Group Ten Metals Releases Their NI 43-101 Maiden Resource Estimate at Stillwater West
Michael Rowley, President and CEO of Group Ten Metals (TSX.V: PGE – OTCQB: PGEZF) joins us for an update on the maiden resource estimate at the Company’s flagship Stillwater West PGE-Ni-Cu-Co + Au project in Montana. Mike unpacks the compelling mix of metals, the resource size, and how this compares to peer projects with their inferred mineral resources totalling 2.4 million ounces of palladium, platinum, rhodium, and gold; plus and additional 1.1 billion pounds of nickel, copper, and cobalt.
There are 14 drill holes pending in a 10,000 meter step-out exploration program that will be focused primarily on 3 of the most advanced targets – Chrome Mountain, CZ, and the HGR/Iron Mountain Target areas.
The Company is still reviewing options for its secondary projects; the high-grade Black Lake-Drayton Gold project, adjacent to Treasury Metals’ development-stage Goliath Gold Complex in northwest Ontario, and the Kluane PGE-Ni-Cu-Co project on trend with Nickel Creek Platinum’s Wellgreen deposit in Canada’s Yukon Territory.
If you have any follow up questions for Mike regarding Group Ten, please email us at Fleck@kereport.com or Shad@kereport.com.
DT and David – Do you guys still have a fishing pole in the Stillwater West pond with Group Ten Metals?
A Hall of Fame NHL goaltender lived next door to me when I was a kid. I used to water his grass.
A valid point, just because something big is next door doesn’t mean there is something big in your yard.
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However, Group Ten just proved they have the goods with inferred mineral resources totaling 2.4 million ounces of palladium, platinum, rhodium, and gold; plus and additional 1.1 billion pounds of nickel, copper, and cobalt.
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That doesn’t include the other 14 holes they drilled in 2021 (which are still pending assays), that will feed even more ounces and pounds into next year’s resource update. By next year, PGE may be an NHL goaltender in their own right, and if they get taken out for a nice premium (after getting rerated higher) then it will go down in the M&A hall of fame. “Skate to where the puck is going.” 😉
Thankful to have this information from you. Volume for commodity stocks on HKEX less than half these days, oil, gold…everything.
Hi Ex, I still own Group Ten and am happy to do so, it is on my do not sell list. Also, I recently purchased more, and one of my family members is holding stock as well. Buy things when they are cheap, that is how the market goes for successful investors. Have a great day!
Nice DT. Yeah, I remember you saying a family member had some Group Ten in their portfolio. The muted market reaction to what has been a substantial maiden resource estimate is a bit surprising, but some of that may be that most don’t know how to interpret nickel or palladium resource grade equivalents. As Mike noted, it is already in the middle of the pack in relation to other Nickel and Palladium projects, and that doesn’t include all the drilling from 2021, where they’ll move up towards the top of the pack by next year. Few of the Ni or Pd companies have the size and scale that (PGE) does.
Ex:
I still hold a core position probably less than half what I did a year ago. I saw where Sibanye (sp?) had something going on with someone other than Group Ten, but I figure they still are watching their neighbor. I think when the politicians pass the infrastructure bill without tax impact on Corporations, base metals will pick up.
Hi Lakedweller2 – good to hear you still have some exposure though. Yeah, Sibanye has been busy buying a Nickel processing plant in Europe, buying into some Lithium projects (an odd move for a Gold and PGM company), and apparently their focus is growing into the battery metals space. As Mike mentioned with healthy amounts of Nickel, Copper, and Cobalt – (along with the Palladium, Platinum, and Gold), then Group Ten does have a wealth of battery metals.
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As mentioned in the past, I actually hope that if Sibanye is interested in Group Ten that they wait much longer, because them getting picked off here would be a bummer. They’ve had a nice run thus far over the last 2 years or so, but nowhere close to where they could go as they put more and more drill results out over the next 1-2 years. I’d rather see them get all 14 holes reported from this years exploration, then update their resource estimate for 2022 with those, and then drill another round of holes in 2022, for a resource estimate in 2023…. and THEN get taken over at a much higher valuation from where they sit today.
Commodity Supercycle: Cause, Duration, And Why You Should Not Miss This Generational Investment Opportunity
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Laurentian Research – Seeking Alpha – Oct. 26, 2021
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“LME warehouse stock levels for aluminum, copper, nickel, and zinc have continued to decline to a dangerous level. The aggregate inventory of tin, a metal that is used for soldering electronic parts on circuit boards in essentially every gadgets from your cellphones to cars, has been depleted to such a low level that both LME and SHFE are projected to run out of it by Christmas time.”
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“The depletion of metal inventories is in part a result of the energy transition. It is an under-appreciated reality the energy transition is extremely metal-intensive. The transition from fossil fuels to renewable energy is forecast to drive the demand for various green metals (including copper, nickel, cobalt, lithium, silver, platinum group metals, uranium, and so on) through the roof. Copper demand from solar and wind energy and from EVs, e.g., is projected to rise from close to zero in 2000 to 2.8 Mt by 2025, or 10.8% of the expected global copper consumption.”
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https://seekingalpha.com/article/4462000-commodity-supercycle-why-not-miss-generational-investment-opportunity
The way things appear to be going there may be much less need for these commodities in future.
Nice. Interested to see how things go with this KTN spinout.
I hope we are getting to the point where even if they release news that they painted the walls of the office that the stock price will go up… hahaha!;-)
🙂
Santa Cruz, SCZ. Trading halt waiting for NI 43-101information.
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https://www.santacruzsilver.com/news/santacruz-update-report-on-stock-halting/
Yes, while it is quite encouraging about the acquisition of the Glencore silver mines by Santacruz silver, it just timed out in an unfortunate way, where they would have gotten a nice bump higher the last few weeks on the rising silver price, good action in the mining stocks, and they had a solid Q3 operations report. A bit of a bummer that they were halted during a nice period in the PMs, but maybe they’ll gap up higher to play catch up after being unhalted.
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My concern is that the environment may change in the PMs by the time they get the stock unhalted, and if things correct in the sector, then if they hadn’t been halted they’d have bit a higher level to start that from. Oh well, overall for the longer term, this is a transformative transaction for SCZ, and I personally like it a great deal.
I liken it to the “take away the punch bowl before the end of the party” axiom, haha…
Yes indeed.
Algo walk down on Gold started before opening and continued for about an hour. Premeditated and intentional intervention. Gets old.
/GC…240 minute chart shows the ABC down nicely…price is to left of CD line and so strong and hence 161.8% should be hit, eventually…./GC is in 4th of a T9 count…so should hit target 4 hours times 5….next tuesday or so….This gives us basically a retest of previous low…this is only a consolidating market……an op to asses the volume characteristics….nice…glta
FREAKY FRIDAY AGAIN……gold down……….lol…………. in stead of the Wykoff Method…….
We should introduce the……………. WACKOFF METHOD….. starts every friday, until who knows when,
the trend is your friend. ,,, Buy, buy and buy. 🙂
WACKOFF METHOD…never heard that Jerry…..ok, i better stop…it was too funny though…too bad I guess….lmao🤔🔊
There is an Aussie mineral exploration company with the symbol WAK
Good one OOTB! Haha!
Hey Matthew..What do you think about the doji candle just above 50ema for gdx…says to me this move is not over/indecision on players part….
Canadian Mining Firm Iamgold Convoy Attacked In West Africa
Tyler Durden’s Photo
BY TYLER DURDEN
FRIDAY, OCT 29, 2021 – 11:45 AM
A convoy of Canadian mining company Iamgold employees was attacked in West Africa on Friday, Reuters reports, citing two security sources.
Multiple vehicles carrying Iamgold employees came under attack while heading to the company’s Essakane Mine, located in north-eastern Burkina Faso, West Africa.
@zerohedge
I havnt followed the threads so dont know if this has been posted.
We had mentioned it before, that there was serious jurisdiction risk where IAMGold was mining, and that their convoy was attacked a month or two back. It was dismissed on here as “blah…blah…blah…” but clearly it isn’t nonconsequential and IS a definite area of concern. With PLENTY of other gold producers to choose from, then I don’t see the point in taking the risk of that primary mine having more issues from IAG/IMG, and there many other options to capture the move higher in the PMs that aren’t having their convoys attacked by extremists.
Small cap Steve had an interview with NG Energy (GASXF) which is covered by Doc Jones. Interview sounded pretty interesting so I bought into NG Energy. Natural Gas out of Columbia.
I took out a stake in NG Energy a few weeks back myself David, and we’ve talked to management last month. We actually are interviewing them to bring them on the KE Report next week, so stay tuned for that interview. Our goal is to get a few more Oil & Nat Gas companies on the show to cover that space a bit better. Hemisphere energy is one we’ve brought on a few times this year, and they’ve also had a nice move as the energy sector rebounded. If anyone else has any ideas of solid Jr producers or advanced developers in the Oil/Gas space to interview, please let us know.
Great…keep staying several steps ahead of me. I need the help. Looking forward to O&G coverage. Back in the old days, I owned some pipeline limited partnerships. That worked until it didn’t. What I learned was the Tax complications were a headache with the partnerships but I liked the pipelines. They still ship oil no matter the barrel price.
Good thoughts lakedweller2. Yes, the Oil & Gas space has really heated back up again and many stocks have surged this year. The question is if things have peaked for the short term and may correct for a bit, so I ‘m watching the energy markets looking for a pullback before getting too aggressive in the space.
Hmmm, I wonder if this is the same Mike Rowley I (loosely) knew growing up…last time we talked was VRIC 2012. Congrats Mike on the results.
Very happy for the Group Ten Metals team on a nice maiden resource estimate, and now we await the 14 holes drilled to see how things grow at this deposit for the update that will come out next year.
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The market is also still watching to see it they get everything finalized on the acquisitions of the Black Lake-Drayton Gold project (which is underway currently) and then the Kluane project and land package up in the Yukon adjacent to Nickel Creek Platinum’s project.
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It should be an interesting next 6 months in Group Ten as far as newsflow and significant company milestones.