Junior Resource Investing

JRI

Junior Resource Investing is a podcast dedicated to expanding your understanding of the mining and resource exploration sector as well as uncovering important and exciting companies within it. Interviews with company CEOs and informational episodes are the focus. read less
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Episodes

Kodiak Copper Webinar: 2023 Exploration Review & 2024 Exploration Preview - AI Changes Everything
May 14 2024
Kodiak Copper Webinar: 2023 Exploration Review & 2024 Exploration Preview - AI Changes Everything
CEO Claudia Tornquist and Chair Chris Taylor join me once again to talk recent news from their company Kodiak Copper. Kodiak continues to eat their elephant one bite at a time as they progress their massive MPD porphyry project in southern BC. We discuss 2023 results and the impact of VRIFY's powerful new tool to be used in 2024, wherein Kodiak will use AI to help collect, collate, and analyzing their above and below ground exploration data to help in their quest for BC's next great porphyry. Two parts to this one - part 1 is dedicated to 2023 and part 2 is dedicated to 2024. Time Stamps: Part 1: 2023 02:00 General Overview of 2023 Drill Program 03:55 Successes and Struggles 07:55 Why did some holes fail to get assays 11:15 With hole 18 (525m at .09% CuEq) – what clues do you have that it is the edge of a porphyry and not the center? 17:10 What evidence do you have that MPD South is a single complex? 21:30 Hole 15 at the South (13m @ 0.43% Cu and 659 g/t Ag) – Explain how it fits in your model Part 2: 2024 26:10 2024 Exploration Plans Overview 28:30 VRIFY – How much is proprietary black box and how much can you see behind the curtain? 33:05 How much human input goes into the modelling system 39:30 What is 2024 priority region for drilling? 42:35 How do you balance drilling aggressively while copper is hot while being defensive when the share price is suppressed? 44:15 How do you split up meterage – spread things out or concentrate? 47:05 Which 2024 targets are Kodiak-generated vs. VRIFY-generated? 48:30 Resource estimate at Gate Zone to be expected? 51:15 When can we expect VRIFY details from the south? 51:50 How is your relationship with Teck? Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Sendero Resources Exploration Update: Drilling Into La Ollita Assays and Market Expectations
May 14 2024
Sendero Resources Exploration Update: Drilling Into La Ollita Assays and Market Expectations
Sendero Resources (SEND.V) released 3 more holes from its La Ollita target today. The results were not barn burners, but were still successful, particularly as part of a first drill campaign, as they delineated hundreds of meters of economic (at scale) mineralisation. Nevertheless, the market was unimpressed and SEND.V is now off its recent highs considerably. MD Michael Wood joins me again to discuss these results, SEND's future plans, and reflect on the market's response. Time Stamps 01:00 Overview of Results 05:00 Lithocap Model and further exploration 09:30 Market Response 11:00 Mineralisation types and drilling locations 17:15 Magnetotelluric Survey Discussion 20:00 Eldorado exploration vs. Sendero 26:00 Why is the stock price down so badly Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Thesis Gold, 2023 Drill Campaign Pt. 2: The Ranch Project - Scratching the Surface
Apr 8 2024
Thesis Gold, 2023 Drill Campaign Pt. 2: The Ranch Project - Scratching the Surface
Thesis Gold (TAU.V) CEO Ewan Webster returns to discuss the final results from their 18,000 meter 2023 drill campaign at their 100% owned Ranch project in the Toodoggone region of BC. There was a lot of success to be found this year - areas of long intercepts of high grade gold buried within even longer intercepts of disseminated mineralization. With a new, universal, MRE just a few weeks away, and a PEA due in Q3, Thesis looks like it will continue to build on its strengths. Time Stamps 1:20 Overview of Targets to be Discussed 1:50 General Overview of Ranch Project for Context 07:30 Thesis Structural Corridor 14:00 Bingo Zone 20:00 JK Zone 28:00 Bonanza-Ridge Zone 30:20 What is coming in 2024 Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Sendero Resources Maiden Drill Campaign Update: First Results of a New Discovery in Famous Vicuna
Apr 8 2024
Sendero Resources Maiden Drill Campaign Update: First Results of a New Discovery in Famous Vicuna
Sendero Resources (SEND.V) released the first batch of results from its Peñas Negras project today (April 3, 2024). The headline is the discovery they are currently working to uncover at their La Ollita target, that came up with Au+Cu+Mo to the tune of 0.53 gpt AuEq over 256 meters starting from 83 meters down. While the grade isn't going to turn any heads, for a first hole into a target, this seems like a strong start to exploration at La Ollita. Now, with 4 - and even 5 - more holes drilled into it and due to the market over the coming weeks, the hope is that SEND can build on its success and demonstrate that there is a true discovery to be had, even if the market was unimpressed and sold off on the news today. Time Stamps 1:20 Michael shares his initial thoughts on results 6:30 Brief overview of what SEND is doing different than previously operators 10:30 Assay Tables – Was it being a gold dominant system a surprise? 14:20 Why does Michael think there was a sell off? 17:30 Are there more holes left to be drilled and when can we expect results from the lab 20:00 Accusations of smearing – Michael’s Response Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Invictus 03/25 Fireside Chat: MD Scott Macmillan Explains Why Invictus' Plans Remain on Track
Apr 8 2024
Invictus 03/25 Fireside Chat: MD Scott Macmillan Explains Why Invictus' Plans Remain on Track
Invictus - despite objective success in unlocking its Cabora Bassa basin - wallows near 52 week lows. MD Scott Macmillan joins me once again to try to reconcile what Invictus has accomplished with its current market valuations. Updates on financings (past, present, and future), the PPSA, flow testing and 2024 exploration all made it into this long, 2 hour chat. Scott's conviction remains firm that good things are coming soon for Invictus. Time Stamps: 00:17 Disclaimer sand Intro 07:05 How the last few months have unfolded and the discrepancy between what Invictus had accomplished and the share price. Causes and consequences. 17:46 Overview of Financing Options 22:30 What lessons has Scott learned/preventative measures in place to protect against downward pressure that has been placed on the stock. 26:46 Predatory Financing Partners 33:00 PPSA and Sovereign Risk 39:53 Rights Offering and the Recently-Completed Financings and Insider Participation 46:35 Follow-up converstion on non-dilutive financing options 53:00 What are JVs and other partners waiting on before they sign on, and pilot project revenue options 1:01:00 PPSA Update 1:09:00 Will Invictus be releasing more data 1:18:00 Will it flow? 1:30:00 Will the lab data increase net pay? Conversation about M1 and M2 data. 1:37:00 3D Seismic Update 1:45:00 Current financial situation 1:52:30 Timeline of events moving forward 1:56:30 Pilot Plant Timeline Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
iTech Minerals Lacroma Drill Campaign in Review & Company Update: On Track to Bottom Quartile Costs
Mar 11 2024
iTech Minerals Lacroma Drill Campaign in Review & Company Update: On Track to Bottom Quartile Costs
Time Stamps below. Companion Article and Written Summary: Managing Director of iTech Michael Schwarz joins me today to provide an update on iTech's Lacroma Project. The project hit a rough spot a few months back with some questionable drill results as graphite sentiment bottomed out. However, as Mike demonstrates, iTech has found success enough to overcome those weaker results, and that their initial plans and goals remain on target. After a brief recap of iTech so far, Mike uses a 3D leapfrog model to walk us through his Lacroma drill results and points us to the fact that they will likely hit their 40Mt goal from this drill campaign. Mike then takes us further, walking us through their confidence in becoming a lowest-quartile cost producer, as well as the potential for future discoveries, ending with a discussion on how iTech plans to become a producer itself and the costs associated to get its own modular plant. I believe strongly that graphite is in the pendulum downswing overreaction any good contrarian investor needs. Graphite's needs in a green future are inescapable. Project's like iTech's Lacroma - cheap, strong jurisdiction, and low-carbon output - are exactly what the industry needs. Time Stamps: 00:06 Intro to Interview 2:00 Brief Recap of Drill Campaign 06:00 What did iTech Accomplish Last Year? 9:20 Sugarloaf 10:30 Going Over Lacroma Drill Results 14:00 3D Leapfrog Drill Results Presentation 17:25 Cutoff grade, Met work, and General economics 24:20 Sugarloaf Discussion and Update on Met Work 28:30 Lacroma North - Meterage, Met Work, etc. 33:00 Upcoming Catalysts 36:00 Pilot Plant Production 46:00 Non-China Graphite Premiums 47:00 New Land Acquisition 51:00 Concluding Thoughts Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Evaluating Matters: How to Value Fireweed Metals with PI Financial
Mar 8 2024
Evaluating Matters: How to Value Fireweed Metals with PI Financial
Overview I sat down with base metals analyst Connor Mackay of Pi Financial to discuss @fireweedmetals. Connor covers Fireweed and I took this opportunity to pick his brain and have him show his work a little bit on the process and logic behind his work. Fireweed is a best-in-class asset that, because of this status, makes it a bit of a trick to properly place a dollar value on as it is without a true peer. However, its inherent and strategic value is impossible to ignore and as Fireweed continues to prove up discovery after discovery and progress through economic studies, you have to think that eventually a sort of critical mass will be achieved and its true value will be more properly reflected in its market cap and share price. Time Stamps 02:21 The Valuation Process - What are + and - you look for? 07:08 Risks and Opportunities the Market is Underestimating 09:00 Connor's Key 3 factors in Risk Weighting 11:41 Use of 12% Discount Rate for Fireweed. Do Base Metals Deserve a Higher Rate than Precious? 19:10 Why does Fireweed have such a disconnect between the low price and high value? 23:23 The Zinc Market 29:30 Gayna River valuation 31:00 Justifying their 0.6 NAV ratio they use as a price target and peer comparisons 35:00 Core Remaining Risks and Upcoming Catalysts Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Drilling it Out: Why Founders is Even Better Than You Thought it Was
Mar 8 2024
Drilling it Out: Why Founders is Even Better Than You Thought it Was
Substack Written Summary and Companion Article: https://juniorresourceinvesting.subst... Recent drill results out of Founders Upper Antino project have served to redefine the potential of it. Strong drill results have become the norm for Founders, and these last few batches of results are no different. But it is not so much what has been found, but where, that is so critical to how this story is (positively) unfolding recently. What was initially thought to be a low-grade, bulk tonnage target at Donut has revealed long runs of high-grade gold within it instead, while Froyo has been both significantly deepened and widened, and is beginning to suspiciously look like an open-pittable future deposit. These are massively positive developments on the front of scope, scale, and economics that look to bolster an already impressive project. Time Stamps 00:02 Opening Thoughts 01:25 Recent Drill Results and Their Significance 12:12 Open Pit Mining 16:13 What Does the Market Not Understand? 19:56 Future Drilling 23:03 Short selling 25:12 Parting Thoughts and PDAC Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Special Guest Chris Taylor Discusses BC's New Critical Mineral Strategy: Do it Right or Do it Fast
Feb 25 2024
Special Guest Chris Taylor Discusses BC's New Critical Mineral Strategy: Do it Right or Do it Fast
Chris Taylor (Chairman Kodiak Copper, former CEO of Great Bear Resources) recently joined me to discuss BC's newly-released critical mineral strategy in a long-form interview meant to help investors themselves make sense of these incoming changes. Ever articulate and unafraid to express his opinions, Chris makes for a great interview and has ideas worth listening to. Chris discusses in detail his hopes and concerns with the announcement. On the one hand, Chris is very happy to see sincere government support for the first time in his 25 year career. However, Chris also worries that timelines for such a complex and involved process are being unnecessarily rushed. This is a rare and unique opportunity to rewrite BC's relationship with mining on an individual, community, provincial, and international level - it needs to be done with great care and commitment. @kodiakcoppercorp.4849 @greatbearresources9109 Time Stamps 02:14 What was Chris encouraged to see in the release? 03:35 What was missing that Chris was hoping to see? 06:16 Is there any risk of this becoming a political football in BC? 13:12 What sort of support do you see from First Nations communities themselves? 20:50 What is one change you would make if you were in charge of this process entirely? 26:09 Do you have any notion of what the government’s plan looks like? 27:44 Mining Association of BC (MABC) Response was that BC miners and smelters are financially disadvantaged vs. Ontario and Quebec – explain how this is. 35:04 What other lessons might BC learn from Ontario and Quebec? 41:16 BC Hydro coming up with billions in infrastructure spending – what is the process involved for mining companies to access that cash? 45:15 ESG Conversations – How does mining shed its negative reputation and be seen as critical to future decarbonisation efforts and attract younger generations into working in it and supporting it? 52:00 Final Thoughts Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Great Projects Don't Stop Growing: Why Founders Metals' Impressive Run is Just Getting Started
Feb 25 2024
Great Projects Don't Stop Growing: Why Founders Metals' Impressive Run is Just Getting Started
Founders Metals (FDR.V) is already a heck of a story and is just going to keep getting bigger. Honestly, that’s it in a single sentence. Of course, CEO Colin Padget and I talked about a lot more than that in our longform intro interview - historical mining, modern exploration success, permitting, mining tailings, future plans, and much more - but all roads lead back to Rome here. Which is to say that my discussions with Colin (and my DD work in general so far) have led me to the belief that Founders - far from being done in terms of exploration results leading to market appreciation - is just getting started. This is because Founders’ Antino gold project has all the hallmarks of a truly great project. Time Stamps 02:20 Founder's Metals Overview and Colin Padget Intro 07:04 Acquisition Strategy and Exploration Focus 09:30 Ownership, Partnerships, and Future Directions 11:57 Exploration Achievements and Jurisdictional Advantages 16:43 Community Engagement 19:06 Taxation, Royalties, and Permitting Insights 23:52 Artisanal Mining History at Antino 26:14 2023 Recap and 2024 Exploration Plans 30:51 Geological Insights and Exploration Strategy 33:20 Vision for the Future and Potential Partnerships 42:55 Tailings Processing and Non-Dilutive Funding Options 47:43 2023 Drilling Highlights and 2024 Objectives 52:35 Engagement with Potential Partners and NDAs 54:58 Elmtree Project in New Brunswick 57:23 Closing Thoughts and Future Outlook Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
"We Want to Become a Producer": CEO Brodie Sutherland What Sets TOCVAN Apart From Other Juniors
Feb 4 2024
"We Want to Become a Producer": CEO Brodie Sutherland What Sets TOCVAN Apart From Other Juniors
(Reuploaded with improved audio) Make sure to use the time stamps below to navigate this longform interview. @tocvanventures New Resource Exploration Discord: https://discord.gg/X9mmUMtU Written Summary and Companion Article: This is a good one. TOCVAN is pursuing an aggressive growth strategy to get to production within a couple years. Very cheap exploration looks to be leading to very cheap production, giving TOCVAN a huge advantage over junior explorers and developers. If TOCVAN is able to execute over the coming 24-30 months, this will very quickly become a market darling. CEO Brodie Sutherland joins me to discuss his vision, his execution, and the potential and future of TOCVAN. Time Stamps 01:00 Elevator Pitch 02:00 Discussion of float 04:00 Brodie’s Path to becoming TOC’s CEO and TOCVAN’s Team 06:45 What has Brodie had to learn on the fly to succeed as a CEO of a junior resource company 09:30 Overview of Picacho 14:45 Overview of Pilar 20:00 What are you working on to develop your targets in the expanded Pilar package? + geophys discussion 27:00 Relationships with artisanal miners 32:00 Cost of exploration 33:45 Vision of accelerated pathway to production – why it could work. 38:45 Mexico’s stance/perceived reluctance towards open pit mining 44:30 Explanation of skipping economic studies 49:30 Bulk Sample and heap leaching 53:00 Dore Bar Appearance 54:30 What is the size of the prize? Goal for ounces and tonnage from initial Pilar 57:30 Cost to get to production? 1:00:30 Financing options 1:05:30 Option Agreements for various concessions 1:06:30 Final thoughts   Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Alaska Energy Metals:  Company and Update and Intro to their High-Grade Canwell Prospect
Jan 20 2024
Alaska Energy Metals: Company and Update and Intro to their High-Grade Canwell Prospect
@AlaskaEnergyMetals  New Resource Exploration Discord: https://discord.gg/X9mmUMtU CEO Greg Beischer of AEMC.V sat down with me again to discuss some of the headlines his company has produced since we last spoke, including impressive drill results and initial MRE, an interesting BoD appointment, and the activity of their neighbours. We close into a bit of a deep dive into their side project the Canwell prospects which - if the current drill campaign planned for 2024 comes good - could completely alter the economics of the project. Time Stamps 01:00 Headlines Discussion – Drilling Results Were there ever any concerns on your end that things might not come up the way you thought. 04:00 Maiden Resource Estimate 05:00 Next Drill Campaign, next MRE target size? Metallurgical Work 09:30 When will the next drill campaign begin 10:20 Mark Begitch Board Appointment 12:30 KoBold Data Sale and Company Discussion 16:00 Canwell Property Intro 18:55 How deep was historical exploration and how deep do you plan to go and geophysics discussion 25:15 Drilling on Canwell in 2024? 27:00 Final Thoughts 28:20 Vancouver Conference Season Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
FPX Announces a New Strategic Partner and CEO Martin Turenne Reflects on the Future of Mining
Jan 20 2024
FPX Announces a New Strategic Partner and CEO Martin Turenne Reflects on the Future of Mining
My first sit down with CEO Martin Turenne of FPX was a busy one. The morning of our interview, news came out that FPX had acquired another strategic partner, bringing on Japanese company Sumitomo in another major derisking event for the company. Designed with the idea in mind that FPX is already well known, topics were more involved than your typical introductory company interview. The wide-ranging interview centers on a discussion of the new partnership, conversations around ongoing First Nations negotiations, updates on FPX’s many partnerships, and a reflection on what Martin believes needs to change most for the mining industry to be able to continue to grow and meet the needs of an evolving society in a sustainable fashion. Time Stamps: 01:00 Introducing FPX and its Baptiste Project 03:23 Sumitomo Partnership Introduction 06:30 How long was this deal in the works, where does it fit in the current cycle? 09:00 What sort of negotiation was it? Other interested parties? Strength of FPX’s dealmaking 13:40 How do you balance bringing in partners and preserving value for would-be buyers? How much of your offtake have you sold? 16:30 Update on Jogmec deal 19:15 Canada/US Federal Funding application update 21:00 First Nations Sovereignty and Negotiatons – What do they look like 29:00 Discussing the two nations FPX does not have an agreement with 30:00 How involved is the provincial and federal government in the Tl’azt’en negotiations? 34:20 Tl’azt’en Election petition to accelerate their 2025 election to 2024 of this year 35:20: BC Critical Mineral Strategy – overview 38:30 What changes would Martin like to see in our approach to how we manage our minerals? 39:30 How has your relationship with these nations evolved over time in your time as CEO? 44:10 Does the delay of the critical mineral strategy delay your environmental permitting process? 46:00 How do we get to the point where clean mining is valued in a way that priortises it over dirty mining? Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Searching for Mother Rottenstone: Previewing Fathom Nickel's High Impact Albert Lake Drill Campaign
Jan 19 2024
Searching for Mother Rottenstone: Previewing Fathom Nickel's High Impact Albert Lake Drill Campaign
Fathom Nickel is just 2 weeks out from spudding its hotly-anticipated 2024 winter exploration campaign at its Albert Lake property in northern Saskatchewan. For the first time, they will be drilling out their primary target (permitting issues - simple and solved - had prevented it previously). The size of this first target is truly massive and would transform the company as we know it if successful. CEO Ian Fraser joins me to discuss his plans and Albert Lake's potential. With results just a few short months away, Fathom Nickel has the chance to be one of the great discovery stories of the year. Time Stamps: 01:18 Introduction to Albert Lake Targets 13:30 How many holes are budgeted for the primary target? How do you decide when to keep drilling or not if you find success 16:40 Other Albert Lake Targets? 22:00 Top 3 targets at Albert Lake 22:50 How big is your priority target? 26:40 Use of BHEM 28:55 Use of XRF 33:40 Core photos? 35:20 Will we see a Gochager camp this campaign? 36:18 Financing update? 37:30 Speed of Drilling 38:30 Lab turnaround Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Thesis Gold 2023 Drill Campaign Review, Part 1: Drilling out a Better mine Design at Lawyers.
Jan 19 2024
Thesis Gold 2023 Drill Campaign Review, Part 1: Drilling out a Better mine Design at Lawyers.
Time Stamps Below Thesis Gold (TAU.V) CEO Ewan Webster and COO Ian Harris join me to discuss the final results of their 20,000 meter drill campaign at Lawyers in 2023. Lawyers has a preexisting PEA from merged Benchmark Metals and Thesis is looking to improve the economics of it by adding a starter underground mine. Ewan and Ian to discuss how this was confirmed - or not - by 2023, how the projects are looking from a met work perspective, and what investors can look forward to in 2024 from Thesis. 02:00 How did Lawyers evolve with the 20,000 meters drilled into it this year. 04:20 Improving Economics With a Redesigned Mine 06:10 Where do Lawyers results fit into pre-drill expectations? 10:50 Any Surprises? 11:40 Are there more discoveries to be made at Lawyers? 13:40 Did you get what you came for? Are you happy with what happened? 15:50 Did you get the grade you need to make an underground starter mine viable? 22:05 Non-Drilling Chat. Discussion of Optimisation Studies – Have your plans for the UG mine changed based on these numbers? 24:50 Met works and flow sheets – how simple is it and how does Ranch and Lawyers work together 29:10 What can we expect from 2024 – timeline of catalysts 30:40 What do conferences like the upcoming VRIC offer you? 33:40 Final thoughts from Ewan and Ian Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Work to be the Best: FWZ.V’s Brandon Macdonald Long Form on Success, Infrastructure & Social License
Dec 24 2023
Work to be the Best: FWZ.V’s Brandon Macdonald Long Form on Success, Infrastructure & Social License
Time Stamps Below Companion Article and Interview Written Summary: https://juniorresourceinvesting.subst... Join the community:   / discord     I sat down with Fireweed Metals (FWZ.V) CEO Brandon Macdonald for a far-reaching discussion on Thursday, December 22. Building off implied general knowledge of Fireweed, the focus of this conversation was not so much meant to be an overview of the company as it was an opportunity to dig deeper into specific topics and concepts related to it. Brandon reflects on his own time as CEO of FWZ, the strength of his team and its teamwork, the importance of geological originality and expertise, infrastructure developments related to mining in Yukon, and more. Companion article and Written Summary on Discord.   Time Stamps 01:20: Brandon’s Elevator Pitch 4:00: What does 2024 look like for Fireweed? 09:35: Logic/rationale behind acquiring Gayna River 13:10: Reflections on success of Fireweed -What do you credit it to? 21:00: What is Brandon’s attitude towards watching the share price 24:00: What have you had to learn to succeed as an executive 27:20: Brandon’s attitude towards using social media to connect with shareholders 33:30: Closer Discussion of the geological model – What exactly did they do differently that is producing results? 40:00: What does Fireweed have earlier explorers didn’t 44:00: Inclusion in Silver Miner Index SILJ 50:30: Infrastructure – Skagway Port 59:00: Does critical minerals trends factor into Trail vs Skagway? 1:02:00: Yukon Resource Gateway Program   Disclaimer   The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Drilling Among Giants: Sendero Resources’ Search for The Next Big Copper Porphyry Discovery
Dec 17 2023
Drilling Among Giants: Sendero Resources’ Search for The Next Big Copper Porphyry Discovery
Time Stamps Below Companion Article and Interview Written Summary: https://open.substack.com/pub/juniorr... Join the community:   / discord   Sendero Resources (SEND.V) has mobilised its drill rig and is just weeks away from its mid-January inaugural 4500m drill campaign on its Peñas Negras project. Staked before The Lundins made the surrounding Vicuña copper porphyry belt world famous and historically almost entirely undrilled, Sendero has a rare real shot at a potentially massive discovery over the next couple months. Executive Chairman Michael Wood joins me to discuss some of the details that makes this high-risk, high-reward opportunity uniquely powerful. Time Stamps 01:12: Brief overview of Sendero and their Property 03:53: Strength of Sendero Team and Hernan Vera 08:03: Why has historical exploration been so limited? 11:18 Discussion of La Rioja as a Jurisdiction 15:03: How has SEND’s relationship with its larger neighbours been? 16:55: Current overhang, shares in escrow, how the stock has been trading 20:20: Geological discussion with slideshow 32:45: How does the size of your target at La Pena compare to neighbours? 37:10: Drill campaign - # of holes, # of meters 40:30: Turnaround time for labs in their area. 42:00 Final Thoughts Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
Abra Silver’s Updated MRE: Better grade, better ounces, better project.
Dec 14 2023
Abra Silver’s Updated MRE: Better grade, better ounces, better project.
Time Stamps Below Companion Article and Summary Content: https://open.substack.com/pub/juniorr... Join my Discord:   / discord   Sometimes it is just obvious that a project will eventually become a mine. Abra Silver's Diablillos project is one of these. High grade, shallow, ongoing expansion, and new discoveries still lurking - it has all the trademark characteristics of a successfully exploited deposit. Even from such a strong foundation, Abra Silver improved in a material way from their recent MRE. Ignoring the resource growth, increased grade, and exciting new JAC zone being added to the mine plan for the first time, the part that caught my eye was the impressive improvements at silver recovery - improving a full 11% or more from ~73%-~84%. Their newly refined block model has also allowed Abra to better delineate their high quality ore. With a PFS due by PDAC, I am sure that it is going to have some very impressive numbers in it. This is one of those plays where, sure, you've missed out on the share price multiples that happens along the way to become such a powerful deposit, but it is very high confidence to still net you market-beating returns whenever the inevitable M&A transaction occurs, and will doubtless be a star if and when the bulls return. Time Stamps 01:00 Brief walkthrough of the MRE Improvements 02:30 Explanation of where the new ounces are coming from 04:40 JAC starter pit grade and grade in general 07:35: Drill hole spacing for the different categories. 08:35: What is John’s Target 11:20: Further potential of other targets 12:05: Phase 4 Drilling (what’s next) 13:35: What is their plan with the copper/sulphides 20:15: What made you change your cut-off grade/block model discussion 24:00: Increased recoveries: Discussion 29:00: Strip Ratio and Depth of the Pit 32:00: Discussion on $ per oz Ag discovery ($0.17) 36:20: Final Thoughts
”We have a very nice discovery on our hands.” Why the Future is so Bright for Invictus Energy
Nov 29 2023
”We have a very nice discovery on our hands.” Why the Future is so Bright for Invictus Energy
Discord: https://discord.gg/WbPaeEjWHD Substack: https://juniorresourceinvesting.subst... Interview Transcript: https://docs.google.com/document/d/1H... Overview: Scott Macmillan stopped by for another live conversation built around investor questions. Invictus is currently drilling out the sidetrack on the M-2 well in search of an agonisingly-elusive fluid sample to confirm discovery and allow Invictus to declare net pay etc. While the road thus far has been rocky, the destination remains as bright as ever. Scott shares openly on challenges and lessons learned so far during exploration, the potential Invictus' land holds, and his vision for the future after what appears to be imminent, successful, discovery announcements. No one ever accused frontier wildcat drilling of being easy, but the potential for blue sky valuation remains as compelling as ever. Time Stamps: 00:03:12 Discussion of Mukuyu-1 Data: When will it be released? What will be released? Concerns over useability of the swc? 00:10:22 Scott’s philosophy when it comes to news releases and public sharing of data and would he change anything in hindsight. 00:18:15 M-2 Data; Seismic – calibrated?; Logs acquired in M-2 00:24:00 Pressure data 00:27:30 Thermogenic vs. Biogenic and fluid contacts and source rocks 00:34:00 Can you determine salinity on-site? On-site testing in general. 41:54 M-2 Sidetrack Discussion 52:10 Borehole conditions, discussion around drilling into differently-pressured Lower Angua 54:00 M-2ST contingency plan 1:00:00 Steps taken to reduce tool wear and damage 1:07:15 Use of LWD in case of failure? Cased Hole Testing 1:10:00 Petrophysics Discussion (salinities, on-site analysis, etc) 1:19:45 Net pay numbers – when to expect, flow-testing M-2 1:24:00 Philosophy behind farmouts and JVs – when is the right time? Followed by data room discussion 1:34:00 Forward-looking plans, what does the medium and long term future look like 1:39:45 Near-term events: Completion of side track, 6” hole extension, flow testing etc. Rig retention, well planning 1:49:20 Financial situation, cost of their various potential steps, funding opportunities moving forward, bigger, multi-well, campaigns planned, bank financing etc   Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.
”This Thing is Wide Open”: CEO Ian Fraser Discusses Fathom Nickel’s 2023 Drill Campaign Results
Nov 22 2023
”This Thing is Wide Open”: CEO Ian Fraser Discusses Fathom Nickel’s 2023 Drill Campaign Results
https://discord.gg/fa8WtMq78R CEO Ian Fraser sat down with me again to discuss the results from Fathom's 2023 drill campaign on its Gochager Lake project. The market responded with disappointment as it was expecting ultra high-grade (and this market is swift to punish these days), but I believe there remains a lot of positives to be found in this campaign. Most importantly, it doesn't shut the door on Gochager's potential, but rather has provided Fathom with more critical data points to finetune their exploration process. Mineral exploration is a deeply iterative process, and Ian demonstrates that mindset well in this interview. Ian discusses important additions to his dataset garnered from this campaign: 1. They are increasing their understanding of the fault system that intersected the ultra high-grade mineralisation they drilled this past spring. This will allow them to chase that high grade along the footwall during their next Gochager drill campaign. 2. Ian also discussed that the directional trend of the zone was more straight north than they had anticipated. With the high-grade zone of these steep, vertical lenses just a couple hundred meters in length, missing even by a few dozen meters means you've missed by a lot. 3. BHEM has again been used effectively to identify and fine-tune targets off-hole, giving Fathom confidence that there remains high-grade zones lurking at Gochager waiting to be found. 4. Geochem work continues to be cross-referenced with their geophys and BHEM work. This again creates narrower, more specific understandings of what they are looking at - and looking for. In my thoughts, the market is punishing Fathom for two things primarily, unrelated to the actual drill results: 1. Needing money 2. No more news flow for a few months Add on the merciless nature of this market where anything less than exceptional results gets crushed, and the market response comes into focus. But the future remains remarkably bright for Fathom. Now they just need to raise money and get after it once more. Time Stamps: 01:30 Ian Discusses How Results Matched his Expectations, including any surprised good, bad, or indifferent. 05:46 Discussion of how these results still confirm Fathom's working model, with more potential at depth 09:51 Discussion of the two extremes - large bands of low-grade mineralisation, and small, ultra-high grade vein intersects, and what that means for their exploration model. 16:28 The significance of those veins, chasing deeper, winter drill campaign plans 20:24 Importance of BHEM and Fathom's continued, growing master of this land. Further targets have already been identified.   Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR+ filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we may have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. I work hard to be independent, objective, and selective, but you should be critical of my work. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.