City Investors Circle – London
The Market Review for September 2020 has been published.
It can be read here.
To subscribe for future newsletters, and receive information about our free to attend events, please email andrew@city-investors-circle.com Continue reading
Manganese has sprung to the attention of mining investors after Elon Musk’s announcement on the Tesla “Battery Day” that he was going to replace the expensive and unreliably sourced cobalt in a lithium-ion battery with manganese, normally a metal ignored by investors.
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Two thirds of the world’s manganese comes from S. Africa, China, and Australia.
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This is led to people asking which are the companies involved with mining or developing manganese projects?
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There are a few manganese mining companies listed on the ASX and TSX exchanges, please see the table below. (Please note the market cap shown is for guidance only, these were from earlier in the year and they will have have fluctuated since).
| Epic | Company | Recent market cap |
| S32 | SOUTH32 LTD | $14.1B |
| JMS | JUPITER MINES LTD | $607.3M |
| OMH | OM HOLDINGS LTD | $369.3M |
| GMC | GULF MANGANESE CORP | $31.3M |
| EMN | EURO MANGANESE | $26.4M |
| PMY | PACIFICO MINERALS LTD | $18.8M |
| PM1 | PURE MINERALS LTD | $7.7M |
| BYH | BRYAH RESOURCES LTD | $4.9M |
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| TSX.V : MN | Manganese X | C$32m |
| CSE: EMN | Euro Manganese | C$42 m |
| TSX.V: EMM | Giyani Metals | C$20m |
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We present selected interesting and exciting junior mining companies listed on the ASX, TSX, and TSX Venture exchanges, to a group of city professionals, HNWI’s, and private investors, all of whom are active investors, with a mandate to invest in junior mining companies. The format is round table style.
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Our audience is selected and individually invited, to ensure interest and relevance.
Meetings are small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
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We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our monthly newsletter.
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If you wish to present to our select group of active mining investors, please email: andrew@city-investors-circle.com for information.
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This website is not sponsored.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects in good jurisdictions, run by an experienced management team.
These are not recommendations in any form.
Always consult an investment professional.
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Apollo Consolidated (ASX: AOP)
Trident Royalties Plc, has announced that its subsidiary, TRR Services Australia Pty Ltd, has entered into a binding agreement with a privately held Australian company to acquire an existing gold royalty which hosts the entirety of the Lake Rebecca Gold Project, owned and operated by Apollo Consolidated.
The Royalty is being acquired for a total consideration of AUS$8 million. Continue reading
Westhaven Gold Corp. (TSX: WHN)
Released drill results from its first hole at the newly discovered Franz zone, part of the 17,623-hectare Shovelnose gold property, including 7.78 m of 14.84 grams per tonne gold and 39.4 g/t.
Shovelnose is located within the prospective Spences Bridge gold belt , which borders the Coquihalla Highway 30 kilometres south of Merritt, B.C. Continue reading
Mining News – Sunday Roundup Sep 27th
Both precious and base metals ended a poor week down as the US$ strengthened, “as a safe haven” according to media. Surely gold is the ultimate store of value?
Copper stocks continue to fall in warehouses, as suspicions grow the Chinese are building a strategic reserve of the metal.
Is manganese the new ‘hot’ metal? Tesla’s “Battery Day” disappointed, with manganese miners possibly being the only winners.
Junior miners had a tough week, though there were a few exceptions.
Gold Road Resources (ASX: GOR)
Has ceased to be a major shareholder in Cygnus Gold (ASX: CY5), after the recent placement of 18 million shares in CY5 diluted GOR’s holding to below 5%.
In October 2017, Gold Road entered into an earn‐in joint venture with Cygnus Gold Ltd. Continue reading
Cabral Gold Inc. (TSX.V: CBR)
Has identified at least six new northeast-trending, high-grade veins in the Machichie Southwest area, located immediately north of the MG deposit, at the Cuiu Cuiu gold district in Para State, northern Brazil.
Highlights included six new NE trending high-grade vein structures,as a result of recent mapping between the MG deposit and the Machichie target which was drilled during 2019. Continue reading
Gold Road Resources (ASX: GOR)
Issued a Gruyere production update, advising that they suffered a mechanical failure at their ball mill, resulting in 7 days lost production. Gruyere is a 50:50 JV with Goldfields, who manage the facility. In addition, mill tweaks earlier had caused extra downtime.
As a result Gold Rod have advised shareholders that they expect reduction in the 2020 production guidance, and an increase in AISC by around A$100 to A$1250 – A$1350. Continue reading
Canuc Resources Corp. (TSX.V: CDA)
Released preliminary results from a continuing work program on the San Javier silver-gold project. The San Javier project is located 125 kilometres southeast of Hermosillo in the prolific Sierra Madre silver belt of northwest Mexico.
Rock samples up to 2,859 g/t Ag at San Javier were collected. Continue reading
ZEN Graphene Solutions Ltd. (TSX.V: ZEN)
Report that after 5 months of optimization, it has developed a novel graphene-based virucidal ink with 99% effectiveness against COVID-19.
ZEN’s Virucidal ink was still 99% effective a minimum of 35 days after application to N95 mask material. Continue reading
Uranium Energy Corp. (NYSE: UEC)
Announced an underwritten public offering of units of the Company at a price of $1.20 per Unit, with each Unit being comprised of one common share of the Company and one‐half of one common share purchase warrant to raise gross proceeds of up to $8 million.
Each Warrant will entitle the holder to acquire one common share at a price per Warrant Share of $1.80 exercisable expiring 24 months from closing. Continue reading
Mining News – Sunday Roundup 20 Sept.
Argentina has introduced capital controls, so if you hold any mining stock with a project in the country, you need to be aware of this new development, and the danger it poses for companies operating there.
Copper is trading at its highest level since 2018, and iron ore has fallen 6% as supply increases from Brazil and Australia.
Gold and silver prices have become rangebound, and so have some of the companies that we follow. We await a catalyst to drive prices higher again.
Bardoc Gold (ASX: BDC)
Published an updated corporate presentation.
This includes the recent drill results as well as future plans for the DFS in 2021, and the current drill campaign to raise the resource number. Continue reading
Fosterville South Exploration (TSX.V: FSX)
Has intersected multiple intervals of high-grade gold in drill holes during the initial phase of core drilling at its Golden Mountain project in Victoria, Australia.
Highlight was drill hole GMDH36, which recorded 8.3 metres at 6.91 grams per tonne gold from 58.5 m, including 1.7 m at 30.72 grams per tonne gold. Continue reading
Minera Alamos Inc. (TSX.V: MAI)
Is continuing to review and compile the remaining historical drill data from the Cerro de Oro gold project in Zacatecas, Mexico (see news release dated Aug. 4, 2020 HERE).
The project is located less than three kilometres from the town of Melchor Ocampo and approximately 30 km from the district’s mining hub at Concepcion del Oro. Continue reading
Bardoc Gold Limited (ASX: BDC)
Announced the commencement of a major new 40,000 m exploration campaign aimed at unlocking significant new gold discoveries at its 100%-owned 3.02 M oz Bardoc Gold Project located 40 km north of Kalgoorlie in WA. Continue reading
Ascot Resources Ltd (TSX: AOT)
Announced the discovery of new high-grade gold mineralisation at the “Day Zone” at the Company’s Premier Gold Project.
The high-grade intercepts are located 300 m west from the planned underground development at Big Missouri, mineralisation is open along strike to the north and the south. The Day Zone is located on the Big Missouri Ridge, approximately 5 kilometres north of the Premier Mill. Continue reading
PDAC 2021 – Live show cancelled
It has just been announced that the PDAC 2021, the world’s largest mining trade show held annually in Toronto, has been cancelled, and will run virtually instead.
This is a huge decision, and made early, after the criticism of running the event this year, 2020, when delegates caught covid 19 at the show, including five from London, one of whom was on a ventilator at one point. Continue reading
Mining News – Sunday Roundup Sep 13th
Gold had a more positive week despite a slight rise in the US dollar index, rising $8, with silver up tad.
Once again nickel was the big winner, gaining %, week on week, on news of 15% supply being removed by two major mines being mothballed, and on anticipation of greater demand due to rising EV production. Continue reading
Cornish Metals Inc. (TSX-V: CUSN)
Reported the first batch of results from its diamond drilling programme at South Crofty Mine, Cornwall UK.
Drill results support the high-grade nature of the tin-copper mineralisation. Results have been received for two mineralised lode structures intersected in hole SDD20-001
