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Manning Ventures plans drilling at three iron ore properties in Quebec

Iron ore is the primary source of the mineral substance that goes into steel, the foundation of the world’s industrial activities.

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This article was originally published by A Head of the Herd


Iron ore is the primary source of the mineral substance that goes into steel, the foundation of the world’s industrial activities.

Thanks to a robust growth in global demand and strong fundamentals, the commodity has had an impressive rally at the start of the year, culminating in an all-time high of $235.55/tonne in May.

Iron ore miners and their shareholders, too, have reaped the rewards, with record profits and dividends from the likes of BHP and Rio Tinto.

While iron ore prices have slumped in recent months as China, the biggest consumer, looks to reduce its steel output for H2 2021, government stimulus leading to massive investments in steel infrastructure isn’t likely to go away, especially in the longer term.

The World Steel Association projects global steel demand to grow 5.8% this year to exceed pre-pandemic levels, followed by another 2.7% increase the year after. China’s consumption, more than half of the global total, will keep growing from record levels.

Source: World Steel Association

Since China’s planned steel production cuts this year are partly to help the country to reduce its carbon emissions, some believe that such measures only help to “cool” iron ore prices for the time being.

Relative to its price, inflows of iron ore into China (and around the world) remain stable. According to Reuters columnist Clyde Russell, limiting its steel output will only have a marginal impact on the quantity of iron ore China needs to import.

Furthermore, in a recent podcast, BMO Capital Markets asserts that the Chinese narrative of planned steel production cuts in 2021 looks to be “an impractical suggestion” after such a strong first half.

Rather, the messaging has switched to ensuring exports don’t rise, instead of curbing production. H1 exported steel volumes of just under 75 million tonnes per annum would have to drop to 34Mtpa in the second half, to see no year-on-year growth.

“If that’s going to be the case, that should support global steel prices… we still expect a pretty high premium for high-grade iron ore products given where we expect steel prices to be, and given the pressure on the rest of the productive capacity in China to operate at high levels,” said podcast host Colin Hamilton, commodities analyst with BMO Capital Markets.

The investment bank this week raised its second-half price estimates for most base metals. The prices of nickel, aluminum, zinc and lead were adjusted upward by 7-8%, while for iron ore, BMO slowed the pace of its forecasted decline.

That brings us to the “Evergrande Moment”.

Investors world-wide are concerned that Evergrande’s unraveling could affect the Chinese property sector and the commodities that feed it, such as iron ore, steel and copper.

First off, we don’t believe Evergrande is another Lehman Brothers. A deal will be done to stabilize Evergrande’s debt and restructure bonds and loans by selling most of its assets; some investors will be repaid with real estate.

Second, while there is certainly the risk of commodity prices coming off the boil — China consumes half the world’s steel and its property sector accounts for about 20% of global demand — a look at previous property bubble bursts shows a muted reaction. When Japan’s housing market went bust in 1991, its steel output fell by only 20%. South Korea’s steel production did drop by a third in 1997, the year of the Asian financial crisis, but it recovered quickly, the following year.

The Washington Post notes that, for all the government’s promises of [steel] output curbs, usage as of July this year was running nearly 10% higher still.

The influential newspaper believes the health of the Chinese steel industry is good reason to think the markets are over-reacting to Evergrande. I agree. Take a look at rebar.

The price of the reinforcement bar used on construction sites is at almost the same elevated level it was two months ago, before its key ingredient — iron ore — starting falling and Monday drifted below $100 a tonne for the first time in over a year.

That suggests that end-use demand is still pretty much where it was before this panic started, which should deliver mill owners handsome profits, WaPo states, before concluding that, we’ve not yet seen the reckoning with its steel addiction that China, and the world, ultimately needs. Until that happens, and it certainly hasn’t, don’t assume this market is dead.

BloombergNEF came out with a report this week, stating that the transition from fossil fuels to clean energy could require as much as $173 trillion in energy supply and infrastructure investment over the next three decades. Energy metals like lithium, nickel and cobalt, and industrial metals such as copper and steel, are driving the next commodities supercycle.

Iron Ore Exploration Ramps Up

Despite the current market conditions, exploration activities on iron ore projects haven’t missed a beat.

Brazil has even adopted a new policy that would see mining projects fast-tracked in the world’s second-largest iron ore producer. Australia, the top producer, just had its highest exploration spending quarter in seven years on the back of commodity prices.

It’s business as usual when it comes to exploration around the world. In Canada, some of the country’s most promising iron ore projects are getting ready to be advanced further.

This week, Manning Ventures Inc. (CSE: MANN) (CNSX: MANN.CN) (Frankfurt: 1H5) announced it has finalized drill targets at three of its 100%-owned projects located in the Wabush-Fermont iron ore district of Quebec.

As previously reported by the company in June, the Phase 1 ground mapping and sampling program has successfully confirmed the analytical results of iron formation at the Lac Simone, Hope Lake and Broken Lake properties. A total of 14 outcrop samples returned results of greater than 30% Fe (total).

Permitting is currently underway, with drilling expected to take place later this year.

The drill program will test the thickness of iron formation, where positive surface sampling results have been obtained, and magnetic surveys have indications of thicker accumulations of iron formation.

The company expects to complete between five to eight drill holes on the highest priority target areas. More information on the drill program will be released in the coming weeks.

Property Background

Lac Simone

The Lac Simone property is situated proximal to the south of Fermont, Quebec, comprising 63 mineral claims in two claim blocks totaling nearly 3,300 hectares.

The project shares many of the same attributes as the more advanced staged properties nearby, notably the Moiré Lake deposit held by Champion Iron Mines about 3 km to the west. This deposit has a resource estimate of 164 million tonnes grading 30.5% FeT in the indicated category and 417.1 million tonnes grading 29.4% FeT inferred.

In comparison, Lac Simone is significantly less developed. However, the magnetic signature of property, along with the regional mapping and historical work, indicates several iron formation horizons are present.

Historical work between 1956 and 1964 by Jubilee Iron Corp. included test pits that produced bulk samples with an average head grade of 35.51% Fe from iron formation at the north end of the Lac Simone property. The material was then upgraded to a concentrate grade of 66.02% Fe.

Of the three drill holes completed, mineralized intervals of up to 16.15 metres of 29.05% Fe were recovered.

No further work was documented until 2011, when Nevado Resources Corp. conducted a heli-borne magnetic survey at a spacing of 100 metres.

In the same year, Champion Iron collected 8 samples from the eastern part of the current property with an average of 28.7% FeT, indicating that Lac Simone is host to high-grade quartz-hematite +/- magnetite iron formation.

Hope Lake

Like Lac Simone, the Hope Lake property was primarily explored in the past by Jubilee Iron, and followed by Champion Iron Mines in recent years.

The project, consisting of 68 mineral claims totaling more than 3,500 hectares in one contiguous claim block, is located approximately 60 km south of Fermont. ArcelorMittal’s Fire Lake mine, which has been in operation since 2006, is located 6 km to the north.

Location of Lac Simone and Hope Lake, in proximity to ArcelorMittal’s Fire Lake mine

Between 1959 and 1962, Jubilee completed ground and airborne magnetic and geological surveys at the northernmost magnetic anomaly, plus two diamond drill holes. Twelve samples were collected at the east end of the property, with average results of 34.18% FeT. Later testing on surface samples returned concentrate grades of 68.4% and 68.1% Fe.

In 2011, Champion Iron collected 8 samples from the eastern part of the current property, returning an average grade of 28.7% FeT. It followed up with 8 more samples in 2013 from the western part of the property, which had average results of 33.7% FeT.

Both sampling programs indicated that the Hope Lake property, similar to Lac Simone, hosts high-grade quartz-hematite +/- magnetite iron formation.

A 2014 assessment report completed on behalf of Champion Iron stated that “Careful perusal of all available data on the Hope Lake claims suggests that the iron formation that underlies the claim block contains a potential iron-ore resource. The true grade and amount of iron-ore deposits most amenable to mining have yet to be determined, but there exists a demonstrably strong potential for deposits of economic grade.”

Broken Lake

The recently acquired Broken Lake property features an approximate 18 km long trend of iron formation that has been historically drill-tested. A well-mineralized interval exceeding 84 m has been reported on this 4,500-ha property, although no assays were documented.

A 6 km long belt of highly magnetic rocks in the area, which has not yet been drill-tested, has been mapped as a magnetite-rich iron formation and currently represents a prime exploration target.

According to Manning, the project contains magnetic signatures and geological mapping that suggest structural thickening and possibly overturned sequences of rocks that have the potential to create favorable iron formation horizons.

Other Iron Ore Projects

In addition to the above, Manning also holds two other iron ore exploration projects in Quebec, both acquired along with Broken Lake as part of a property purchase agreement in May 2021.

Heart Lake is a 2,855-ha property featuring approximately 10 km of linear-style iron formation.  Recent drilling intersected 26.7% Fe over 25.6 m and ended in high-grade iron formation. The claims are along strike with Champion Iron’s ground, where iron formation on the same trend, approximately 6 km away, contains a drill hole with two separate iron formations of 31.2% Fe over 50.8 m and 30.8% Fe over 42.2 m.

Hydro, a 2,122-ha property, features approximately 12 km of linear-style iron formation. Several historical rock samples, amongst three separate zones, have been collected along the trend and average approximately 32.5% Fe. The trend does not have any documented historical drilling.

With the latest acquisitions, Manning now has an expanded landholding of over 16,000 hectares covering 311 claims in Quebec’s Wabush-Fermont iron ore district.

Manning’s properties within the Wabush-Fermont iron ore district, Quebec


Manning’s timing for its upcoming drill program is excellent, as the long-term outlook for iron ore remains healthy. Steel-intensive infrastructure will continue to serve as one of the key pillars of the global economy.

By the time these projects reach a more advanced stage, the iron ore boom would have been reinvigorated. Evidently, companies around the world are still ramping up iron ore exploration.

For Manning, its location works well in its favor, given the projects’ proximity to known resources and established operations.

Right next to the Lac Simone project is Champion Iron Mines’ Moiré Lake deposit, which contains 164 million tonnes of indicated resources grading 30.5% FeT, plus another 417.1 million tonnes inferred grading 29.4% FeT.

The Hope Lake property is crossed at its western end by a rail line that services ArcelorMittal, the world’s leading steel company, and its iron ore operations in the region.

Plenty of work remains to be done on both projects (and the newly acquired properties), and Manning’s drilling will certainly reveal more exciting details on these iron ore assets.

Manning Ventures Inc.
Cdn$0.14, 2021.09.21
Shares Outstanding 42.6m
Market cap Cdn$6.1m
MANN website

Richard (Rick) Mills
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Energy & Critical Metals

Pegasus Resources Expands Its Uranium Assets In Saskatchewan

Pegasus Resources Inc. (TSXV:PEGA) continues to make its presence in the prolific Athabasca Basin uranium camp with the recently announced
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Pegasus Resources Inc. (TSXV:PEGA) continues to make its presence in the prolific Athabasca Basin uranium camp with the recently announced acquisition of three uranium properties at the northwest edge of the Basin. The 54,026 hectare properties comprising 13 mineral claims contain a cumulative total of 535,718 lbs of uranium, and significantly, includes a historic resource estimate of 202,200 tons at 0.119% U308 at an average width of 4.8 metres.

These new properties add to the previously announced Pine Channel uranium property which consists of six mineral claims covering 6,028 hectares and is located at the northern edge of the Athabasca basin, roughly 40 km west of the town of Stony Rapids. The Athabasca Basin in Northern Saskatchewan is host to several of the world’s largest and highest-grade uranium mines, including Cameco’s (TSX: CCO) McArthur River Mine and Cigar Lake Mine.

The Wollaston Northeast property is located in the 20A zone within the prolific Wollaston Domain, 45 kilometres northeast of the Eagle Point Uranium Mine. The property has at least eight known base metals showings and five previously documented uranium occurrences, and is considered highly prospective for basement hosted uranium mineralization.

Much of the recent renewed interest in uranium in the region is due to recent discoveries within the Wollaston Domain where the Eagle Point deposits are hosted within its basement rocks. In addition to the Eagle Point Mine, the area also hosts the historic Rabbit Lake Mine and Cameco/Orano Key Lake Mine, the world’s largest high-grade uranium mine.

The 12,397 hectare Bentley Lake Uranium Property consisting of three mineral claims, and is located 35 kilometres northeast of the edge of the Athabasca Basin, within a transition zone between the Wollaston and Mudjatic Domains. This trend is host to several major uranium deposits, including Cigar Lake, Roughrider, McArthur River and Midwest. It is located at the transition zone between the Wollaston and Mudjatik geological domains.

The third property is located approximately 40 kilometres northeast of the edge of the Athabasca Basin and within the Charlebois-Higginson Lake Uranium District. The 6,908 hectare Mozzie Lake Uranium Property consists of three mineral claims and has a historical resource estimate of 204,200 tons at 0.119% U308, with an average width of 4.8 metres, and containing 535,718 lbs of uranium. What makes the Mozzie Lake Property particularly compelling, aside from the historical resource estimate that Pegasus’s exploration efforts may be able to increase significantly, are the pegmatite deposits of the Charlebois-Higginson Lake Uranium District.

Since being initially explored from the 1940’s through to the 1960’s, there has been virtually no exploration on the property. Previous work in the region, as well as on the Pinkham Lake property at Mozzie Lake, indicated that the pegmatite deposits may also host mineralization which contains rare-earth-element bearing minerals. Rare earth minerals are in high demand today due to the needs of the various technology, consumer electronics, and electric vehicle manufacturing industries. PEGA plans to examine the property’s rare earth potential as part of its uranium exploration program at Mozzie Lake.

Pegasus will next review the historical data on the properties to determine an exploration strategy and work programs, and will provide shareholders with updates in the near future. The company’s recent announcements of the uranium assets have certainly rekindled interest in PEGA shares, and its market capitalization has increased by almost 50% to $7.98 million in recent weeks, signifying that investors are enthused about the direction management has taken.

PEGA last traded at $0.095 on the TSX Venture exchange.

FULL DISCLOSURE: Pegasus Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Pegasus Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

The post Pegasus Resources Expands Its Uranium Assets In Saskatchewan appeared first on the deep dive.

Author: Phil Gracin

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Energy & Critical Metals

The Ethical Investor: ESG moves, lessons from the energy crisis and JP Equities’ stock tips

The Ethical Investor is Stockhead’s weekly look at ESG moves on the ASX. This week’s special guest is JP Equity … Read More
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The Ethical Investor is Stockhead’s weekly look at ESG moves on the ASX. This week’s special guest is JP Equity Partners’ director and partner, Nic Brownbill.

The world is in the grip of an ongoing global power crisis that has seen energy prices soaring by thousands of percentage points.

From China to Europe and now India, the cost of energy is surging drastically. The price of natural gas has even quadrupled in some parts of the world.


Source: IEA via Reuters


But economists are now warning this might be just the first of many power crunches the world will see as we transition into the new economy.

According to a research paper by CommBank’s analyst Vivek Dhar, there are two main root causes that led to the crisis — a strong demand recovery from the pandemic, and an acute shortage of two key power-producing fuels – natural gas and thermal coal.

As economies reopen, there is a sudden pent up demand from consumers which meant that factories were forced to switch on their production capacity at short notice. This was exacerbated by a colder than usual European autumn, as the continent potentially faces a more-freezing-than-usual winter season.

In China, the crisis mainly stemmed from an undersupply in local production of coals, according to Dhar, adding that coal supply has been hampered in China because of the government’s own environmental protection regulations.

So what can we learn from all this?

Dhar reckons that we are transitioning into the new economy too fast, too soon.

“What the recent energy crisis has shown is that the energy transition needs to be planned carefully,” Dhar wrote.

“This will mean significant investment in renewable generation, batteries, electricity grids and hydrogen.”

But he thinks the roll-out of a decarbonised grid and role of gas need to be clearly defined too.

“Under-investing in gas infrastructure relative to its role in coming years will only serve to make Europe’s energy market more vulnerable to prolonged gas shortages, and increase dependence on Russia.”

Like Europe, China’s decarbonisation ambition will need to be planned as well, Dhar said.

“If coal mines and coal power plants are closed before a renewable replacement is in place, power shortages in China could be an ongoing concern.”

What’s happening in Australia

Australians have chosen climate change as the top ESG priority, according to the latest survey conducted by global ESG consultant, SEC Newgate.

And more than half of the 1,000 Aussies surveyed said they were happy with the direction the government is taking on the environment.

Source: Survey by SEC Newgate


Aussie respondents also nominated retailers Coles Group (ASX:COL) and Woolworths (ASX:WOW) as the top local companies when it came to doing well on ESG metrics.

These results should provide food for thought for PM Scott Morrison, who’s currently caught in a political wrangle with the Nationals in setting our 2050 climate goals.

The PM has told Liberal colleagues that he wants to bring a binding 2050 net zero commitment to the COP26 Summit in Glasgow next month, without having to upgrade Australia’s 2030 commitments.

Nationals Leader and also Deputy PM, Barnaby Joyce, said however that he was willing to back the 2050 targets only if funding for regional producers and farmers were made as part of the deal.

Special guest JP Equities’ Nic Brownbill shares his views and ESG stocks

Nic Brownbill, a partner at JP Equity, told Stockhead that decarbonisation is a mega global investment opportunity, one that JP Equity wants to be all in on.

How big is the potential for ESG investing?

“We see the whole decarbonisation theme as the next mega global investment opportunity. An estimated $41 trillion is required to decarbonise the planet. It’s going to be a bigger opportunity than the crypto market, because unlike cryptos, the carbon market is going to be mandated by governments, major asset managers and pension funds.”

Which segment of the ESG market do you see outperforming?

“Some companies will fall short in trying to make their carbon targets, so the balance will need to be met with carbon credits. I think carbon emissions will eventually be metricated, and the carbon offset market is going to be a way for major companies to offset their emissions.”

Would that investment opportunity catch on in Australia?

“I believe the Australian market hasn’t really caught on to the opportunity of this yet. But I think something will really start to emerge from the COP26 conference in November, where you’ll see a sustained mega theme starting to unfold in this country.

“I think we will start to see a complete emergence of Australian companies in the carbon space over the next few months and beyond.”

What are the ASX stocks that JP Equity likes in the carbon credit space?

One ASX stock that we’ve been watching very closely is  Fertoz (ASX:FTZ). They’re a leading North American fertiliser manufacturer that produces a unique low-emission rock phosphate product that increases crop yield by 15%.

“Importantly, it can generate significantly lower CO2 emissions in manufacturing compared with other commercial fertilisers.

“This presents a really significant opportunity because agriculture as a sector accounts for 24% of all human generated greenhouse emissions. Fertoz is one of the first movers in the carbon credit market, and since May this year has been issuing carbon offset credit certificates.

“It’s not a matter of if, but when disclosure of carbon emissions will become metricated. And as a result, Fertoz is getting some strong enquiries from other companies looking to offset their footprints by buying carbon credits.”

Any other ASX stocks you like in the ESG space?

“We’re also bullish on Mpower (ASX:MPR). The company is Australia’s leading specialist in renewable energy, battery storage and micro-grid business. It has a focus on five megawatt solar farms, and is in the process of creating an initial portfolio of 20 sites across Australia in the coming years.

“That gives them an aggregate capacity of around 100 megawatts, and an estimated value of more than $150 million. It’s now down to what the team can deliver in some of those projects to build up the portfolio.”


Notable ASX ESG-related news during the week

Rio Tinto (ASX:RIO)

The energy giant announced that it was targeting a 50% reduction in Scope 1 and 2 emissions by 2030, and a 15% reduction by 2025 from a 2018 baseline of 32.6Mt.

Around $7.5 billion in direct capital expenditure will be spent on decarbonising Rio Tinto’s assets from 2022 to 2030, including $0.5 billion per year from 2022 to 2024.

Strandline Resources (ASX:STA)

The company released its Sustainability Report for 2021, outlining its commitment to the United Nations Sustainable Development Goals (UNSDGs).

STA said it’s focused on managing development risks at its Coburn project in WA to safeguard workers and ensure environmental compliance.

Lithium Power (ASX:LPI)

The company has appointed global consulting firm Deloitte to ensure a robust ESG program at its Maricunga project in Chile.

Deloitte has been tasked to imbed sustainable protocols in LPI’s lithium extraction operations, and to establish ambitious standards for LPI to become a carbon neutral producer, while keeping high standards on the social aspects.

Jadar Resources (ASX:JDR)

The company also said it has completed its maiden Sustainability Plan, with strategies aligned to the UNSDGs.


The views, information, or opinions expressed in the interview in this article are solely those of the interviewee and do not represent the views of Stockhead.

Stockhead has not provided, endorsed or otherwise assumed responsibility for any financial product advice contained in this article.

The post The Ethical Investor: ESG moves, lessons from the energy crisis and JP Equities’ stock tips appeared first on Stockhead.

Author: Eddy Sunarto

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Emerita Sees Continued Success In Spain

Emerita Resources Corp (TSXV:EMO) continues to report excellent results from the Infanta drill program at its Iberia Belt West Project
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Emerita Resources Corp (TSXV:EMO) continues to report excellent results from the Infanta drill program at its Iberia Belt West Project in Spain, which hosts three previously identified high-grade deposits: La Infanta, Romanera and El Cura. These are all open for expansion along strike and at depth.

On October 22, the company announced assays for the first step-out drill hole from the Infanta drill program and also the final in-fill drill holes. The significance of the in-fill program was to verify the historical drill results. They will now enable a proper 3D modelling of the deposit and will also provide additional data to be used for future metallurgical testing.

At Infanta, the step-out was conducted to expand the outer perimeter of the deposit, and the in-fill drilling was intended to confirm historical drill data within Infanta’s known mineralization zone. Step-out drill hole IN018 was drilled 40 metres to the west of the historical limits of the deposit and intersected 8.2 metres with a grade of 2.5% copper, 8.7% lead, 17.3% zinc, 223.5 g/t silver and 0.5 g/t gold. A second step-out hole was drilled 50 metres to the west of hole IN018 and intersected two zones of massive sulfide but assays have not been returned yet.

In-fill drill hole IN014 intersected 5.7 metres of 2.4% copper, 7.3 %lead, 13.4% zinc, 225 g/t silver and 0.6 g/t gold. The ongoing geophysical survey, which was suspended along with other exploration activities for the region’s hunting season, is expected to resume by the end of October.

Emerita plans to have five drill rigs operating by the end of 2021 and will include the Romanera deposit, El Cura, and other targets identified by previous geophysics work. The two drills currently on site will now focus on step-out drilling to increase the size of the deposit.

Emerita also recently provided investors with an update on the legal proceedings for the Aznalcóllar Project and the company is expecting a ruling by the Administrative Court of Andalucia in Emerita’s favour in the near future.

The Aznalcóllar Zinc Project is located in the prolific Iberian Pyrite Belt in the Andalusia region of southern Spain and is considered to be one of the world’s largest and most productive volcanogenic massive sulfide (VMS) structures. It has been mined for over a thousand years and has produced over 2000 million tons of ore.

Aznalcóllar is considered to be one of the world’s top undeveloped zinc deposits, and the project is essentially a world-class pre-production development asset. Here, the main deposit is referred to as Los Frailes, which contains a historical open pit mineral resource. Two other deposits exist on the property as well, which require further development. The Los Frailes mine operated during the 1990s until it closed due to a combination of tailings-related environmental failure and low metal prices.

After the Aznalcóllar site was rehabilitated, the government initiated a public tender process for the rights to the project and it was initially awarded to another major mining company, however Emerita believed that their bid was superior. It subsequently requested an investigation into the tender process for the property and filed a lawsuit in 2015.

In early 2021, the Spanish court concluded that the process was fraught with corruption, fraud and other malfeasance and rescinded the rights that were awarded and criminal charges were sought for the perpetrators and their enablers. In July 2021, a Spanish judge issued additional criminal indictments against the mining company and government officials who participated in undermining the public tender process for the project.

Under Spanish law, if a crime was committed during the tender process, the rights are then awarded to the next best qualified competing bid, which in this case was Emerita. Subsequently, Emerita has been waiting for the Administrative Court to conclude the process to formally award the rights to the Aznalcóllar Project to the company, which brings us to present day.

The company is planning to develop the deposit into an underground mining operation focused on mining the high-grade zones, which are estimated to contain 20 million tonnes at a grade of 6.65% zinc, 3.87% lead, 0.29% copper and 84 ppm silver. As a requirement of the project’s public tender process, Emerita submitted comprehensive. engineering, environmental and water management studies to the government, and now the company is expecting to be given the green light to proceed developing the Aznalcóllar project into an eventual producer.

Emerita is well financed, having completed a $20 million bought deal private placement in July 2021. Emerita has 182.42 million shares outstanding and due to the recent increase in the Company’s share price, a market capitalization now of $556.38 million. Even so, barring any unforeseen negative developments regarding the legal issues, Emerita Resources Corp still appears to be potentially undervalued relative to the potential value of the world-class assets it is developing.

Shares of Emerita Resources Corp last traded at $3.05.

FULL DISCLOSURE: Emerita Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Emerita Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

The post Emerita Sees Continued Success In Spain appeared first on the deep dive.

Author: Phil Gracin

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