City Investors Circle Mining Review 29th Aug 2021

City Investors Circle Mining Review 29th Aug 2021

The market focus for gold this week was always going to be the Jackson’s Hole meeting, where “to taper or not to taper” was the question.

Well after all the excitement it was a damp squib, and the can was kicked down the road until September!   Gold rose, and US stocks soared to new all time highs on the news.

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Kootenay Silver to Spin Out Canadian Assets

Kootenay Silver Inc. (TSX.V: KTN)

Announced that its board of directors has unanimously approved a spin-out of 80% of the Company’s Canadian exploration assets to its shareholders, by way of a share capital reorganization effected through a statutory plan of arrangement.

The Canadian Assets are held through Kootenay’s wholly-owned subsidiary, Kootenay Resources Inc. Continue reading

Neometals Primobius Fast Track Battery Recycling

Neometals Ltd (ASX: NMT)

Announced the approval by the shareholders of Primobius GmbH, the JV company owned 50:50 by Neometals and SMS group GmbH ,to fund the fast-track commercialisation of commercial lithium-ion battery recycling operations.

Primobius’ intends to expand the current demonstration plant in Hilchenbach, Germany, and build up operational capacity to provide a 10tpd processing facility. Continue reading

Boab Metals strategic road nears completion

Boab Metals Limited (ASX: BML)

Reported that an upgrade to the Moonamang Road, a key piece of infrastructure traversing the Company’s Sorby Hills Lead-Silver-Zinc Project, is nearing completion.

This compliments the upgrade the Keep River Plains Road, thus providing a continuous sealed road between Sorby Hills and the recently acquired Manbarrum Zinc-Lead-Silver Project. Continue reading

Mining Review Sunday Update 15th August 2021

Mining Review Sunday Update 15th August 2021

The City Investors Circle Mining Review for Sunday 15th August includes comments on what caused the gold ‘flash crash’ last Sunday evening, and why the price of lithium is rising.

Companies mentioned include Albermarle, Ascot Resources, Bardoc Gold, Colonial Coal, Fosterville South Exploration, and Los Cerros. Continue reading

Fosterville South drills 11 m of 31.34 g/t Au

Fosterville South Exploration (TSX.V: FSX)

Initial drilling at the Reedy Creek goldfield within the Providence project in Victoria, Australia, has returned high-grade gold assays during reconnaissance reverse circulation drilling of a previously undrilled geochemical anomaly located within one of two ridge targets recently identified by the company.

The highlight was 11 m of 31.34 g/t Au at Providence. Continue reading