As a result, production guidance for the 2023 financial year has been revised to between 75 and 85 kt (from between 80 and 90 kt). Postal address: With 8.0% and 6.3% of the shares outstanding respectively, Sprott Asset Management LP and Regal Funds Management Pty Limited are the second and third largest shareholders. Mr Fitzhardinge consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Centaurus was out . All metallurgical chemical analysis is completed by ALS laboratories, All historical samples were collected by Vale field geologists. Canada Nickel announces new nickel discovery at Midlothian Property with larger potential footprint than Flagship Crawford Property. Highlights include: First Quantum Minerals [TSX:FM] (OTCPK:FQVLF), Franco/Nevada [TSX:FNV], MMG [HK:1208], South32 [ASX:S32], Lundin Mining [TSX:LUN], Nickel Asia Corporation [PSE:NIKL] (OTC:NIKAY), Platinum Group Metals [TSX:PTM] (PLG). To ensure the representative nature of the sample, the cyclone and sample hoses are cleaned after, each metre of drilling, the rig has two cyclones to facilitate the process. Duis rutrum sapien non The Selkirk Mine is a secondary asset to the Company's 100% owned flagship Selebi Ni-Cu-Co Mine and includes a historical mineral resource estimate ("MRE") of 52.2 Mt (Measured and Indicated) at 0.32% Ni, 0.31% Cu, 0.15 g/t Pt, 0.46 g/t Pd and 0.06 g/t Au (refer to Table 1 for a breakdown by category). MarketScreener: Created by Investors for Investors! Annual Report to shareholders. Annual Report, Top 20 shareholders, Full Year Accounts, Full Year Audit Review . Proceeds to be used to fund the completion of the Definitive Feasibility Study at the 100%-, owned Jaguar Nickel Sulphide Project in northern Brazil, due by the end of 2022, as well as for. German supplier collaboration agreement and German funding support Total indicative and conditional debt funding expressed by interested financiers as part of QPMs debt process exceeds A$1.4 Billion. Mr Barnes and Mr Fitzhardinge are both members of the Australasian Institute of Mining and Metallurgy. . In. Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Hole TXT23-32 intersected 10.5 meters of 0.95% nickel within 43.5 meters of 0.59% nickel within 292 meters of 0.31% nickel.". Canadas C$80B response to U.S. clean energy push: We will not be left behind Prime Minister Justin Trudeaus Liberal government is announcing C$80 billion in tax credits for clean technology over the next decade, including C$25 billion for investments in clean electricityThe government is also announcing a 30 percent tax credit on manufacturing equipment for renewable and nuclear energy projects, zero-emission vehicles and critical mineral extraction and recycling, expected to cost C$11 billion between now and 2035The government is also promising to cut down the amount of time it takes to get major projects off the ground, including mines for critical minerals. Mr Montresor has been with Centaurus for ten years, and was actively involved with the exploration and drill-out of the Company's Jambreiro Iron Ore Project before being appointed as Exploration Manager to oversee the exploration team and all on site activities at the Jaguar Nickel Project. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Let's take a closer look to see what the different types of shareholders can tell us about Centaurus Metals. With 8.0% and 6.3% of the shares outstanding respectively, Sprott Asset Management LP. Secured an oversubscribed equity fundraise of ~US$80m. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Top 20 Shareholders About the Data Shareholder Distribution As reported in the most recent Annual Report. Centaurus Metals Limited is an Australia-based minerals exploration company. Vale plans a refinery at Bcancour in Qubec to supply GM with battery grade nickel sulfate with deliveries targeted to commence in H2 2026. I wrote this article myself, and it expresses my own opinions. Annual Report to shareholders. Sample length along core, varies between 0.3 to 4.0m, with an average of 1.48m; sampling was done according to lithological, contacts and generally by 1m intervals within the alteration zones and 2m intervals along the waste. Welcome to the nickel miners news for April. I generally consider insider ownership to be a good thing. Nickel spot price 5 year chart - Current price = USD 10.73/lb, Sumitomo Metal Mining forecasts (as of Nov. 2022) small nickel deficits for 2022 and 2023 (source, page 11), BloombergNEF forecasts "battery" nickel demand set to surge over ten-fold this decade as the EV boom takes off (2020 chart), Trend Investing vs. IEA demand forecast for EV metals (Trend Investing) (IEA), 2021 IEA forecast growth in demand for selected minerals from clean energy technologies by scenario, 2040 relative to 2020 - Increases Of Lithium 13x to 42x, Graphite 8x to 25x, Cobalt 6x to 21x, Nickel 7x to 19x, Manganese 3x to 8x, Rare Earths 3x to 7x, and Copper 2x to 3x. Historical outcrop and soil sample points were registered and logged in the Vale geological mapping. -, NOT FOR RELEASE TO U.S. WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES, 80.6Mt at 0.91% Ni for 730,700 t nnes of contained nickel metal, 9.7% to the Company's last closing price prior to the raise of $1.285 per share on 18 January 2022; and, Darren Gordon Managing Director Centaurus Metals Limited T: +618 6424 8420. Diamond Core (HQ/NQ) was cut using a core saw, core was sampled. A look at the shareholders of Centaurus Metals Limited ( ASX:CTM ) can tell us which group is most powerful. The Cathedrals, Stricklands and Investigators nickel-copper discoveries (at Mt Alexander) are located on E29/638, which is held in joint venture by Western Areas Limited (25%) and St George (75%). Ongoing advancement on the TECH Project technical workstreams, targeting requirements of ITE to secure debt financing. Commercial negotiations on key equipment supply contracts taking place. Centaurus Metals are listed on the ASX under the code CTM. Mincor Resources Directors unanimously recommend that shareholders accept the Offer from Wyloo. This announcement has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. Highlights include: Sherritt International (OTCPK:SHERF)[TSX:S]. Field duplicates are completed every 30 samples. Mean grades of the standard. With a market capitalization of AU$500m, Centaurus Metals is a small cap stock, so it might not be well known by many institutional investors. The past month saw a busy month of nickel miner news. The Companys projects include Jaguar Nickel Sulphide Project and Jambreiro Iron Ore Project. On April 21 MMC Norilsk Nickel announced: Nornickel announces consolidated production results for 1Q 2023. Read "The Trend Investing Difference", or sign up here. The funds raised via the placement will be used on the Jaguar Project, for: Definitive Feasibility Study work including all development drilling, metallurgical testwork, process. Funds will also be used to advance the Company's aggressive drilling approach, with over, 90,000m of drilling planned this year to maximise Measured and Indicated Resources for the DFS. St George is the Manager of the Project with Western Areas retaining a 25% non-contributing interest in the Project (in regard to E29/638 only) until there is a decision to mine. Samples were taken at 50m intervals along 200m, Surface material was first removed, and sample holes were dug to roughly 20cm depth. INSG forecasts 2023 nickel surplus amid increase in Class 2 supplies. Centaurus Metals Limited is an Australia-based minerals exploration company. The Company currently has 3,790,971,362 Shares on issue, however the . engineering and early-stage infrastructure work; Regional exploration drilling of new priority targets; The Offer Price of $1.16 per New Share represents a discount of; 2 Refer to the Value-Add Scoping Study released to the market on 31 May 2021 for full details of the Production Target and the material, assumptions underlying the Study. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. Highlights includes: Our Marketing segment continued to perform well through Q1 2023, particularly within energy products, such that extrapolating Q1's Marketing Adjusted EBIT has us, once again, on track to exceed the top end. See Seeking Alpha's Terms of use. MEDD062 32m @ 0.97% Ni, 0.04% Cu, 0.06% Co from 46m* #. On April 14 Nickel Industries Limited announced: US$400 million senior unsecured notes issuedat a coupon of 11.25%, maturing 21 October 2028 (New Notes). The Company is engaged in the exploration and evaluation activities related to mineral resources in Brazil. Investors are chasing listed battery metal exposures, and nickel explorer Centaurus Metals is the latest one to hitch a ride. Is this happening to you frequently? MEDD064 7.0m @ 1.45% Ni, 0.17% Cu, 0.04% Co from 405m*. Widgie South is a key component of the Mt Edwards project pipeline, currently containing a combined 71,800t Ni with further upside potential as mineralization remains open in all directions at Gillett, and the presence of a largely untested basal contact corridor between Gillett and Widgie Townsite. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Trend Investing subscribers benefit from early access to articles and exclusive articles on investing ideas and the latest trends (especially in the EV and EV metals sector). Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. Centaurus Metals Limited - Products & Brands On April 27 Eramet announced: "Eramet: Q1 2023 turnover of 775m." Talon is also progressing planning, design and permitting of its Battery Minerals Processing Facility in Mercer County, North Dakota, which was selected by the US Department of Energy for $114m in grant funding under the Bipartisan Infrastructure Law in October of 2022. ", Quarterly activities report for the period ending 31 March 2023.". 2022 - IEA forecasts 60 new nickel mines needed by 2030, BMI forecasts we need 330+ new EV metal mines from 2022 to 2035 to meet surging demand - 72 new 45,500tpa nickel mines needed by 2035. Note: Some of the above companies are covered in the Cobalt monthly news. Institutional bidding under the placement significantly exceeded the $75 million Placement amount and bids were scaled to accommodate the strong demand. High grade mineralization intersected in northern lens 470 meters from original high grade lens in the south area. "Own sourced nickel production of 20,900 tonnes was 9,800 tonnes (32%) lower than Q1 2022, primarily reflecting INO prioritising third party feed. & Taxation. In their own names, insiders own AU$42m worth of stock in the AU$500m company. The information in this report that relates to the Jaguar Mineral Resource is based on information compiled by Mr Lauritz Barnes (consultant with Trepanier Pty Ltd) and Mr Roger Fitzhardinge (a permanent employee and shareholder of Centaurus Metals Limited). Sample length along. Subject to regulatory approval, the project could produce up to 120 kilotons per year of contained nickel in the form of mixed hydroxide precipitate (MHP), a lower-cost nickel product used in EV batteries with nickel-rich cathodes. precision of the samples is within acceptable limits. Home; About Us. Horizonte Minerals Plc [TSX:HZM] [AIM:HZM]. Historical soil sampling was completed by Vale. Core was cut and core sampled and sent to commercial laboratories for physical preparation and. alternative Vale personnel. Warren Buffett said that he likes "a business with enduring competitive advantages that is run by able and owner-oriented people." Araguaia Nickel Project line 2 Feasibility Study, which aims to double nickel production from 14,500 tonnes per annum to 29,000 tonnes per annum, remains on track for publication in H2 2023.". No quantitative twinned drilling analysis has been undertaken at the project to date. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Trend Investing hosts a Marketplace Service called Trend Investing for professional and sophisticated investors. Mr Barnes and Mr Fitzhardinge consent to the. See also Seeking Alpha Terms of Use of which all site users have agreed to follow. CTM Substantial Shareholders Under ASX rules large investors and investment funds must disclose when they own more than a 5% stake in Centaurus Metals Limited (CTM). "0.97% Ni, 0.45% Cu, 0.07% Co, 0.80 g/t Palladium, 0.27 g/t Platinum over 16.4m in Hole PN-23-023. 0.57% Ni, 0.17% Cu, 0.04% Co, 0.47 g/t Palladium, 0.18g/t Platinum over 14.8m in Hole PN-23-02.. Drilling has completed for the winter season, and will resume in the summer. On April 27 Nickel Industries Limited announced: Quarterly activities report for the quarter ended 31 March 2023. Centaurus Metals Limited published this content on 20 January 2022 and is solely responsible for the information contained therein. The Company is engaged in the exploration and evaluation activities related to mineral resources in Brazil. "First four holes intersected multi-hundred meter intervals of mineralized dunite across a strike length of two kilometers. Centaurus recently announced an updated JORC Resource of 80.6Mt at 0.91% Ni for 730,700, tonnes of contained nickel metal1 for Jaguar as the foundation for a new, globally significant. "Binding ore supply agreement entered into with Ma Kouaoua Mines (MKM) for up to 300,000 wmt per annum. Drill sections are spaced 100m apart and generally there. "The Companys Targets Statement was released on 4 April 2023 and, in the absence of a superior proposal, the Mincor Directors unanimously recommend that shareholders accept the Offer from Wyloo. Preliminary mineralogy samples from first two holes confirm: M, ineralization dominated by awaruite, a recoverable nickel-iron alloy mineral. The following Tables are provided for compliance with the JORC Code (2012 Edition) requirements for the reporting of Exploration Results and Mineral Resources at the Jaguar Project. owned Oracle Nickel Project (Oracle Nickel or ONI) has received its Izin Usaha Industri (IUI or Industrial Business Licence) enabling it to commence commercial sales from stockpiled NPI production. 2000 - 2023 HotCopper. This HPAL plant will operate under PT Kolaka Nickel Indonesia in the Pomalaa Block nickel industrial area in Kolaka, Southwest Sulawesi, Indonesia. Sub-samples are ground to specific sizes fractions (53-106m) for flotation testwork. Nickel spot prices were flat the last month. China's GEM Co Ltd, a battery and material recycler, has signed a joint venture agreement with SK On and ECOPRO Materials to set up a plant in South Korea to meet the conditions of the U.S. Inflation Reduction Act (IRA), it said on Friday. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. M, ore than triple Crawfords content of brucite, which is highly reactive for carbon sequestration, in hole MID23-02, Canada Nickel expands high grade, near surface mineralization at Texmont.". ", Nickel Industries Limited [ASX:NIC] (OTCPK:NICMF). Where the sample is wet a visual estimate of the sample recovery is made. Centaurus Metals (ASX: CTM) is an ASX-listed exploration company focused on the development of the advanced Jaguar Nickel Sulphide Project, located in the world-class Carajs Mineral Province in Brazil. Awarded all of the key material contracts at Araguaia, with first production on track for Q1 2024.. Feasibility study initiated at Vermelho, results due 1H 2024. All laboratory procedures are in line with industry standards. Management and the Board have determined to apply to resume Nickel 28s normal course issuer bid given that the trading price of the common shares continues to represent a substantial discount to Nickel 28s net asset value and does not reflect its underlying value. It might be worth looking deeper into this. Registered office: $75M INSTITUTIONAL PLACEMENT TO DRIVE CONTINUED GROWTH, AND DEVELOPMENT OF THE JAGUAR NICKEL SULPHIDE PROJECT, Proceeds to underpin a Definitive Feasibility Study (DFS) due by the end of 2022 including more than, 90,000m of drilling to further expand and upgrade the resource inventory, Firm commitments received to raise $75 million at $1.16 per share from over 20 high-quality. That worth noting, since hedge funds are often quite active investors, who may try to influence management. Listings as at 1 May 2023. GEM plans nickel joint venture in South Korea to serve US demand. ultricies, id mollis lorem volutpat. Nickel focus sustainable high-grade nickel sulphide asset leveraged to strong long-term Class-1 nickel market outlook, Favourable infrastructure-rich project location the world-class Carajs Mineral Province, Base Case Scoping Study confirms potential to become a sustainable, long-term and low-cost producer of Class-1 nickel for global markets, generating strong financial returns while also delivering significant social and economic benefits for local communities, Value-Add Scoping Study confirms potential to add significant value through the addition of downstream processing to produce battery-grade nickel sulphate for the growing electrification supply chain, Definitive Feasibility Study now underway, Three land acquisition agreements completed significant de-risking step for potential future development. or the quarter ended 31 March 2023. bag with a sample tag before being sent to the laboratory. This may not be consistent with full year annual report figures. "It also reflects the strong macro environment for the nickel, which recently hit 11-year highs on the strong demand outlook from the burgeoning EV, renewable energy and lithium-ion battery sectors. They are headquartered by their head office in West Perth. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. Concerned about the content? During the preparation process grain size control was completed by the laboratories (1 per 20, Metallurgical samples are crushed to 3.35mm and homogenised. recovery is approximately 90%, which is considered acceptable for the deposit type. The Companys projects include Jaguar Nickel Sulphide Project and Jambreiro Iron Ore Project. So they usually pay more attention to companies that are included in major indices. Trend Investing searches the globe for great investments with a focus on "trend investing" themes. No adjustments have been made to the assay data. The Directors of Nickel Mines Limited (Nickel Mines or the Company) are pleased to advise that its 70%. The Company is engaged in the exploration and evaluation activities related to mineral resources in Brazil. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. EAS Advisors, LLC, acting through Odeon Capital Group LLC, member of FINRA/SIPC/MSRB/NFA, acted as a US placement agent for the Company.
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