City Investors Circle

The Market Review for January 2024 has been published, featuring the severe drop in prices of Lithium and other battery metals and possible reasons why.

O3 Mining is the featured company, and there are significant  news snippets from our watchlist companies.

/

New construction taking place at Cornish Metals’ South Crofty Mine in Cornwall.

.

City Investors Circle Market review for January 2024 has been published.

.

The Market Review for January 2024  has been published, featuring the severe drop in prices of Lithium and other battery metals, and possible reasons why.

O3 Mining is the featured company, and there are significant  news snippets from our watchlist companies, Colonial Coal, G Mining Ventures, and Orla Mining.

We have added Angus Gold to our Tier 4 early stage exploration company watchlist due to the proximity to other producing gold mines in Val D’Or, and the impressive shareholder register for a junior.

Select news snippets of significance included news from Calidus resources, Cornish Metals, i-80 Gold, and Karora Resources.

To read the Market Review for January 2024 please click HERE

.

To subscribe to our free monthly newsletter and to receive invotations to our free to attend company preentations, please email andrew@city-investors-circle.com

.

=======

.

Cyprium Metals Limited (ASX: CYM)

Reported the results of the first round of assays that have been received from the 2021 Reverse Circulation (“RC”) drilling campaign at the Maroochydore Copper – Cobalt Project.

Near-surface oxide copper/cobalt mineralisation extended to 3km long, up to 500 m wide, and 100m thick.   […] 

.

.

Cyprium Metals Maroochydore Copper – Cobalt Project Initial RC Drilling Results

Cyprium Metals Limited  (ASX: CYM) (“CYM”, “Cyprium” or “the Company”) is pleased to report the results of the first round of assays that have been received from the 2021 Reverse Circulation (“RC”) drilling campaign at the Maroochydore Copper – Cobalt Project

• Near-surface oxide copper/cobalt mineralisation extended to 3000m long, up to 500m wide and up to 100m thick

.

HIGHLIGHTS

• Drilling further extends massive Maroochydore copper – cobalt resource potential

• Near-surface oxide copper/cobalt mineralisation extended to 3000m long, up to 500m wide and up to 100m thick

• Sulphide copper – cobalt mineralisation 2,500m long (still open), up to 500m wide and up to 50m deep (still open)

.

Significant results include:

• 11m @ 2.27% Cu & 429 ppm Co from 65m in 21MDRC015, including:
  • 8m @ 2.95% Cu Ag & 555 ppm Co from 65m, and;
• 20m @ 0.72% Cu & 38 ppm Co from 78m, including:
  • 5m @ 1.99% Cu & 30 ppm Co from 82m
• 20m @ 0.86% Cu & 609 ppm Co from 41m in 21MDRC016, including:
  • 9m @ 1.25% Cu & 775 ppm Co from 44m
• 5m @ 1.68% Cu & 678 ppm Co from 34m in 21MDRC017
• 17m @ 0.84% Cu & 462 ppm Co from 56m in 21MDRC011, including:
  • 11m @ 1.13% Cu & 570 ppm Co from 58m
• 13m @ 0.85% Cu & 429 ppm Co from 50m in 21MDRC012, including:
  • 9m @ 1.10 % Cu & 303 ppm Co from 51m
• 41m @ 0.45% Cu & 263 ppm Co from 79m in 21MDRC018, including:
  • 9m @ 0.95% Cu & 284 ppm Co from 108m
• 23m @ 0.58% Cu & 261 ppm Co from 25m in 21MDWB02, including:
  • 14m @ 0.81% Cu & 366 ppm Co from 34m

.

Cyprium Metals management comments

“When I was at Maroochydore last year, I was absolutely blown away by the physical footprint of this shallow copper cobalt deposit, which is more than 3 kilometres in length and still open.

“Maroochydore is a very exciting project and we are pleased to announce the results of our first round of RC drilling. These results reinforce the quality of this large copper-cobalt deposit. In addition, this drilling has increased the oxide-supergene resource potential further to the east.

 

“The presence of fresh sulphide mineralisation at the base of hole 21MDRC018 is highly encouraging and demonstrates potential to expand the sulphide resource further along strike. We look forward to the next round of assay results, targeting areas northwest along strike.”

City Investors Circle Mining Review 23rd January 2022

Gold had a good week as the markets wobbled quite substantially, especially the tech laden NASDAQ index, a long overdue shake out surely?

Copper, nickel, tin, cobalt, and lithium are all looking strong as the anticipated demand for these battery metals forces up prices. The UK has just announced a gigafactory will be built.

.

Lefroy Exploration drill crew, Western Australia

.

City Investors Circle Mining Review 23rd January 2022

Gold had a good week as the markets wobbled quite substantially, especially the tech laden NASDAQ index, a long overdue shake out surely?

All the energy metals, Copper, nickel, tin, cobalt, and lithium are all looking strong as the demand for these battery metals forces up prices.

Lithium is reaching new highs every week at the moment and one wonders how sustainable that, is? Still, if the demand is there, and there are currently no commercially proven substitutes to the Li-ion battery, lithium will remain in strong demand.

The UK has just announced a gigafactory will be built in Northumberland, assisting an area of high unemployment.  This of course will increase the demand for lithium and other battery metals even further.

It’s also maybe a sign of a beleaguered government looking for brownie points as they seem to be losing the ‘red wall’?   Or am I too cynical?

There has been a lot of newsflow from the mining companies since the start of the year, as news is released into the buying season after the end of year tax loss selling in Canada. Sadly many share prices are still falling, despite gold now around the US$1835 mark, after being much lower recently.

I do wonder how much further the junior miners can fall given the recent increases in both precious and industrial metal prices? The whole sector seems forgotten and unloved, surely that has to change soon?

.

Stocks on our watchlist in the news

Eloro Resources Restarts Drilling at Iska Iska

Cartier Resources reports 27.4 gpt Au over 8m

Calidus Resources – New Lithium Exploration JV

Lithium Power to Demerge Its Australian Assets

Westhaven Gold Initial Mineral Resource Estimate

Tinka Resources Increases Copper Gold Discovery

PDAC 2022 has been moved to June 2022

.

Market Data

(All in US$)

Precious metals

.

Industrial metals

Nickel rose on concerns about Indonesian supply.

.

Energy Metals

A huge jump for lithium, and another all time high, driven by Chinese demand.

.

Bulk Commodities

Coking coal rose strongly following more shortages as some Australian mines were effected by wet weather, and some flooding in British Columbia after a severe weather event.

.

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

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 Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

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.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

Disclosure

At the time of writing the author holds shares in Calidus Resources, Colonial Coal, and Eloro Resources.

.

.