Yesterday, Red Cloud hosted the first day of its three-day 2022 Very Pre-PDAC Mining Showcase, which featured 36 presenting uranium and battery metal companies including our keynote speakers Andrew Leyland, Head of Strategic Advisory at Benchmark Mineral Intelligence and Anna Bryndza, Executive Vice President at UxC, LLC and had over 1,000 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event. If you would like to attend Day Two and Three of Red Cloud’s 2022 Very Pre-PDAC Mining Showcase, register here. Replays are available on the Red Cloud website.
Tag: Giyani Metals Corp.
Giyani Metals announced the completion of exploration drilling at its Otse prospect, part of the 100%-owned K.Hill manganese project in Botswana. After increasing its K.Hill deposit resource estimate by 25% earlier this year, we view these nearby Otse drill results very positively. High-grade mineralization has been intercepted in multiple drill holes which we believe will bode well for updated resource estimate expected in H1/22. In our view, the K.Hill project continues to impress as recent discoveries such as the B Horizon, K.Hill Extension, and Otse and Lobatse prospects, could potentially become sources of high-grade mill feed to the plant helping to lower future operating costs and eventually extend the mine life of the K. Hill project.
Yesterday, Red Cloud hosted the third and final day of its three-day 2021 Oktoberfest Fall Mining Showcase, which featured 28 presenting companies including our keynote speaker John Ciampaglia, CEO of Sprott Asset Management, and had over 1,000 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the live event. A recap of our Day One and Day Two highlights can be found on our research portal page. Replays are also available on the Red Cloud website.
Q3 Producer Preview & Commodity Price Update – Lowering Gold Price Forecasts While Most Commodities Increased
Q3 operating and financial results are to be announced over the next few weeks. While gold is out of favour, prices have been trading within a narrow window that have allowed companies to continue to turn profits, despite an uncertain outlook. Late summer was hard on most commodities as precious and industrial metals alike fell on a slowdown in global economic growth due to surging fuel prices, Chinese power restrictions, labour shortages, disrupted global supply chains and a stronger USD. Metal prices came under further pressure as major property developer Evergrande missed further bond payments, impacting iron ore and copper prices. With this update, we provide new commodity price and FX forecasts, updated coverage estimates, and a fresh set of top picks.
Giyani Metals announced a resource update for its 100%-owned K.Hill manganese project in Botswana. Importantly, the new resource saw a ~25% increase in total contained MnO, and included a maiden indicated resource estimate (the previous estimate was inferred only). In our view, the conversion to indicated resources has further de-risked the K.Hill project, and we expect the new resource to be incorporated in the all-important, upcoming feasibility study (FS) for the project.