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Tag: ValOre Metals Corp.

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ValOre Metals Corp. (TSXV:VO) – Increased Target Price on Doubling of Resource to 2.2M oz Pd-Pt-Au

Pedra Branca inferred resource added two zones and now encompasses seven deposits for a total inferred resource that has over doubled to 63.6 Mt at 1.08 g/t 2PGE+Au for 2.198M oz. This equates to $5.40/oz discovery cost after incorporating an additional 17,434m since 2019. Notably, Trapia resources increased by a factor of four to 885k oz PGE+Au alone. Property wide, we estimate Pd and Pt to make up 75% and 22% of in-situ value, respectively, assuming separate recoveries for weathered and fresh rock sources. Overall, we are pleased that updated resources handily beat our expectations of at least 2M oz 2PGE+Au, with average grades maintained above 1 g/t. This increased estimate, when combined with its 43M lb high grade U3O8 project makes ValOre a unique green energy exploration investment choice. We believe new critical mass and upside potential helps move Pedra Branca towards being stand-alone worthy, and speculate that a spin-out may unlock further value.

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