Top 5 resources: battery recyclers, porphyry hunters and discovery of “extraordinary” uranium
- Hannans got a big discount after switching to battery recycling earlier this month
- 92E just picked the perfect time to make a uranium discovery in Canada
- 3,200m of drilling has now started on the flagship Culpeo copper project, ‘Las Petacas’
Here are the biggest winners from small-cap resources at the start of the session on Monday, September 20.
This humble nickel explorer has received a significant revaluation after stepping into the lithium-ion battery recycling game earlier this month.
Hannans wants to recover high purity metals from waste and used batteries in Norway, Sweden, Denmark and Finland – the region with the highest electric vehicle (EV) penetration rates in the world.
Subject to securing a source of raw material, Hannans’ decision on the locations of the phase 1 plants is expected in the first quarter of next year.
A decision on a Phase 2 plant – which would refine a mineral-rich “black mass” with high-purity chemicals like nickel, cobalt, lithium and manganese – is expected in the second half of 2022.
The $ 83 million market-cap stock has risen 220% in the past month.
92E has just chosen the perfect moment to make a discovery of uranium.
Drill Hole Achieves “Extraordinary” 5.5m Level of 0.12% U3O8 in the “Gemini Mineralized Zone” (GMZ), part of the Gemini Project in the Athabasca Basin, Saskatchewan .
Gemini is 27 km from McArthur River, one of the largest and richest uranium deposits in the world.
GMZ discovery is wide open, says 92E.
“Identifying 5.5m of 0.12% U3O8 on the fourth drill hole of our inaugural drill program is an extraordinary result for 92 Energy,” said 92E general manager Siobhan Lancaster.
“It is important to note that assays from this borehole show similarities to other early holes in major uranium discoveries in the Athabasca Basin, in terms of grade, width, types of alteration and intensity, and we look forward to follow-up drilling to determine the extent of mineralization. . “
The $ 40 million market-cap stock has risen 364% over the past month and 410% from its April IPO price of 20c per share.
The newly listed explorer raised $ 6 million during its IPO to search for monster porphyry in the world’s richest copper jurisdiction, Chile.
Porphyries are responsible for about 60% of the world’s copper, most of its molybdenum, and significant amounts of gold and silver.
3,200m of drilling has now started on its flagship “Las Petacas” project, where copper has been defined over an area of approximately 6 km.
“With the ASX list now complete, we have mobilized our highly experienced exploration team to the site and look forward to presenting the results of this drilling program which will test multiple targets on the 6 km long mineralized trend on our Las project. Petacas, ”said Culpeo, manager told director Max Tuesley.
“Our on-site team is already finding new areas of visible surface copper mineralization during construction of the drill rig, which is really exciting.”
The $ 14.5million market-cap stock was up 80% from its IPO price of 20c per share at the start of trading.
The Spain-based lithium game didn’t let the potentially catastrophic cancellation of its project permit by the local government stop it from moving towards a production decision.
Test work encountered at “bench scale” (very small scale) has now produced battery grade lithium chemicals – both carbonate and hydroxide – from the “San José” project, a declared INF today.
A pilot program, designed to confirm the scalability of the process emerging from bench-scale test work, is being carried out in parallel.
The pilot-scale testing work is an integral part of the feasibility study for San José, according to INF.
The $ 48 million market-cap stock is down 26% year-to-date.
Former mining entrepreneur RDG acquired the ‘Lucky Bay’ garnet project in WA earlier this year.
High quality alluvial garnet products are used in the sandblasting and waterjet cutting markets.
Today, the stock announced an initial life of 29 years for the Lucky Bay mine, based on a high confidence ore reserve of 202 million tonnes at 5.4% heavy minerals (ML) with a grade garnet average of 86% in ML.
The project has a net present value (NPV) of $ 483 million and an internal rate of return of 48%.
Both NPV and IRR are a measure of the potential profitability of projects – the higher above zero, the better.
“This is an important milestone for the project and confirms the value this project creates for RDG,” said Managing Director Andrew Ellison.