Wide Ranging Applications Help Bolster the Demand for Precious Metals - Seite 4

Ivanhoe Mines Ltd. (OTCQX: IVPAF) Co-Chairmen Robert Friedland and Yufeng "Miles" Sun announced this January that the company's South African subsidiary, Ivanplats, is fast-tracking a feasibility study on a smaller-scale, early-stage development plan using Shaft 1 as a production shaft at its Platreef palladium, platinum, nickel, copper, gold and rhodium mining license, located on the Northern Limb of the Bushveld Complex in South Africa's Limpopo province. Palladium prices continue to surge to record highs, topping US$2,100 an ounce as stricter air-quality rules boost demand for the metal used in vehicle pollution-control devices. Platreef has an estimated 26.8 million ounces of palladium in current Indicated Mineral Resources, and an additional 43.0 million ounces in current Inferred Mineral Resources, at a 2.0 g/t 3PE+gold cut-off.

New Gold Inc. (NYSE: NGD) reported on February 13th, results of the updated Life of Mine plans for the Rainy River and New Mines. A National Instrument 43-101 ("NI 43-101") Technical Report for each operation will be filed within 45 days. The Company is also providing updated Mineral Reserves and Resources as of December 31, 2019. The Rainy River is a gold-silver mine located in Ontario. Over the past year, the Company has undertaken a comprehensive mine optimization study for the Rainy River Mine that included a review of alternative open pit and underground mining scenarios with the overall objective of improving the return of investment to secure optimal profitability. "Over the past number of months we have evaluated numerous scenarios for the Rainy River Mine and are pleased to release an updated life of mine plan that delivers a solid open pit and underground mine plan that positions the operation for profitability and free cash flow generation beginning in Q4 2020 that continues over the balance of the mine life." said Renaud Adams, CEO.

Canadian Palladium Resources Inc. (OTCQB: DCNNF) announced early last year that its wholly-owned subsidiary, East Bull Resources Inc. has entered into an option agreement (the "Agreement") with Pavey Ark Minerals Inc. ("Pavey Ark"), to acquire a 100% interest in the East Bull palladium property in the Sudbury Mining Division (Ontario) (the "Property"). P&E Mining Consultants Inc. of Brampton, Ontario has prepared a NI 43-101 compliant report on the Property dated April 5, 2018 (the "43-101 Report"). The NI 43-101 Report references a pit-constrained inferred resource of 11.1 million tonnes of 1.46 grams per tonne (523,000 ounces) palladium equivalent. The 43-101 Report recommends an exploration program to extend and define the known mineralization. The Company has not undertaken any independent detailed investigation of the information contained in NI 43-101 Report in order to verify the accuracy of the information. However, the Company believes that following the recommended exploration work program will increase the current resource and help to define the extent of the palladium mineralization. Mr. Wayne Tisdale, CEO of the Company reports: "We are pleased to have closed this transaction to acquire a palladium resource located within 70 kilometres of Sudbury, Ontario. By pursuing the recommended work program referenced in the 43-101, this resource appears to have excellent potential to add palladium ounces to the current estimate. This palladium asset perfectly complements our current Tisova copper-cobalt project. At 21C Metals, we are actively pursuing the metals required for current production demand (palladium) while also preparing for the ever-increasing demand for cobalt and copper. We call our strategy Metals for Today and Tomorrow."