The Monday Post 1

Starting this week on a Monday, I’ll be rounding up information from across the industry including company updates, wider news and events that may be of interest. It’s all in one place, every week, sans nonsense.

COMPANY UPDATES:

Cabral Gold (TSXV:CBR) have just commenced a 25,000m drill program at their Cuiú Cuiú gold project in the Tapajós region of Brazil.

Chesterfield Resources (AIM:CHF), a junior exploration company exploring for copper and gold in Cyprus, are set to commence a 2000m diamond drill program in early September. The first 1000m will test pre-determined targets, and the latter 1000m will be determined following the results of the first round.

Contact Gold (TSXV:C) commenced their 2020 drill program at their Green Spring gold project in Nevada. They will test several targets, including historically producing pits, with the aim of expanding known gold mineralization.

Capitan Mining (TSXV:CAPT) began trading on Sept 10th on the TSXV, an important milestone for the company. This is shortly following the successful completion of a ‘spin-out’ of their shares by Riverside Resources (TSXV:RRI).

Ares Strategic Mining (TSXV:ARS) announced a 1500m follow-up RC drill program at their Lost Sheep Mine, the only producing fluorspar mine in the US, after discovering additional fluorite pipes on their permitted property.

 

INDUSTRY NEWS:

I can’t imagine you missed it - Jean-Sebastien Jacques, the CEO of Rio Tinto, is to quit over rampant criticism for the destruction of an Aboriginal site in the Pilbara region of Australia. Also leaving is Chris Salisbury (Iron Ore Head) and Simone Niven (Corporate Affairs). How did it take this long.

The European Commission released their ‘Action Plan on Critical Raw Materials’, designating their new plans to increase the security and sustainability on our supply of raw materials. They added lithium to their list of critical metals bringing to the forefront the current discussion on developing a UK-based lithium supply chain. Exciting news for Cornish Lithium!

Turbulence in Indian mining legislation - A significant change to India’s mining legislation could leave gaping holes for companies to ignore regulations. The Indian government are entitled to 100% of the value of all minerals extracted illegally. In August 2020, the Union Mines Ministry released provisional proposed reforms that change the definition of ‘illegal’. Rather than ‘illegal’ referring to minerals extracted outside of regulations, it will instead refer only to minerals extracted outside the mining lease. Anything goes inside the mining lease - that includes extraction beyond the approved mine plan and ignorance of environmental laws. I’m as baffled as you are. They gave 10 days for other states to respond to the proposed changes. The changes have been rejected by the Jharkhand government, who would see significant economic repercussions from the changes. More details below.

 

EVENTS:

Tuesday 15th, 9:00 BST - ‘UK Critical Minerals - An Opportunity for Britain to Secure Supply’. Hosted by the Critical Minerals Association (Frances Wall, Jeremy Wrathall, Brett Grist, Ian Higgins).

Wednesday 16th, 8:00 GMT - Ore Deposits Hub talk. Emplacement, crystallisation and PGE ore formation of the Bushveld Complex, South Africa: new geochronological, microtextural and PGE data. By Wolfgang Maier.

Wednesday 16th, 16:00 GMT - Ore Deposits Hub talk Rare Earth Elements - Minerals, Deposits & Markers. By Darren Smith.

See you all next week!

Esme

 

Further information:

Ore Deposits Hub talks:

https://oredepositshub.com/upcoming-talks/

Critical Minerals talk:
https://t.co/z8jQaKcQSl?amp=1

Cabral Gold:
https://www.cabralgold.com/

Chesterfield Resources:
https://www.chesterfieldresourcesplc.com/

Contact Gold:
http://contactgold.com/

Capitan Mining:
https://capitanmining.com/

Ares Strategic Mining:
https://www.aresmining.com/

European Commission Action Plan:
https://ec.europa.eu/commission/presscorner/detail/en/ip_20_1542

India’s Mining Reforms:
https://scroll.in/article/972064/illegal-mining-could-soon-become-legal-modi-government-gives-just-10-days-for-public-feedback
https://timesofindia.indiatimes.com/city/ranchi/state-against-centres-proposal-to-change-illegal-mining-definition/articleshow/78068289.cms

To keep your eye on this situation, follow Hemant Soren (Jharkhand, Chief Minister) on twitter.