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Quarterly Activities Report – June Quarter 2022
Arcadia Minerals Limited (ASX:AM7, FRA:8OH) (Arcadia, AM7 or the Company), the diversified exploration company targeting a suite of battery metal projects aimed at Lithium, Tantalum, Nickel, Copper and Gold in Namibia, is pleased to provide its quarterly activities report for the period ending June 2022.
HIGHLIGHTS
- Bitterwasser Lithium Project: Final assay results for remaining 32 of the 64 holes drilled over the Eden Pan on a 500m grid received
- Bitterwasser Lithium Project: Regional investigation into Bitterwasser Lithium-in-clay and Lithium-in-brines minerals system defined extensive tectonic rift-related fault structures in a closed basin (the Kalkrand half-graben), similar to Clayton Valley in Nevada1
- Kum-Kum Nickel Project: Historical core samples obtained during investigation were sampled and returned the first known record of PGE and Au mineralisation in the ultramafic units of the Tantalite Valley Complex. The best results indicated mineralisation of2:
- 0.71% Ni, 0.28% Cu, 0.84 g/t Pd and 0.4 g/t Pt in orthopyroxenite
- 0.58% Ni, 0.30% Cu, 0.69 g/t Pd, 0.31 g/t Pt and 0.26% Au in orthopyroxenite
- Swanson Tantalum Project: Mineral Resource update delivers an estimate for a total indicated and inferred resource of 2.59Mt (an increase of 115%) at an average grade of 486 ppm Ta2O5 (an increase of 17.9%), 73 ppm Nb2O5 and 0.15 % Li2O.3 An Environmental Clearance Certificate and Mining Licence was also issued for the project.
1 Refer to ASX Announcement dated 09 May 2022 titled “Regional study advances work program for district scale Lithium in brines”
2 Refer to ASX Announcement dated 09 May 2022 titled “Kum-kum nickel project mineral systems approach results”
3 Refer to ASX Announcement dated 06 May 2022 titled “JORC Mineral Resource at Swanson Tantalum project doubles in size
SUMMARY OF MINING EXPLORATION FOR THE QUARTER
Bitterwasser Lithium Project
Assay results for the outstanding 32 drill holes from the 64-hole follow-up auger drilling campaign completed on 9 February 20224 over the Eden Pan was received during the quarter. All the drill holes commenced in the mineralised Upper Brown Clay Unit and every hole, except two drill holes where thin clay units were intercepted at the edges of the Eden Pan, were sampled from top to bottom up to a depth of 9.60m. Notably, the entire sequence of the drill holes sampled (i.e. Upper Brown Clay Unit and Middle Green Glay Unit) returned lithium mineralisation5.
Figure1: Stacked cross section of the Eden Pan depicting drill-hole interpretation with reference to the existing Mineral Resource (green layers) and clay units intercepted in the follow-up auger drilling program.
4 Refer to ASX Announcement dated 10 March 2022 titled “Encouraging lithium drilling assay results at Bitterwasser”.
5 Refer to ASX Announcement dated 2 May 2022 titled “Final Lithium Drilling assay results at Bitterwasser”.
6 Refer to ASX Announcement dated 3 November 2021 titled “Arcadia acquires lithium project with JORC Mineral Resources”.
Click here for the full ASX Release
This article includes content from Arcadia Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Drilling Completed At Karibib Copper-Gold Project
HIGHLIGHTS
- 551m (10-hole) Reverse Circulation (RC) Drilling program completed, with visual mineralisation encountered in 8 of the 10 holes
- Drilling only covered a 3km x 1km section of the 20km x 2km metasedimentary structure defined, where previous sampling included mineralisation grades of1:
- Average 4.32% Cu/1.49 g/t Au (Highest 28.4% Cu/7.65 g/t Au) in skarn-type, AND
- Average 1.94% Cu/2.06 g/t Au (Highest 5.69% Cu/26.3 g/t Au) in vein-type
- Visual inspection of RC-chip samples confirmed the interception of lithologies containing known mineralisation
- Mineralisation of sulphides and oxides (Chalcopyrite, Bornite, Pyrrhotite, Malachite and Azurite) were observed in RC-chip samples
- Samples dispatched to Scientific Services in Cape Town, South Africa for assay
- Results expected to be received by end of October 2022
- Electro-magnetic survey underway to delineate detailed structural features associated with mineralisation
The drilling program consisted of 10 drill holes drilled at a -60 and -75 degree inclination and at varied azimuths and depths dependent on the inferred geometry and geology of the targeted zone (refer to table 1 attached hereto as Annexure 1). Visual mineralisation was successfully encountered in drill holes KRC01, KRC02, KRC03, KRC07, KRC09, KRC10, KRC11 and KRC13. As a consequence, an additional hole was drilled to intersect mineralisation at deeper depth. Drilling only covered a 3km x 1km section of the 20km x 2km metasedimentary structure previously defined by a grab sampling program. A location map of the drilled holes is attached hereto as Annexure 2.
240 samples were taken from lithologies that are known to contain mineralisation in the area, and dispatched to Scientific Services in Cape Town, South Africa for assay. Results expected to be received by end of October 2022.
On the 7th of September 2021 the Company announced1 results from a grab sampling program over an inferred 20 km x 2 km metasedimentary structural feature. This structure contains similar geology than that encountered at the nearby Navachab Mine (5.3MozAu)2 and by various other explorers for gold mineralisation in the area, such as Osino Resources who developed its Twin Hills prospect3 (located 45km also within the Karibib gold belt) to contain a Mineral Resource of 2.1MozAu.
Click here for the full ASX Release
This article includes content from Arcadia Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Drilling Commenced At Karibib Copper-Gold Project
HIGHLIGHTS
- 526m (9-hole) Reverse Circulation (RC) Drilling program commenced
- Drilling targets focussed on lithologies known to contain mineralisation following comprehensive mapping and from previously attained grab sampling data
- Previous sampling reported a 20km x 2km metasedimentary structural feature, with mineralisation grades of:
- Average 4.32% Cu/1.49 g/t Au (Highest 28.4% Cu/7.65 g/t Au) in skarn-type, AND
- Average 1.94% Cu/2.06 g/t Au (Highest 5.69% Cu/26.3 g/t Au) in vein-type
- Aim of drilling program is to intersect significant mineralisation and to obtain a better understanding of the geology
- Geological environment similar to Navachab (5.3MozAu) and Twin Hills (2.1MozAu)1
Philip le Roux, the CEO of Arcadia stated: “Our focus with this drilling program is to test the geological horizons identified from our previously announced grab sampling program and recent comprehensive mapping, which horizons are considered most prospective for mineralisation based on previously received results. Once drilling has been completed, we should know a lot more about the tenor of mineralisation to shallow depths, which may warrant further drilling”.
Drilling Program
The drilling program is expected to consist of 9 drill holes drilled at a 60 degree inclination and at varied azimuths and depths dependent on the inferred geometry and geology of the targeted zone. Dependant on whether visual mineralisation is encountered in drill holes, an additional 3 holes will be drilled. A location map of the planned drill holes is attached hereto as Annexure 2.
On the 7th of September 2021 the Company announced2 results from a grab sampling program over an inferred 20 km x 2 km metasedimentary structural feature (See Figure 1 below). This structure contains similar geology than that encountered at the nearby Navachab Mine (5.3MozAu)3 and by various other explorers for gold mineralisation in the area, such as Osino Resources who developed its Twin Hills prospect4 (located 45km also within the Karibib gold belt) to contain a Mineral Resource of 2.1MozAu.
Results attained from the grab sampling program at Karibib were impressive, and were taken from lithology identified as either Skarn-type or Vein-type mineralisation:
Skarn-type mineralisation returned average copper mineralisation of 4.32 % Cu, with a highest value of 28.40% Cu. Average gold values of 1.49 g/t Au were returned, with a highest value of 7.65 g/t Au. Significant Silver mineralisation was also encountered (av. 50.50 g/t Ag with highest 453 g/t Ag) and up to 1% Tungsten.
Vein-type mineralisation returned average results of 1.94% Cu (highest 5.69% Cu), 2.06 g/t Au (highest 26.30 g/t Au) and 12.68 g/t Ag (highest 30.10 g/t Ag).
Both vein- and skarn-type mineralisation is known to contain economic mineralisation in the area5, and were encountered on or near the contact margins of large diorite intrusions.
Following the receipt of the high-grade sampling results and newly attained knowledge of the geology of the area, the Company conducted follow-up work by identifying locally occurring favourable geological settings which are likely to host diorite-proximal skarn- and vein-type mineralisation suitable for drilling.
Click here for the full ASX Release
This article includes content from Arcadia Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Kum-Kum Nickel Project Mineral Systems Approach Results
Arcadia Minerals Ltd (ASX:AM7, FRA:8OH) (Arcadia or the Company), the diversified exploration company targeting a suite of projects aimed at Tantalum, Lithium, Nickel, Copper and Gold in Namibia, is pleased to announce that the Department of Earth Sciences at the University of Stellenbosch concluded a Minerals Systems Approach investigation over the Kum-Kum Ni-Cu-PGE Project Licenses and delivered a report to the Company styled “Geological overview and sulphide mineralization potential of the Tantalite Valley Complex” by Drs. Martin Klausen and Bjorn von der Heyden & Mr Daniel Ferreira, Department of Earth Sciences, Stellenbosch University, May 2022, and this report will be made available on the Company’s website at www.arcardiaminerals.global.
- The Department of Earth Sciences at the University of Stellenbosch concluded a Minerals Systems Approach investigation over the Kum-Kum Ni-Cu-PGE Project Licenses
- During the investigation several historical documents containing exploration results over the Kum-Kum Project were discovered, which reported best historical borehole intersections from three boreholes drilled by Rio Tinto Exploration, Tantalite Valley Minerals and Southern Sphere between 1972 and 1976 as follows:
- 16.00 m @ 0.65% Ni, 0.16% Cu
- 6.00 m @ 0.61% Ni, 0.30% Cu
- 2.44 m @ 0.62% Ni, 0.30% Cu
- Historical core samples obtained were sampled and returned the first known record of PGE and Au mineralisation in the ultramafic units of the Tantalite Valley Complex. The best results indicated mineralisation of:
- 0.71% Ni, 0.28% Cu, 0.84 g/t Pd and 0.4 g/t Pt in orthopyroxenite
- 0.58% Ni, 0.30% Cu, 0.69 g/t Pd, 0.31 g/t Pt and 0.26% Au in orthopyroxenite
- The primary magmatic sulphides comprise of coarse-grained pentlandite, pyrrhotite, and chalcopyrite
- Whole rock geochemistry highlights the geochemical similarities between the TVC and the Kum-Kum complexes. The TVC crystallized as a mafic/ultramafic layered intrusion and likely from a primitive mantle-derived parental magma.
Philip le Roux, the CEO of Arcadia stated:
“Historical drilling results reporting high values of Nickel and Copper mineralisation attracted us to the Kum-Kum Project. From the work done by the team from the University of Stellenbosch it is evident that PGE and Au mineralisation is also present and that we are looking at a geological environment that possibly could contain a stratiform Ni-Cu-PGE disseminated sulphide ‘reef’ horizon. The prospect of possibly discovering a polymetallic (Ni, Cu, Au & PGE’s) deposit has increased the allure of the KumKum Project for us, which we will eagerly follow up with further exploration. The results of the study will assist the Company to focus its exploration efforts in order to define drill targets.”
Mineral Systems Approach Results
The Tantalite Valley Complex (TVC) has been subject to a geological study by a team from Arcadia and the University of Stellenbosch involving two field sampling campaigns (8 days; 94 field samples collected) augmented with detailed consideration of historical drill core segments (57 samples), and supporting data from historical records, hyperspectral mapping, and stream sediment sampling.
Collected field- and core- samples were subjected to a suite of analytical protocols including reflected- and transmitted-light optical petrography, whole-rock major and trace element chemistry, precious metal assays, sulphur isotope analyses, scanning electron microscopy with associated spectrometries and in-situ Laser Ablation Inductively Coupled Plasma Mass Spectrometry (LA-ICP-MS) of individual sulphide grains. Together, these results provide novel insights into the known mineralisation and prospectively of the TVC.
The TVC is a ~7 km long by 3.3 km wide and roughly oval-shaped mafic-ultramafic complex representing a fault-bound block inside a dextral Pofadder Shear Zone (PSZ) that cuts across southern Namibia. Existing geochronology places the TVC as a ~1.2 Ga intrusion and roughly coeval with a Kum Kum Klippe mafic complex that is located roughly 40 km south-east and along the strike of the PSZ.
Whole rock geochemistry highlights the geochemical similarities between the TVC and the Kum Kum suite, but with the former uniquely showing much stronger geochemical evidence for overwhelmingly cumulate rocks. This implies that the TVC crystallized as a significant mafic/ultramafic layered intrusion and likely from a primitive mantle-derived parental magma that originated from a metasomatized mantle.
Click here for the full ASX Release
This article includes content from Arcadia Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Pilot Plant Commences First Phase of Operations
Pursuit Minerals Ltd (ASX: PUR) (“PUR”, “Pursuit” or the “Company”) is pleased to provide the following update on key developments for its Lithium Carbonate Pilot Plant which has commenced the first phase of operations to produce Lithium Carbonate.
- Pilot Plant commissioning complete with first phase of operations for the production of Lithium Carbonate underway.
- Completion of dynamic simulation, mass balances and plant layout design conceptually producing 250 tonnes per annum of 99.95% battery grade Lithium Carbonate via conventional evaporation process method.
- Engagement of Ausenco to complete independent peer review study of the 250 tonne per annum plant design, block flow process, and evaporation pond design.
- Engagement of highly experienced engineering team to oversee and manage plant operations and first production of Lithium Carbonate.
Figure 1 – 250tpa Lithium Carbonate Plant at Pursuit’s purpose facility in Salta, Argentina.
The Company has completed the commissioning works of the Lithium Carbonate Pilot Plant and will now begin operations with the overall goal of producing battery grade Lithium Carbonate. The Pilot Plant will look to produce an initial sample batch using synthetic brine of approximately 50-100kg of product.
Following completion of this milestone, evaporated brine, currently being sourced from the Stage 1 Drilling Program, will be utilised to produce approximately 2 to 10 tonnes of Lithium Carbonate products anticipated to be battery grade product. After this, the Company will consider relocation of the Pilot Plant to site following the completion of construction and filling of evaporation ponds to provide feed for the plant.
Figure 2 – 250tpa Lithium Carbonate Plant at Pursuit’s purpose facility in Salta, Argentina.
In relation to the commencement of operations at the plant, Pursuit Managing Director & CEO, Aaron Revelle, said:
“The Rio Grande Sur Project continues to advance toward first production at a significant pace. With plant operations now underway, we look forward to the production of the first Lithium Carbonate products demonstrating the enormous potential of the Rio Grande Sur Lithium Project.”
In conjunction with our Stage 1 drilling program which is currently underway and the potential upgrade to our existing JORC resource, we continue to make significant progress on multiple fronts as we move toward becoming a Lithium producer. To this end, we continue to progress the environmental permitting applications to commence construction of the evaporation ponds which is currently being targeted for this year. The entire team is very excited about the production process, and we look forward to reporting on the results over the coming months.”
Click here for the full ASX Release
This article includes content from Pursuit Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Comment on Chilean Government's Announcement
CleanTech Lithium PLC (AIM:CTL, Frankfurt: T2N, OTCQX: CTLHF), an exploration and development company advancing lithium projects in Chile, today commented on the announcement by the Government of Chile regarding the designation of strategic salars and the creation of a Protected Salars Network under the current administration's National Lithium Strategy.
Yesterday afternoon, in Chile, within the session held by the Committee of Ministers for Sustainability, led by the Minister of Environment, the creation of a Protected Salt Flats Network was unanimously approved. To achieve the aims of the National Lithium Strategy, it was agreed that private companies can take leadership roles on salars that are outside of the protected network and are not defined as strategic. CTL's non-strategic projects, remain outside areas declared as protected or that need further studies for such protection declaration, and therefore are still eligble for exploration and exploitation.
The Government set a clear path ahead, calling upon private companies from early April 2024 to express interest in the additional salars for lithium projects. It is expected that around July 2024, the Minister of Mining will list the salt flats where there is private sector interest in leading exploitation and exploration projects and those that require local indigenous consultations. After July, will see the allocation of the Special Lithium Operation Contracts (CEOLs), which are the special contracts the State awards regulating the terms and conditions for the exploitation, and benefit of the lithium reserves and permitting a salt flat to become a commercial project.
CleanTech Lithium has already expressed interest by submitting the CEOLs in September 2023, for Laguna Verde and Francisco Basin, with support from the local communities in the region.
Highlights:
- The Chilean Government, led by the Minister of Environment, has agreed on a network of protected salars that will require further environmental assessment.
- CTL's non-strategic projects; Laguna Verde and Francisco Basin remain outside areas declared as protected or that need further studies for such protection declaration.
- From April 2024, private companies can express their interest to develop salars outside of the protected network.
- It is expected that by July 2024, the Minister of Mining will list the salt flats where there is private sector interest in leading exploitation and exploration projects and those that require local indigenous consultations and those that do not.
- Approval of CEOLs will then be awarded by the State for these salars
- Private companies are able to take leadership in developing these new lithium projects, potentially in participation with State entities or on their own.
Following the announcement, the Finance Minister Mario Marcel commented that Chile's current production could increase up to 70% by the end of decade and double in ten years.
Aldo Boitano, Chief Executive Officer of CleanTech Lithium, said:
"The announcement made by the Chilean Government moves the National Lithium Strategy forward in a very positive way. The news brings certainity to those salt flats that will be subject to a more detailed environmental assessment and those that are for potential exploration and eventually exploitation. At CleanTech Lithium, we continue to progress our direct lithium extraction (DLE) projects, highlighting our commitment to mining that minimises its environmental footprint, and listens to the local communities in the Atacama Region, both of which are key conditions of the Chile's lithium strategic framework.
"The anticipated approval of our CEOLs, submitted in September 2023 by the Company, is the next step forward for our projects, while deepening our local community engagement with our existing alliance and deployment of DLE technology".
Notes:
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this inside information is now considered to be in the public domain. The person who arranged for the release of this announcement on behalf of the Company was Gordon Stein, Director and CFO.
For further information contact: | ||
CleanTech Lithium PLC | ||
Aldo Boitano/Gordon Stein | Jersey office: +44 (0) 1534 668 321 Chile office: +562-32239222 | |
Or via Celicourt | ||
Celicourt Communications | +44 (0) 20 7770 6424 | |
Felicity Winkles/Philip Dennis/Ali AlQahtani | ||
Harbor Access - North America Jonathan Paterson/Lisa Micali | +1 475 477 9401 | |
Porter Novelli - Chile Ernesto Escobar | +569 95348744 Ernesto@publicoporternovelli.cl | |
Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Asia Szusciak | +44 (0) 207 628 3396 | |
Canaccord Genuity (Joint Broker) James Asensio | +44 (0) 207 523 4680 | |
Fox-Davies Capital Limited (Joint Broker) | +44 20 3884 8450 | |
Daniel Fox-Davies |
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
About CleanTech Lithium
CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and development company advancing sustainable lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium's mission is to produce material quantities of sustainable battery grade lithium products using Direct Lithium Extraction technology powered by renewable energy. The Company plans to be a leading supplier of 'green' lithium to the EV and battery manufacturing market.
CleanTech Lithium has two key lithium projects, Laguna Verde and Francisco Basin, and hold licences in Llamara and Salar de Atacama, located in the lithium triangle, a leading centre for battery grade lithium production. The two major projects: Laguna Verde and Francisco Basin are situated within basins controlled by the Company, which affords significant potential development and operational advantages. All four projects have direct access to existing infrastructure and renewable power.
CleanTech Lithium is committed to using renewable power for processing and reducing the environmental impact of its lithium production by utilising Direct Lithium Extraction with reinjection of spent brine. Direct Lithium Extraction is a transformative technology which removes lithium from brine, with higher recoveries than conventional processes. The method offers short development lead times with no extensive site construction or evaporation pond development so there is minimal water depletion from the aquifer. www.ctlithium.com
First Nations Engagement Key as Critical Minerals Boom Sweeps Canada
As Canada prepares to ramp up its efforts to supply the growing critical metals value chain, consulting with the country’s many First Nations communities is becoming more important than ever.
Demand for these key metals is projected to balloon over the next two decades. It is estimated that by 2050, 1.4 billion metric tons of copper will be required to facilitate electrification needs, with dozens of new mines needed.
For context, the total amount of copper mined throughout human history only tallies 700 million metric tons.
Looking beyond copper, a 2023 report from the Fraser Institute indicates that to achieve ambitious 2050 climate targets, the world will need at least 388 new mines focused on lithium, cobalt, nickel and other battery raw materials.
In Canada, many of these new mines will be in or adjacent to First Nations communities, which makes consultation and engagement a key priority in order to get the mines built. However, in recent months there have been several reports of First Nations communities opposing new projects. Most prominent has been the pushback on mining activity in Ontario’s Ring of Fire, and more broadly on the provincial government’s permitting process.
In 2023, the Ford government implemented legislation to expedite mine and access road permits. However, the Building More Mines Act is devoid of any mention of First Nations engagement despite previous assurances that local Indigenous communities would be consulted and apprised of mining-related activities on their lands.
Additionally, the current exploration permitting process in the province allows claims to be staked with virtually with no initial input from the communities this process may impact.
With those and other circumstances in mind, it's no surprise that the topic of improving relations between First Nations communities and the mining sector was a recurring theme at the annual Prospectors & Developers Association of Canada convention (PDAC), held in early March. Here's what key stakeholders had to say.
Indigenous voices urge early and frequent contact
During a panel discussion at the convention titled "Where Exploration Meets Operations: Sustainable Value Chains for Critical Minerals," experts emphasized the significance of early and substantive involvement with Indigenous communities in the exploration and development phases of mining projects.
Among the panelists was Valerie Taggart, project coordinator for the Algonquins of Pikwakanagan First Nation. Taggart, who is of settler descent and lives with her partner on the traditional and unceded territory of the Algonquin, offered insight on the historical challenges between First Nations communities and the mining sector.
“I have found that historically First Nations people have been told what sustainability is. It's innovative technology, energy efficiency. It's electrifying areas previously dominated by fossil fuels and following parameters laid out by government agencies,” she told attendees, adding, “First Nations people have been told that sustainability is a world issue, and as such requires a worldly approach to lower overall emissions, the human carbon footprint and pollution."
However, she pointed out that for many First Nations communities the concept of sustainability is much more local.
“The health of the land, water and air are paramount to the sustainability of the Algonquin people themselves, whose culture and way of life is deeply rooted in land-based practices like hunting, fishing and trapping, which is their constitutional right,” Taggart explained to the audience.
She also underscored the need for the mining industry to understand its cumulative impact, noting that First Nations are often having conversations with multiple mining companies, not just one.
“First Nations people must endure a higher volume of traffic noise and air pollution, water contamination and all the other negative impacts that come with the day-to-day operations of a mine,” she said.
“These are measurable impacts; we know these impacts are present. When the plants are no longer harvestable, the animals are displaced and driven from their homes so that people go hungry.”
Recognizing the potential negative impacts of mining projects on First Nation communities, Taggart emphasized meaningful engagement as a pathway to mitigate these repercussions.
“The Algonquin people of Pikwakanagan feel that the earlier a First Nation becomes aware of and engaged in a project, even as early as the conception phase, the better for all parties,” she said. “The more involved a First Nation is in various studies that aid in the outcome of a project in a real and tangible way, the better the overall outcome of a project.”
She suggested that companies begin First Nations engagement as soon as a viable resource has been defined, while emphasizing the importance of understanding that each community is unique.
“It's really important to reach out and allow them to kind of lead that process and to engage with them as they see fit,” she said. “Because everybody has a different level of comfort in engaging with proponents in their territory.”
Mining companies keen to establish and maintain trust
Mining sector panelists also highlighted the necessity for transparent communication, advocating for community involvement at an early stage, and for the integration of Indigenous experts right from project inception.
For Stephen Crozier, vice president of sustainability at Wyloo, the process begins with establishing trust.
He explained that the mining industry has been less than transparent in the past, and must address this shortcoming in relation to its collaboration with First Nations communities, non-First Nations communities and the general public.
Crozier went on to identify compartmentalization of information as a major hurdle that impedes effective governance and relationship building. To address this issue, he suggested a paradigm shift that he described as the “glass box" approach, which prioritizes comprehensive data collection and structured access.
“It's not a glass box in the sense that this is a transparency initiative, it's far more fundamental than that,” he told the audience at PDAC. “What we want to capture is all of the either structured or unstructured data streams that relate to what it is we're proposing to do — how we're going to engineer it, how we construct it, how we operate and how we commission and provide that picture. (We want to) ensure that we have that data collection so that it's available to navigate, so we can provide access to parties in a structured manner.”
Blair Way, COO and director of Patriot Battery Metals (TSXV:PMET,ASX:PMT,OTCQX:PMETF), said consultation must begin at a very early stage. Patriot is developing the Corvette lithium project in the Eeyou Istchee James Bay region of Québec.
The company began engaging with local Cree First Nation community before deploying any “boots on the ground.” The process began during COVID-19 lockdowns and was facilitated primarily through Zoom calls and virtual meetings. As COVID restrictions eased, community engagement transitioned from virtual platforms to in-person interactions, marking a pivotal shift in dialogue dynamics.
“The level of interest that we experienced from those early discussions has fed our relationship from day one,” Way said. “Again, it comes down to the word 'trust' — you talk about what you're doing, you say what you do and do what you say, and do that right from the get go.”
Patriot also brought on First Nations members to work alongside the company and witness the exploration processes.
By openly discussing operations and aligning actions with words, a foundation of trust was established, laying the groundwork for ongoing collaboration, Way noted. With 11 drill rigs now deployed, the Indigenous community remains informed and actively participates in project activities with Patriot.
Using a similar process, Geneviève Morinville, vice president of sustainability and regulatory affairs at Winsome Resources (ASX:WR1,OTCQB:WRSLF), underscored the importance of early consultation and site transparency as well.
“The team saw really quickly that it was important to have a dedicated person towards sustainability and develop the community relations to make sure we were present on the ground,” she commented. “We actually brought folks from elders to the younger generations to come and see what our work was.”
This entailed showcasing equipment and explaining the exploration process. Winsome, which also operates in the Eeyou Istchee James Bay region of Québec, has committed to regularly updating the local Cree First Nation about site activities while soliciting feedback and advice from the community, explained Morinville.
Wrapping up the talk, Taggart reminded panelists and attendees to be respectful of the nations they work alongside.
“Remember the hardships that First Nations people face every day, the systemic racism that they face on job sites and in their life, whether you're engaging with these nations,” she said.
“Take cultural awareness training if it's offered, because it will help you. And the more that you listen to the First Nations communities that you are working with on your projects, the more sustainable your projects will be overall.”
With audio files from Lauren Kelly.
To see the rest of INN's PDAC content, click here.
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Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
Nevada Sunrise Metals CEO Shares 2024 Plans to Advance Gemini Lithium Project
Nevada Sunrise Metals (TSXV:NEV) President and CEO Warren Stanyer said the company's next steps at its Gemini lithium project in Nevada are to undertake further drilling, bring it to the preliminary economic assessment( PEA) stage and find the right partners to move it forward.
“We drilled five holes right into the spring of 2023. That led to the production of a NI 43-101 compliant resource of 7.1 million metric tons of lithium carbonate equivalent, which is beyond our expectations. We really didn't know what we were going to get,” he said. “The deposit is open in basically all directions. So really it's drilling more, getting to the PEA stage (and) attracting a big industry partner. Those are our goals for the project.”
Gemini has emerged as one of the world's largest lithium resources, and the fourth largest in the US, according to Stanyer. And with more drilling planned for the project, the company is preparing to finance the next steps for Gemini.
“At this point, I just feel like the sky's the limit. I don't know how big it will be. But the more holes we drill, the more we'll find out.”
Watch the full interview with Nevada Sunrise Metals President and CEO Warren Stanyer above.
Disclaimer: This interview is sponsored by Nevada Sunrise Metals (TSXV:NEV). This interview provides information which was sourced by the Investing News Network (INN) and approved by Nevada Sunrise Metalsin order to help investors learn more about the company. Nevada Sunrise Metals is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Nevada Sunrise Metalsand seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
Galan Investor Presentation Singapore March 2024
Galan Lithium Limited (ASX:GLN) (Galan or the Company) is pleased to present its investor presentation.
This article includes content from Galan Lithium, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Extension To Share Purchase Plan
Lithium Universe Limited (referred to as "Lithium Universe" or the "Company," ASX: "LU7") provides the following update regarding its $3.0 million Share Purchase Plan (SPP), as announced on 13 March 2024 (ASX release: LU7 Launches Share Purchase Plan).
Highlights
- Revised closing date for the Share Purchase Plan (SPP) is to be 10th April 2024
- Directors confirm their willingness to participate in the SPP
The Company has received feedback from several shareholders that due to the SPP closing date being just after the Easter holiday break, as well as difficulties encountered in shareholder’s taking up their entitlements, the Board has made the decision to extend the SPP offer date by one (1) week. By doing so, this will ensure that all shareholders have sufficient time to participate.
The revised indicative timetable for completion of the SPP is as follows, with the revised dates highlighted in blue *:
*Please note, the dates set out above are indicative only and are subject to change without notice to you. Any change in the timetable does not affect any rights or obligations you have as a result of accepting the SPP.
All LU7 directors who are eligible to participate in the SPP intend on taking up their SPP entitlement.
Should shareholders have any questions in participating in the SPP, including accessing their applications, then please contact the Company’s Joint Company Secretary, Kurt Laney at kurt.laney@vfassociates.com.au.
This article includes content from Lithium Universe Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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