Discovery Group’s Post

Were pleased to provide an update on our proposed acquisition of the Amer Lake #uranium project in Nunavut, #Canada as announced to the ASX on 28 March 2024. Highlights 🔹Terra Uranium has now received assay results from sampling during the recent field visit to the Amer Lake project on 27 June 2024. 🔹Surface Boulder sample in the Horned Lake area sample assayed 7,950 ppm U (0.94% U₃O₈). 🔹 A 2nd sample in the Main Zone resource area returned high grade mineralisation with an assay of 1,510 ppm U (0.18% U₃O₈). 🔹 Due to the strong results, the company is looking forward to undertaking an extensive follow up field program, including soils and rocks, leading to drilling. 🔹 The company is also pleased to report that Assessment reporting is now complete and submitted to the Nunavut Mining Recorder for processing which is anticipated to extend the mineral claims expiry by at least 5 – 7 years. Extension of the mineral claims is required by Terra Uranium as a condition to closing under the Amer Lake acquisition agreement. 🔹 The Amer Lake claims contain a foreign non-JORC compliant resource estimate of 17,827,000 tonnes averaging 380 ppm U₃O₈, containing 15.3 million pounds U₃O₈ using a cutoff grade of 100ppm, reported in 2012 under with the Canadian National Instrument (NI) 43-101. 🔹 The mineralisation at Amer Lake is of the sandstone-hosted type, similar to large, near surface deposits in the USA, Central Asia, Australia and Africa amenable to bulk mining. 🔹Amer Lake is situated approximately 20 km north of the operational Amaruq gold project, which hosts extensive infrastructure, including trafficable roads with access to Baker Lake. Terra Uranium Executive Chairman, Andrew J Vigar commented, “The results from the recent field work confirm the tenor of the mineralisation and that the current defined resource is a small part of a much larger system. This is a truly game-changing acquisition for Terra, as it gives us real ‘pounds in the ground’ with potential for higher grades and extensions.” Read more here: https://lnkd.in/gCS3ytFW #T92 #TerraUranium #acquisition #ASXNews

When it comes to the amount of time that it takes for mines to get up and running, Canada ranks 14th out of 18 countries studied. On average, it takes 18 years to get a mine operational in Canada. The average lead time for mines, from discovery to production, has increased significantly over the years, with mines starting up in 2020-2023 taking 17.9 years compared to 12.7 years for those beginning 15 years ago. Read more in the S&P Global Market Intelligence 👇 https://lnkd.in/gYNF5qyH #mining #bcmining #economy

18 years. That's how long it takes to open a new mine these days, according to a report by S&P Global Market Intelligence This is a significant increase from previous years (The average lead time for mines from 2005 to 2009 was 12.7 years), and it's due to a number of factors, including longer permitting times and financing difficulties. Moreover, the article highlights that nickel mines take the longest to get up and running, with an average lead time of over 20 years. Why this is important? Well, this is a major concern for the future of the battery metals market, as nickel is a key component of electric vehicle batteries. What are your thoughts on this trend? #mining #sustainability #batterymetals 

Canadian 🇨🇦 Mining ⛏️ News Canada Nickel Company (TSX-V: CNC) Achieves Initial Metallurgical Success at Mann Northwest Property Highlights ➡️First two metallurgical tests at Mann deliver strong recovery and concentrate quality: 🔹Overall nickel recoveries of 58% and 59%. 🔹Nickel and magnetite concentrate grades in line with expectations. Mark Selby, CEO of Canada Nickel, said “We are very pleased by the first tests at Mann Northwest which achieved overall nickel recoveries of 58% and 59% and achieved expected nickel and iron concentrate grades. These initial results at Mann Northwest, along with our earlier success achieved at Reid using the standard flowsheet developed for Crawford, demonstrate the potential to leverage our development work at Crawford across the portfolio of targets throughout the Timmins Nickel District.“ Canada Nickel is in the process of completing the earn-in of an 80% interest in the Mann property, with the remaining 20% owned by Noble Mineral Exploration Inc., located 22 km east of Crawford, 20 km south of Cochrane, and 45 km northeast of Timmins, covering the Mann Township. Within the property, there are three large ultramafic bodies, each of which has a target geophysical footprint larger than the 1.6 km2 footprint of Crawford. Mann Northwest has a target footprint of 6.0 km2; Mann Central is 3.1 km2, and Mann Southeast is 4.1 km2. To support the on-going exploration efforts at the Mann property, metallurgical test work has been initiated. Vance White President and CEO of Noble Mineral Exploration (TSX-V: NOB) commenting on the exercise of the option and test results said, “We are very pleased for Canada Nickel is exercising its 80% interest rights in the Mann Project, and also pleased with the metallurgical results achieved in these recent tests. We very much look forward to seeing how the project is to be advanced ” 📈TSX-V: CNC - OTCQX: CNIKF📈 📈TSX-V: NOB - OTCQX: NLPXF - FRA: NB7📈 #NetZeroMetals #Nickel #Mining #Exploration #Canada #Nickelmining #Basemetals #CriticalMinerals #BatteryMetals #Miningstocks #Nickelstocks #Stockstowatch #Smallcapstocks #Stockmarketinvesting #Investments #Investors #Nickelinvestment #TSXV #Stocks #Resource #Investing #Juniormining #EV #Greentech #Carboncapture #IPT #carbocredits For more information follow the link https://lnkd.in/gT3kF8cr

𝐌𝐢𝐧𝐢𝐧𝐠 𝐁.𝐂'𝐬 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 👷♂️💰 “Contrary to the data compiled by PwC, Association for Mineral Exploration (AME) CEO Keerit Jutla said investments in exploration have actually declined from $996.8 million in 2022 to $764.6 million in 2023. A fact sheet by the mines ministry stated a slightly lower number for exploration at $643.5 million in 2023 but agreed that exploration expenditures fell from their 2022 high. Industry groups have previously warned that while there are 17 proposed critical mineral mines in B.C., delays in getting them approved could lead to companies focusing on countries with smaller regulatory burdens such as China and Russia. They are also concerned about the lack of new funding in B.C.’s long-awaited critical minerals strategy, which was released in January, and the NDP’s reluctance to include industry in consultations on the new Mineral Tenure Act currently under development. Jutla says he is “hopeful” the province is listening to the sector’s concerns but reiterated that everyone with a stake in the mining sector — government, First Nations and industry — needs to get onside to develop a regulatory framework. “The World Bank predicts a 500 per cent increase in critical mineral production by 2050 to meet clean energy demands,” he said. “So this means that we can't just rely on the mines that we have, or even the mines in the queue, we're going to have to find more deposits.” A request to talk with the authors of the PwC report was not returned by press time.” 🔗 https://lnkd.in/gz-tMuNt 🔗 https://lnkd.in/gCAk5vec #MiningBC #MineralExploration #CriticalMinerals #MiningInvestment #CleanEnergyDemands #RegulatoryFramework AME - Association for Mineral Exploration Mining Association of BC

Aston Bay: Discovering high-grade copper and gold in North America Aston Bay is advancing high-grade copper in Nunavut and gold in Virginia. Aston Bay (TSX.V: BAY, OTCQB: ATBHF) is an exploration company focused on discovering high-grade copper, zinc, cobalt, and gold in North America. Aston Bay makes the energy metal discoveries that the mining industry then takes to the next stage. Aston Bay is exploring two very different geographical regions, Nunavut in Canada and the state of Virginia in the US. Both are Tier 1 jurisdictions, and Aston Bay has made exciting discoveries in both areas. Storm Copper: High-grade copper advancing toward production At the Storm Copper project in Nunavut, Aston Bay has partnered with ASX-listed American West Metals (ASX: AW1) and has undertaken an aggressive reverse circulation (RC) drilling to delineate high-grade near-surface copper resources to support the potential development of a low-impact, small-footprint ore-sorting type of mining operation. Thomas Ullrich CEO Aston Bay https://lnkd.in/ek7dyUT7 #mining #miningindustry #batterymetals #northamerica #criticalrawmaterials

Let's get mining! There's a ton of opportunity for the BC Mining industry to help close the gap between the metals needed to fuel further electrification, and the lack of new mines to produce these desperately needed metals. #mine4thefuture #mining #miningindustry #criticalminerals #wearemorgan

Mars on Earth: Parys Mountain Copper Mine, Anglesey. A short story…. 1564 - Queen Elizabeth grants patent for copper ore mining; Mines Royal formed in 1568. 1693 - Royal assent removes Crown ownership of mines containing Silver or Gold. 1761 - Prospecting in Anglesey, initial exploration at Parys Mountain. 1768 - Successful exploration, Mona mine opened; legal disputes arise. 1774 - Parys Mine Company formed by Thomas Williams. 1787-1792 - Thomas Williams gains control of Anglesey and Cornwall copper production. 1802 - Thomas Williams dies, production drops by 1808. 1811 - Control passes to Lord Uxbridge; influx of Cornish workers. 1829 - Mona mine raises 16,400 tonnes of ore; copper demand drops by 1830. 1840 - Copper vein discovery improves conditions; strikes and struggles in the mid-1800s. 1866 - Mona mine leased to Thomas Fanning Evans and John Wynne Paynter. 1885 - Mona Mines Ltd merged with Parys Mine to form Mona and Parys Mines Ltd. 1899 - Formation of Mona and Parys Mines Ltd; activity focused on precipitation and ochre works. 1921 - Receiver called in; companies house informed in 1928 of private company control. 1962 - Anglesey Copper Mines (UK) Ltd exploration concludes; boreholes drilled. 1973 - Discovery of high-grade polymetallic ore deposit by Cominco Ltd. 1988 - Morris shaft sunk by Anglesey Mining Company; experimental processing plant built. 2008 - Negotiations with Western Metals of Australia; development stalled due to economic recession. 2015 - Scoping study suggests steady downward decline for mine development. 2018 - Second study suggests recommissioning Morris shaft for quicker material development.   Also thank you to Edward Martindale, past London AAPG YP President, for the company on this one! Smooth dancing, I must say! ________________________________ I am not sure where this frivolous North Wales drone series is heading, but prior videos can be found below: Hydroelectric power & The Energy Transition - https://lnkd.in/efrxuj69 The beginnings of a slate powerhouse - https://lnkd.in/eqAsg8QG Mountain Lake of Snowdonia - https://lnkd.in/dDFXGtTW Before the rise of geoscience consultancies in N. Wales - https://lnkd.in/dzAkBSfm ________________________________ Those who are just coming across my profile, I generally post about 3 things: -Integrated biostratigraphy and how they optimise projects, reducing subsurface uncertainty, leading to cost saving. -AAPG activities, to help build a positive image for the energy industry. -Drone videos of my hikes, showcasing the rich history of North Wales. I hope you enjoy!

“Building 14 new mineral mines and extending two others could be a 'generational opportunity' for the province and make it 'a leading global supplier of responsibly-produced critical minerals.' But Michael Goehring, MABC’s president, said the BC government would have to back the plans to make them a reality. 'The realization of benefits from these critical mineral projects is dependent on BC having competitive fiscal and regulatory policies that will attract the investment necessary to grow and sustain the sector.'" https://lnkd.in/gv59Dhaj #bcpoli #cdnpoli #bcmining #mining #criticalminerals #competitiveness #bceconomy

#ASXNews Substantial Uplift to Gillett Mineral Resource Widgie Nickel Limited is pleased to announce the updated Mineral Resource Estimate (MRE) for the Gillett nickel deposit, reported in accordance with the 2012 JORC Code. Cube Consulting Pty Ltd completed the MRE which has been reported above a cut-off grade of 0.7% Ni. • Total Resource now stands at 3.14Mt @ 1.30% Ni for 40,770 nickel tonnes. • Substantial 75% increase in total contained #nickel versus the 2023 Mineral Resource Estimate (MRE). • A substantial improvement in confidence with a 108% increase in the Indicated Category to 30,650 nickel tonnes. • 72% of the MRE is now within the Indicated Resource Category. • #Palladium + #Platinum + #Gold (3PGE) endowment with Au (0.05g/t), Pt (0.09g/t) and Pd (0.18g/t) 0.32g/t 3PGE (equating to 5,240oz Au, 9,080oz Pt and 18,050oz Pd). • Mineralisation remains open to the north and south. • Total Mt Edwards Nickel Resource grows to 189,300 tonnes of contained nickel. #WIN’s Managing Director and CEO, Mr Steve Norregaard, commented: "The second of 6 MRE revisions destined to be delivered over the next few months is a resounding success demonstrating the potential we all see in the Mt Edwards Nickel Project. Gillett is now the largest, highest confidence resource in the company's portfolio, with ample exploration upside remaining. This substantial upgrade will feed into our scoping study, leading to increased mine life and will importantly defer capital requirements as we can now clearly see a longer life start up in the Widgie South area” “Widgie’s unique assemblage of 12 resources in close proximity make for a wonderful opportunity to build a long life, high confidence, low risk mining operation in the medium term.” Full announcement: https://loom.ly/sDRRxMM #WidgieNickel #ASX