Posts Tagged ‘copper’
Liberty Star $LBSR Releases Hay Mountain Technical Report
- All critical land is acquired and the release is now made.
- Report is organized according to the format and style of Canadian NI 43-101, authored by Jan C. Rasmussen Ph.D., R.G. and reviewed by Corolla Hoag Registered Geologist and Tucson SRK Manager.
- An extract of that report is located on the Liberty Star website
TUCSON, AZ, Nov. 19, 2018 — Liberty Star Uranium & Metals Corp. (“Liberty Starâ€) (OTCPK: LBSR) is pleased to announce the release of the Hay Mountain Project Technical Report submitted by SRK Consulting and held in confidence due to exploration activity in the area. All critical land is acquired and the release is now made. The report is organized according to the format and style of Canadian NI 43-101, authored by Jan C. Rasmussen Ph.D., R.G. and reviewed by Corolla Hoag Registered Geologist and Tucson SRK Manager. An extract of that report is located on the Liberty Star website.
The Report recommended additional technical work including drilling Hay Mountain targets to determine if the indicated copper presence will lead to a bankable feasibility study and a commercially viable resource can be defined.
Key Points:
- Hay Mountain is a porphyry copper deposit related to a fracture system in an eroded caldera margin.
- LBSR exploration to date has been regional-scale airborne geophysical surveys, geochemical and biogeochemical surveys.
After the compilation of the SRK technical report, Liberty Star conducted the recommended detailed surface and subsurface studies including additional vegetation geochemical sampling, geophysical ZTEM surveys, and XRF geochemical analysis. These studies serve as confirmation of the SRK technical report recommendations and have led Liberty Star to plot and permit specific drilling targets to carry out additional technical report recommendations. Drilling will begin once appropriate resources are in place.
Key Indicators: The USGS publication of the map (USGS Publication Circular 1380, Chapter 7)
identifies historic production from at least 37 porphyry copper mines in SE Arizona and Northern Mexico in an area identified as the “Great Cluster.†This area has produced approximately 240 million metric tons (tonnes) of copper, divided among 37 deposits in the Great Cluster – Copper-Gold equating to an average past copper production of 6.5 million metric tons copper = 14.3 billion lbs. of copper at a projected future copper market price of $6/pound or $86 Billion dollars, which for illustrative purposes is distributed equally per deposit in the Great Cluster. This is a hypothetical average with some much larger and some much smaller deposits with past production. This also suggests there are yet to be discovered deposits of copper which will be in this range.
- With careful technical work LBSR believes that at least a square mile of alteration is present, and much more is probable. This can be compared to the recently stated $10 billion value placed on a very similar Rosemont camp deposit which covers about 1 square kilometer. Thus, Hay mountain may contain $10 billion x 2.6 kilometers/sq. mile or about $26 billion in copper. The Hay Mountain Property will generate copper in known sedimentary limestones and igneous layers, not necessarily flat but concentrated in contorted layers visible in geophysics which start at about 300 feet (also indicated by geophysics) from the surface and go to perhaps a geophysically indicated depth of 6,000 feet. If the deposit is larger, thicker or higher grade it could be substantially more. Conversely, lower grades and smaller volumes would result in smaller mineral resources and lower value. The size of the alteration zone at Hay Mountain is about 8 miles long and 6 miles wide. The zone contains multiple magnetic anomalies and electromagnetic anomalies interpreted as porphyry copper centers or hot spots (skarn) and may be very much larger than estimated above.
“This may be world class discovery in a historically proven mineral zoneâ€- The Great Copper Cluster, remarked Jim Briscoe, Chief Executive Officer of Liberty Star. “Our geophysical and geochemical surveys have provided additional validation of a very large multi-mineral footprint at Hay Mountain.â€
About Liberty Star
Based in Tucson, Arizona, Liberty Star, Inc. is a public company trading under the symbol LBSR. Liberty Star’s main project involves a large mineral footprint in a developing high-grade mineral region in southeast Arizona.
RISK FACTORS FOR OUR COMPANY ARE SET OUT IN OUR 10-K AND OTHER PERIODIC FILINGS WITH THE SEC ON EDGAR
Forward-Looking Statements
Some statements in this release may be “forward-looking statements†for the purposes of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by words such as “believe,†“expect,†“anticipate,†“plan,†“potential,†“continue†or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company’s Annual Report on Form 10-K for the year ended January 31, 2017, as updated from time to time in our filings with the Securities and Exchange Commission, most recently in the Company’s Quarterly Report for the period May 1, 2018 to July 31, 2018. The Company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services.
Contact:
Tracy Myers, IR Representative
Liberty Star Uranium & Metals Corp.
520-425-1433
[email protected]
How #China Is Shaping #Copper Markets $LBSR $TMBXF $MIN.ca
- Electric cars, renewable energy will drive demand in the decade ahead, says report.
- When searching the global markets battlefield for potential casualties of the United States trade war with China, two of the more obvious are the rnminbi (RMB) and copper.
- But the rapid adoption of renewables and electric cars are long-term secular trends that may ultimately prove more important drivers than tariffs and trade wars.
Indeed, their twin fortunes have been intimately intertwined since the summer when sabre rattling was matched with action.
There are a number of reasons for this closer-than-usual relationship. The corollary of a weak RMB is a strong dollar and dollar strength and commodity price weakness often go hand in hand. The second is China’s crucial role in the world economy. In 2016, China accounted for 40 percent of the entirety of global growth, according to the World Economic Forum. Similarly, a one percent decline in global trade has historically led to four percent decline in copper prices.
Growth Tied to China
Both copper and China are bellwethers for the global economy and the ratcheting up of tariffs and rhetoric is unnerving investors. The September Bank of America Merrill Lynch Fund Manager Survey revealed that 24 percent of investors expect global growth to slow in the next year, up from net 7 percent in August. The surveyed investors are gloomier about the prospects for the global economy than at any time since December 2011.
As well as indirect links through trade, there is a direct relationship between the red metal and the People’s Republic: China consumes 40 percent of global copper supply. China’s economy is showing signs of slowing. The Caixin China General Manufacturing PMI fell to a 14-month low of 50.6 in August. GDP growth slowed slightly to 6.5 percent in the third quarter.
Copper demand appears to be robust. Chinese copper inventories have declined to levels last seen in 2017 when prices were over $7,000/ metric ton, in spite of refined copper imports hitting a series of seasonally adjusted record highs. This suggests those imports are being consumed.
Electric Revolution
China’s shift to clean energy is not just a policy goal, it is an environmental and health necessity. According to one 2015 study published by climate research organization Berkeley Earth, 1.6 million Chinese die each year as a result of air pollution. The electricity sector globally accounts for 65 percent of all copper demand, photovoltaic cells depend on copper and a typical wind turbine uses one metric ton of the metal.
Beyond electricity generation and transmission and renewable energy, the next biggest uses of copper are in construction and transport. An average electric car uses six kilometers of copper wire in the batteries and rotors of their engines. Demand for copper from manufacturers of electric is forecast to increase nine-fold by 2027, according to consultancy firm IDTechEx in a report published this year.
Against this backdrop, Citigroup analysts issued a report in July entitled “Prepare for a decade of Dr. Copper on steroids.” Chinese copper demand and global trade are undoubtedly important for copper prices. But the rapid adoption of renewables and electric cars are long-term secular trends that may ultimately prove more important drivers than tariffs and trade wars.
Source: https://www.thestreet.com/markets/how-china-is-shaping-copper-markets-14761310
#Copper climbs to one-week high on #China demand hopes $LBSR $TMBXF $MIN.ca
- Copper prices climbed to one-week highs on Monday due to expectations of stronger demand after authorities in top consumer China said they would take measures aimed at bolstering growth and liquidity
- Benchmark copper on the London Metal Exchange was up 1.2 percent at $6,292 a tonne at 0919 GMT from an earlier $6,331.50 a tonne, the highest since Oct. 15.
Imaduddin October 22, 2018
LONDON: Copper prices climbed to one-week highs on Monday due to expectations of stronger demand after authorities in top consumer China said they would take measures aimed at bolstering growth and liquidity.
Benchmark copper on the London Metal Exchange was up 1.2 percent at $6,292 a tonne at 0919 GMT from an earlier $6,331.50 a tonne, the highest since Oct. 15.
China’s central bank governor said last week it would roll out targeted measures to help ease company financing problems and encourage commercial banks to boost lending to private firms.
“The news from China is encouraging for metals,†said Eugen Weinberg, analyst at Commerzbank. “Measures that add liquidity will help in the short to medium term, but it won’t solve the problem of indebtedness, a problem for some years now.â€
CHINA TAX: China’s tax cuts next year could exceed the equivalent of 1 percent of gross domestic product, a central bank adviser said, in a sign policymakers might be considering another round of tax reductions.
GROWTH: China’s economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.
DEMAND: China accounts for about half of global copper demand estimated this year at around 24 million tonnes.
China is “multiplying its efforts to support the economy, and in particular, the infrastructure sector amid domestic and international headwinds,†such as the trade war with the United States and high debt levels, Fitch Solutions said in a note.
The country’s demand for copper, an economic bellwether, “will improve over the coming months as property completions and grid investment picks up and demand from the autos and consumer sectors remain buoyant,†added the research house.
TECHNICALS: Strong upside resistance for copper is at the 100-day moving average, currently at around $6,320 and support is at $6,115, the 55-day moving average.
STOCKS: Traders say significantly higher copper prices in China could encourage further outflows from LME approved warehouses to those monitored by the Shanghai Futures Exchange.
LME copper stocks at 154,225 tonnes have tumbled 27 percent since Sept. 24, while those in ShFE warehouses are up about 27 percent over the same period to 140,789 tonnes.
PRICES: Aluminium was up 1.2 percent at $2,028, zinc gained 1.3 percent to $2,660, lead added 1.4 percent to $2,020, tin rose 0.1 percent to $19,190 and nickel was up 1.4 percent to $12,615 a tonne.
Source: https://www.brecorder.com/2018/10/22/448516/copper-climbs-to-one-week-high-on-china-demand-hopes/
#RenewableEnergy to drive #copper demand, BMO says $LBSR
- Renewable energy will be the largest single driver of demand growth for copper over the coming years, according to a recent study by BMO Capital Markets.
- Currently, global copper demand is about 30 million tonnes per year. BMO forecasts copper demand growth rates through 2030 will be above a compound annual growth rate (CAGR) of 3%, “marking an acceleration on the growth rates seen over the past twenty years.â€
“The need to connect significant numbers of small-scale electricity generation units into the grid provides a major boost to copper, with solar generation capacity set to triple and wind capacity set to double by 2025.â€
Currently, global copper demand is about 30 million tonnes per year. BMO forecasts copper demand growth rates through 2030 will be above a compound annual growth rate (CAGR) of 3%, “marking an acceleration on the growth rates seen over the past twenty years.â€
As a result, BMO has added 1 million tonnes a year of global copper consumption through 2025, compared with its earlier estimates.
“We see the need for ~ 5 million tonnes per year of new projects from new primary mine supply to solve the expected supply gap and bring the market into equilibrium over the 2025-2030 period.â€
BMO has raised its long-run copper price to US$3.25 per lb. (US$7,165 per tonne).
“Changing long-run commodity prices should be a rare event, and should only take place where there is a market shift in the future outlook,†the study reported. “In our view, that event is the step-change we expect in demand expectations driven by renewables and electric vehicles.â€
Drilling deeper into the numbers, infrastructure and electrical networks currently make up about 35% of all copper demand, while construction makes up about 24%, goods and consumer products 24%, machinery 10%, and transportation about 7%.
Looking ahead, BMO forecasts renewable grid infrastructure will account for 74% of all copper demand growth to 2025.
The growth in copper demand is occurring at a time when “the current and highly probable copper pipeline is at the lowest level we have seen this century, both in terms of the number of projects and capacity,†the study stated.
Existing assets also suffer from lower grades and underperformance.
“Twenty years ago, the average grade of a working copper mine was 1.6%,†the study’s authors note. “Now, it is 1.0%.â€
“The perennial struggles of existing copper assets, particularly the large operations, have posed the biggest hurdle to overall supply growth,†the study states. “To put this in context, the largest 10 copper mines in the world in 2007 produced ~ 4.8 million tonnes of copper (in 2005 this number was in excess of 5 million tonnes). Those same operations in 2017 produced ~ 4.3 million tonnes.â€
“We have slight growth (pre-disruption) from existing assets through 2021, but after this point with many SXEW operations hitting end of life, the decline accelerates. By 2025, we see a drop of 1.53 million tonnes per year from existing operations.â€
Source: http://www.northernminer.com/news/renewable-energy-to-drive-copper-demand-bmo-says/1003798085/
FEATURE: Tartisan Nickel $TN.ca Kenbridge Property Hosts M&I Resource of 7.14 Million Tonnes at 0.62% Nickel, 0.33% Copper
TN:CSE
Investment Highlights
- Acquisition of Canadian Arrow Mines Limited includes two Ontario-based nickel-copper-(cobalt) properties
- Canadian Arrow’s Kenbridge property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper
- 20 percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property with drill program in progress
- Strong management team with proven experience in advancing projects to production readiness and increasing shareholder value
- Tightly held share structure with 50 percent owned by approximately 10 investors
Kenbridge Ni Project (ON, Canada)
- Advanced stage deposit remains open in three directions, is equipped with a 623m deep shaft and has never been mined.
- Preliminary Economic Assessment completed in  2008  and later updated returned robust project
economics and operating costs including a NPV of C$253M and cash costs of US$3.47/lb of nickel net of
copper credits. - Plans for Kenbridge include updating the 2008 PEA, advancing the project through to feasibility and exploring
the open mineralization at depth
Tartisan Nickel Corp. $TN.ca Expands Land Package at Its Kenbridge #Nickel #Copper #Cobalt Deposit, Kenora, Ontario $NI.ca $GP.ca
- Company has expanded its land package around its existing patented claims centered on its Kenbridge Nickel-Copper-Cobalt deposit
- Land package of patented and unpatented claims now encompasses 1,762 hectares
Toronto, Ontario – Tartisan Nickel Corp. (CSE: TN, FSE: A2DPCM) (“Tartisanâ€, or the “Companyâ€) is pleased to announce that the Company has expanded its land package around its existing patented claims centered on its Kenbridge Nickel-Copper-Cobalt deposit. The land package of patented and unpatented claims now encompasses 1,762 hectares.
As part of the ongoing review of the data associated with the acquisition of the Kenbridge orebody in February 2018 an additional twenty seven (27) claims were staked including six (6) claims over patented areas where the new mapstaking system MLAS indicated land availability for staking. A number of the new claims cover potential extensions to the strong magnetic feature with a 2-km strike length with a prominent deep-seated 200m long conductive anomaly located along the flank of the magnetic anomaly. The prospective target is located some 2.5km to the northeast of the Kenbridge deposit, situated along the same structural trend of the Kenbridge intrusion.
Tartisan Nickel CEO Mr. Mark Appleby noted, “ We are pleased to have increased our land position and are encouraged by the improving technical fundamentals of the nickel market. We continue to seek out opportunities to enhance shareholder valueâ€.
The Kenbridge Deposit hosts measured and indicated resources of 7.139 million tonnes of 0.62% nickel; 0.33% copper; and 0.016% cobalt; with inferred resources of 0.118 million tonnes of 1.38% nickel; 0.88% copper; and 0.003% cobalt. In total a contained nickel resource of 97.8 million pounds of nickel and 47 million pounds of copper has been defined by previous operators to date. The Kenbridge deposit is equipped with a 623m shaft and two levels and has never been mined. Mineralization is open at depth and along strike.
ABOUT TARTISAN NICKEL CORP.
Tartisan also owns a 100% interest in the Alexo-Kelex Nickel property, a past-producing nickel deposit near Timmins, Ontario with historical production of some 87,000 tonnes of nickel grading 3.06%. Tartisan Nickel is actively evaluating Alexo-Kelex to determine potential courses of action that would add value to the Corporation.
In Peru, Tartisan owns a 100% stake in the Don Pancho Zinc-Lead-Silver Project in Peru just 9 km from Trevali’s Santander mine and owns a 100% stake in the Ichuna Copper-Silver Project, contiguous to Buenaventura’s San Gabriel property. Tartisan also owns a significant equity stake (6 million shares and 3 million warrants at 40 cents) in Eloro Resources Ltd, which is exploring the low-sulphidation epithermal La Victoria Gold/Silver Project in Ancash, Peru.
Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE:TN, FSE:A2DPCM). Currently, there are 97,623,550 shares outstanding (109,547,594 fully diluted).
For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 ([email protected]). Additional information about Tartisan can be found at the Company’s website at www.tartisannickel.com or on SEDAR at www.sedar.com.
Jim Steel MBA P.Geo. is the Qualified Person under NI 43-101 and has read and approved the technical content of this News Release.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
FEATURE: Tartisan Resources $TTC.ca Kenbridge Property Hosts M&I Resource of 7.14 Million Tonnes at 0.62% #Nickel, 0.33% #Copper $ROX.ca $ITG.ca $MTU.ca
Investment Highlights
- Acquisition of Canadian Arrow Mines Limited includes two Ontario-based nickel-copper-(cobalt) properties
- Canadian Arrow’s Kenbridge property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper
- 20 percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property with drill program in progress
- Strong management team with proven experience in advancing projects to production readiness and increasing shareholder value
- Tightly held share structure with 50 percent owned by approximately 10 investors
Kenbridge Ni Project (ON, Canada)
- Advanced stage deposit remains open in three directions, is equipped with a 623m deep shaft and has never been mined.
- Preliminary Economic Assessment completed in  2008  and later updated returned robust project
economics and operating costs including a NPV of C$253M and cash costs of US$3.47/lb of nickel net of
copper credits. - Plans for Kenbridge include updating the 2008 PEA, advancing the project through to feasibility and exploring
the open mineralization at depth
Rising Chinese imports push #Copper higher $LBSR $TTC.ca
- Price of copper rose on Monday as higher imports to China and strong economic data cemented expectations of solid demand from the world’s biggest metals consumer
- Rising global stock markets also fuelled appetite for riskier assets including metals, said Societe Generale analyst Robin Bhar
- Price of copper, used in power and construction, surged last year on expectations that lower scrap imports to China would increase demand for refined metal
The price of copper rose on Monday as higher imports to China and strong economic data cemented expectations of solid demand from the world’s biggest metals consumer. Rising global stock markets also fuelled appetite for riskier assets including metals, said Societe Generale analyst Robin Bhar.
“Both macro and micro factors are good,” he said. Benchmark three-month copper on the London Metal Exchange closed 0.2 percent up at $7,110 a tonne, not farom a four-year high of $7,312.50 touched in January.
Copper imports to China rose 13 percent from December to 314,525 tonnes in January, while refined nickel imports doubled to 26,691 tonnes and refined zinc imports surged by 287 percent to 67,111 tonnes. Prices of nickel and zinc, used in the steel industry, also rose on the strong import data and a surge in Chinese steel futures after reports that China’s top steelmaking city will extend production curbs.
Nickel finished 1.2 percent up at $13,925 a tonne, close to three-year highs, and zinc ended near its highest since 2007 after gaining 0.8 percent to $3,531.50. Chinese imports of scrap metal, meanwhile, fell to the lowest level in nearly two years in January after restrictions were introduced. Scrap copper imports were down 28 percent year on year.
The price of copper, used in power and construction, surged last year on expectations that lower scrap imports to China would increase demand for refined metal. Robust economic data reinforced expectations of strong demand for metals. Prices for new homes rose in January and a poll showed that China’s manufacturing sector is expected to register another month of relatively solid growth in February.
Bets on higher copper prices increased on the COMEX exchange, with funds’ net long position rising for the first time this year in the week to February 20. LME aluminium finished down 0.1 percent at $2,138 a tonne but still within sight of a six-year high of $2,290.50 touched in January.
“With no apparent shortage of supply, we expect prices to ease back in 2018,” Capital Economics analyst Simona Gambarini said in a note. SUPPLY: Global primary production rose in January, according to the International Aluminium Institute. There was also an increase in exports of semi-processed aluminium products from China, the world’s largest producer. And in the United States a smelter was poised to restart idled production if Washington curbs imports. LME lead closed 1.9 percent up at $2,580 and tin finished down 0.1 percent at $21,625.
Source: https://fp.brecorder.com/2018/02/20180227347541/