Aurumin Limited (ASX: AUN)’s Post

Keep an eye on the diamond mining sector as we seem to be in a period in which mines are struggling and operators are pulling back. We know about Anglo American's plans to divest from De Beers Group, but we also learned that Lucapa Diamond Company Ltd is looking to divest from the Mothae mine in Lesotho, and recently Stornoway Diamonds announced the closure of the Renard mine in Canada. We know also that the alluvial miners along the Orange River in South Africa are under tremendous pressure, with several already halting operations. So, what’s going on? The bottom line is that these operations cannot be sustained in a prolonged weak market, especially if they’re the only asset in a company’s portfolio with relatively low production. Diamond miners are under pressure. What does that say about the diamond market? And what’s the remedy? My latest video explores...

Gladiator Metals (TSXV:GLAD) Discovers Extensive Unmined Copper-Gold Resources at Historic Little Chief Mine Site https://lnkd.in/efyVkJX3

“A pivotal transaction for the company and that of green steel for South Australia”, Tim Dobson. I am struck by the lethargy in the mining industry to those companies that are the future of the steel industry. As Altius Minerals highlighted last week from a Wood McKenzie research, this is happening now….29% of steelmaking is already processed through Electric Arc Furnances, this requires the type iron ore Magnetite will develop. This is forecast to grow to 60% in just 10 years. The JFE Shoji transaction underlines this momentum. Combined with the Magnetites management experience of delivering development projects, I couldn’t agree more about a pivotal moment! https://lnkd.in/dWHQTHep

https://lnkd.in/ddF-Gsyi Time is shining, Rio Tinto. Copper and lithium instead of diamond... İt is a good time and good strategy for both green economy transition and relative price return advantages (horizontal investment). Gold, iron ore price have shifted return advantage to equity prices (proxy for world production and services) also during approximately seven months. I follow Rio Tinto steps.

STRICKLAND METALS LIMITED (ASX:STK) has announced a groundbreaking discovery at its 100%-owned Rogozna Gold and Base Metals Project in Serbia. The first hole drilled at the Shanac deposit has yielded the strongest gold mineralisation ever encountered at the site, with an impressive intercept of 89.7 meters grading 4.0 grams per tonne (g/t) gold (Au), including a high-grade section of 24.1 meters at 10.5 g/t Au. Managing Director Paul L’Herpiniere, said, “These results from the first hole drilled by Strickland at Shanac this year are phenomenal! Our strategy for Shanac has been to target the higher-grade zones of the deposit to upgrade the 4.6Moz Au Eq inferred resource. Not only did we discover the highest gold grades ever encountered at the Rogozna Project, but we also encountered extensive copper-gold mineralisation further down the hole, with an ~109m long interval containing 1.3g/t Au with 0.4% Cu, including multiple zones of massive chalcopyrite, with assays up to 11% Cu.” JP Equity Partners Jason Skinner #StricklandMetals #STK #Gold #Discovery #Serbia https://bit.ly/3LRXM37

Aurumin Limited Strikes Gold and Iron: Unexpected Discovery at Central Sandstone Project (ASX: AUN) Brad Valiukas, Managing Director, expressed enthusiasm about the find: “These are great results and represent a real discovery. There is a 6km strike of banded iron outcrops with potential widths of 5 to 40m requiring further exploration. First pass rock chip sampling returned numerous high-grade DSO quality results, with a peak of 67% and represent an exciting complementary opportunity at Central Sandstone.” “Full credit to the team for identifying and working up this opportunity. This potential has been walked over by generations of operators, and we are delighted to bring it forward. Sandstone is already on the haulage route for iron ore producers to the Geraldton Port.” “Aurumin’s focus is firmly on Sandstone and generating the critical mass required for future production. The close proximity of the iron ore to some of our gold deposits, not to mention the potential value of the iron ore itself, could significantly alter the project economics. We are already spoilt for targets and this adds a big one into the mix.” Read our article below: https://lnkd.in/gdGvTPJq #gold #ironore #mining #geology #stocks #aun #asx

This is a good summary of the global cobalt market and the need for more US based cobalt mines. It was great to see Jervois Global mentioned and hopefully they can start up operations soon with either increasing prices or more domestic support. https://lnkd.in/gbq_m8-R

Prismo Metals Inc. CSE: PRIZ OTCQB: PMOMF FSE: 7KU Precious Metals Exploration in Mexico & Arizona. The Hot Breccia Project is located in the heart of the great Arizona Copper Belt, USA, adjacent to Christmas Mine and Hayden Smelter. The project is approximately 90 minute drive from both Phoenix and Tucson. It is believed that the Hot Breccia property may contain high-grade skarn mineralization similar to that originally mined at the Christmas mine, and the historical information is being used by Prismo solely to plan and guide future exploration. At a Glance Shares Issued 40,568,980 | Market Cap 9,534,000 Year High 0.37 | Year Low 0.12 | Today 0.235 For more information: Alain Lambert, CEO Steve Robertson, President Craig Gibson, CXO Deutsche Goldmesse- Day 1- May 3, 2024- Alain Lambert, CEO, and Steve Robertson, President, at Prismo Metals Inc. (CSE: PRIZ), join us in Frankfurt to discuss their precious metals exploration projects in Mexico and Arizona. #PRECIOUSMETALS #MINING #DGM Find more information at: www.prismometals.com UPCOMING EVENTS Deutsche Goldmesse Fall 2024 November 21 & 22, 2024 Frankfurt, Germany www.deutschegoldmesse.com

Amidst our ongoing Drill Program at the Wedge Project, let's revisit a clip providing insight into the project's caliber. In this video, CEO Patrick Cruickshank guides you through the historic Cominco Mine, located within the Wedge project area. Notably, the Cominco Mine boasted a production of 1.503MT of ore with grades of 2.88% Cu, 0.65% Pb, 1.81% Zn, and 20.6 g/t Ag between 1962 and 1968. The A-Frame collapse in '68 halted mining activities, however considerable resources are believed to remain untapped. Coupled with advancements in extraction technology and the growing demand for critical minerals, the Wedge holds substantial potential value. Take a virtual tour of what was left behind all those years ago, and learn why we believe there could be much more to come: https://lnkd.in/giz4tgS7 #WedgeProject #Mining #Exploration #ResourceExtraction #MineralIndustry #Geology #DrillingProgram #ComincoMine #MineralResources #Technology #Innovation #CriticalMinerals

via StockHound Catalyst Metals has released a comprehensive update on the Mineral Resources and Ore Reserves for the Plutonic #Gold Belt, including the Plutonic and Trident deposits. This marks a pivotal moment in the company’s strategy, significantly altering the previously held estimates and setting a new trajectory for the region’s gold production. According to the latest figures, the Plutonic Main deposit boasts Mineral Resources of 17.9Mt at 2.9g/t Au, totalling 1,654,000 ounces, and Ore Reserves of 5.2Mt at the same grade, approximating 490,000 ounces. Shifting focus to Trident, we see a resource estimation of 4.2Mt at 3.7g/t Au, aggregating to 508,000 ounces. Notably, this marks a 24% increase in resources, albeit with a reduced grade from previous Vango estimates. Learn more: https://loom.ly/h2fpgMI #CYL #CatalystMetals #ASX