AME Roundup: A Pair of Base Metals Projects (Nickel and Zinc) for the Watch List

Balmoral Resources, Osisko Metals Capitalize on Nickel and Zinc Boom

January 26, 2020 Catherine Skrzypinski Analyst Articles, Mining, Mining - Base Metals

VANCOUVER – The AME Roundup focused on technical highlights and industry successes of British Columbia’s mineral exploration industry. Here are a couple of takeaways from the 2020 conference:

  1. Nickel Demand Remains High in 2020

Balmoral logoThe rise of nickel production throughout the 2010s is seeing renewed activity among investors and explorers. Nickel is critical in the long-term trend of electric vehicles (EVs), renewable energy and battery storage.

Greg Honig, director of origination, Canada at Resource Capital Funds, said the stainless steel sector – accounting for 70% of global nickel consumption – would continue to grow in 2020, while nickel pig iron will continue to disrupt the industry. Car battery manufactures are still demanding nickel for the production of EVs.

On the exploration side, Balmoral Resources Ltd. (TSX:BAR) is exploring a portfolio of gold and base metal properties in Canada’s Abitibi region.

Balmoral’s flagship, the 1,000 sq. km Detour Gold Trend Project, hosts the resource-stage Bug and Martiniere West gold deposits and the Grasset nickel-copper-cobalt-PGE deposit.

The company discovered nickel and copper in 2012 and 2014 at the Grasset property. Grasset is one of the largest nickel sulphide deposits in the region.

“The exploration of Grasset is still in its infancy,” said Michael Tucker, exploration manager at Balmoral Resources.

  1. Reopening of a Prolific Canadian Zinc Mine

Zinc explorers, like Osisko Metals Inc. (TSXV:OM), remain bullish about zinc in 2020. A Northwest Territories zinc mine could be in operation by the mid-2020s.

Osisko logo2The original Pine Point zinc mine ran from 1965 until 1987, according to Mining News.

In November 2019, Osisko Metals released a NI43-101 near-surface Inferred Mineral Resource Estimate at Pine Point of 52.4 million tonnes grading 4.64% zinc and 1.83% lead (6.47% ZnEq), containing 5.3 billion pounds of zinc and 2.1 billion pounds of lead.

“There is much potential in the Pine Point Foundation,” said Robert Wares, executive chairman of Osisko Metals Inc. “Most of the foundation remains undrilled, while the infrastructure is still in place – hydroelectric power, and rail and road access.”

//

About Catherine Skrzypinski 8 Articles
Catherine Skrzypinski has worked as a reporter and editor in North America and Europe for two decades. She has covered various aspects of global business throughout her career, including energy, finance, international trade, human resources, leadership, mining, oil, steel, technology, transport and travel. A graduate of Syracuse University in New York with a Bachelor of Science/Bachelor of Arts degree in journalism and international relations, Catherine also received a Master of Arts in European Journalism from Cardiff University, Wales.

Related Articles

CNRI video button
Analyst Articles

VIDEO: Chris Thompson of eResearch talks about Initiating Coverage on Canadian North Resources

September 10, 2022 Chris Thompson Analyst Articles, Canadian North Resources, Company Reports, eR Reports, Mining - Base Metals, Mining - Battery Metals, Mining - Precious Metals, Video-of-the-Day, Videos

In this short video, Chris Thompson of eResearch talks about Initiating Coverage on Canadian North Resources (TSXV:CNRI | FSE:EO0) and eResearch’s 61-page Equity Research Report that covers an in-depth analysis of the company and a detailed overview of its exploration projects in Nunavut. [more]

2024-03-03 PDAC 2024 - Rick Rule - Investing Perspectives - PDAC 2024
Analyst Articles

Investing Perspectives from Rick Rule at PDAC 2024

March 17, 2024 Chris Thompson Analyst Articles, Deals, Events, Media, Mining, Mining - Ag Minerals, Mining - Base Metals, Mining - Battery Metals, Mining - Industrial Minerals, Mining - Other Metals, Mining - Precious Metals, Mining - REE, Mining - Uranium, PDAC

At the PDAC 2024 conference, Rick Rule shared insights into the resource sector’s investment landscape. Highlighting the underpricing in commodity markets due to geopolitical tensions and investor pessimism, Rule outlined strategic investment recommendations across the oil & gas, uranium, and gold sectors. Emphasizing the importance of quality, liquidity, and experienced management, Rule’s presentation offered a guide for investors aiming to navigate the volatile commodity markets. His bullish outlook, backed by a strategic approach to undervalued sectors, provides a blueprint for capitalizing on current market opportunities. [more]

CNRI - Banner - FI 2
Analyst Articles

NEW INITIATION REPORT – Canadian North Resources – Advanced-Stage Canadian PGM & Base Metal Resource Ready for the North American Clean Tech Industry

July 25, 2022 Chris Thompson Analyst Articles, Canadian North Resources, Company Reports, eR Reports, Mining - Base Metals, Mining - Battery Metals, Mining - Precious Metals

We have written a 61-page Initiation Report on Canadian North Resources, a Canadian-based mineral exploration and development company that explores for minerals in Nunavut, Canada. The Company has acquired a 100% interest in the Ferguson Lake Project, which comprises an area of 253.8 sq. km (over 62,715 acres). The project hosts a recently updated NI 43-101 mineral resource containing: an Indicated Mineral Resource of 455 Mlb Cu at 0.85%, 321 Mlb Ni at 0.60%, 37.5 Mlb Co at 0.07%, 1.08 Moz Pd at 1.38 g/t, and 0.18 Moz Pt at 0.23 g/t; and an Inferred Mineral Resource containing 947 Mlb Cu at 0.91%, 551.5 Mlb Ni at 0.53%, 62.4 Mlb Co at 0.06%, 2.12 Moz Pd at 1.4 g/t, and 0.38 Moz Pt at 0.25 g/t. We are Initiating Coverage with a Speculative Buy rating and one-year price target of $5.00. [more]