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World’s insatiable appetite for batteries sparks multi billion pound lithium mining boom in Australia! Via abcnews

Growing demand for batteries for electric cars and power storage is driving increased investment in lithium mining in Western Australia. WA is currently supplying more than 40 per cent of the world’s lithium and a new mine in the Pilbara is the latest in a string of investments in the industry. The West Australian Government is now encouraging industry to build a battery factory in the state to capitalise on the boom.

Cadence Minerals (KDNC) – Macarthur Minerals (TSX-V: MMS) to commence drilling Nickel Sulphide Targets at Lake Giles project, Western Australia.

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note that Macarthur Minerals (“Macarthur”, TSX-V: MMS) has announced it will commence drilling high priority nickel sulphide targets at its Lake Giles project in Western Australia. The targets were derived from recent geophysical surveys using Moving Loop Electromagnetic (“MLEM”). Surveying at Moonshine successfully delineated two bedrock conductors, MC01 and MC02, with a further bedrock conductor identified at the Snark prospect as announced on August 28, 2018.

Highlights:

  • A Moving Loop Electromagnetic (“MLEM”) survey was conducted across three prospects at the Lake Giles project. The survey targets were derived from previous drilling and soil geochemistry data that indicated potential for nickel sulphide.
  • Interpretation of data was undertaken by geophysicists from Newexco Services Pty Ltd who are experts in the application of geophysical surveys for the discovery of nickel sulphide deposits.
  • The survey at Moonshine recorded strong conductance across all five lines with modelling delineating two bedrock conductors, MC01 and MC02.
  • The survey at Snark identified two bedrock conductors at Snark, SC01 and SC02.
  • Conductors MC01 at Moonshine and SC01 at Snark are considered high priority targets and will be tested by drilling. Two drill holes have been planned to intersect the conductors at the point where they display a high EM response.
  • Orbit Drilling has been engaged to undertake the drill program and will mobilise to site in October upon receipt of drilling permits. An initial program of two holes drilled to a depth of 200m will be completed by the end of October. Follow-up drilling is scheduled to commence on return of favourable results.

Cadence holds approximately 12% of the issued equity interest in Macarthur, which is an Australian mining exploration company focused primarily on lithium, iron ore and gold in the Pilbara region of Western Australia. It also has a lithium project in Nevada, USA.

The full release can be found at:

https://web.tmxmoney.com/article.php?newsid=8947709919633253&qm_symbol=MMS

Cadence Minerals CEO Kiran Morzaria commented: “We are greatly encouraged by the progress and recent developments reported by the Macarthur Minerals team. Having already amassed a considerable historical dataset for Lake Giles, if the presence of a massive sulphide structure is confirmed, as CEO Cameron McCall says it will add additional value to the project with multiple commodities, and for Cadence Minerals it will provide further validation for the Macarthur investment case. We look forward to the results next month.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

– Ends –

For further information:

Cadence Minerals plc +44 (0) 207 440 0647
Andrew Suckling
Kiran Morzaria
WH Ireland Limited (NOMAD & Broker) +44 (0) 207 220 1666
James Joyce
James Sinclair-Ford
Hannam & Partners LLP (Joint Broker) +44 (0) 207 907 8500
Neil Passmore
Ingo Hofmaier

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

About Cadence Minerals:

Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale – upcoming supersized passenger vehicles, lorries and buses – require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market.

Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.

The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral’s goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.

Forward-Looking Statements:

Certain statements in this announcement are or may be deemed to be forward-looking statements. Forward-looking statements are identified by their use of terms and phrases such as ‘‘believe’’ ‘‘could’’ “should” ‘‘envisage’’ ‘‘estimate’’ ‘‘intend’’ ‘‘may’’ ‘‘plan’’ ‘‘will’’ or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors’ current expectations and assumptions regarding the Company’s future growth results of operations performance future capital and other expenditures (including the amount. nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward-looking statements reflect the Directors’ current beliefs and assumptions and are based on information currently available to the Directors.  Many factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward-looking statements.

ECR Minerals #ECR sees ‘significant gold opportunity’ at Blue Moon in Australia – Proactive Investors Stocktube

ECR Minerals PLC’s (LON:ECR) CEO Craig Brown and geologist Dr Rodney Boucher discuss the recent work programmes carried out at the Blue Moon gold project in Australia.

Strong performance helps Australian gold miners turn competitive in global M&As -DealStreetAsia

Blocks and pieces of gold. Photographer: Chris Ratcliffe/Bloomberg

Article by DealStreetAsia

Gold producers in Australia are outperforming their global competitors, prompting investors to encourage them to expand their horizons and acquire struggling North American rivals.

Boosted by some of the sector’s best margins, low debt and swelling cash piles, miners in the world’s No. 2 producer are defying a wider lull in gold equities. Saracen Mineral Holdings Ltd. and Northern Star Resources Ltd. have surged in the past year as rivals in Canada, the U.S. and South Africa faltered.

“Australian gold miners currently enjoy some of the highest margins in the world,” said Stephen Land, San Mateo, California-based portfolio manager at the $1.1 billion Franklin Gold and Precious Metals Fund. The producers are being supported by cuts to operating costs and stronger prices of bullion in Australian dollar terms.

Miners in Australia and New Zealand account for about 20 percent of the Franklin fund’s holdings, which last year added positions in Dacian Gold Ltd. and Gascoyne Resources Ltd. Australian companies are now valued more equitably against North American peers “allowing them to be competitive in global M&A,” Land said.

Newcrest Mining Ltd., Australia’s top producer, invested $250 million in Canada’s Lundin Gold Inc. this year, while St. Barbara Ltd. is examining potential deals that could include the U.S. Evolution Mining Ltd. and Northern Star are among other companies with the firepower to move on poorly performing North American miners in the short-to-medium term, Argonaut Securities Ltd. said in a note last month.

“We will consider adding overseas assets to our Australian portfolio,” Evolution’s Executive Chairman Jake Klein said in an emailed statement. The producer has a “preference for first world jurisdictions and hence North America is on the radar.” Northern Star didn’t immediately respond to a request for comment.

Valuations of Australian producers are on par with North American companies for “the first time in memory,” according to Joe Foster, New York-based portfolio manager for the $675 million VanEck International Investors Gold Fund. Australian and U.S. producers currently trade on a similar price-to-cash flow ratio, a metric favored by investors to compare companies in the same industry.

“Australia is a mature gold jurisdiction and companies will have to go abroad for opportunities,” Foster said. “‘If Australian investors won’t support international M&A, then the companies will have to look for support from investors abroad.”

Newcrest and Evolution are among the miners scheduled to address the three-day Diggers and Dealers forum starting Monday in Kalgoorlie, Western Australia. About 50 companies, including BHP Billiton Ltd., Fortescue Metals Group Ltd. and other producers of gold, base metals and battery raw materials will make presentations to more than 2,100 delegates.

Smaller producers including Dacian Gold, Gascoyne and Red 5 Ltd. all have room to grow with “interesting opportunities to deploy cash” on exploration, according to Franklin Templeton’s Land, whose fund holds all three companies. VanEck’s list of junior companies with potential includes West African Resources Ltd., Cardinal Resources Ltd. and Gold Road Resources Ltd., Foster said.

“The North American investors like what they see,” said Rohan Williams, executive chairman and chief executive officer of Perth-based Dacian, which poured a first gold bar in March at the Mount Morgans mine in Western Australia. Miners in the nation are winning attention by “aggressively exploring and finding more gold.” he said. Dacian raised almost A$50 million ($37 million) in share sales last month.

Australia’s gold producers can continue to outperform competitors — and woo global investors — by using strong cash flows to fund exploration at medium-sized mines that have historically lacked detailed studies, Melbourne-based RBC Capital Markets analyst Paul Hissey said in a note last month.

August’s Gold Market Looks ‘Ready For The Up Cycle’ – Sprott Money via Kitco News

By Anna Golubova  summer_gold_price_bottom(Kitco News) – Sunday July 29, 2018 

Gold might have finally found its price bottom after seeing three weeks of consecutive losses, said Sprott during Sprott Money’s Weekly Wrap-Up on Friday.

“We had our ‘wash, rinse and repeat’ and now we are ready for the up cycle,” stated Sprott.

August Comex gold hit a low of $1,217 on Friday and then continued to trade near its 12-month lows following the advance reading of second-quarter GDP that showed the U.S. economy growing 4.1%, which was slightly less than the 4.2% projected by market consensus.

“I think we might have hit a bottom sometime when gold got down to around $1,210 inter-day on Friday,” said Sprott.

Aside from this, demand for the yellow metal is also looking solid, which might help gold out in what is historically known as a very dull month.

“When you look at what’s going on with the Commitments of Traders and August gold contract coming up for expiry with that huge open interest,” Sprott said. “When you see exports of gold from Hong Kong into Chia go up 46% in the month of June, when you see the Russians continue to buy gold, selling treasuries hopefully to buy more gold, I sort of wonder if one of the things that China wouldn’t do is sell treasuries to buy gold if they get particularly upset with the new tariff regime.”

“I always thought we lived in a rather enchanted world, where interest rates were zero and we kept printing money all the time. And it looks like theoretically that world has ended,” Sprott said. “We have … signs of things cracking. The 20% decline in Facebook, Netflix running into a few problems, some of the companies that are affected by exports, particularly autos … So we have some segments of the market … that are in a bear market.”

Sprott pointed out that this is not surprising considering that the Federal Reserve is continuing to raise interest rates and shrink the money supply.

“The combination of the Fed shrinking the money supply and raising rates is not going to be constructive for the markets,” he said.

As August doldrums are rolling in, the gold market might surprise investors on the upside, according to Eric Sprott, billionaire precious metals investor and founder of Sprott Inc.

ECR Minerals #ECR Strategic & Operational Update

ECR Minerals plc (LON:ECR), the precious metals exploration and development company, is pleased to provide a business update for shareholders further to its announcement dated 11 July 2018, in which ECR Minerals outlined details of a strategic financing and an update on various areas where the additional working capital would be applied going forward. A link to this announcement is provided below:

https://polaris.brighterir.com/public/ecr_minerals/news/rns_widget/story/xo5go9w

Within the above ECR Minerals noted that it would prioritise work on Blue Moon, following the positive exploration drilling update, highlights which included evidence of a significant near surface mineralised system, with large mineralised gold intercepts up to 39.5 metres (apparent width) just 24.2 metres from surface, a link to which is also provided below.

https://polaris.brighterir.com/public/ecr_minerals/news/rns_widget/story/xp0773w

The accelerated development programme for Blue Moon will be released to market shortly, subject to certain commercially sensitive matters, namely in respect of new licence applications.

The Company also noted within the 11 July 2018 update, that ECR Minerals was “aware of numerous opportunities to augment its Australian gold exploration portfolio and the additional funds raised would enable ECR Minerals to review and crystallise those opportunities that could add considerable value for shareholders.”

The ECR Mineral’s technical team have reviewed many existing opportunities and identified a number of further potential target areas within Australia.

The target areas selected focus primarily on precious and strategic energy metals & minerals.

Those new precious metal opportunities are predominantly gold, including conglomerate hosted gold in Western Australia, alongside more traditional gold targets in the wider Victoria Region, to complement existing gold project interests.

Strategic energy metals & mineral opportunities include a wide range of options, but recent work has generally been focused on lithium and cobalt target areas.

ECR are moving forward rapidly and in order to pursue its growth agenda and to act on opportunities as they arise, an initial fund of A$100,000 (circa £56,000) has been ringfenced for activities including initial due diligence and licence application costs, where applicable.

Craig Brown, Chief Executive Officer of ECR Minerals plc, commented: “The recent strategic financing has placed the Company in an extremely strong financial position with sufficient working capital against current operational plans until at least Q3 2019.

The strength of this financial position means, as a Company, we are able to proactively progress our current business interests but also to aggressively pursue new opportunities that may complement our existing portfolio of projects in Australia.

This announcement confirms that we are seeking to build ECR’s portfolio expeditiously reflecting the resurgence in the Australian resource environment and the steadily reducing pool of reasonably priced projects and exploration ground.

At this time significant opportunities still exist and are to be seized upon by those with the focus, skillset and vision to do so.

Further updates will be provided as soon as practicable.”

COMPETENT PERSON STATEMENT

The information in this announcement that relates to Exploration Results is based on information compiled by Dr Rodney Boucher of Linex Pty Ltd. Linex Pty Ltd provides geological services to Mercator Gold Australia Pty Ltd, including the services of Dr Boucher, who has a PhD in geology, is a Member and RPGeo of the Australian Institute of Geoscientists and is a Member of the Australian Institute of Mining and Metallurgy. Dr Boucher has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Boucher consents to the inclusion in the announcement of the material based on his information in the form and context in which it appears.

ABOUT ECR MINERALS PLC

ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia has 100% ownership of the Avoca, Bailieston, Creswick, Moormbool and Timor gold exploration licences in central Victoria, Australia.

ECR has earned a 25% interest in the Danglay epithermal gold project, an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines. An NI43-101 technical report was completed in respect of the Danglay project in December 2015 and is available for download from ECR’s website.

ECR’s wholly owned Argentine subsidiary Ochre Mining has 100% ownership of the SLM gold project in La Rioja, Argentina. Exploration at SLM has focused on identifying small tonnage mesothermal gold deposits which may be suitable for relatively near-term production.

MARKET ABUSE REGULATIONS (EU) No. 596/2014

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc Tel: +44 (0)20 7929 1010
David Tang, Non-Executive Chairman
Craig Brown, Director & CEO

Email:

info@ecrminerals.com

Website: www.ecrminerals.com

WH Ireland Ltd Tel: +44 (0)161 832 2174
Nominated Adviser
Katy Mitchell/James Sinclair-Ford
Optiva Securities Ltd Tel: +44 (0)203 137 1902
Broker
Graeme Dickson
SI Capital Ltd Tel: +44 (0)1483 413500
Broker
Nick Emerson

FORWARD LOOKING STATEMENTS

This announcement may include forward looking statements. Such statements may be subject to numerous known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from current expectations. There can be no assurance that such statements will prove to be accurate and therefore actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements. Any forward-looking statements contained herein speak only as of the date hereof (unless stated otherwise) and, except as may be required by applicable laws or regulations (including the AIM Rules for Companies), the Company disclaims any obligation to update or modify such forward-looking statements because of new information, future events or for any other reason.

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