Taking note of the run in Nickel
Brian Leni, Founder of the Junior Stock Review website joins me to focus on nickel and nice run in price over the past three months. We discuss what is driving the run and look to the stocks which are few and far between. There is one that Brian is invested in which he shares.
Balmoral Resources LTD (BAR,BALMF) is an explorer that has an established maiden RE for a sulfide nickel deposit and has/is opened up several other discoveries that warrant further exploration on their properties. Would certainly be worth wild to evaluate this company. Also, they will be at the Sept 6th Metals Investor Forum – in Vancouver.
http://www.balmoralresources.com/
+1 Ron. I was going to mention Balmoral here after listening to audio while driving around, but glad you brought them up. BAR / BALMF also has a Gold resource they announced (that initially disappointed market expectations, but they hadn’t included all their drilling in it yet, and that is still growing as well).
This recent press release from July on one of their new exploration targets got my wheels going….
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BALMORAL DISCOVERS PRECIOUS METAL RICH NICKEL SULPHIDE ZONE AT RUM
July 30th, 2019
“Balmoral Resources Ltd. (BAR) (BALMF) announces that it has discovered a new zone of nickel-copper-cobalt-gold-platinum-palladium mineralization during its first (and so far only) day of mapping and prospecting on its recently acquired RUM North Property in Central Quebec.”
“This new discovery – the Bluenose Zone – is characterized by a high 3E (gold + platinum + palladium) to nickel + copper ratio, with gold and PGE values significantly exceeding those of the nearby Lac Rocher nickel deposit. The mineralized samples were collected from outcrop within a previously undiscovered ultramafic intrusion on the RUM North Property. Balmoral has increased the size of the RUM North Property to cover potential extensions of this discovery.”
For readers not familiar with Balmoral Grasset is still their flagship Nickel project, and what initially attracted me to their company.
http://www.balmoralresources.com/projects/grasset/introduction
I’m watching with interest to see if BAR Balmoral hits any more of the shiny yellow metal in their current drill program at Area 52.
BALMORAL EXPANDS AREA 52 DRILL PROGRAM
July 31st, 2019
“Balmoral Resources Ltd. (TSX: BAR; OTCQX: BALMF) is pleased to announce that it has expanded the ongoing Phase 1 drill program testing the Area 52 gold target on its Fenelon Property in Quebec.”
http://www.balmoralresources.com/news/balmoral-expands-area-52-drill-program
While on the thread of Nickel/Gold companies….. there is of course:
(RNX) (RNKLF) Royal Nickel Corp
The stock became a spectacle this year when the bonanza grade “specimens” at Father’s Day vein were unearthed with out this world metals content in such a small package, and they’ve hit a few more smaller ones. Lots of investors rushed in and fueled the rise higher, and then it’s pulled back down pretty big as the normal Gold production figures came out the last 2 quarters.
Having said that, many investors forget that prior to that new discovery this year, RNX was getting ready to divest it’s Gold mine in lieu of following their mineral rich Nickel assets.
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RNC Minerals Files Dumont Nickel-Cobalt Project Updated Feasibility Study
Updated Feasibility Study Delivers $920 Million – NPV 8%
Graeme Sloan from (RNX) RNC Minerals – Beta Hunt Overview #Gold #Nickel
“Mike Coyle from insidexploration.com interviews Graeme Sloan from RNC Minerals discussing current operations and the potential of Beta Hunt in Australia.”
Beta Hunt Mine Tour (RNX) (RNKLF) RNC Minerals (Royal Nickel Corp)
#VIDEO Tour!
“On February 20th, RNC Minerals opened its doors to an average investor. Mike Coyle, was given the opportunity to go and see their mine in Western Australia after discovering over 28,000 ounces of gold in an area about the size of a living room.”
https://www.youtube.com/watch?v=cd63VHi3MbM&feature=player_embedded
Since you were discussing Nickel pricing, perhaps a discussion of Class 1 vs Class 2 nickel would also be appropriate. Class 1 nickel being more amenable to EV demand which can sell for up to a 30% premium over LME pricing. At one point the LME was supposed to be looking at a separate Class 1 price. Of course nothing has happened on that yet, since 2/3 of the market is Class 2 nickel.
Here’s another project with a lot of Nickel, Copper, Cobalt, Palladium, Platinum and Gold:
>> Finally a win for $POM $PLM against all the environmental lobbyist pushback. This may finally unshackle this company to move towards construction and production after over a decade of stalls and further studies.
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Supreme Court denies opponents’ appeal on supplemental EIS decision for PolyMet project (POM) (PLM)
20 Aug 2019 #Copper #Nickel #Cobalt #Palladium
The NorthMet Project at a Glance – Polymet Mining (POM) (PLM) #VIDEO
https://www.youtube.com/watch?v=Cqm03-yZGWs&feature=youtu.be
Polymet Mining (POM) (PLM) – Northmet Snapshot
1.16 billion pounds copper
170 million pounds nickel
6.2 million pounds cobalt
1.56 million ounces precious metals including
(1.19 million ounces of palladium and .37 million ounces of platinum/gold)
Group Ten Metals Commences Drilling at the Stillwater West PGE-Ni-Cu Project in Montana, USA
August 22, 2019
“Group Ten Metals Inc. (PGE) (PGEZF) announced today that it has commenced drilling at the Company’s flagship Stillwater West platinum group element-nickel-copper (“PGE-Ni-Cu”) Project adjacent to Sibanye-Stillwater’s high-grade PGE mines in the Stillwater Igneous Complex, Montana, USA.”
^^ from the news release from (PGE) Group Ten Metals up above:
Michael Rowley, President and CEO, commented, “We are pleased to confirm that we have commenced drilling at the HGR target in the Iron Mountain area as the first of three priority target areas, as disclosed in our previous news releases. We look forward to making further announcements regarding the 2019 exploration program in the near future as we advance through the Iron Mountain, Camp Zone, and Chrome Mountain target areas to advance the potential we see for ‘Platreef-style’ bulk tonnage PGE-Ni-Cu-Co deposits at the Stillwater West Project.”
While the main Palladium / Nickel / Copper asset for Group Ten Metals (PGE) (PGEZF) is clearly the Stillwater West Project, right next to Stillwater Minings prolific Palladium mine [now owned by Sibanye]; it should also be noted that they have an interested Nickel/Copper/Palladium/Platinum/Gold project next to (WG) Nickel Creek Platinum [previously called Wellgreen Platinum].
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KLUANE PGE-NI-CU (YUKON)
Group Ten Metals’ Kluane Project consists of the Spy, Ultra and Catalyst properties, all of which occur within the Kluane Mafic-Ultramafic Belt; a system of PGE-Ni-Cu deposits which are part of a sequence of mafic-ultramafic rocks that extends through the Yukon from northern British Columbia to central Alaska. The Kluane project properties are each within 15km of the Alaska Highway and situated on trend with, and south of, the Nickel Shaw (formerly Wellgreen) deposit, one of the largest undeveloped PGE-Ni-Cu projects in North America at 6 Moz of Pt+Pd+Au and 3 Blbs of Ni+Cu in M&I resources and an additional 2 Moz of Pt+Pd+Au and 1 Blbs of Ni+Cu in Inferred resources.
Clearly there is more than just 1 company with exposure to Nickel.
>> Here is a watchlist of companies with some exposure to a Nickel component at either their primary or secondary assets.
Keep in mind there are few pure Base Metals companies, so you always get a range of metals in the mix like Nickel/Copper/Platinum/Gold/Cobalt
AMC.L Amur Minerals Corp
AAL.L Anglo American Plc
ANTO.L Antofagast Plc
ARL.AX Ardea Resources
ATL.TO Atlatsa Resources Corp
ANW.AX Aus Tin Mining
AUZ.AX Australian Mines
BAR Balmoral Resources Ltd
BHP BHP Billiton Ltd
BTT.V Bitterroot Resources
BMZ.AX Black Mountain Resources Ltd
JAY.L Bluejay Mining
CHEM Canadian Energy Materials Corp
CML.V Canickel Mining
CZI.AX Cassini Resources
CLA.AX Celsius Resources
CTM.AX Centaurus Metals Ltd
CLE.V Clean TeQ Holdings
DKM.AX Duketon Mining
ERA.PA Eramet SA
FPX.V First Point Minerals
FMG.AX Fortescue Metals
GGI.V Garibaldi Resources
GIGA.V Giga Metals Corp
GLEN.L Glencore Plc
PGE.V Group Ten Metals
HLND Highlands Pacific Ltd
HZM.TO Horizonte Minerals
IGO.V Independence Group
IMT.V International Montoro Resources Inc
2362.HK Jinchuan Group
JUB.V Jubilee Platinum
LND.L Landore Resources
LEG.AX Legend Mining Ltd
MLX.AX Metals X
MCR.AX Mincor Resources
MTH.AX Mithril Resources Ltd
MZM.AX Montezuma Mining
MUM.V Mustang Minerals Corp
NNN.V Nickel One
NILSY Norilsk Nickel
NOT.V Noront Resources
NAN.V North American Nickel Inc
KZZ Nunavik Nickel Mines Ltd
PAN.AX Panoramic Resources
PIO.AX Pioneer Resources Ltd
POM.TO Polymet Mining
POS.AX Poseidon Nickel Ltd
NIC.V Pure Nickel Inc
RMI.AX Resource Mining Corp
RIO.L Rio Tinto
RNKLF RNC Minerals (previously Royal Nickel Corp)
RRS.V Rogue Resources Inc
RXL.AX Rox Resources
SME.V Sama Resources
S.TO Sherritt International
SIE.V Sienna Resources
S32.AX South32 ltd
SRJ.V Spearmint Resources
SRCH.V SearchLight Resources previously CNC.V Canyon Copper
SGQ.AX St George Mining Ltd
SX.CN St Georges Eco-Mining
SMMYY Sumitomo Metal Mining Co
TLM.AX Talisman Mining
TTC.CN Tartisan Nickel Corp
XTM.V Transition Metals
VALE Vale SA
WM.TO Wallbridge Mining Co
WG.TO Wellgreen Platinum
WSA.AX Western Areas
* There are likely many more, but I hadn’t really finished this list yet.
Please let me know below which companies should be added to this #Nickel watchlist.
Copper price bears “overlooking decent fundamentals”
Frik Els | August 22, 2019
https://www.mining.com/copper-price-bears-overlooking-decent-fundamentals/
Quite a list. However, which of these are Nickel Sulfide-Class 1 Nickel plays? Thinking about EV class nickel. The Laterite deposits are perhaps less valuable going forward.
I would like to know if you still think Amarillo Gold is still a good buy? Thanks