to know if the person who is telling you the story is actually telling the truth and the real facts. I have been an investor in this industry since my university days in 1987 and have been a willing participant in the mineral industry since 1992. Like everyone who is working in the mineral exploration industry, we are all trying to make that economic discovery. The rate of success is not very high and as Allan mentioned in the first minute of the introduction to this episode, that rate of success is very low. So what makes us continue to work in mineral exploration? Why are the likes of myself and Allan Kelly continuing to be in the limelight and the brunt of all criticism? The questions that are being asked is why the Coffee with Samso Insights is beginning its journey. Get yourself a coffee or your favourite beverage and watch or listen and get a better understanding of Allan Kelly here: Chapters: 00:00: Introduction 05:13 How did Allan Kelly get into this industry? 09:04 Western Mining Interview 11:40 Work with Western Mining 13:18 Is the Development of Geological Skills still a common trait? 13:44 Western Mining was unique for the time. 15:27 What traits do you need to stay in the mineral exploration industry? 17:05 The Keys to be a Mineral Explorationist. 17:35 Don't be afraid to say you don't know something. 18:22 What is the core asset required to do well in the industry? 19:03 Need to have Endurance, the "Non-Technical Asset" - "Non-Geological Assets" 21:18 The Andy Well Story 23:29 The many reasons why a project may not be discovered. 24:30 How do you decide and manage which projects to leave behind? 29:56 The lack of Mineral Exploration and Mineral Discovery. 32:24 Does criticism ever affect you? 34:26 The Gidgee Project and The Paleochannel Problem. 35:11 Is it frustrating to be misunderstood about the Gidgee Project? 37:30 How do investors understand exploration results? 41:23 How to understand lack of mineralisation strike length. 42:31 What are Allan's thoughts on the Mineral Exploration sector? 43:49 Lack of patience from brokers. 45:03 Reasons why Allan is optimistic with Nickel and the Bangemall project. 50:57 Allan's last words. 51:26 Conclusions Previous Conversations with Allan Kelly Mineral Exploration - Creating Value Organically Miramar Resources Limited (ASX: M2R) - Mineral Exploration Success - Discovery at Marylebone. Miramar Resources Limited (ASX: M2R) Discovery at Gidji, Bangemall and Whaleshark Miramar Resources Limited (ASX: M2R) Discovery at Gidji, Glandore and Whaleshark. Miramar Resources Limited (ASX: M2R) - Surprises in the Bangemall: Carbonatites and IOCG Project Updates at Miramar Resources Limited (ASX: M2R) PODCAST About Allan Kelly Executive Chair of Miramar Resources Limited Mr Kelly is a geologist and manager with over 30 years’ experience in mineral exploration, development and production throughout Australia and the Americas. Mr Kelly graduated in 1994 with a Bachelor of Science (with honours) in Applied Geology from Curtin University. He has been involved in targeting early stage exploration of gold, nickel and copper deposits in Australia, Alaska and Canada and has previously held senior exploration positions within Western Mining Corporation and Avoca Resources Limited. He has also served as an Executive Director of Riversgold Ltd and a non-executive director of Alloy Resources Ltd. In 2009, Mr Kelly founded Doray Minerals Limited, which listed on the ASX in early 2010. Under Mr Kelly’s management, Doray discovered the high-grade Wilber Lode gold deposit within the Andy Well Project in the Murchison Region of Western Australia, which moved from discovery to production within three and a half years, and subsequently funded, constructed and commissioned the Deflector Gold-Copper Project within 14 months of completing the takeover of Mutiny Gold Limited in 2014. In 2014, Mr Kelly was awarded the Association of Mining and Exploration Companies (AMEC) ‘Prospector Award’, along with Doray’s co-founder Mr Heath Hellewell, for the discovery of the Wilber Lode and Andy Well gold deposits. Mr Kelly is a Fellow and Former Councillor of the Association of Applied Geochemistry (AAG), a Member of the Australian Institute of Geoscientists (AIG) and a Member of the of the Institute of Brewing and Distilling (IBD). Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share to Grow: Your Bonus Samso has just released an eBook: How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook . If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au . About Samso Samso ASX stories are also through the Brilliant-Online channels. Subscribe to Brilliant Investments.
- Venture Minerals Limited (ASX: VMS) - A Rare Earth Story with a Difference.
Coffee with Samso Episode 163 is all about Rare Earths. Australian Mining The mass discoveries of REE recently is testament to the fact that Rare Earths are not very Rare. Most retail investors are not too concerned about the facts and the viability of REE projects as they jostle for trading opportunities. Many of these investors are only interested in the strategy of "selling dreams". One cannot begrudge this trading strategy. Trading to sell dreams has made a lot of investors' money. I don't work well with that system. I always end up with the short straw. I take my advice from a friend and mentor Geoffrey Donohue who taught me not to flow with the sentiment of the market but DYOR. Like all the great investors that we hear about, they are all into real facts and great management. Like all businesses, there are some that will be around for a long time and there are those that dance on tables now, but are never in the spotlight when the tide subsides. The best of these quotes are those from Warren Buffet. When I look at Venture Minerals, with the recent announcements, the first thing that came to my mind was whether this could be the catalyst that Mt Lindsay needs to get going. A credit to the mining cost that would give the tin and tungsten the boost for profitability. One of the best words used in the mining process is credits. Mining of the REE will be at the same stage as any other proposal to mine Tin and Tungsten so the excitement will be how much of the REE will contribute to the bottom line. In many other REE projects, they will need volume and logistics. Venture will be adding the REEs to an existing mining schedule which will likely create credits to any spreadsheet. When you look at the Cadia Gold Copper Mining Project, the most profitable gold mine in Australia, its All In Sustaining Cost (ALSC) is negative. In January 2021, Newcrest announced a record AISC of negative US$6 ($7.83) per ounce of gold due to higher copper prices and sales volumes, along with the timing of sustaining capital expenditure (Australian Mining). Cadia produces gold doré from a gravity circuit and gold-rich copper concentrates from a flotation circuit at Cadia. The gold dore is then refined at the Perth Mint and concentrates are piped to a dewatering plant at nearby Blayney and sent by rail to Port Kembla in New South Wales for export. The Molybdenum Plant is expected to deliver an additional revenue stream in the form of a molybdenum concentrate which will be a by-product credit to AISC per ounce. ---- Newcrest Website This is one of the most productive mines in Australia but it took a long time from discovery to production. At one stage, there was talk that this project was not going to get the tick of approval. Cadia was a closed mine since 1929 and only rejuvenated in 1992. Production as we know it did not happen immediately. Hence, when I hear all the negative narratives about Venture Minerals, I would like to remind viewers that all the great projects in the world today did not happen overnight. The tin and tungsten strategy has not disappeared. The resurgence of the REE sector is mainly due to the recent changing geopolitical positions. The jostling for the biggest bully in international politics is just beginning. This will impact Venture immensely as tin, tungsten and REE are key players in the critical and essential sectors. I sense that the resurgence of Tungsten may not be far away. Tungsten, in economical amounts, are indeed rare. The importance on the military side of things will make Tungsten take the spotlight. Coupled with REE and tin, I think Venture is definitely worth putting on your watch screen and DYOR. Take time and listen to Andrew Radonjic, Managing Director of Venture Minerals talk about the latest discoveries of REE in their projects. Chapters 00:00 Start 00:20 Introduction 00:55 News about Rare Earths prospects. 02:12 What are the learnings from the discoveries? 05:27 How do you want investors to see Venture Minerals? 11:12 A good geology setting for carbonatites? 13:54 How do you see the Rare Earths market going forward? 17:38 Updates on other projects - Kulin and Thor. 23:02 Are we in the phase of new discoveries? 27:22 News flow. 30:48 Why Venture Minerals? 33:35 Conclusion PODCAST About Andrew Radonjic Qualifications: BAppSc (Mining Geology), MSc (Mineral Economics), MAusIMM Mr. Radonjic is a geologist and mineral economist with over 30 years of experience in mining and exploration, with an initial focus on gold and nickel in the Eastern Goldfields of Western Australia. Andrew has fulfilled a variety of senior roles which gave rise to three gold discoveries, totalling in excess of 3 million ounces in resources and resulting in 1.5 million ounces being produced. Since 2006 Andrew has been an executive director with Venture Minerals, which he has been co-leading during the discovery of the Mount Lindsay Tin-Tungsten deposit. Andrew is a founder and recently was a director of Blackstone Minerals Limited (ASX: BSX) . About Venture Minerals Limited Venture Minerals Ltd (ASX: VMS) has refocused its approach to developing the Mount Lindsay Tin-Tungsten Project in northwest Tasmania, already one of the world's largest undeveloped Tin-Tungsten deposits. With the recognition of Tin as a fundamental metal to the battery revolution and Tungsten being a critical mineral, Venture has commenced an Underground Feasibility Study on Mount Lindsay that will leverage off the previously completed open-pit feasibility work. At the neighbouring Riley Iron Ore Mine , the mine is prepared for a quick restart should the market conditions become favourable. In Western Australia, Chalice Mining (ASX: CHN) recently committed to the second stage of the JV which requires a further $2.5 million of expenditure over the next two years to earn a further 19% interest (for a total of 70%) in Venture’s South West Project. At the Company’s Golden Grove North Project , downhole EM has delineated a large conductor under High Grade Zinc-Copper-Gold drill intersections within the 5km long Volcanogenic Massive Sulfide Target Zone, along strike to the world class Golden Grove Zinc-Copper-Gold Mine. Venture has a significant Nickel-Copper-PGE landholding at Kulin with two highly prospective 20-kilometre long Ni-Cu-PGE targets within the Kulin Project. Share to Grow: Your Bonus eBook: How to add value to your Share Portfolio This is a good time to download our Free Ebook as it is all about VMS (Volcanogenic Massive Sulfides). The eBook is about lessons on geological models sought by mining companies. It gives insight and an understanding of which portfolios are better - and potentially more lucrative investments. Click here to download this eBook . Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. About Samso Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. 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- Looking for Diamonds - Are they still worth looking for?
Investors all know about the value of diamonds and how much these elusive stones cost or are worth. In reality, that value is the perceived value of diamonds. I would wager that most of those investors would not realise that it is a controlled commodity, and hence the price is effectively artificial. What is interesting is also that it is one of the most challenging and most expensive product to go looking for, even with today’s technology. The last hurrah for diamonds in Australia would have to be in the early 1990s, and it is rare as hen’s teeth since that period of excitement. I had the privilege to have worked during that time and with a company that had the budget to do some real stuff, Ashton Mining Limited (taken over by Rio Tinto in the early 2000s). There is no doubt that there is no shortage of these stones, especially the white ones (hence my fascination with coloured gemstones). However, the fact is that it is not that easy to find them and then prove it up for mining makes these stones somewhat “rare”. The diamond formation process is one that can be a tease. Diamonds are chemically unstable in normal conditions as the metastable state is in the form of graphite. It is for this reason that diamonds need to be emplaced on the surface quickly (In a geological sense). Otherwise, it will change to a “non-diamond” form. Hence, the quickest way for this process to happen is to get delivered by a volcanic system that can allow magma (liquid-like rock material from deep within our Earth mantle) to rise to the surface. What are the source rocks for Diamonds? To date, there are two types of rocks where you can find diamonds. They are called Kimberlites and Lamproites. There other hybrids but they are typically some combinations of Kimberlitic and Lamproitic. According to old faithful Wikipedia, Kimberlite is an igneous rock, which sometimes contains diamonds. It is named after the town of Kimberley in South Africa, where the discovery of an 83.5-carat (16.70 g) diamond called the Star of South Africa in 1869 spawned a diamond rush and the digging of the open-pit mine called the Big Hole. Previously, the term kimberlite has been applied to olivine lamproites as Kimberlite II, however this has been in error. Kimberlite occurs in the Earth’s crust in vertical structures known as kimberlite pipes, as well as igneous dykes. Kimberlite also occurs as horizontal sills.[2] Kimberlite pipes are the most important source of mined diamonds today. The consensus on kimberlites is that they are formed deep within the mantle. Formation occurs at depths between 150 and 450 kilometres (93 and 280 mi), potentially from anomalously enriched exotic mantle compositions, and they are erupted rapidly and violently, often with considerable carbon dioxide[3] and other volatile components. It is this depth of melting and generation that makes kimberlites prone to hosting diamond xenocrysts. Despite its relative rarity, kimberlite has attracted attention because it serves as a carrier of diamonds and garnet peridotite mantle xenoliths to the Earth’s surface. Its probable derivation from depths greater than any other igneous rock type, and the extreme magma composition that it reflects in terms of low silica content and high levels of incompatible trace-element enrichment, make an understanding of kimberlite petrogenesis important. In this regard, the study of kimberlite has the potential to provide information about the composition of the deep mantle and melting processes occurring at or near the interface between the cratonic continental lithosphere and the underlying convecting asthenospheric mantle. Lamproite is an ultrapotassic mantle-derived volcanic or subvolcanic rock. It has low CaO, Al2O3, Na2O, high K2O/Al2O3, a relatively high MgO content and extreme enrichment in incompatible elements. Lamproites are geographically widespread yet are volumetrically insignificant. Unlike kimberlites, which are found exclusively in Archaean cratons, lamproites are found in terrains of varying age, ranging from Archaean in Western Australia, to Palaeozoic and Mesozoic in southern Spain. They also vary widely in age, from Proterozoic to Pleistocene, the youngest known example being 56,000 ± 5,000 years old. Lamproite volcanology is varied, with both diatreme styles and cinder cone or cone edifices known. The economic significance of lamproite became known with the discovery of Ellendale E4 and E9 lamproite pipes and better known 1979 discovery of the Argyle diamond pipe in Western Australia. This discovery led to the intense study and re-evaluation of other known lamproite occurrences worldwide; previously only kimberlite pipes were considered economically viable sources of diamonds. The Argyle diamond mine remains the only economically viable source of lamproite diamonds. This deposit differs markedly by having a high content of diamonds but low quality of most stones. Research at Argyle diamond have shown that most stones are of E-type; they originate from eclogite source rocks and were formed under high temperature ~1,400 °C (2,600 °F). The Argyle diamond mine is the main source of rare pink diamonds. Olivine lamproite pyroclastic rocks and dikes are sometimes hosts for diamonds. The diamonds occur as xenocrysts that have been carried to the surface or to shallow depths by the lamproite diapiric intrusions. The diamonds of Crater of Diamonds State Park near Murfreesboro, Arkansas are found in a lamproite host. Do all Kimberlites and Lamproites have Diamonds? Not all Kimberlites or Lamproites are diamond-bearing. There are considerable complexities that define whether the source rock has diamonds or not but let’s keep it simple. Diamonds form in a specific region in the Earth’s mantle. The temperature and pressure levels are one of the significant participants, and hence when the magma passes or originates from this region, it will sample diamonds. The endowment will depend on the rate and how mature the magma is when it reaches the surface. The schematic diagram below shows some variants of factors that affect whether the source rock contains diamonds. There are many forms of Kimberlites, and I have included this article which I think is a good description of what I am talking about, Diamonds_Kimberlites and Lamproites . What is apparent is that they do form in clusters, and when they are of the same age, the presence of one diamond-bearing pipe will most likely mean that there are more to be found. Similarly, the presence of kimberlite or lamproite from that geochemistry will have diamonds. However, this theory is not an exact science, which is why when you find microdiamonds or a macro-diamond in exploration, you excited. This discovery means that the potential kimberlitic or lamproitic field is carrying that kind of chemistry. In term of exploration, we get excited if we find indicator minerals from that region of chemistry, but if you find diamonds, that is as close to a sure thing as you can get for diamond exploration. In reality, to find that pipe bearing the diamonds is not even close to a sure thing as in most cases, you have to deal with drilling all the potential pipes and the likelihood the pipe is covered or weathered. Diamond exploration is one of the hardest to achieve success, in my opinion. I would go as far as to say that it is the hardest in the space that I have been in over my years of exploration. The rate of success is pretty low, and it’s expensive. Projects take a long time because the risk/reward ratio is typically low. However, the payoff is significant when you do find it. In my previous Insight, The Webb Project: GeoCrystal Limited – The Next Diamond Story and Yellow Diamonds – A Gap in the Diamond market , I have made several mentions about this particular issue of high expenditure and lack of success in this sector. Is there anyone looking for Diamonds? Since the 1990s, there has not been any real exploration in Australia. However, it appears that the TSX (Toronto Stock exchange) companies have been active and of they are probably the only group that can be said to be active diamond explorers. The amount of activity is probably due to the well endowed North-West Territories of Canada. It is home to the massive Diavik Mine (8 million carats annually) and the Ekati Mine (7.5 million carats). Both these mines are still in production. In researching this Insight, I am amazed to find that there is a long list of diamond explorers in the TSX (Toronto Stock Exchange). There is a long list of diamond producers as well. I must admit that my knowledge of this sector is decades behind, and I put this to the fact that there is no diamond action here in Australia. The only company that comes to mind is Lucapa Diamond Company Limited (ASX: LOM) and Gibb River Diamonds Limited (ASX: GIB) . The diagram below shows gem-quality diamond production up to 2018. As someone had pointed out in Linkedln, Australia is missing from that list :-). I agree that this is inaccurate and I am not sure why they have left Australia out. Maybe they are talking about gem-quality stones. The issues with this sector are that funding is challenging. I would think that the Canadians understand this sector better with so many producing mines. However, I do hear that the explorers are finding it hard to source funds as well. I know that Gibb River is currently looking for funds, but I am not sure about the progress. I would think that it is not going to be easy with the state of the diamond market. Lucapa is one that is mining and admittedly, I have not followed it other than reading the news — looking at their share price, which is at an all-time low of AUD$0.13. What this means is anyone’s guess. For a miner, it is always hard to make a decision based on their share price. I am suspecting that this is a reflection of the market price of the stones at this moment. There is one Canadian company that is doing lots of work in Australia, but Australian doesn’t get a look at is Lithoquest Diamond Inc (TSX-V: LDI) . They have an excellent project up in the Kimberley region of Western Australia. To date, they have found a Kimberlite field and drilled one or two of them. One microdiamond has been found although it is separate to the known Kimberlite field. For a diamond tragic like me, this is exciting as this area has not been worked on previously and is considered the ideal place to locate these pipes. This story reminds me of the Merlin Diamond Project that I worked on with Ashton Mining in the 1990s. The Merlin project is one of the best diamond projects not to have been developed. Merlin is a low hanging fruit in regards to the stage of a diamond project. What I like about Lithoquest is that they have discovered something different. If the indicator minerals are pointing to the source rock taping that elusive diamond stability field, then we are indeed looking at total different potential. Remember, the potential of the diamond-bearing source rock is all about the ability to tap that region where diamonds are stable and are “formed”. The excitement is in the discovery of gem-quality diamonds from documented stream samples throughout the area, including a 1.73-carat diamond and three micro-diamonds found in a 10kg sample in 2018. The diagram above is highlighting the potential of what may be at play. Defining a pipe could be like trying to find the core of a porphyry system, finding the Low pyritic shell, the pyrite shell, the distal…etc. The defining of the pipe architecture is expensive but essential to uncover the motherlode of the pipe. The other part of Lithoquest that I like is that I hear (not confirmed) that the Seppelt Diamond project is now within their project area. I don’t think this was part of the equation when I made my Coffee with Samso with Bruce Counts . I must remember to bring this up the next time I speak to him. Seppelt was last worked by Striker Resources (morphed into Myanmar Metals Limited, I think) in the early 2000s. Here is an excerpt from an article from The Age in October 2002, A 183-tonne bulk sample of Striker’s Seppelt 2 kimberlite pipe in the northern Kimberley yielded 412 carats of commercial-size diamonds. Striker said the indicated average grade of 2.25 carats per tonne was on face value, a world-class grade. Normally, grades at operating diamond mines are measured in carats per hundred tonnes. The exception is the Rio Tinto-owned Argyle mine, which grades 5-10 carats a tonne, albeit at a low average per carat value. Striker chairman and industry stalwart Ewen Tyler said the results were the best since the discovery of Argyle 25 years ago. “The most important aspect at this stage is the number of large diamonds in the sample, which is a very positive pointer for the value of what we are seeing at Seppelt,” he said. “Out of 412 carats from this 183-tonne sample, we have four diamonds greater than two carats, 21 greater than one carat and many greater than half a carat. The largest diamond to date weighed in just under three carats,” Mr Tyler said. There is no doubt that Seppelt is diamond-bearing so if Lithoquest does have this, I think we are looking at something special. The third diamond activity in Australia belongs to a private company called GeoCrystal Limited. The Webb Project which I wrote about The Webb Project: GeoCrystal Limited – The Next Diamond Story has a very interesting story. This will be the focus of the first Coffee with Samso for 2020. This should be published in the coming week. Canadian listed companies that are exploring for diamonds. (source: Bruce Counts CEO of Lithoquest Diamond Inc. (TSX-V: LDI) ) Arctic Star Exploration (TSX-V: ADD) Head Office – Vancouver Shares Outstanding – 25.9m Recent Price – C$ 0.065 CEO – Patrick Power Website – https://www.arcticstar.ca/ Arctic Star has been exploring for diamonds for more than a decade. Currently, its flagship project is the Timantti Project in Finland where it has discovered several diamond-bearing kimberlite dykes and pipes(?). The company also has projects in the Lac de Gras region of the Northwest Territories near the Ekati and Diavik diamond mines are located as well as remote parts of the Nunavut Territory. Key technical people include Buddy Doyle (Diavik Diamond Mine discovery) and Roy Spencer (Gribb Diamond Mine discovery) North Arrow Minerals (TSX-V: NAR) Head Office – Vancouver, British Columbia Shares Outstanding – 110.7m Recent Price – C$ 0.045 CEO – Ken Armstrong Website – http://www.northarrowminerals.com/ North Arrow has been actively exploring for diamonds for several years and is arguably the most successful Canadian explorer over the last decade. The company has discovered two new diamond-bearing kimberlite fields, Pikoo in Saskatchewan and Mel in the Nunavut Territory. North Arrow’s current flagship project is Naujaat located in the Nunavut Territory. This project hosts several large diamond-bearing kimberlite pipes (originally discovered by BHP). The pipes have a low-value population of white diamonds; however, there is a population of orange-yellow diamonds that may change the economics. A large bulk sample is required to confirm the grade, value and size-frequency distribution of the coloured stones. Key technical people include Ken Armstrong (Diavik discovery) and Eira Thomas (Diavik discovery and current CEO of Lucara) Olivut Resources (TSX-V: OLV) Head Office – Edson, Alberta Shares Outstanding – 57.8m Recent Price – C$ 0.05 CEO – Leni Keough Website – https://olivut.ca/ Olivut has been an on-and-off diamond explorer for several years. The company’s flagship project is the HOAM project in the western Northwest Territories. HOAM hosts a number of weakly diamondiferous kimberlites. The company recently optioned and drilled a diamond project near Great Bear Lake in the NWT. Results of that drill program are pending. Key technical people include Leni Keough (Diavik discovery), Dr Malcolm McCallum (Sloan discovery) and Martin St. Pierre (Ekati discovery) Pangolin Diamonds (TSX-V: PAN) Head Office – Toronto, Ontario Shares Outstanding – 160.3m Recent Price – C$ 0.05 CEO – Dr Leon Daniels Website – https://pangolindiamonds.com/ Pangolin has seven early-stage projects, all of which are located in Botswana. The company’s flagship project is Malatswae where there is evidence of a kimberlite field in the form of KIM and diamonds recovered from loam samples. Key technical people include Dr Leon Daniels (several discoveries in southern Africa) Tsodilo Resources (TSX-V: TSD) Head Office: Shares Outstanding – 45.3m Recent Price – C$ 0.085 CEO – James Bruchs Website – http://www.tsodiloresources.com/s/Home.asp Tsodilo’s key project is the BK-16 kimberlite in Botswana’s Orapa field. The kimberlite is relatively low grade but may have a population of large type IIA diamonds similar to Lucara’s Karowe mine in the same field. Star Diamond Corporation (TSX: DIAM) Head Office – Saskatoon, Saskatchewan Shares Outstanding – 428.2m Recent Price – C$ 0.36 CEO – Ken MacNeill Website – http://www.stardiamondcorp.com/ Star Diamond has an advanced diamond project in north-central Saskatchewan. The Fort a la Corne kimberlite field hosts some of the largest kimberlites globally. The project has been active for more than two decades and is currently under option to Rio Tinto. Key technical people include George Read (formerly with DeBeers) Included in the list of explorers was a list of companies that were producing diamonds. Canadian listed companies that are producing diamonds. (source: Bruce Counts CEO of Lithoquest Diamond Inc. (TSX-V: LDI) ) Lucara Diamond Corp (TSX: LUC) Head Office – Vancouver, British Columbia Shares Outstanding – 396.9m Recent Price – C$ 0.88 CEO – Eira Thomas Website – https://www.lucaradiamond.com/ Lucara has one asset: a 100% interest in the Karowe diamond mine located in the Orapa kimberlite field in Botswana. The deposit was purchased from De Beers and ownership was consolidated by Lucara. The south lobe of the Karowe kimberlite complex has a population of large, top-quality Type IIA diamonds that have made the company very profitable in past years and has produced some of the worlds largest diamonds. The company has recently completed a feasibility study to determine the economics of transitioning from an open pit to an underground mine. Lucara is believed to be scouting for possible acquisitions and/or mergers. Lucara has also acquired a block-chain based marketing platform, Clara, that aims to align buyers of rough diamonds with specific stones. The platform is still in the ramp-up stage but aims to sell diamonds other than those produced at Karowe. It remains to be seen if this will be a profitable acquisition; however, it speaks to managements desire to broaden the revenue stream while staying within the diamond industry. Mountain Province Diamonds Inc. (TSX: MPVD) Head Office – Toronto, Ontario Shares Outstanding – 210.1m Recent Price – C$ 1.14 CEO – Stuart Brown Website – http://www.mountainprovince.com/ Mountain Province has a minority interest (49%) in the Gahcho Kue diamond mine located in the Northwest Territories of Canada (De Beers owns the majority interest). The mine is known to produce lower-quality stones and stones that fluoresce. This has put a great deal of pressure on the profitability of the mine given that average price per carat of their production has declined by nearly 50% since the feasibility study was completed. Adding to that pressure for Mountain Province is the servicing of the debt incurred to fund their portion of the mine’s CAPEX. Mountain Province has a 100% interest in the Kennady Lake kimberlites which is an advanced project and located very close to the Gahcho Kue diamond mine. While the Kennady kimberlites are small, they are high grade. It is speculated that the Kennady kimberlite will be acquired by the Gahcho Kue Joint Venture in the future when the current mine nears the end of its life. Diamcor Mining Inc. (TSX: MPVD) Head Office – Kelowna, British Columbia Shares Outstanding – 65.3m Recent Price – C$ 0.095 CEO – Dean Taylor Website – http://www.diamcormining.com/ Diamcor has a single asset: a 100% interest in the Krone-Endora at Venetia Project. The project is focused on recovering diamonds from colluvium and alluvium down slope/stream from DeBeer’s Venetia diamond mine. Technically, the project is still at the bulk-sample stage since Diamcor has not produced a regulatorily compliant resource; however, effectively, the company is at the mining stage. Australian listed companies that are exploring for diamonds. Lucapa Diamond Company Limited (ASX: LOM) Head Office – Perth Shares Outstanding – 467.20m Recent Price – AUD$ 0.135 CEO – Stephen Wetherall Website – https://www.lucapa.com.au/ Commercial diamond production commenced at Lulo in 2015 through alluvial mining company Sociedade Mineira Do Lulo. The average US$ sales prices achieved for Lulo diamonds are among the highest of any alluvial mine in the world. Kimberlite exploration is conducted by the Lulo partners through the separate Projecto Lulo joint venture. This exploration is designed to locate the hard-rock sources of the exceptional Lulo alluvial diamonds. Lucapa is the operator of both the alluvial mining and kimberlite exploration activities at Lulo. Gibb River Diamonds Limited (ASX: GIB) Head Office – Perth, Western Australia Recent Price – AUD$ 0.045 Executive Chairman – Jim Richards Website – http://www.gibbriverdiamonds.com.au/ Gibb River Diamonds is a renamed company from decades ago. I have lost track of how many. The last name was Poz Minerals, and I am not sure if it had Blina Diamonds. The main project is the recent acquisition of the Ellendale Diamond mine. Famous for its yellow diamonds, it was a great money generator for its previous owners until the major buyer decided to stop taking the stones. Since then, it has just gone downhill with the company going into administration and the tenements being tendered out. The Blina Diamond project is of particular interest to me as it offers something different. If they can make this work, it will be something new and not dependent on the old Ellendale story. Conclusion Diamond geology/mining/exploration is my favourite topic, so this article has gone that extra length. As they say, you learn something every day, and I have learnt that the Canadians are way ahead in the diamond game compared to Australia. When the rush was happening in the 1990s, Australia was the go-to place. The discovery of Argyle and Ellendale prior was the catalyst for the rush in the 1970s to the 1990s. In the early 1990s, Stockdale (De Beers) had almost exited the scene while Ashton and Great Central Mines Limited were the leading players. There were other smaller players, but they never succeeded, such as Striker Resources and Moonstone Diamond Corp. Most of the famous diamond mines have been operating for decades, and these mines are producing millions of carats per year. As I described earlier, Ekati and Diviak produced multiple of millions of carats per annum. Argyle Diamond Mine had a low gem-quality count, but it was the largest diamond producer in the world at one time. Argyle is famous for its pink diamonds. Argyle is also renowned for its marketing of simple brown diamonds as cognac and champagne diamonds. It is evident that diamonds are found worldwide. The point of this article was really to highlight the complexity of diamond exploration and the risk/reward ratio, which is making fundraising difficult. What I did discover from this article was that there are a lot of explorers in Canada and numerous mid-tier producers. The Australian contingent is lagging. However, some surprises could turn the tide. In Australia, I think Lithoquest and Gibb River could turn the momentum of diamond exploration if they make their projects work. For Lithoquest, confirming diamond-bearing kimberlites in their project area would create a new diamond region previously unknown. If Seppelt is indeed within the project are of Lithoquest could springboard the company into a possible near-term diamond producer. For Gibb River, convincing the capital market that a rejuvenated Ellendale mine for yellow diamonds will make money will make them the most definite candidate to be the next diamond miner in Australia and indeed the world. Proving that the company can make money mining the yellow diamonds will put Gibb in an extraordinary place in the diamond mining club. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. www.samso.com.au If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au . About Samso
- The Search for Nickel and Palladium - A Methodical Exploration Strategy - Galileo Mining Limited
Coffee with Samso Episode 87 with Brad Underwood, Managing Director of Galileo Mining Limited (ASX: GAL) The search for Nickel Sulphides is one of the most challenging for geoscientists in the mineral exploration industry. For this reason, investors , in general, find it hard to comprehend what is required to make a discovery. Many investors in the Australian Stock Exchange or ASX Limited (ASX: ASX) feel that Galileo Mining Limited (ASX: GAL) is making "slow progress" as they have not made a discovery. In this episode of Coffee with Samso , Brad Underwood, Chairman and Managing Director of the company share with us the methodical manner in which they are going about the business of locating the "Holy Grail", otherwise known as a Nickel Sulphide ore body. Brad outlines how the company is doing things in a step-by-step way to vector their drilling on the best case target. This is one of the most comprehensive episodes on understanding the process of nickel exploration. Here are some topics that Brad shared with us: How magnetic surveys work and the information it gives explorers The use of gravity and electromagnetic surveys The science behind all these geophysical surveys In this episode, Brad also shares with us the thinking and the science behind the new Palladium target in Norseman. Watch the interview: Coffee with Samso Episode 87 The historical data in Norseman has shown that there is a potential PGE mineralisation existing in the current project. The share price of the company has taken a rough ride but looking at the eagerness to punt prior to drilling programs tells me that there are a lot of believers out there. Galileo has quality management and that is always going to be useful in good or bad times. PODCAST About Galileo Mining Limited (ASX:GAL) Galileo Mining is a resources company listed on the Australian Securities Exchange (ASX) under the code GAL and is exploring for base metals in south-east Western Australia. The company has 100% ownership of its Norseman Project and has Joint Ventures with the Creasy Group over highly prospective tenements in the Fraser Range. The Norseman Project is located adjacent to the regional town of Norseman in an infrastructure-rich area of Western Australia. A bitumen highway runs parallel to the project area and is less than 10km from the Company’s current JORC cobalt-nickel resources. The Norseman Project includes numerous areas with potential for further cobalt discoveries as well as additional nickel and copper prospects. The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. The Fraser Range is known for the world-class Nova nickel-copper-cobalt mine discovered by Sirius Resources in 2012. Galileo’s northern Fraser Range tenement is 80km from the operating Nova mine while the southern tenements are just 30km from the mine. Galileo is targeting Nova style nickel-copper-cobalt mineralisation in the Fraser Range and has a deep level of experience in the region. The company was originally privately owned by renowned prospector Mr. Mark Creasy, and Galileo Managing Director Mr. Brad Underwood spent eight years as General Manager of the Creasy Group’s exploration at the Fraser Range and Norseman. Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Mr. Creasy continues to be the largest shareholder, controlling approximately 31 percent of the company. ASX-listed miner Independence Group (ASX: IGO) and Mineral Resources’ founder Chris Ellison are included within the Company’s top five largest shareholders. Galileo Key Milestones: 2003 – Registered as a private company wholly owned by Mark Creasy 2004 – Acquired the Norseman project 2006 – Initial drilling conducted at Norseman 2017 – Maiden JORC Resource completed at Norseman 2018 – Acquired interest in the Fraser Range project 2018 – Launched on the ASX as a public company It has been nearly two months since I last spoke with Mr. Underwood, Managing Director of Galileo Mining Limited. Click on the podcast below for an update on nickel exploration. The science and techniques of nickel exploration process are easy but there are potential issues. As we speak, the company is undergoing its first diamond drilling program at its Fraser Range Nickel Belt in Western Australia. About Brad Underwood Brad Underwood is the Chairman and Managing Director of Galileo Mining. Mr. Underwood is a geologist with over 18 years of experience in exploration, prospecting and mining. He has been involved in copper, gold, nickel and cobalt discoveries and the development of numerous prospects over a variety of commodities. Watch the previous Coffee With Samso conversation with Brad here . Galileo's strategic focus on nickel, copper and cobalt in tier-1 mining jurisdiction. Listen to the Rooster Talk conversation with Brad here . Focusing on the science and techniques of nickel exploration - the easy process and potential issues. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Download eBook VMS (Volcanogenic Massive Sulfide) Deposits Explained In simple terms, Volcanic-associated Massive Sulphide (VMS) deposits are caused by underground metal-rich volcanoes rising and creating a cooking environment. I suggest you download this eBook which explains the VMS and How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. Share to Grow If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au . About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au . Remember to Subscribe to our YouTube Channel , Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google . Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- Galileo Mining Limited (ASX: GAL) - Early discovery of Sulphides at Norseman Project
Rooster Talk Episode 51 with Brad Underwood, Managing Director of Galileo Mining Limited (ASX: GAL) is all about the discovery of sulphides at the Norseman project. A systematic approach is now testing their palladium prospect in Norseman, Western Australia. If you are looking for an exploration company on the Australian Stock Exchange or ASX Limited (ASX: ASX) you need to DYOR big time on Galileo Mining Limited (ASX: GAL) . The results are consistent with our expectations. We just did not think we were going to hit it with air-core drilling. Brad Underwood, Chair and Managing Director of Galileo Mining Limited (ASX: GAL) , shares with us the technical merits of the sulphides in today's Rooster Talk . The presence of the sulphides is important as this is indicating some for of mineralisation. Short of calling a discovery, the presence of these sulphides is going to add a lot of spice to the story at Norseman. Watch the interview: Rooster Talk Episode 51 Chapters: 00:00 Start 00:20 Introduction 59:01 Brad Updates. 02:10 Was the sulphides a geophysical target?. 03:02 Drilling still happening in same project. 03:17 Timing of results. 03:58 What does these results mean for the company? 05:49 What else is happening for Galileo. 06:54 The exploration ahead in 2022. 07:42 What's the different approach when looking at Norseman. 08:55 What are the historical nickel activities in the Norseman area. 09:48 Last Words from Brad. 10:15 Conclusion PODCAST About Galileo Mining Limited (ASX:GAL) Galileo Mining is a resources company listed on the Australian Securities Exchange (ASX) under the code GAL and is exploring for base metals in south-east Western Australia. The company has 100% ownership of its Norseman Project and has Joint Ventures with the Creasy Group over highly prospective tenements in the Fraser Range. The Norseman Project is located adjacent to the regional town of Norseman in an infrastructure-rich area of Western Australia. A bitumen highway runs parallel to the project area and is less than 10km from the Company’s current JORC cobalt-nickel resources. The Norseman Project includes numerous areas with potential for further cobalt discoveries as well as additional nickel and copper prospects. The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. The Fraser Range is known for the world-class Nova nickel-copper-cobalt mine discovered by Sirius Resources in 2012. Galileo’s northern Fraser Range tenement is 80km from the operating Nova mine while the southern tenements are just 30km from the mine. Galileo is targeting Nova style nickel-copper-cobalt mineralisation in the Fraser Range and has a deep level of experience in the region. The company was originally privately owned by renowned prospector Mr. Mark Creasy, and Galileo Managing Director Mr. Brad Underwood spent eight years as General Manager of the Creasy Group’s exploration at the Fraser Range and Norseman. Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Mr. Creasy continues to be the largest shareholder, controlling approximately 31 percent of the company. ASX-listed miner Independence Group (ASX: IGO) and Mineral Resources’ founder Chris Ellison are included within the Company’s top five largest shareholders. Galileo Key Milestones 2003 – Registered as a private company wholly owned by Mark Creasy 2004 – Acquired the Norseman project 2006 – Initial drilling conducted at Norseman 2017 – Maiden JORC Resource completed at Norseman 2018 – Acquired interest in the Fraser Range project 2018 – Launched on the ASX as a public company About Brad Underwood Chair and Managing Director Brad Underwood is the Chairman and Managing Director of Galileo Mining. Mr. Underwood is a geologist with over 18 years of experience in exploration, prospecting and mining. He has been involved in copper, gold, nickel and cobalt discoveries and the development of numerous prospects over a variety of commodities. Previous conversations with Brad Watch the previous Coffee With Samso conversation with Brad here . Galileo's strategic focus on nickel, copper and cobalt in tier-1 mining jurisdiction. Listen to the Rooster Talk conversation with Brad here . Focusing on the science and techniques of nickel exploration - the easy process and potential issues. Featured on Brilliant-Online Galileo Mining Limited shares Methodical Approach to the Search for Nickel and Palladium Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Download eBook VMS (Volcanogenic Massive Sulfide) Deposits Explained In simple terms, Volcanic-associated Massive Sulphide (VMS) deposits are caused by underground metal-rich volcanoes rising and creating a cooking environment. I suggest you download this eBook which explains the VMS and How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. Share to Grow If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au . About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au . Remember to Subscribe to our YouTube Channel , Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google . Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- The Search for Palladium in Norseman Commences - Galileo Mining Limited (ASX: GAL)
Rooster Talk Episode 50 with Brad Underwood, Managing Director of Galileo Mining Limited (ASX: GAL) says the company is not shying away from exploration. A systematic approach is now testing their palladium prospect in Norseman, Western Australia. Over time I have encouraged investors in the Australian Stock Exchange or ASX Limited (ASX: ASX) who are looking for a company that actually spends the majority of their funds on good exploration, to look at Galileo Mining Limited (ASX: GAL) . Since early 2018, when the company listed on the ASX, they have undergone 14 drill programs. Brad Underwood, Chair and Managing Director of Galileo Mining Limited (ASX: GAL) , shares with us the technical merits of their projects in today's Rooster Talk . This episode talks about the exploration thinking behind the drilling in Norseman where Galileo is seeking a potential Ni-Cu-PGE target. The 10,000m drilling program has started and the targets are starting to look interesting as the geophysical anomalies appear to be guiding towards a possible source. The Jimberlana dyke in Norseman has always been a potential exploration target but has largely being ignored in the company's tenure. Watch the interview: Rooster Talk Episode 50 Chapters: 00:00 Start 00:20 Introduction 01:08 Brad Updates. 01:48 The prospectivity of Norseman. 03:04 The thinking behind the Jimberlana Dyke. 04:54 The significance of geological analogy for current targets in Norseman. 06:48 What do the targets mean? 08:08 Is there a big Halo of mineralisation? 08:38 Can the geophysical target be non-mineralisation? 09:53 What will happen going forward? 10:34 Last Words from Brad. 11:22 Conclusion The Jimberlana Dyke is similar to known geology that has sources of Palladium. PODCAST About Galileo Mining Limited (ASX:GAL) Galileo Mining is a resources company listed on the Australian Securities Exchange (ASX) under the code GAL and is exploring for base metals in south-east Western Australia. The company has 100% ownership of its Norseman Project and has Joint Ventures with the Creasy Group over highly prospective tenements in the Fraser Range. The Norseman Project is located adjacent to the regional town of Norseman in an infrastructure-rich area of Western Australia. A bitumen highway runs parallel to the project area and is less than 10km from the Company’s current JORC cobalt-nickel resources. The Norseman Project includes numerous areas with potential for further cobalt discoveries as well as additional nickel and copper prospects. The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. The Fraser Range is known for the world-class Nova nickel-copper-cobalt mine discovered by Sirius Resources in 2012. Galileo’s northern Fraser Range tenement is 80km from the operating Nova mine while the southern tenements are just 30km from the mine. Galileo is targeting Nova style nickel-copper-cobalt mineralisation in the Fraser Range and has a deep level of experience in the region. The company was originally privately owned by renowned prospector Mr. Mark Creasy, and Galileo Managing Director Mr. Brad Underwood spent eight years as General Manager of the Creasy Group’s exploration at the Fraser Range and Norseman. Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Mr. Creasy continues to be the largest shareholder, controlling approximately 31 percent of the company. ASX-listed miner Independence Group (ASX: IGO) and Mineral Resources’ founder Chris Ellison are included within the Company’s top five largest shareholders. Galileo Key Milestones 2003 – Registered as a private company wholly owned by Mark Creasy 2004 – Acquired the Norseman project 2006 – Initial drilling conducted at Norseman 2017 – Maiden JORC Resource completed at Norseman 2018 – Acquired interest in the Fraser Range project 2018 – Launched on the ASX as a public company About Brad Underwood Chair and Managing Director Brad Underwood is the Chairman and Managing Director of Galileo Mining. Mr. Underwood is a geologist with over 18 years of experience in exploration, prospecting and mining. He has been involved in copper, gold, nickel and cobalt discoveries and the development of numerous prospects over a variety of commodities. Previous conversations with Brad Watch the previous Coffee With Samso conversation with Brad here . Galileo's strategic focus on nickel, copper and cobalt in tier-1 mining jurisdiction. Listen to the Rooster Talk conversation with Brad here . Focusing on the science and techniques of nickel exploration - the easy process and potential issues. Featured on Brilliant-Online Galileo Mining Limited shares Methodical Approach to the Search for Nickel and Palladium Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Download eBook VMS (Volcanogenic Massive Sulfide) Deposits Explained In simple terms, Volcanic-associated Massive Sulphide (VMS) deposits are caused by underground metal-rich volcanoes rising and creating a cooking environment. I suggest you download this eBook which explains the VMS and How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. Share to Grow If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au . About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au . Remember to Subscribe to our YouTube Channel , Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google . Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments
- NiS Exploration: More Science than Luck - Galileo Mining Limited (ASX: GAL)
Rooster Talk Episode 25: A Margaret River Series Update on the Nickel Exploration It's time for an update on nickel exploration with Brad Underwood , Chairman and Managing Director, Galileo Mining (ASX:GAL). Today we focus on the science and techniques of nickel exploration - which is the easy process but what are the potential issues? As we speak, the company is undergoing its first diamond drilling program at its Fraser Range Nickel Belt in Western Australia. About Galileo Mining and its Projects Galileo Mining is a resources company listed on the Australian Securities Exchange (ASX) under the code GAL and is exploring for base metals in south-east Western Australia. The company has a 100% ownership of its Norseman Project and has Joint Ventures with the Creasy Group over highly prospective tenements in the Fraser Range. The Norseman Project is located adjacent to the regional town of Norseman in an infrastructure-rich area of Western Australia. A bitumen highway runs parallel to the project area and is less than 10km from the Company’s current JORC cobalt-nickel resources. The Norseman Project includes numerous areas with potential for further cobalt discoveries as well as additional nickel and copper prospects. The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. The Fraser Range is known for the world-class Nova nickel-copper-cobalt mine discovered by Sirius Resources in 2012. Galileo’s northern Fraser Range tenement is 80km from the operating Nova mine while the southern tenements are just 30km from the mine. Galileo is targeting Nova style nickel-copper-cobalt mineralisation in the Fraser Range and has a deep level of experience in the region. The company was originally privately owned by renowned prospector Mr. Mark Creasy, and Galileo Managing Director Mr. Brad Underwood spent eight years as General Manager of the Creasy Group’s exploration at the Fraser Range and Norseman. Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Mr. Creasy continues to be the largest shareholder, controlling approximately 31 percent of the company. ASX-listed miner Independence Group (ASX: IGO) and Mineral Resources’ founder Chris Ellison are included within the Company’s top five largest shareholders. Galileo Key Milestones: 2003 – Registered as a private company wholly-owned by Mark Creasy 2004 – Acquired the Norseman project 2006 – Initial drilling conducted at Norseman 2017 – Maiden JORC Resource completed at Norseman 2018 – Acquired interest in the Fraser Range project 2018 – Launched on the ASX as a public company It has been nearly two months since last spoke with Mr. Underwood, Managing Director of Galileo Mining Limited. Click on the podcast below for an update on nickel exploration. The science and techniques of nickel exploration process is easy but there are potential issues. As we speak, the company is undergoing its first diamond drilling program at its Fraser Range Nickel Belt in Western Australia. Podcast About Brad Underwood Brad Underwood is the Chairman and Managing Director of Galileo Mining. Mr Underwood is a geologist with over 18 years’ experience in exploration, prospecting and mining. He has been involved in copper, gold, nickel and cobalt discoveries and the development of numerous prospects over a variety of commodities. Watch the last Coffee With Samso conversation with Brad Galileo's strategic focus on nickel, copper and cobalt in tier-1 mining jurisdiction. Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Share this Rooster Talk If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact Samso . About Samso
- Galileo Mining Limited (ASX: GAL) - One Step Closer to more Sulphides
Coffee with Samso Episode 140 with Brad Underwood, Executive Chair and Managing Director of Galileo Mining Limited (ASX: GAL) is all about the next drilling campaign in Norseman. A systematic approach is now testing their palladium prospect in Norseman, Western Australia. If you are looking for an exploration company on the Australian Stock Exchange or ASX Limited (ASX: ASX) you need to DYOR big time on Galileo Mining Limited (ASX: GAL) . This episode is a discussion on the technical merits of the Norseman project. Galileo is about to undertake another drilling program. Watch the interview: Coffee with Samso Episode 140 Chapters: 00:00 Start 00:20 Introduction 00:57 Brad Updates. 01:28 The drilling starts again. 02:21 What have you learned from the past drilling campaign in Norseman? 03:40 Is the geology in Norseman and Albany Fraser different and if so, what are the differences? 05:14 How is the host rock chemistry different in Norseman and the Fraser Range? 06:14 Has the exploration strategy for GAL changed over time? 07:45 Is GAL looking at a new mineralising province? 09:12 What is a good Palladium grade? What should investors look for in a Palladium project? 10:37 What is the magical number that investors should look at in an announcement? 12:24 Is there a proportion of Nickel and Palladium to look for? 13:23 Palladium. 13:47 Why is GAL so well funded? 15:03 GAL has good shareholders. 15:44 What does Brad think of the Nickel market? 17:23 The News coming up for Investors and Shareholders. 18:37 Norseman has not been a Palladium area. 19:33 Conclusions PODCAST About Brad Underwood Chair and Managing Director Brad Underwood is the Chairman and Managing Director of Galileo Mining. Mr. Underwood is a geologist with over 18 years of experience in exploration, prospecting and mining. He has been involved in copper, gold, nickel and cobalt discoveries and the development of numerous prospects over a variety of commodities. Previous conversations with Brad Watch the previous Coffee With Samso conversation with Brad here . Galileo's strategic focus on nickel, copper and cobalt in tier-1 mining jurisdiction. Listen to the Rooster Talk conversation with Brad here . Focusing on the science and techniques of nickel exploration - the easy process and potential issues. Featured on Brilliant-Online Galileo Mining Limited shares Methodical Approach to the Search for Nickel and Palladium About Galileo Mining Limited (ASX:GAL) Galileo Mining is a resources company listed on the Australian Securities Exchange (ASX) under the code GAL and is exploring for base metals in south-east Western Australia. The company has 100% ownership of its Norseman Project and has Joint Ventures with the Creasy Group over highly prospective tenements in the Fraser Range. The Norseman Project is located adjacent to the regional town of Norseman in an infrastructure-rich area of Western Australia. A bitumen highway runs parallel to the project area and is less than 10km from the Company’s current JORC cobalt-nickel resources. The Norseman Project includes numerous areas with potential for further cobalt discoveries as well as additional nickel and copper prospects. The Fraser Range Project covers two zones of the extensive Fraser Range geological belt. The Fraser Range is known for the world-class Nova nickel-copper-cobalt mine discovered by Sirius Resources in 2012. Galileo’s northern Fraser Range tenement is 80km from the operating Nova mine while the southern tenements are just 30km from the mine. Galileo is targeting Nova style nickel-copper-cobalt mineralisation in the Fraser Range and has a deep level of experience in the region. The company was originally privately owned by renowned prospector Mr. Mark Creasy, and Galileo Managing Director Mr. Brad Underwood spent eight years as General Manager of the Creasy Group’s exploration at the Fraser Range and Norseman. Galileo Mining listed on the ASX in May 2018, raising $15 million in IPO funding. Mr. Creasy continues to be the largest shareholder, controlling approximately 31 percent of the company. ASX-listed miner Independence Group (ASX: IGO) and Mineral Resources’ founder Chris Ellison are included within the Company’s top five largest shareholders. Galileo Key Milestones 2003 – Registered as a private company wholly owned by Mark Creasy 2004 – Acquired the Norseman project 2006 – Initial drilling conducted at Norseman 2017 – Maiden JORC Resource completed at Norseman 2018 – Acquired interest in the Fraser Range project 2018 – Launched on the ASX as a public company 2020 – Nickel Sulphides confirmed at Fraser Range project Disclaimer The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer. Download eBook VMS (Volcanogenic Massive Sulfide) Deposits Explained In simple terms, Volcanic-associated Massive Sulphide (VMS) deposits are caused by underground metal-rich volcanoes rising and creating a cooking environment. I suggest you download this eBook which explains the VMS and How to Add Value to your Share Portfolio A lesson on geological models sought by mining companies that gives insight and an understanding of which portfolios are better - and potentially more lucrative – investments. Click here to download this eBook. Share to Grow If you find this article informative and useful, please help me share the information. I try and write about topics that are interesting and have the potential to be of investment value. It is not easy to find stories that fit those parameters. If you or your organisation see the benefit of what Samso is trying to achieve and have a need to share your journey, please contact me on noel.ong@samso.com.au . About Samso Keep us informed too! Please let us know your thoughts and send us any comments to info@samso.com.au . Remember to Subscribe to our YouTube Channel , Samso Media and our mail list to stay informed and make comments where appropriate. Other than that, you can also give us a Review on Google . Samso-Brilliant Distribution Outreach Powerful Advertising opportunities for Samso’s ASX and private business clients. The Brilliant-Online partnership is an opportunity to reach new and wider audiences in a fresh, appealing format to pique and retain investor interest. Contact Veronica directly for your special Samso-Brilliant advertising rate. Read Brilliant Investments