Sun Valley Investments’ Post

Today we released our Definitive Feasibility Study (DFS) for Sembehun, outlining the significant strategic value of the Project.   On the result, our Managing Director and CEO Theuns de Bruyn said:   “The Sembehun DFS clearly demonstrates the significant value the Project holds, and the ability of Sembehun to fundamentally change the cost base and economics of mineral sands production by Sierra Rutile.   The current fourteen-year mine life also demonstrates that this is a long-term project with the potential to contribute economic benefits over an extended period of time to both Sierra Rutile and our local stakeholders in Sierra Leone.”   DFS highlights include: • Expected mine life of 14 years and an average of 175ktpa of rutile per annum between 2028 and 2038 • Capex estimate reduced by 11% to US$301 million, a US$36 million reduction on the 2022 Preliminary Feasibility Study • Sembehun Project NPV8 (post-tax, real) US$408 million • LOM EBITDA US$1.7 billion • Sembehun IRR 27.8% (ungeared, post-tax, real)   Read the full announcement here: https://lnkd.in/gFp5scNq   #Mining #Africa #MineralSands The full announcement sets out the material assumptions and sensitivities which underpin the DFS and a summary of the DFS findings as well as disclaimers regarding forward looking information. 

This week, Pursuit Minerals Ltd, Managing Director/CEO, Aaron Revelle presented at the Market Talk | Investor Relations and Media Collaborations Natural Resources Matinee, 6 May at Sydney’s Hubert Theatre Royale. Hosted by Perth-based ResolveIR IR and Sydney-based Investability IR, the one-day investor event showcased carefully selected, high growth companies at various levels of development in the resources sector. Ahead of the event, Aaron caught up with Stockhead TV to talk about the latest results from the Company's Rio Grande Sur #Lithium Project in Salta, Argentina. Watch the interview with Aaron and Stockhead TV 📺👇🏽 Read the editorial feature here: https://lnkd.in/g9Gzw4Nm -- Pursuit Minerals Ltd Minerals holds the Rio Grade Sur lithium brine project that covers 9260 hectares of the Rio Grande Salar within Argentina’s Salta province. It has an inferred resource of 251,300t of lithium carbonate equivalent at an average grade of 351mg/L lithium. The Stage 1 drilling campaign on the four tenements to the south of the tenement package is underway with drilling of the first hole DDH-1 in progress. “We are quite excited by the interim and intermediate results that are coming out from some of the packer samples as we progress to depth,” Revelle said. “We are expecting that program to continue over the remainder of the quarter into the half of the year, when we are expecting to complete all four diamond holes, which should total about 2500m of drilling.” Results to date indicate that a significant upgrade to the resource could be delivered before the half year or into the third quarter. The company has also completed its lithium carbonate pilot plant, with its engineering team now focused on producing the first 5-10kg of lithium carbonate products, which will be sent to potential offtake partners for quality certification and product analysis. This will in turn enable the company to carry out advanced offtake discussions with that plant and turn the plant into a 250t continuous operation even as its constructs and develops evaporation ponds at site. “We are working towards those milestones in the near term, as well as advancing some of the other elements of our project including our bankable feasibility study, which we are on track to deliver a larger, commercial scale study by the end of this year,” Revelle added. -- #asx #stocks #producer #criticalminerals #investing #stockstowatch #PUR

Suvo Strategic Minerals (ASX: SUV) has advanced its partnership with Polvine Pty Ltd (PERMAcast) to a non-binding term sheet, designed to facilitate a joint development agreement and establish an incorporated joint venture entity. PERMAcast is Western Australia’s leading supplier of precast and prestressed #concrete products for the state’s major infrastructure, oil & gas and mining projects. Under the joint development agreement (JDA), the two companies intend to deliver low-carbon geopolymer concrete products and projects and otherwise commercialise the intellectual property created under the JDA. “This is a fantastic result for Suvo. Forming a new company with PERMAcast to deliver waste-derived geopolymer concrete products to market is both a privilege and a unique opportunity that cannot be overstated,” Suvo Strategic Minerals executive chair Aaron Banks said. More at #Proactive #ProactiveInvestors #GeoPolymerConcrete #GreenConcrete #LowCarbonConcrete http://ow.ly/gT7w105uMLZ

Image Resources to kick off construction at Atlas Image Resources (ASX:IMA) is expecting on-ground construction at the Atlas Mineral Sands Project in Western Australia to begin this quarter, after securing approval of a mining proposal.  On 19 July, the Department of Energy, Mines, Industry Regulation and Safety approved the mining proposal for Atlas, which covers construction and operation.  The remaining approvals for #Atlas includes groundwater operation strategy, offset environmental management plan, and the Banksia Woodlands rehabilitation environmental management plan.  Image Resources, which has a market capitalisation of $80.85 million, expects all of these approvals to be secured in early August this year.  CEO Patrick Mutz says scheduling of contractor mobilisation to Atlas is progressing.  “Early works camp construction is well underway and deconstruction of the Boonanarring WCP has been initiated,” Mutz says.  “The next six months are slated to see a flurry of construction activities, with a stretch goal of commencing project commissioning at the end of December.”  The Atlas Mineral Sands Project has a mineral resource of 17.3 million tonnes at 5.7% heavy minerals, with a mineral assemblage including 9.8% #zircon, 6.5% #rutile, 5.1% #leucoxene, and 49% #ilmenite.  Image Resources is a mineral sands-focused mining company that is currently transitioning from open-cut mining and ore processing operations at its wholly owned Boonanarring Project. #zircon #rutile #ilmenite

Post site visit, PAC Partners has initiated coverage on Xanadu Mines Ltd with a $0.13/share price target ($0.26/share unrisked). PAC found an efficient operation completing a huge 81km #drilling program of the mineralised deposits comprising the South Gobi Kharmagtai #Copper #Gold Project. Thorough work now means a high-quality Prefeasibility Study (PFS) due SepQ’2024 which is a pre-cursor to Final Investment Decision. Partner and global integrated copper/gold producer Zijin Mining Group provides funding options and a #development track record. The current Kharmagtai Discovery program has ability to add far more Resource with both shallow and a deep #exploration drill program. Geotechnical clues are hinting at an Oyu Tolgoi style big and deep target. PAC valuation is based on cashflow modelling for what they see as their favoured case, Xanadu selling 25% JV interest in Kharmagtai for US$25M, with Xanadu’s remaining 25% interest funded via Zijin secured debt, as well as probable project enhancements to likely yield additional production in PFS, from: 1. #Mining rate / processing throughput expansion for mineralised sulphide material commencing 3yrs earlier relative to scoping study; enabled by recently enlarged 125Mt higher grade MRE component. 2. Oxide processing; with recent leach testwork providing confidence to progress this to PFS confidence level Furthermore, PAC conducted scenario analysis to assess impact of the probable project enhancements, assuming Xanadu’s 50% JV interest in Kharmagtai is maintained; unrisked valuation increases to 45cps. #XAM continues to be fully funded, at both corporate level to conduct discovery exploration at our Red Mountain and Sant Tolgoi projects, and most importantly, at Kharmagtai 50:50 JV level to complete Xanadu operated PFS, with cashflows most likely enhanced in the early years. Read full research report: https://loom.ly/8llsnmU #SustainableExploration #XanaduMines #growthstrategy #NewDiscovery #derisking #transformation #criticalminerals #futurefacingmetals #CopperExploration #CopperInvesting #MiningInvestment #ASX #TSX

News Release: TINKA REPORTS UPDATED PEA AND MINERAL RESOURCE ESTIMATE FOR THE AYAWILCA POLYMETALLIC ZINC-TIN-SILVER DEPOSIT Dr. Graham Carman, Tinka’s President and CEO, stated: “We are very pleased to release the results of the updated 2024 PEA for the Ayawilca project. We believe the results of the PEA show Ayawilca to be an outstanding polymetallic project with several improvements from the previous study. While zinc continues to be the primary revenue source, Ayawilca's polymetallic nature includes important contributions from tin and silver providing valuable commodity diversification. The updated PEA is marked by the incorporation of a smaller, more efficient, zinc-silver-lead plant and a separate tin plant and a more compact mine footprint. Despite an increase in the initial capex, due to efficiencies in the mine design there was no significant impact on valuation. The strong financial metrics include an after-tax NPV8% of US$434 million, an after-tax IRR of 25.9%, and a post-tax payback period of only 2.9 years which highlight the potential for Ayawilca to become a producing mine.” https://lnkd.in/gTKVcukY #zinc #tin #silver #miningnews #miningandmetals #basemetals #preciousmetals #PEA

#ASXNews Development Update – Approvals and Project Progress Meeka Metals Limited is pleased to advise the approval of the mine dewatering and clearing permits. The Company acknowledges the current high level of permitting activity under assessment by DEMIRS (approximately 400 open applications) and expects the final permit, the open pit Mining Proposal, early in the September 2024 quarter. • Two permits required for the development of the Company’s 100% owned Murchison #Gold Project have been approved.  • A final permit, the open pit Mining Proposal, is expected to be received early in the September 2024 quarter.  • Site works are progressing with infrastructure arriving and the establishment of services and water supply for the camp and administration complex.  • The $2.2M secured, bridging loan facility (ASX announcement, 17 June 2024) has been drawn down, with $1.34M funding the purchase of a camp, administration complex and associated infrastructure including: • 116-person camp; • 200-person change house and ablutions for the Andy Well mining centre; • 36.5m x 14.5m fully fitted-out administration complex for the Andy Well mining centre; • 12m x 9m open pit mining office form the Turnberry mining centre; and • 110kL fuel storage tank. • Full credit approval for a larger project development facility remains targeted for July 2024. • Site activities including relocation and installation of the above infrastructure to ramp up post funding. Commenting on the progress, #MEK’s Managing Director Tim Davidson said: “Pleasingly we have received approval for several activities, with only one permit remaining to transition our Murchison Gold Project from development ready to full execution. Infrastructure and equipment mobilisation to site are ongoing. Preparation works are also underway in anticipation of installing the camp, administration complex, and underground mining change house in July 2024.” See the full announcement: https://bit.ly/3xM0XWK #MeekaMetals #MiningNews #ASX

September 19th: drill core assay results from a BC project with photos, a reclamation project leads to some lucrative finds in the YT, and land position expansions in BC including one near our prospector's Proof Gold Project by Fraser Lake, BC (greenfields and available for option). Some info not included: * British Columbia Environmental Assessment Office announces that the public comment period for Pacific Cambrian Ltd.’s proposed Kobes Gas Plant, a natural gas processing facility northwest of Fort St. John, is now open; * British Columbia Environmental Assessment Office announces that an environmental assessment of the proposed Ch́’ḵw’elhp Well Field Project near Gibsons will not be required; * West Red Lake Gold commences test mining and bulk sampling at the Madsen Gold Project in Ontario for a targeted restart in 2025; * Osisko Metals announces an economic study on the Gaspé Copper Project in Quebec, amidst efforts to land a 20 % partnership provincial financing from Investissement Québec; * Richard Mills, of Ahead of the Herd, investigates the Metals Security of Supply Depends on Junior Resource Companies; * British Columbia Mineral Titles Office releases Information Update No. 8 clarification: 'Work performed on a mineral title by someone with a suspended FMC [Free Miner's Certificate], no FMC, or an expired FMC will not be eligible for work credits.' The newsletter link is in the comments! #BritishColumbia #Yukon #MineralExploration #Mining #NewsReleases

RESOURCE NEWS: Porgera Restart Status PRESS RELEASE ❗ ❗ ❗ New Porgera Limited (NPL) is pleased to announce that the restart of Porgera is progressing well and is on track. First gold production is expected to be achieved in Q1 2024, as planned, subject to the Highlands Highway continuing to remain open and no further vandalism of project infrastructure. NPL General Manager, Chad Coulin, acknowledged the tremendous effort made by the NPL workforce and the support of the regulator, the Mineral Resources Authority, to restart the Porgera mine in compliance with the laws of Papua New Guinea (PNG). Following completion under the Porgera Project Commencement Agreement (PPCA) on 22 December 2023, the NPL team has stepped up and delivered outstandingly towards getting back into full production in Q3 as required by the PPCA. The critical path to full production is re-standing or replacing relevant towers along the Hides Transmission Line. In 2024 for the Porgera mine operations, there will be a spend of K2.7B (US$749m) (est.), which is divided between K1.6B (US$442m) of direct operating costs (including K613m (US$174m) that will be capitalized prior to restart) and K1.1B (US$308m) of capital. The expected export revenue from Porgera gold sales in 2024 is K1.8B (US$504m) which will assist in boosting PNG’s foreign exchange reserves. Expenditure on PNG sourced goods and services is estimated to be over K600m during 2024. Over 3,000 Papua New Guineans will be employed by NPL by the end of 2024 with a payroll for the year of K150m (US$42.6m). Royalties, which will be paid to landowners and the Enga Provincial Government, and 0.5% production levy to Mineral Resources Authority will amount to K63.4m (US$18m). Withholding taxes and custom duties payable to the National Government are estimated to be K28.2m (US$8m) for 2024. NPL has already commenced payment of K4.6m in outstanding compensation fees for the period that Porgera was in Care & Maintenance and will shortly commence negotiation of the long term compensation agreements with landholder agents. The sharing and division of project benefits such as equity and royalties among stakeholders, will be agreed at the Government managed Development Forum process and be recorded in a Porgera Project Community Development Agreement that NPL will be a party to. Under the Community Development Agreement, NPL will contribute through the Tax Credit Scheme to relevant infrastructure projects in the areas of health, education, roads and law and order. Law and order continues to be a challenge and NPL calls for all stakeholders to support restart operations by contributing to peace in the valley with no further vandalism of critical infrastructure. #PorgeraMine #NewPorgeraLimited