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.

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

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

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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

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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

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Lefroy Exploration (ASX: LEX)

Announced assay results from its diamond drilling program at Goodyear Nickel Deposit  have returned highly elevated nickel values in hole GYD040.

Assays for this interval have now been returned, with nickel values confirming visual observations including an interval of 1.2m @ 10.01% Ni from 287.71m.

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Lefroy Exploration – Burns RC drilling, August 2022

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Comment

Lefroy Exploration is a component of our early stage explorers tier 4 watchlist.

I like Lefroy because its projects are located in a prolific region of Western Australia close to other producing mines and exploration projects.

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LEFROY ASSAY RESULTS CONFIRM HIGH GRADE NICKEL SULPHIDES AT GOODYEAR

ASX ANNOUNCEMENT I 10 JANUARY 2024

Lefroy Exploration Limited (ASX:LEX)  (‘Lefroy’ or ‘the Company’) is pleased to announce assay results from its diamond drilling program at Goodyear Nickel Deposit (Goodyear) have returned highly elevated nickel values in hole GYD040.

Goodyear is held by Lefroy’s wholly owned nickel focused subsidiary Hampton Metals Ltd (Hampton or HMT).

The Company acquired Goodyear in May 2023 through a Mineral Rights Agreement for Location 45 between title holder Franco-Nevada Australia Pty Ltd (“Franco-Nevada”) and Lefroy’s wholly owned subsidiaries (refer to ASX release 23 May 2023).

Assays for this interval have now been returned, with nickel values confirming visual observations including an interval of 1.2m @ 10.01% Ni from 287.71m.

The Company is highly encouraged by the intersection, which supports historical intercepts and confirms that Goodyear is host to high-grade nickel sulphides accumulated at the base of the ultramafic unit.

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LEFROY EXPLORATION MANAGING DIRECTOR, WADE JOHNSON SAID:

“The high-grade nickel intersection in the first hole of the program is a very good start to our exploration campaign at Goodyear.

 

“The intersection in GYD040 is one of the highest grade intervals of nickel mineralisation known at Goodyear, with our first drillhole intersecting massive sulphides on target and as modelled.

 

“This further demonstrates and supports the quality of previous drill information.

 

“Our expectation is that the host ultramafic in Location 45 will provide the opportunity to expand beyond the current resource of almost 15kt Ni at Goodyear, and grow to become a new nickel district near the prolific Kambalda nickel camp.”

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To read the full news release, please click HERE

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Karora Resources (TSX: KRR)

Announced further significant results from gold exploration and infill drilling at the Beta Hunt and Spargos Mines.

Infill and extensional drilling targeting the Mason Zone delivered strong results extending the mineralized strike by 100 m to 800 m, providing confidence for a potential new deposit for future mining.

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Karora Reports Intersections Of 14.7 G/T Over 4.0 Metres And 12.2 G/T Over 6.0 M At Beta Hunt’s Mason Zone And The 140 Metre Extension Of Gold Mineralization At The Spargos Mine To A Depth Of 580 M

Karora Resources (TSX: KRR) 

Has appointed Tony Makuch to the board of directors and as the new chair of the board technical committee.

Karora also announced that Derek Humphry has joined the corporation in the position of chief financial officer.

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Karora appoints Makuch as director, Humphry as CFO

2023-08-17 07:31 ET – News Release

Mr. Paul Huet reports

KARORA RESOURCES ANNOUNCES THE APPOINTMENT OF TONY MAKUCH TO THE BOARD OF DIRECTORS AND DEREK HUMPHRY AS CHIEF FINANCIAL OFFICER

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Karora Resources Inc.(TSX: KRR)  has appointed Tony Makuch to the board of directors and as the new chair of the board technical committee.

Barry Dahl, Karora’s former chief financial officer, has announced his retirement after a long and distinguished career in the mining sector, culminating in 3.5 years as Karora’s chief financial officer. With Mr. Dahl’s well-deserved retirement, Karora is pleased to announce Derek Humphry has joined the corporation in the position of chief financial officer.

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Paul Andre Huet, chairman and chief executive officer, commented:

“After serving as a special adviser to the corporation since May, 2022, I am very pleased to welcome Tony Makuch to the Karora board of directors. We are not only very pleased to announce Tony as a board member, but as the chair of the board technical committee, which was vacated earlier this year.

 

“Tony’s willingness to increase his role with Karora is a strong endorsement of his belief in the ongoing growth of the company. Tony’s technical input over the past year has been immensely valuable as we have executed on our growth plan in Australia, evolving into a much larger gold producer.

 

“We welcome his experience and the benefit of the knowledge he brings from his extremely successful 35-plus-year career in mining, including his tenure leading Kirkland Lake Gold as CEO, from 2016 until its merger with Agnico in early 2022.

 

“Additionally, I am very pleased to welcome Derek Humphry to the Karora team as our chief financial officer. Derek is a great addition for us, bringing 20-plus years of experience and mining expertise across TSX and ASX listed companies, including both gold and nickel producers — a unique quality which directly translates to our growing operations.

 

“Derek is a chartered account and, prior to joining Karora, served as the CFO for Dacian Gold Ltd.”

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For brevity, this summary has been redacted, to read the full news release, please click HERE

Karora Resources (TSX: KRR)

Announced financial and operating results for the second quarter (“Q2 2023”) and first six months (“YTD 2023”) of 2023. 

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KARORA RESOURCES REPORTS RECORD PRODUCTION, SALES AND REVENUE, STRONG GROWTH IN EARNINGS AND CASH FLOW IN SECOND QUARTER 2023

Karora Resources  (TSX: KRR)

Announced additional significant results from gold exploration drilling targeting the Fletcher Zone at the Beta Hunt Mine.

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Karora Resources – Beta Hunt Mine Specimen Stone

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Karora Resources Reports New Fletcher South Infill Drill Program Results Building Confidence In Continuity Of Mineralization

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To read the full news release, please click HERE

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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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

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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.

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Disclosure

At the time of writing the author holds shares in Karora Resources

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Karora Resources (TSX: KRR)

Announced record quarterly consolidated gold production of 40,823 ounces for the second quarter of 2023 from its Beta Hunt and Higginsville mines in Western Australia. Gold sales were also a record at 42,172 ounces for the second quarter. 

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Karora Announces New Quarterly Gold Production Record Of 40,823 Ounces

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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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.

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Disclosure

At the time of writing the author holds shares in Karora Resources

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Karora Resources (TSX: KRR)

Announced financial and operating results for the first quarter of 2023.

Production of 39,827 ounces exceeded target levels and increased 45% from the first quarter of 2022.

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KARORA RESOURCES REPORTS RECORD PRODUCTION, IMPROVED OPERATING EARNINGS AND CASH FLOW IN FIRST QUARTER 2023

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Karora Resources  (TSX: KRR)

Announced unaudited financial and operating results for the Q4 2022 and full-year  2022.

Highlights are a record revenue of $96.8 million, (45% increase from Q4 2021); net earnings growth of 56% to $9.6 million ($0.06 per share); Operating cash flow increased 30% over Q3 to $36.5 million. 

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Gold in drill core from Beta Hunt mine, Western Australia.

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KARORA RESOURCES REPORTS RECORD REVENUE, STRONG EARNINGS GROWTH IN FOURTH QUARTER 2022

TORONTO, March 23, 2023 /CNW/ – Karora Resources Inc. (TSX: KRR) (“Karora” or the “Company”) today announced unaudited financial and operating results for the fourth quarter (“Q4 2022”) and full-year (“2022”) 2022. All dollar amounts are in Canadian dollars, unless otherwise noted.

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• SOLID FINANCIAL PERFORMANCE IN Q4 2022
  Record revenue of $96.8 million, 45% increase from Q4 2021; net earnings growth of 56% to $9.6 million ($0.06 per share); Operating cash flow increased 30% over Q3 to $36.5 million
• RECORD GOLD PRODUCTION AND SALES IN 2022
  133,887 ounces of gold produced in 2022, 19% increase from 2021 and in line with top end of 2022 guidance (120,000 – 135,000 ounces); Gold sales increased 16% to 132,098 ounces
• STRONG GROWTH IN ORE MINED AT BETA HUNT
  Record mine production at Beta Hunt in 2022, with 1.1 million tonnes mined, a 23% increase from 2021  

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Paul Andre Huet, Karora Chairman and CEO, commented:

“I am very pleased with Karora’s performance in 2022, including our solid results during the fourth quarter.

 

“For the year, we achieved record production driven by strong growth in mined tonnes at Beta Hunt and increased processing capacity. During the fourth quarter, we generated record revenue and gold sales as well as our best net earnings performance of the year.

 

“I am also proud of the way our team managed external factors in 2022 such as disruptions caused by record COVID-19 cases in Western Australia early in the year, sector-wide inflationary pressures and volatile commodity markets.

 

“Our unit costs showed marked improvement in the second half of 2022, which positioned us to achieve our guidance for AISC of US$1,100 – US$1,200 per ounce sold. 

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“We have refreshed our 2023 and 2024 production, cost and capex guidance to tighten up ranges and reflect the reality of inflationary cost pressures since we originally provided the guidance in mid-2021 alongside our original growth plan announcement.

 

“Since then, we have materially de-risked our growth plan with the addition of the 1.0 Mtpa Lakewood Mill in 3Q22 as well as the completion of the second decline at Beta Hunt ahead of schedule earlier this year.

 

“With these two critical components of our plan delivered, we remain on the path to ramp up production over 2023 and 2024 to deliver gold production growth into a range of 170,000 to 195,000 ounces at AISC of US$1,050 – US$1,200 per ounce sold by 2024.

 

“During 2022, we significantly advanced plans to grow our nickel business, with the release of our Nickel PEA outlining the potential to grow low-cost nickel production that delivers attractive returns, increased price leverage and higher nickel by-product credits to further improve our gold unit costs.

 

“We expect to ramp up nickel production meaningfully during 2H24 and 2025 once our development of the 50C/Gamma Zone is in place – enabled by the increased ventilation capacity to be installed during 2023.

 

“Exploration was another key area of success, with drilling at Beta Hunt resulting in new discoveries, major extensions of mineralization and, as recently announced, significant growth in gold Mineral Reserves and both gold and nickel Mineral Resources.”

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Karora will host a call/webcast on March 23, 2023 at 10:00 a.m. (Eastern Time) to discuss the unaudited fourth quarter and full year 2022 results. North American callers please dial:  1-888-204-4368, international callers please dial: (+1) 647-794-4605. For the webcast of this event click [here] (replay access information below).

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The Company’s audited financial statements and management’s discussion and analysis will be will be filed on SEDAR at www.sedar.com and posted to the Company’s website at www.karoraresources.com on Tuesday, March 28, 2023

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For brevity, this summary has been redacted, to read the full news release, please click HERE

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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

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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.

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Disclosure

At the time of writing the author holds shares in Karora Resources.

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Karora Resources (TSX: KRR)

Announced the Beta Hunt Nickel Measured and Indicated Mineral Resources increased by 8% to 21,100 nickel tonnes and Inferred Mineral Resources increased by 2% to 13,400 nickel tonnes, net of mining depletions.

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Beta Hunt plan Highlighting Mineralized zones targeted as part of 2023 exploration Drill Plan. Mineralized zones defined by +5 g/t Au drill intersections. (CNW Group/Karora Resources Inc.)

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Karora Announces An 8% Increase To The Beta Hunt Nickel Measured And Indicated Mineral Resource

Karora Resources Inc. (TSX: KRR)

Announced its Consolidated Gold Measured and Indicated Mineral Resource, net of depletions, has increased by 8% and the Consolidated Inferred Mineral Resources have increased by 43%.  […] 

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Karora Resources – Mining at Higginsville.

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Karora Announces Updated Consolidated Gold Mineral Resource Highlighted By Maiden Gold Resource For The Larkin Zone At Beta Hunt; Consolidated Mineral Resource Now Totals 2.71 Million Measured And Indicated Ounces And 1.21 Million Inferred Ounces.

 “We are very pleased to announce robust increases, net of mining depletion, to our Consolidated Gold Mineral Resource in the M&I category to over 2.7 million ounces and over 1.2 million ounces in the Inferred category.

“In particular, the addition of the maiden Mineral Resource for the Larkin Zone at Beta is exciting as it demonstrates how quickly we were able to move from the initial discovery of the zone announced in September 2020 (see Karora news release dated September 10, 2020) to the development of our first Mineral Resource of 119,000 ounces in the M&I category and a further 162,000 ounces in the Inferred category.

“The Larkin Zone has been delineated to a strike length of over 1,000 metres and a depth of 150 metres and remains open along strike and at depth providing significant potential for further expansion as our drill program at Beta Hunt continues.

“Our ability to rapidly convert new discoveries at Beta Hunt bodes well for future Mineral Resource updates as we continue to drill at our other recent discoveries at the mine – the Fletcher Shear Zone and the Gamma Block.

“Our success in expanding the Beta Hunt Mineral Resource is a critical component of our growth plan to increase production to our guided range of 185,000-205,000 ounces annually by 2024.

“Approximately 80% of our mill feed will come from our flagship Beta Hunt mine once operations are fully expanded to the schedule outlined in our growth plan.”

City Investors Circle Market Review for March 2022 published

The main focus is on critical commodities for the global supply chain that may be effected by the Ukraine war. Russia produces nickel sulphide, used for EV batteries.

The featured company is Cabral Gold, and companies commented on include Calidus Resources, Cornish Metals, Gold Road Resources, Karora Resources, Neometals, Newcore Gold, and O3 Mining. 

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Neometals Primobius JV official opening

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City Investors Circle Market Review for March 2022 published

To read the Market Review review please click here

The March Market Review featured an explanation of why the London Metal Exchange halted nickel trading, then would back the day’s trades, after they had been executed!

There is a general view of the current politics and the likely effects on commodities, and our lives. Times are changing.

We feature a review of Cabral Gold in the company spotlight.

We comment on companies on our watchlist that made news during the month.

We list our the latest commodity price and monthly movements in price.

We outline movements in the main market indices.

We feature the main crypto prices.

To read the Market Review please click here

To subscribe to our free monthly reviews and receive invitations to our events, please email andrew@city-investors-circle.com

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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.

.

Mining Review Market Update 27th March 2022

Another week of chaos in the world making markets very hard to predict.

Nickel continues to rise again as longs have a trapped short, the Chinese ‘Big Shot’ cornered, and sense some easy blood.

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Calidus Resources project panoramic vista

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City Investors Circle Mining Review Market Update 27th March 2022

Another week of chaos in the world making markets very hard to predict. Russian sanctions are increasing, and now some in the west are starting to realise that this will also hurt our economies in the short term too, and inflation is a stone cold certainty.

The main beneficiary seems to be the USA, with Europe now agreeing to buy a massive amount of LPG at a price much higher then the equivalent amount of gas would have cost purchased from Russia.

Nickel continues to rise again as longs have a trapped short, the Chinese ‘Big Shot’ cornered, and sense some easy blood.  Everyone knows the shorter has to close out his huge nickel short position, so they are driving the price up against him. JP Morgan are one of the banks on the hook for this trade.

The LME wound back nickel trades recently, and that will likely lead to legal action against the exchange in the future.

Mining news in general – UK listed companies in the news this week

Beowulf Mining received some good news, finally, from the Swedish government, with the award of the Kallak North Iron Ore Exploitation Concession, see here.

Ariana Resources announced an impressive agreement with Newmont for their projects within the Tethyan Gold Belt of Eastern Europe, covering Serbia, North Macedonia, Kosovo, Greece and other Balkan countries, for an initial $2.5 million  investment, see here.

Petropavlosk, the UK listed gold miner working in Russia had some bad news on Friday when the UK government sanctioned their bank in Russia, which provides their revolving credit facility, and they deliver their gold to. It is unclear whether this situation can be worked through, see here.

If not, Petropavlosk will be quickly in default of its loan terms to their Russian bank, and one wonders what will happen to their Russian mine in that event?

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Companies from our watchlist in the news this week.

Latrobe Magnesium Project Update

Calidus Resources reported Strong results from their drilling at Blue Spec, WA.

Silver Tiger Intersects 2,239 g/t Ag Eq Over 9.2 m

Los Cerros Reported Quinchia MRE of 2.6m Oz Gold

Calidus Resources New Presentation and Results

Orla Mining Commenced Near Mine Exploration

Los Cerros Ltd. – Trading Halt

Calidus Resources’ news from their Blue Spec property (70%)  is significant as they look to add extra resources to increase production from 100,000 Oz Au per annum to around 130,000 Oz Au PA.

These early stage results are from a previously undrilled and untested area east of Blue Spec.

Silver Tiger Metals continued to report very impressive drill results from their El Tigre historical producing mine project, as they expand out following the prolific Sooy Vein, which was lost by the previous miners.

9.2 meters grading 2,239.0 g/t silver equivalent from 36.6 m to 45.8 m is a very nice intercept, and at very shallow depth. I cannot wait for an updated resource calculation, as I feel it will be the catalyst for a rerate in the share price.

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Market Data (US Dollars)

Precious metals

Base metals

* I’m not sure the nickel price quoted here is accurate, it was taken from Kitco and another source, but with the LME and Shanghai recording large gains since trading resumed, I’m not sure the figure quoted is correct.

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Energy Metals

Uranium is slowly climbing as supplies from Russia and Kazakhstan may be in some doubt for the near future .

Bulk commodities

Coking coal was down on decreased iron ore production in China as the industrial regions are locked down, due to covid restrictions.

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Metal ETF’s

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Miscellaneous indices

A huge leap in the 10 year Treasury note this week, after the FED indicated rates would rise more quickly than previously thought.

Mining Review Sunday Update 20th March 2022

Nickel prices are back to normal, whatever that is, after a strange week where trading on the LME was interrupted several times, after deals were reversed earlier, ostensibly to bail out a horrendously underwater Chinese trader.

Gold remains above $1900 per ounce, despite interest rate rises this week being less than anticipated.

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Banyan Gold drill intercept, Yukon, Canada.

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City Investors Circle Mining Review Sunday Update 20th March 2022

Nickel prices are back to normal, whatever that is, after a strange week where trading on the LME was interrupted several times, after deals were reversed earlier, ostensibly to bail out a horrendously underwater Chinese trader.

Gold remains above $1900 per ounce, despite interest rate rises this week being less than anticipated.

What is becoming rapidly apparent is that commodity supply chains are seizing up, worse then they were before the Ukraine confrontation. Russia is a large supplier of refined copper, platinum, palladium, thermal coal, coking coal, and uranium.

Ukraine and Russia also supply a lot of the world’s wheat, around 40% of exportable wheat, and I sincerely doubt that supply can be replaced. In the short term it is difficult to see commodity prices falling much, one suspects they will rise strongly.

One way to play the commodity markets is via the Rogers Index funds for agriculture, energy, and metals. Another is to invest in the COPX ETF invested in our friend copper.

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General mining news

Las Bambas copper mine in Peru was blockaded by local residents, but that has now ceased and copper production has resumed.

City Investors Circle watchlist companies making news this week

Market Data (In US$)

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Precious metals 

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Base metals

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Energy metals

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Bulk commodities

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Metals ETF’s

The City Investors Mining Review is complete

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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.

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City Investors Circle Mining Review 13th March 2022

Metal prices were heavily influenced by the Ukrainian conflict, with nickel making the headlines due to the price rising to $100,000 on the LME, before the market was closed as trading was becoming irrational.

Thermal coal also rose strongly in price as countries such as Germany move to secure supply to possibly replace Russian gas. Uranium rose strongly as Russia supplies 16% of US uranium imports.

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Calidus Resources – Pirra Lithium outcropping at surface

“There are decades where nothing happens; and there are weeks where decades happen”

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City Investors Circle Mining Review 13th March 2022

Metal prices were heavily influenced by the Ukrainian conflict, with nickel making the headlines due to the price rising to $100,000 on the LME, before the market was closed on Tuesday, as trading was becoming irrational. It remained closed on Friday.

The LME then reversed the day’s nickel trades, to the consternation of some of the market participants. As a result, some hedge funds are leaving the market in protest.

In my opinion reversing the trades was a poor decision, as all traders are willing participants, so why do it?  The rumour is Chinese trader Xiang Guangda, known as ‘Big Shot‘, owner of Tsingshan, plans to continue to hold his 150,000t short position on the LME, despite Tsingshan’s losses which are in the region of $8-12bn!

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Thermal coal also rose strongly in price as countries such as Germany move to secure supply to possibly replace Russian gas. Coking coal, essential for steel making, rose to $472, which is over CAD$600.

Colonial Coal, which has both good quality coking coal, plus thermal coal, is looking a stronger bid prospect by the day, with FOB prices of around CAD$150 for their coking coal. This is a massive margin for what is traditionally a low margin high volume commodity.

Uranium rose strongly to US$60 lb, as Russia supplies 16% of US uranium imports. Biden is under pressure to not sanction uranium imports. UEC (NYSE) has a large stockpile of physical uranium, as has the Sprott Physical Uranium Trust.

Rhodium and cobalt are also catching a bid as supply concerns grow.

Mining Review – General Mining news

Chile’s new government took office, which should raise concerns for some mining investors with investment based there, as nationalisation is being talked about, as well as restricting water and seeking the permission of indigenous groups before mining will be permitted.

The government of Guinea has ordered that Rio Tinto stop all activities on their Simandou project. This is a high grade iron ore project. The government want a railway line to be built via an indirect route to a port in neighbouring Liberia, although the project lies close to Liberia, and a much shorter route is possible, and presumably a lot cheaper.

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Stocks on out watchlist in the news this week

  Cabral Gold Drilled More Bonanza Grades at MG

  Gold Road Issued an Updated Corporate Presentation

  Newcore Gold Makes Two Greenfield Discoveries at Enchi, Ghana

  Calidus Resources Lithium Prospect in East Pilbara

  Zentek Ltd. – Suspension of Coverage due to press accusations

  Metal Prices Soaring Driven by Supply Concerns

  Calidus Resources News – Trading Halt

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Market Data (In US$)

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Precious metals 

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Base Metals

*** The actual nickel price is difficult to determine due to the closure of nickel trading on the LME, and very restricted trading on the Shanghai Metals Exchange.

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Energy Metals

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Bulk commodities

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Metal ETF’s

The Mining Review for the 13th March is complete.

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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

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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.

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Metal Prices are exploding upwards

As the Ukraine situation continues to worsen, and yet more sanctions are heaped onto major supplier Russia. Metal prices are soaring, with gold trading over $2,000 intraday, and copper trading at over $5 lb.

Nickel, Aluminium alloy, and tin also recorded strong daily gains.

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Metal Prices are Soaring on Ukraine War and Consumers Scrambling to Ensure Supply.

As the Ukraine situation continues to worsen, and yet more sanctions are heaped onto major supplier Russia, metal prices are soaring, with copper trading at over $5 lb intraday today.

Gold briefly traded over $2,000 ounce, before settling just a fraction under at the end of NY trading, at $1997.73.   Silver actually FELL today, 1.32%

PGM’s had a mixed day, with Rhodium leading the charge, up 8.82%, but surprisingly, in my opinion, both Palladium and platinum  fell back, despite Russia being a major supplier of both metals.

Nickel, Aluminium alloy, and tin also recorded strong daily gains.

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Rebalancing my portfolio

With metal prices rising so strongly, in my view it makes little sense to hold onto promising exploration companies at an early stage, when producing companies are moving upwards strongly.

With that in mind I have sold three small exploration plays and added to my holding in Karora Resources (KRR.TO).

I chose Karora due to it being a low cost gold producer, that also has increasing nickel production, where nickel credits reduce the AISC of gold production to below $1,000.

Nickel production is due to increase this year, and the company have just made a new large nickel discovery at 50C.

I am looking to add a few more to my Minera Alamos holding as they ramp up into commercial production, in the hope that the Osisko overhang selling is complete.

I am reviewing the remainder of my portfolio to look for some funds to increase my holding in Calidus Resources, before gold production commences in June, if they remain on schedule.

I am holding a decent percentage of cash, I’m reluctant to invest it all in case the markets suffer a sharp reversal, as its always good to have some funds free to take advantage of any opportunities that may arise.

Please note the above is not investment advise, I am not qualified to give it. These are just my thoughts on my personal trades, based on my own  circumstances and  risk profile.

Always consult a financial professional.

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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.

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Disclosure

At the time of writing the author holds shares in Calidus Resources, Karora Resources, and Minera Alamos, all bought in the market at the prevailing price on the days of purchase.

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City Investors Circle Mining Review 6th March 2022

The war in Ukraine is causing price rises in most precious and base metals, as supply concerns dominate the markets.

Russia is a massive supplier of many critical metals, such as titanium alloy, nickel, platinum, palladium, and coal, and these metals are experiencing price rises as consumers scramble to secure supply.

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Karora Resources – Mining at Higginsville.

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City Investors Circle Mining Review 6th March 2022

The war in Ukraine is causing price rises in most precious and base metals, as supply concerns dominate the markets.

Russia is a massive supplier of many critical metals, such as titanium alloy, nickel, platinum, palladium, coking and thermal coal, and these metals are experiencing price rises as consumers scramble to secure supply.

Mining news this week

Sadly the sanctions imposed against Russia have caused massive losses for some innocent investors due to either being located in Russia or associated with Russia. The companies that spring to mind are Petropavlovsk, Eurasia Mining, and in particular, Polymetal.

I feel for those people that suddenly saw their hard earned money melting away due to being in the wrong company at the wrong time, nothing to do with their investment decision based on the analysis of the company.

Ironically the London Stock Market had been courting Russian companies to list before the Ukraine conflict erupted.

What we should focus on is that metal that is produced by Russia, and whether a shortage of that metal will effect the supply chain?

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Companies from our watchlist in the news this week..

Wiluna Mining Announces their first Concentrate to Russia

Eloro Resources Drilled  171.57 g Ag equivalent over 373m

O3 Mining Reported Marban Drill Intersects 5.1 g/t Au Over 5m

Karora Resources Reported High Grade Nickel intercepts at Beta Hunt

City Investors Circle Market Update February 2022 published, with stock reviews and metal prices updated.

Cartier Resources and O3 Mining signed a LOI for Chalice

Neometals Began Trading on the London AIM Market

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Market data (US$)

Precious metals

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Base metals

Nickel and copper rose on loss of Russian supply fears.

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Energy metals

Uranium rose on supply concerns as some of the largest producers, such as Kazakstan,  are in the Russian sphere or influence.

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Bulk commodities

Colonial Coal rose above its 200 DMA as the price of coking coal maintains these high levels.

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Metal ETF’s

Mining Review for March 6th 2022 is complete.

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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.

.

Karora Resources Inc. (TSX: KRR)

Announced that new nickel exploration results from the 50C nickel trough at Beta Hunt have extended the known strike length to over 200 metres (previously 150 metres).

The new results include drilling along strike of the 50C discovery and the parallel 10C nickel trough.  […]

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Karora Resources – Mining at Higginsville.

Karora Announces High Grade Nickel Drill Results Including 3.8% Over 10.9 Metres And 4.2% Over 3.0 Metres – 50C Nickel Zone Mineralized Strike Length Now Extended To Over 200 Metres

TORONTO, March 1, 2022 /CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce that new nickel exploration results from the 50C nickel trough at Beta Hunt have extended the known strike length to over 200 metres (previously 150 metres, see Karora news release dated October 8, 2021).

The new results include drilling along strike of the 50C discovery and the parallel 10C nickel trough.

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Karora Resources management comments

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For brevity, this summary has been redacted, to read the full news release, please click HERE

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Disclosure

At the time of writing the author holds shares in Karora Resources, bought in the market at the prevailing price on the day of purchase.