Hallgarten + Company

Alphamin Resources Corp (AFMJF) Hallgarten + Company Christopher Ecclestone

In the first half of October, we took our long-delayed trip to inspect Alphamin Resources Corp (AFMJF)'s Bisie Mine in the #DRC with a group of investors and analysts. Bisie is arguably the largest underground #Tin mine in the world with the highest grades of any major mine. The mine is just hitting its and even without tailings reworking (or further grinding) it is at a 20,000 tpa run-rate and could even be at 25,000 tpa in the relative short-term. We relate our trip to the mine and some insights we picked up on the way and at site. If anything, the trip proved the correctness of the current strategy and left observers impressed by the ability of management to create such a complex considering the challenges arising from the location. https://lnkd.in/egEBQ_8i

#research #elections #usa #criticaminerals Hallgarten + Company Christopher Ecclestone

We have published our Monthly Review for October as the Western economies wait expectantly for the US election outcome. Rather than wait, energy traders are pushing into the base metals space and may yet come to grief. We look at frustrating developments for China in #lithium in #Argentina, at COBRE LIMITED's PEA, at Metals X Limited bid to oust its Chinese partner (maybe) and at Aura Minerals Inc's bid for a mine in #Guatemala. Finally, we pay a visit to Zombieville, the deadzone of the #TSX-v, where the undead go to wash, rinse & repeat. https://lnkd.in/evTf335T

We have published a review of the Heavy Mineral Sands space which, despite being enormous, flies beneath the radars on many mining investors. While seemingly a calm space, without precipitous price moves in the commodities (#titanium & #zircon), there is a lot of manoeuvring going on by major players and #M&A (and other deal-doing) is picking up the pace. Its a space where the Chinese are major players, but are dependent almost exclusively for their non-domestic sources upon foreign companies, rather than owning assets overseas themselves. We include a case study on Sheffield Resources Ltd, where we look at its travails and triumphs in its first year of production at the Thunderbird mine in WA. #mineralsands https://lnkd.in/eiKBTFuq

We have published a review of the Heavy Mineral Sands space which, despite being enormous, flies beneath the radars on many mining investors. While seemingly a calm space, without precipitous price moves in the commodities (#titanium & #zircon), there is a lot of manoeuvring going on by major players and M&A (and other deal-doing) is picking up the pace. Its a space where the Chinese are major players, but are dependent almost exclusively for their non-domestic sources upon foreign companies, rather than owning assets overseas themselves. We include a case study on Sheffield Resources Ltd, where we look at its travails and triumphs in its first year of production at the Thunderbird mine in WA. #mineralsands https://lnkd.in/e_eH-yyZ

Macron's revenge? This seeming retreat by the Chinese from one of the major #Lithium projects in #Argentina has more to it than meets the eye. Apparently, #France had never been happy that the Fernandez regime marriage-brokered the original deal with the Chinese. Now they are out, in a major loss of ground for #China in the salar space, particularly as this mine is one of the major producers in the world. Eramet https://lnkd.in/eTxJiPW7

We have initiated coverage on 5E Advanced Materials, Inc.  (NASDAQ: FEAM | ASX: 5EA), a putative #boron challenger in California's Mojave desert. It had initially looked like the worst was behind it after a bad 2023 with build-out issues and a financial crunch. Now, just as the pilot plant gets going, the pressure is increased by the still-sizeable debt, strongly negative cashflows and the revolving door in the C-Suite. Has 5E exited the wilderness or is it destined to roam there forever? https://lnkd.in/gJPm9Q6t

Thanks to Kitco Metals Inc.Kitco NEWS and #Digging Deep with Paul Harris. Our CEO & Principal Christopher Ecclestone discussed amongst other topics the recent trip to Alphamin Resources Corp (AFMJF) #tin mining project in the #DRC that produces 7% of the #tin in the world and #gold prices For the full interview, follow the link below Hallgarten + Company #mining #preciousmetals #metals #gold https://lnkd.in/efGMtEYS

We have initiated coverage on #Aurum Resources (ASX: AUE) a #gold explorer focussed on the #Ivory Coast in West Africa, which is already making waves with its drill results and now an agreed merger with close neighbour, #Mako Gold (ASX: MKG) announced in recent days. The new management arrived in early 2024 and brings together the same team that built the Abujar mine at Tietto Minerals Ltd (ASX:TIE) Minerals, before it was sold off to Chinese interests. In this Initiation, we look at the portfolio of Aurum pre-deal, the details of the transaction and progress with drilling. We also look at the company's successful strategy of owning its own rigs to ensure lower drilling costs and full availability.  https://lnkd.in/eXxVtTcb