Other Mining Stocks 2023

[cornhuskergold]

Hot Chili Ltd announces copper / gold PEA and $15M investment by Osisko Gold Royalties:

Hot Chili Announces PEA for Costa Fuego

Hot Chili Announces US$15 Million Investment Agreement with Osisko Gold Royalties

This is a property just to the north of the Alto and provides a clear example of how a low altitude copper mine progresses and ultimately will be in production in the same neighborhood.

The property has been criticized for low’ish’ grades (0.5% to 1.0% instead of 1.0+%) leading to a modest IRR, and for modest size. Size has been somewhat overcome with drilling and property additions but still has not reached 1B tonnes of ore. IRR is only 21% and mine requires $1B to get started.

The goal is to still increase the size of the resource and issue a PFS in the future.

This property will be mined almost certainly given all the big investors now. It really will look quite a bit better with $4+ copper price. It is marginal at $3 to $4 copper for the $1B investment.

[easymillion]

@cornhuskergold

This property will be mined almost certainly given all the big investors now.

This is good news! Not so good news, or at least a warning, was the topic of this news article.

World faces ‘terrifying’ future if miners, regulators don’t step up - Newcrest

BY Reuters
— 8:54 PM ET 06/28/2023

BRISBANE (Reuters) - Regulators urgently need to fast track approvals for new mines and the renewable energy projects to power them to ensure the supply of minerals essential to averting climate change, gold miner Newcrest’s interim head said on Thursday.

“We are urgently off course and we need to course correct immediately,” Sherry Duhe, interim CEO of Australia’s top gold miner and a former oil industry executive, told a mining conference in Brisbane.

The mining industry needs to bring online the equivalent of 17 more Escondidas, the world’s biggest copper mine, by 2050, to meet demand projections, she said as an example of the scale of the problem.

Other metals, such as nickel, cobalt and lithium, used in batteries and wind turbines, are also urgently needed for the energy transition.

Miners need to step up development by an order of magnitude and governments need to slash regulatory timelines and beef up regulatory staffing, as regulation is becoming more complex, including duplicated rules, Duhe said.

“The next five to 10 years are critical,” she said.

“The alternative is terrifying.”

Newcrest is relying on a wind farm to supply 40% of its electricity needs for its Cadia gold mine in New South Wales state, but that power project development is struggling with regulatory time frames.

Shareholders in Newcrest, which has gold and copper projects in Australia, Canada and Papua New Guinea, are due to vote later this year on a A$26.2 billion ($17.3 billion) takeover offer from Newmont Corp. (NEM)

($1 = 1.5158 Australian dollars)

[TheRod]

Ridiculously Undervalued

Sarama Resources T:SWA https://saramaresources.com

Current price $0.055 (Can.), Market cap $8.7 Million (157Msh)

0.6Moz Au (Ind) + 2.3Moz Au (Inf) , shallow deposit

52m @ 5.3 g/t Au from 38m
13m @ 20.4 g/t Au from 8m
66m @ 3.8 g/t Au from 6m
70m @ 3.0 g/t Au from 0m
54m @ 3.8 g/t Au from 42m
61m @ 3.7 g/t Au from 23m

• Plus they own 18% of Endeavour Mining’s Karankasso Project 709,000 oz Mineral Resource

• Plus they own the Koumandara Project
  4m @ 10.6g/t Au, 7m @ 6.9g/t Au, 15m @ 1.8g/t Au, 13m @ 2.9g/t Au, 17m @ 1.2g/t Au and 3m @ 8.9g/t Au

[TheRod]

If you calculate the GTM (grams per ton * metres) AND how shallow the intercepts are, most companies would cream to get these kind of results.

The Santura project is made up of 2 deposits

Tankoro Deposit
FRC677 31m @ 7.07 g/t Au from 24m
DDH043 4.3m @ 42.80 g/t Au from 333m
DDH054 30.8m @ 5.54 g/t Au from 288m
DDH025 10.2m @ 14.85 g/t Au from 109m
DDH045 15.5m @ 9.36 g/t Au from 177m

DDH010A 17.9m @ 7.23 g/t Au from 101m
FRC167 15m @ 7.43 g/t Au from 15m
FRC166 14m @ 7.93 g/t Au from 65m
DDH079 17.4m @ 5.88 g/t Au from 195m
DDH041 11.8m @ 8.06 g/t Au from 35m

FRC655 17m @ 5.45 g/t Au from 11m
RAB078 16m @ 5.60 g/t Au from 34m
FRC154 19m @ 4.64 g/t Au from 65m
DDH004 13.8m @ 5.90 g/t Au from 101m
FRC616 14m @ 5.71 g/t Au from 180m

DDH059 36m @ 6.48 g/t Au from 14m
FRC845 26m @ 6.90 g/t Au from 22m
AC1891 45m @ 3.88 g/t Au from 6m
AC988 32m @ 4.82 g/t Au from 14m
TAA130 35m @ 3.29 g/t Au from 6m

FRC984 15m @ 7.44 g/t Au from 47m
FRC847 19m @ 5.39 g/t Au from 153m
DDH055 37.5m @ 2.59 g/t Au from 27m
FRC873 34m @ 2.62 g/t Au from 32m
FRC837 59m @ 1.45 g/t Au from 85m

FRC774 36m @ 2.26 g/t Au from 4m
FRC847 36.7m @ 2.15 g/t Au from 81m
FRC1076 6m @ 11.85 g/t Au from 231m
FRC708 16m @ 3.84 g/t Au from 20m
FRC982 14m @ 4.12 g/t Au from 41m

FRC564 14m @ 6.22 g/t Au from 0m
AC2431 10m @ 7.15 g/t Au from 4m
AC2496 12m @ 5.78 g/t Au from 14m
FRC562 10m @ 5.50 g/t Au from 82m
AC385 10m @ 5.25 g/t Au from 10m

RAB130 14m @ 3.26 g/t Au from 32m
FRC563 8m @ 5.68 g/t Au from 42m
FRC105 39m @ 4.85 g/t Au from 130m
AC1834 9m @ 4.18 g/t Au from 36m
FRC913 22m @ 1.69 g/t Au from 55m

TAA070 7m @ 11.52 g/t Au from 31m
FRC907 31m @ 1.97 g/t Au from 125m
FRC1000 23m @ 1.73 g/t Au from 40m
TAA077 8m @ 4.72 g/t Au from 34m
TAA068 5m @ 7.26 g/t Au from 16m

AC3628 8m @ 4.21 g/t Au from 34m
FRC1001 34m @ 0.97 g/t Au from 28m
TAA029 29m @ 1.05 g/t Au from 21m
FRC908 32m @ 0.92 g/t Au from 17m
FRC922 24m @ 1.21 g/t Au from 20m

Bondi Deposit
BRC0299 52m @ 5.31 g/t Au from 38m
BRC0204 13m @ 20.41 g/t Au from 8m
BRC0024 66m @ 3.83 g/t Au from 6m
BRC0104 61m @ 3.71 g/t Au from 23m
BRC0101 70m @ 3.04 g/t Au from 0m

BRC0296 54m @ 3.83 g/t Au from 42m
BDD0034 7.5m @ 26.85 g/t Au from 5m
BRC0283 22m @ 9.08 g/t Au from 31m
BRC0100 41m @ 4.63 g/t Au from 0m
BRC0057 29m @ 6.35 g/t Au from 40m

BRC0077 59m @ 3.04 g/t Au from 21m
BRC0103 55m @ 3.26 g/t Au from 0m
BRC0284 29m @ 5.70 g/t Au from 0m
BRC0147D 35.5m @ 4.48 g/t Au from 134m
BRC0134 33m @ 4.58 g/t Au from 57m

BRC0099 24m @ 6.25 g/t Au from 19m
BRC0508 32m @ 4.68 g/t Au from 18m
BRC0534 49m @ 2.87 g/t Au from 2m
BRC0230D 33m @ 4.26 g/t Au from 158m
BRC0121 21m @ 6.44 g/t Au from 6m

BRC0298 13m @ 10.00 g/t Au from 89m
BRC0280 11m @ 11.81 g/t Au from 0m
BRC0502 32m @ 3.82 g/t Au from 0m
BRC000 27m @ 4.42 g/t Au from 39m
BRC0129 39m @ 3.06 g/t Au from 0m

BRC0093 35m @ 3.39 g/t Au from 0m
BRC0537 18m @ 6.43 g/t Au from 32m
BRC0102 46m @ 2.49 g/t Au from 56m
BRC0105 51m @ 2.20 g/t Au from 51m
BRC0054 44m @ 2.49 g/t Au from 56m

BRC0457 36m @ 3.04 g/t Au from 2m
BRC0632 33m @ 3.30 g/t Au from 42m
BRC0535 28m @ 3.83 g/t Au from 36m
BRC0106 30m @ 3.34 g/t Au from 0m

DJR0029 22m @ 3.85 g/t Au from 5m
DJR0030 29m @ 1.44 g/t Au from 1m
DJA0060 27m @ 1.07 g/t Au from 0m
DJA0141 5m @ 4.54 g/t Au from 15m
DJA0076 10m @ 1.47 g/t Au from 28m

DJA0076 20m @ 0.71 g/t Au from 4m
DJR0030 10m @ 1.24 g/t Au from 67m
DJA0061 8m @ 1.50 g/t Au from 0m
DJA0159 15m @ 0.74 g/t Au from 7m
DJA0058 10m @ 1.10 g/t Au from 10m

[cornhuskergold]

Hot Chili looking to add more size to their project as they move towards their PFS this year:

https://www.hotchili.net.au/wp-content/uploads/2023/08/2597448.pdf

Hot Chili is just up the coast from the ADL. It is everything the ADL wants to be eventually: Porphyries, IOCG, copper, gold, etc. It is also an example of what it takes to get to a PFS: lots of money, lots of time (10+ yrs for certain), and eventually lots of drilled resource at a decent grade.

[easymillion]

@cornhuskergold

It is everything the ADL wants to be eventually: Porphyries, IOCG, copper, gold, etc.

Hey, great to see you post here again CHG.
I have faith, although the mining started on the ADL is unconventional, the efforts will eminently be successful.
I do have a starter position in Hot Chile … keeping an eye on it.

A lot of things are connected or interconnected. I still have a lot of highly speculative plays that lead me to companies that later JV or acquire them (like Hog Heaven , Cu-Ag-Au Project Montana – JV’d with IE.V). TheRod introduced NOVO & Bob Moriarty in September 2018 and Hurricane_Rick, in 2020 again mentioned NOVO, Bob Moriarty, and also LIO.V. I definitely took note and started acquiring a large position in Lion One the past couple of years. I’m quite sure others did as well. It pays to pay attention to the regulars on this board. Especially the ones much smarter than me! lol
Sadly, Covid put an end to much of the posting. I’d like to see it return. Perhaps I’ll mention more on LOMLF (LIO.V) in a later post, as the company anticipates their 1st gold pour in Oct. They are a very advanced company with great infrastructure and new deposits under exploration. But I stray from my main topic here today.

With so much uncertainty I’m less reliant on the smaller more speculative plays in my portfolio, many are in the red but should do OK in time. A few of my favorites in the less speculative near term and more developed categories include in no particular order: NFGC (NFG.v), PAAS, WPM, LUGDF, OROCF, LOMLF, CCJ, AEM, OR, SAND. Yes, I have positions in all tickers mentioned here. Don’t get me wrong; there is still risk in all of these, but they are worth doing the DD to see if they fit into your investment style and meet most of your investment goals in the much-touted commodity Bull reportedly starting. I still have many of the more speculative plays I’ve mentioned in the past and have added a few of the more popular ones not mentioned here today. You know, the heavily promoted ones that are drilling and showing some very large AU & AG deposits over the past few years. There are so many good plays out there. Perhaps a few reading here will start posting some of their favorites again.

My favorite CU play is Ivanhoe Mining, and unlike Hot Chili Limited, has a very large Mkt Cap at $10.8B (C$14.73B). If you’re not familiar with it you can read about it here and see the company video:

(https://ivanhoemines.com)

IVPAF (IVN.V) has two huge CU projects in the Democratic Republic of Congo (DRC). The Kamoa-Kakula Copper Mine is primarily a joint venture mostly with Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), and the DRC government. Kamoa-Kakula is gearing up to become the second largest copper complex globally. It is also projected to be the world’s highest-grade major copper mine. It is in a rapid expansion phase. Also, Ivanhoe Mines indirectly owns 64% of the Platreef Project, a tier-one discovery of platinum-group metals (palladium, platinum, rhodium ) , nickel, copper and gold mine project in South Africa.

Their investment with BHP in I-Pulse Technology (private company) intrigued me greatly.

From this clip and associated links:

(Animation of the plant confirmation)

And

(BHP, I-Pulse and I-ROX Enter into Strategic Collaboration to Advance New Applications of I-Pulse Technology) a private company

I’m also acquiring a position in Ivanhoe Electric (IE:TO) that has a great future and story to match.

steely-gray chalcocite, 80% copper by weight

(https://ivanhoeelectric.com/site/assets/files/6234/typhoon.jpg?30l5k2)

(https://www.ipulse-group.com/sites/ipulse-group.com/files/images/MineralExploration-main.png)

(Ivanhoe Electric Inc. | Overview)

So much ground to cover here, I’ll just provide the above links to explore.

GLTA

EZ