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Durango to Drill Test NMX East Lithium Project $DGO.ca

Posted by AGORACOM-JC at 10:30 AM on Wednesday, January 18th, 2017

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  • Planning is underway to drill test its lithium bearing pegmatite zone discovered in the summer 2016 exploration program on ground adjacent to Nemaska Lithium’s (T-NMX) Whabouchi Deposit and the newly discovered Doris zone

Vancouver, BC / January 18, 2017 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that planning is underway to drill test its lithium bearing pegmatite zone discovered in the summer 2016 exploration program on ground adjacent to Nemaska Lithium’s (T-NMX) Whabouchi Deposit and the newly discovered Doris zone.

On January 17th, 2017 Nemaska Lithium announced “With the Doris zone discovery in late fall it is prudent to consider the possible impact of its eastward continuance…” In the news release of November 28th, 2016, Nemaska Lithium stated, “the Doris zone, contains 5 interconnected dykes and has now been confirmed on 420m of lateral extension and up to a maximum depth of 440m where it joins the main dyke.” “Doris appears to run parallel to main zone which extends for 1.2km to the northeast.”

Durango’s 100% wholly owned NMX East ground adjoins Nemaska Lithium on the eastern perimeter where Nemaska Lithium’s Doris zone remains open, less than 1.5km from the proposed mining pit. Durango’s geological team confirmed a pegmatitic intrusion running parallel to Nemaska Lithium’s main zone where it tested positive for anomalous Lithium and rubidium as per the news release on September 21, 2016. A map of the zones comparative with Nemaska Lithium Inc. may be viewed on the Durango website.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the NMX East lithium property near the Whabouchi mine and the Buckshot graphite property near the Miller Mine in Quebec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Will $PFN.ca $DGO.ca $BFF.ca SX.ca supply the lithium needed to run the future’s electric cars?

Posted by AGORACOM-JC at 4:46 PM on Friday, December 30th, 2016

A Tesla electric car at a charging station.

A Tesla electric car at a charging station.
  • onus is now on rechargeable batteries – rather than petrol – to propel the automotive industry into its proposed greener future, with lithium ion cells being the prevailing form of this technology.
  • The automotive industry’s focus on electrification has accelerated in 2016.

Volkswagen Chairman Herbert Deiss told CNBC at the Paris Motor Show in November that “electric mobility will take off by 2020,” while Tesla CEO Elon Musk announced in May his aim for annual production to be at 1 million vehicles by this same year.

The onus is now on rechargeable batteries – rather than petrol – to propel the automotive industry into its proposed greener future, with lithium ion cells being the prevailing form of this technology.

“Lithium is a pretty abundant element naturally,” Jamie Speirs, a fellow in energy analysis and policy at Imperial College London, told CNBC via telephone. But, though worldwide production of the metal is increasing year on year, he detailed that “the current supply chain will not match up with lithium demand by, say, 2040.”

Unsurprisingly, as automakers gear up to sell more electric vehicles, prices for lithium have also risen.

“Owing to increased worldwide demand, spot lithium carbonate prices (in 2015) increased approximately 10% to 15% from those of 2014,” wrote the United States Geological Survey (USGS) in January of this year. So, which countries are crucial to lithium’s production – and who has the potential to control this market in the future? CNBC investigates.

The Chang Tang plateau in Tibet, China, is known for its lithium resources.

BSIP | UIG | Getty Images
The Chang Tang plateau in Tibet, China, is known for its lithium resources.

China

Analysts CNBC spoke to concurred that China was ahead of the game in terms of its lithium production.

China’s lithium reserves are an estimated 3.2 million metric tons, according to the USGS in January 2016, meaning that the superpower ranks among those with the largest domestic supply. Most resources are located in its Qinghai and Tibet regions.

Perhaps in response to how much the market has grown – and where it may progress to in coming years – the price of Chinese battery grade lithium is currently well over $20,000/tonne, compared to $7,000/tonne in mid-2015, according to mining analysis firm CRU.

“China has a stranglehold on lithium production,” Speirs said. “Well organised and professionally run mining companies” make this enterprise profitable, he added.

This is bolstered by the convenient fact that China is the world’s largest electric vehicle market. According to the China Association of Automobile Manufacturers, sales of battery electric vehicles reached 258,000 units in the first ten months of 2016, increasing 102.5 percent year on year. In addition, the Chinese government has unveiled several incentives in recent years aimed at addressing the country’s environmental problems.

“In the future, we expect supply from China to increase significantly to meet the domestic demand,” CRU told CNBC via e-mail.

Lithium: powering your electric car?  

Latin America’s ‘lithium belt’

Argentina, Bolivia and Chile form a troika of lithium producers in Latin America, otherwise known as the “lithium belt” or “lithium triangle.” Could these countries spearhead a second commodity boom in the region?

“Latin American countries once produced lithium from ore, as with other metals, but can now do so from brine, which is cheaper,” Speirs explained. Contributing to the metal’s profitability, CRU added that for Latin America, “industrial-grade lithium carbonate contract prices increased by around 40% in 2016 due to strong demand growth and the ongoing supply deficit. Battery-grade lithium carbonate and lithium hydroxide prices surged higher.”

But, structural problems could hamper this particular market from taking off.

The Salar de Atacama salt flats in Chile.

DEA | V. Giannella | De Agostini | Getty Images
The Salar de Atacama salt flats in Chile.

Chile, with its dry climate and lithium-rich Salar de Atacama salt flats, is an ideal production environment. The country is also popular with investors due to its free market economy. In addition, Reuters reported in November that Chilean firm SQM, one of the world’s largest lithium producers, saw 2016 third quarter profits more than quadruple due to rising lithium prices.

But, CRU told CNBC via e-mail that, “the [Chilean] industry is facing serious issues such as [the] imposition of production quota, on-going labour disputes [and] water shortage.”

Bolivia, though boasting 9 million metric tons in lithium resources, has suffered from a lack of exploration, infrastructure and technology, according to CRU. But, the Bolivian government is looking to establish a more foreign investment-friendly environment to encourage the growth of its lithium mining industry.

Unwinding Argentina’s formerly protectionist economy has been a key goal of President Mauricio Macri, which could foreground the country’s role in the lithium supply market. “Abolition of export duty on value-added products and capital controls have encouraged lithium players to consider Argentina for investment destination,” CRU told CNBC via e-mail.

The future benefits of lithium-ion batteries

The future benefits of lithium-ion batteries  

Australia

According to the USGC in January of this year, Australia’s estimated reserves sit at 1.5 million metric tons. By way of contextualizing this figure, CRU said that “in 2015, Australia was the largest producer of lithium and accounted for around 40% of global lithium supply.”

It added that lithium production capacity will increase, meaning that the country is expected to maintain its position as one of the largest lithium producers in the long term.

Location is key for Australia, as CRU explained that the country enjoys investment from “downstream players such as battery manufacturers in Asian countries.” Considering that lithium is not currently traded on any major commodities or futures exchanges, shoring up future supply is crucial.

Follow CNBC International on Twitter and Facebook.

Source: http://www.cnbc.com/2016/12/30/the-new-opec-who-will-supply-the-lithium-needed-to-run-the-futures-electric-cars.html

INTERVIEW: Durango Discusses Limestone Quality of up to >99.99% CaCo3* (56.20% CaO) on Mayner’s Fortune Project $DGO.ca

Posted by AGORACOM-JC at 3:34 PM on Tuesday, December 20th, 2016

Mayner’s Fortune

  • Property is located in the Skeena Mining Division approximately 7.5 kilometres south west of Terrace, BC and 4 kilometres west of Lakelse Lake on Lakelse River.
  • limestone quality of up to >99.99% CaCo3* (56.20% CaO) has been reported
  • Property is located adjacent to the CNR railway line running between Terrace and Kitimat, less than 50 kilometres away from the proposed LNG (liquefied natural gas) site at Kitimat, BC.

Lithium

  • 100% interest in the NMX East, a lithium property tied to Nemaska Lithium Inc.’s (TSX.V-NMX) Whabouchi property in Quebec. The NMX East property has all season road access via the Route Nord.
  • Property is comprised of 23 claims which cover 1,200 hectares and is located within a few kilometres of Nemaska’s proposed mining pit.
  • Nemaska Lithium is developing the world’s newest lithium mine in Quebec and has signed agreements with its key stakeholders, gained the required permits and was recently awarded both Federal Environmental Approval and the Province of Quebec Mine Approval.

 

Hub On AGORACOM / Corporate Profile / Watch Interview Now!

Durango Receives Assay Results From Mayner’s Fortune Limestone Project Near Terrace, BC $DGO.ca

Posted by AGORACOM-JC at 10:51 AM on Wednesday, December 14th, 2016

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  • limestone quality of up to >99.99% CaCo3* (56.20% CaO) has been reported on its 100%-owned Mayner’s Fortune limestone project
  • Out of 8 unique samples taken from limestone outcrops at the Mayner’s Fortune property, all 8 yielded grades greater than 86.9% CaCo3* (48.7% CaO).

Vancouver, BC / December 14, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) is pleased to announce that, further to its news of November 1st, 2016, limestone quality of up to >99.99% CaCo3* (56.20% CaO) has been reported on its 100%-owned Mayner’s Fortune limestone project.

The 320-hectare Mayner’s Fortune property is located 7.5km southwest of Terrace, B.C. along the CN rail route between Terrace and Kitimat and hosts five historically mapped sub-parallel limestone units. Durango completed its first phase of exploration on its limestone properties in late October, which included sampling to test limestone quality and substantiate historic reports. The assays in this release pertain to the late October visit.

Out of 8 unique samples taken from limestone outcrops at the Mayner’s Fortune property, all 8 yielded grades greater than 86.9% CaCo3* (48.7% CaO). All limestone samples from the property are shown in Table 1.

Table 1: Mayners Fortune Outcrop Samples

Sample Easting Northing CaO (%) CaCo3 (%)(calculated)* MgO (%)
85990 524067 6028649 56.20 >99.99 0.19
85999 524149 6028998 56.00 99.95 0.20
85991 524010 6028691 54.40 97.09 0.77
85995 523941 6028901 52.20 93.16 1.41
85988 523284 6028702 49.90 89.06 1.50
85993 523942 6028754 49.70 88.70 4.12
85987 523301 6028670 49.50 88.35 3.61
85997 523945 6029134 48.70 86.92 2.03

Note: All coordinates are NAD83 UTM Zone 9N

* Theoretical value of CaCo3 is calculated based on the assay value of CaO * 1.78476 and is used to estimate limestone (CaCO3) composition. This calculation assumes all CaO analysed is present as CaCO3.

 

Cautionary statement: Readers are cautioned that grab samples are selective by nature and are not necessarily representative of mineralization hosted on the property.

All samples were grab samples and were analyzed by Bureau Veritas, Vancouver, British Columbia. The analytical methods used correspond to Bureau Veritas code LF700 – Whole Rock Analysis by XRF.

An additional 26 outcrop samples were taken during a recent follow-up survey as announced on December 06, 2016 and are still pending assay at Bureau Veritas in Vancouver, BC. Assay results will be announced when they become available.

Marcy Kiesman, CEO of Durango stated, “We are extremely pleased with the assays received for the Mayner’s Fortune project. Favourable grades of up to >99.99% limestone from Limestone Unit #5 (by calculation), has created additional opportunities for potential end users. Despite snow and winter conditions, our geological crew successfully mapped limestone in the northern section of Unit #5 to an extent of 650m along strike by 140m apparent thickness with the unit remaining open at both ends. This compares well with historical mapping of 1,600m strike length and an apparent thickness of 180m in the south end of the limestone bed. These assay and mapping results have affirmed the vast potential of this property and Durango plans to continue to advance its limestone prospects through 2017.”

The technical contents of this release were approved by Mr. Case Lewis, P.Geo., a Qualified Person as defined by National Instrument 43-101. The property has not yet been the subject of a National Instrument 43-101 report.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi project, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including commencement and completion of future exploration, final approval from governmental entities on the LNG project, Petronas determining whether to proceed with the LNG project and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, including market conditions, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to its prospectus filed on its SEDAR profile at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Durango Returns to Limestone Project Near Terrace, BC $DGO.ca

Posted by AGORACOM-JC at 8:41 AM on Thursday, December 1st, 2016

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  • Geological team has been dispatched to Terrace, British Columbia for a follow-up visit to its 100% owned Mayner’s Fortune limestone project
  • 320-hectare Mayner’s Fortune property is located 7.5km southwest of Terrace, B.C. and hosts five historically mapped sub-parallel limestone units

Vancouver, BC / TheNewswire / December 1, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that further to its news of November 1st, 2016, a geological team has been dispatched to Terrace, British Columbia for a follow-up visit to its 100%-owned Mayner’s Fortune limestone project.

The 320-hectare Mayner’s Fortune property is located 7.5km southwest of Terrace, B.C. and hosts five historically mapped sub-parallel limestone units. Durango recently completed its first phase of exploration program on its limestone properties which included sampling to test limestone quality and mapping to confirm historical reports. Additional updates including assay results will be provided as they become available.

Marcy Kiesman, CEO of Durango will meet with representatives of local interest groups in efforts to maintain open communication and dialogue and to form potential partnerships as they may arise.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi project, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including commencement and completion of future exploration, final approval from governmental entities on the LNG project, Petronas determining whether to proceed with the LNG project and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, including market conditions, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to its prospectus filed on its SEDAR profile at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Nemaska Lithium’s Deposit Extends Towards Durango’s NMX East Project $DGO.ca

Posted by AGORACOM-JC at 2:01 PM on Wednesday, November 30th, 2016

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  • Announced that on November 28, 2016 its neighbor to the west, Nemaska Lithium Inc. (T-NMX) provided details on its newly discovered Doris zone on its Whabouchi lithium project
  • Doris zone contains 5 interconnected dykes and has now been confirmed on 420m of lateral extension and up to a maximum depth of 440m where it joins the main dyke

Vancouver, BC / November 30, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that on November 28, 2016 its neighbor to the west, Nemaska Lithium Inc. (T-NMX) provided details on its newly discovered Doris zone on its Whabouchi lithium project.

As stated in Nemaska Lithium’s news release dated November 28, “…the Doris zone contains 5 interconnected dykes and has now been confirmed on 420m of lateral extension and up to a maximum depth of 440m where it joins the main dyke. The Doris zone starts in the southwest and is open along strike to the northeast. Doris appears to run parallel to main zone which extends for 1.2km to the northeast.” (1)

Durango’s 100%-owned NMX East ground adjoins the eastern boundary of the Whabouchi property, where the Doris zone remains open, and lies less than 1.5km from the proposed Whabouchi pit. Durango’s geological team identified a pegmatite intrusion at NMX East running parallel to Nemaska Lithium’s main zone which returned anomalous lithium and rubidium values. (2)

The Company has renewed the strategically located NMX East claims for an additional two years and intends to begin stripping and/or drilling of the pegmatite targets in the new year to determine the full extent of the intrusive bodies. Durango met with drilling contractors at the Quebec Mines convention in Quebec City last week, as announced on November 21, 2016, and will announce further details as they become available.

A map of Durango’s NMX East property in relation to the Whabouchi lithium deposit is available on the Durango Resources website:

http://www.durangoresourcesinc.com/projects/nmx-east-quebec/

Marcy Kiesman, CEO of Durango stated, “LCT pegmatite intrusions are known to occur in groups spanning tens of square kilometres. Considering the proximity of the NMX East lithium-bearing pegmatite intrusions to the Whabouchi deposit, we see a great amount of potential for discovery on our ground.”

The technical contents of this release were approved by Mr. Case Lewis, P.Geo., a Qualified Person as defined by National Instrument 43-101. The property has not yet been the subject of a National Instrument 43-101 report.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the NMX East lithium property near the Whabouchi mine and the Buckshot graphite property near the Miller Mine in Quebec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

References

  1. (1)Nemaska Lithium Inc. news release dated November 28, 2016.
  2. (2)Durango Resources Inc. news release dated September 21, 2016

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Demand for battery metals set to soar: analysts $DGO.ca $PFN.ca $FMR.ca $SX.ca $BFF.ca

Posted by AGORACOM-JC at 3:31 PM on Monday, November 28th, 2016

 

 

  • “Lithium-ion batteries are a game changer in the energy world,” Alexa Capital’s founder and former head of European clean-tech research at Jefferies, Gerard Reid, said Monday, declaring a “revolution not evolution” in the energy world.
  • At five times the energy density of lead batteries, lithium-ion batteries are already the battery of choice in mobile phones, laptops and every new electric vehicle and, according to Reid, they will also be the cheapest by 2020.

London (Platts)–28 Nov 2016 948 am EST/1448 GMT

With nearly every forecast predicting higher battery use in the years ahead, especially lithium-ion batteries to power new and existing technologies largely in the automotive and consumer goods markets, demand for its component metals are set to soar, speakers at this year’s Mines and Money conference said Monday.

This includes cobalt, nickel, manganese, graphite and, most importantly, lithium itself.

“Lithium-ion batteries are a game changer in the energy world,” Alexa Capital’s founder and former head of European clean-tech research at Jefferies, Gerard Reid, said Monday, declaring a “revolution not evolution” in the energy world.

At five times the energy density of lead batteries, lithium-ion batteries are already the battery of choice in mobile phones, laptops and every new electric vehicle and, according to Reid, they will also be the cheapest by 2020.

“Technological advances and cost reduction in the last two years have been remarkable and nothing short of a revolution,” Reid said. “The main growth driver up to now has been consumer goods but what will take it to the next level is road transport.”

Driven by consumer demands for energy efficiency and the industry’s necessity to meet emissions targets, electric vehicle growth has accelerated in recent years, up 55% on the year to around 700,00 vehicles in 2016.

This still only accounts for less than 1% of the 80 million vehicles sold globally each year, yet there are signs that this could change rapidly.

The world’s largest vehicle manufacturer, Volkswagen, estimates it will be producing 2 million-3 million electric vehicles by 2025. Extrapolated across the industry this could mean a 30-40% market share for EVs.

In the US, Tesla outsold Mercedes in the luxury car market in 2016 for the first time in 40 years.

For Reid, this would mean an extra 800,000 mt of lithium demand by 2025, with a significant pickup of cobalt, nickel and graphite, and also silicon.

And it is not only electrical vehicles. With growing power generation expected from renewables, storage of the electricity generated will become more and more important.

Luke Kissam, CEO of one of the world’s largest lithium producers, Albermale, forecasts an extra 8,000-10,000 mt/year of lithium demand by 2020, with wholesale electronic storage expected to play a major role.

At the same time, lithium demand already significantly outpaces supply. Spot prices in China have reached $25,000/mt this year, compared with long-term contract prices of $4,000-$7,000/mt, reflecting its scarcity.

According to Roskill analyst David Merriman, the lithium market has been in deficit since 2013, largely because of demand outpacing supply growth.

Although stockpiles of minerals and concentrates have kept most end-processors overall well-supplied this year “increased control of feedstock, and later refined product, has led to a virtual tightness in lithium supply,” Merriman said.

While battery demand for lithium is currently only around 38% by end-use at 66,000/mt in 2015, it is expected to rise to 58% by 2020, he said.

At 35,000 mt, battery demand for cobalt is expected to increase from 39% by end-use to up to 50%. Graphite, up to 7% from 2% currently.

And although the lithium-battery industry is waking up to raw material issues, “based on short-term growth projections it may be too late to prevent an impact,” Merriman said.

Yet some concerns remain, especially over how much new supply will affect prices in the near to medium term.

“The demand story is there and it is well recognized, but the concern is the amount of potential supply coming online,” Macquarie’s metals analyst Stefan Ljubisavljevic said in a panel discussion Monday.

“There’s a lot of volume to come to market in the next 12-18 months and, unless there is ‘hockey stick’ demand from EVs, it is unlikely the market can absorb all that volume without prices softening,” he said.

While much of the supply chain to 2016 came from junior mining firms, new supply is expected to be largely from the larger producers, according to Merriman, such as Chile’s SQM, America’s Albermale and China’s Tianqi.

“Since 2016 incumbent producers have become more active in expansion, investment and increased overall exploration and production,” Merriman said. “Prices have incentivized both incumbent and junior companies to expand.”

–George King Cassell, george.king.cassell@spglobal.com –Edited by Jonathan Fox, jonathan.fox@spglobal.com

Source: http://www.platts.com/latest-news/metals/london/demand-for-battery-metals-set-to-soar-analysts-26606940

 

Durango Attending Quebec Mines Conference in Quebec City $DGO.ca

Posted by AGORACOM-JC at 8:16 AM on Monday, November 21st, 2016

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  • Attending the Quebec Mines conference in Quebec City beginning November 21, 2016
  • Meeting with drilling companies as it plans work at its 100%-owned NMX East lithium prospect located in northern Quebec

Vancouver, BC / November 21, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that it will be attending the Quebec Mines conference in Quebec City beginning November 21, 2016 and meeting with drilling companies as it plans work at its 100%-owned NMX East lithium prospect located in northern Quebec.

As outlined in Durango’s news release dated September 21, 2016, lithium anomalies were discovered in three distinct lithium-bearing pegmatite intrusions during Durango’s inaugural exploration program on its NMX East property, adjacent to the Nemaska Lithium (T.NMX) Whabouchi property. Nemaska Lithium announced on September 6, 2016 and October 13, 2016 that drilling had extended the Whabouchi deposit to the east. Durango’s land position is strategically located along the eastern boundary of the Whabouchi property.

The Company intends to begin stripping and/or drilling of the pegmatite targets in the new year to determine the full extent of the intrusive bodies. Durango announced on October 31, 2016 that is accepting bids to drill these targets and will be meeting with contractors at the Quebec Mines convention in Quebec City.

Marcy Kiesman, CEO of Durango, comments, “Durango’s significant new discovery of pegmatites near the Whabouchi deposit has created great potential for the Company. The next step will be to trench and drill the lithium-bearing pegmatite targets to determine the extent to which the mineralization at NMX East reaches at depth.”

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi project, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

The technical contents of this news release were approved by Mr. Case Lewis, P.Geo., a consultant to the Company and a qualified person as defined by National Instrument 43-101. The NMX East Property has not been the subject of an NI 43-101 report.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including commencement and completion of future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Durango Develops Limestone Branding $DGO.ca

Posted by AGORACOM-JC at 8:33 AM on Tuesday, November 15th, 2016

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  • Created logo and branding materials for packaging its limestone located on the northwest coast of British Columbia for agricultural use
  • Label “ever bloom” represents greater crop yield due to the fertility of the plants by using agricultural limestone as a soil conditioner

Vancouver, BC / November 15, 2016 - Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) reports that further to its news release of November 10, 2016, it is has created logo and branding materials for packaging its limestone located on the northwest coast of British Columbia for agricultural use.

The label “ever bloom” represents greater crop yield due to the fertility of the plants by using agricultural limestone as a soil conditioner. The limestone activates when in contact with water and then dissolves into the soil, lowering the acidity and raising the pH which is essential for crop yields. This process can significantly boost profit potential of farms and can increase the fertilizer efficiency up to 50% which is desirable for greater crop yields. The lime also adds desirable nutrients to the soils such as calcium, magnesium and phosphorus which improves soil structure, increases rates of air and water infiltration, improves plant cell wall formation and can help to regulate the nutrient uptake through the roots of the plant producing the “ever bloom”.

Marcy Kiesman, CEO comments, “Durango is speaking with different groups who may benefit from using the BC limestone for agricultural use and for additional green-tech solutions. While Durango awaits the large-scale LNG markets to open up in northern BC, the Company is focused to initiate smaller niche market sales.”

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi project, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including commencement and completion of the limestone projects, obtaining final government, industry and other approvals of mining such projects, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Durango Targets Agricultural & Marijuana Markets $DGO.ca

Posted by AGORACOM-JC at 10:33 AM on Thursday, November 10th, 2016

Logo

  • looking at potential agricultural uses for its limestone located on the northwest coast of British Columbia
  • Synergy of agricultural limestone and its use as a soil conditioner
  • Limestone is extremely beneficial for the agricultural industry including the commercial growth marijuana industry

Vancouver, BC / November 10, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) reports that further to its news release of November 1, 2016, it is looking at potential agricultural uses for its limestone located on the northwest coast of British Columbia.

The Mayner’s Fortune property is located approximately 7.5km southwest of Terrace, B.C. and recent logging in the area has benefitted Durango by providing road access to the project. The construction of the logging roads exposed additional limestone at surface over a large area which was not previously mapped in historical reports. The new limestone outcrops were sampled and sent for assay as announced previously on November 1, 2016.

When recently speaking with an individual in the agricultural industry, the synergy of agricultural limestone and its use as a soil conditioner was discussed. The limestone is activated when it meets with water and dissolves into the soil which lowers the acidity and raises the pH which is essential for crop yields. The lime also adds desirable nutrients to the soils such as calcium, magnesium and phosphorus which improves soil structure, increases rates of air and water infiltration, improves plant cell wall formation and can help to regulate the nutrient uptake through the roots of the plant. Hydroponic systems are more prone to incur a calcium deficiency and require the use of limestone.

Limestone is extremely beneficial for the agricultural industry including the commercial growth marijuana industry. As such, the Company is actively investigating marketing its limestone to these mediums. Commercial marijuana operations are now North America wide, as several states in the USA voted for recreational and medicinal marijuana legislation. (https://www.theguardian.com/us-news/2016/nov/08/state-ballot-initiative-election-results-live-marijuana-death-penalty-healthcare)

Marcy Kiesman, CEO comments: “Durango’s management team is pleased with its decision to diversify its holdings by acquiring alternative green projects which are versatile enough to be used for construction, agricultural use and for additional green-tech solutions. The beneficial chemical properties of agricultural lime can significantly boost the profit potential of farms and can increase fertilizer efficiency up to fifty per cent which is important for crop yield and profitability.”


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About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi project, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including commencement and completion of the limestone projects, obtaining final government, industry and other approvals of mining such projects, future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.