The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hedgehog100
Really getting desperate now aren't you.
Must be expecting bad news soon and that woukd explain your desperate efforts to support the sp.
Sorry but nobody going to listen here as everyone is wise to what's really going on so wasting your time, heading for 0p.
"Disruption to nickel supplies likely, as Russia is world’s third largest producer
Russia is a major player in the production of base and precious metals
Alastair Ford
13:21 Thu 24 Feb 2022
Russia was the world’s third largest nickel producer in 2020, the last year for which data has been compiled.
During 2020, it produced 270,000 metric tonnes, or roughly one tenth of total global production.
Indonesia and the Philippines filled the number one and two slots respectively, with Indonesia far out ahead at 800,000 tonnes of annual production.
It remains to be seen how far Russian supplies into the market will be restricted by the latest developments in the Ukraine, but the nickel price was already at a ten year high ahead of the latest moves of Russian troops into the Ukraine.
Disruption to supply is to be expected, at the same time as demand continues strong global infrastructure projects and electric vehicle batteries.
Companies with nickel assets outside of the immediate areas of conflict, like VALE, BHP Group Limited (LSE:BHP) and Horizonte Minerals might be expected to benefit, although the immediate market sell-off on the latest Russian moves caught all the miners up in it too.
Russia is also the world’s second largest producer of gold, after China, and the second largest producer of platinum, after South Africa."
https://www.proactiveinvestors.co.uk/companies/news/975027/disruption-to-nickel-supplies-likely-as-russia-is-world-s-third-largest-producer-975027.html
"Zeb Nickel is advancing South African nickel sulfide deposit as globe goes green
Zeb Nickel, which went public in August, 2021, wants to supply the ballooning EV industry with raw material to make battery cathodes and is sitting on a high-grade nickel sulfide deposit in mining-friendly South Africa
Giles Gwinnett
12:00 Wed 01 Dec 2021
... But in 2017, the project was transferred to URU Metals (now a majority shareholder in Zeb with nearly a 75% stake), which revived the story and carried out extensive exploration. Zeb was born as a result of the desire to publicly list the project and raise capital to advance it. URU sold it to shell company Blue Rhino Capital Corp, which Zeb reversed into. Concurrently, around $3 million was raised to start drilling.
And Zeb has already completed around 2,500 metres (m) of a 3,600m first phase drill program, which kicked off in September 2021, targeting higher grade nickel, included in the footwall and part of a historic resource estimate.
Isaacs said the drilling is progressing very well and the company is already seeing good visible results. The campaign is expected to be completed by the end of the year, after which the company will await lab assays, ahead of a potential second phase of work, where deeper, higher grades will be targeted.
"We believe that we have identified some very viable high-grade zones that we have not even touched yet and I think once we get into some of that drilling in our Phase 2, we're going to start seeing some spectacular results," said Isaacs. ...
So the company and its project seem to have re-emerged just at the right time. With plenty of news flow ahead, an undervalued asset, a skilled management and technical team and the backdrop of a green energy revolution, Zeb Nickel could certainly be an interesting company to follow."
https://www.proactiveinvestors.co.uk/companies/news/967794/zeb-nickel-is-advancing-south-african-nickel-sulfide-deposit-as-globe-goes-green-967794.html
"Zeb Nickel is advancing South African nickel sulfide deposit as globe goes green
Zeb Nickel, which went public in August, 2021, wants to supply the ballooning EV industry with raw material to make battery cathodes and is sitting on a high-grade nickel sulfide deposit in mining-friendly South Africa
Giles Gwinnett
12:00 Wed 01 Dec 2021
As the world turns increasingly to electric vehicles (EVs) to get around, demand for the high purity nickel needed to make their rechargeable batteries is only likely to grow.
This type of nickel, known as Class 1, should become much sought after by suppliers and original equipment makers (OEMs) for the EV industry and so too will be the deposits where it is found - namely nickel sulfide deposits.
Two things to know about nickel - there are nickel sulfide deposits and there are laterite deposits. From the former comes the over 99.8% purity nickel, used in batteries, plating and super-alloys, while the latter host the lower grade, higher iron content material (Class 2 nickel), which is generally used in stainless steel.
New company Zeb Nickel (TSX-V:ZBNI) Corp, which went public in August 2021 wants to supply the ballooning EV industry with raw material to make battery cathodes. Handily, it is sitting on a high-grade nickel sulfide deposit (Zebediela Nickel Project) in mining-friendly South Africa, which also happens to be the eighth largest known nickel sulphide deposit in the world in terms of its resource.
Right neighborhood
The project is in the right neighborhood too. Zeb's 7 kilometre (km) by 6 km land package is in the Bushveld complex - a region synonymous with world-renowned platinum group metals and nickel producers.
It is also surrounded by great infrastructure and sits next to Ivanhoe Mines’ huge US$1.5 billion Platreef project, which churns out platinum group metals (PGMS), copper, gold and nickel. It is also just 15km from Anglo American Platinum’s Mogalakwena mine - the largest nickel sulfide deposit in the world.
Together, those two deposits alone contain more than 27% of the top ten known global nickel sulfide resources.
"It's a great exploration story. It really is the needle in the haystack here," said Zeb Nickel (TSX-V:ZBNI) CEO Wayne Isaacs on his company's flagship Zebediela (Zeb) asset.
"It's got huge tonnage. It's got a lot of potential. The project itself boasts approximately 1.5 billion tonnes of nickel at about 0.25% grade and there are numerous viable targets for us to increase tonnage and grade and position it as a world-class opportunity," Issacs added. ..."
https://www.proactiveinvestors.co.uk/companies/news/967794/zeb-nickel-is-advancing-south-african-nickel-sulfide-deposit-as-globe-goes-green-967794.html
"Zeb Nickel is advancing South African nickel sulfide deposit as globe goes green
Zeb Nickel, which went public in August, 2021, wants to supply the ballooning EV industry with raw material to make battery cathodes and is sitting on a high-grade nickel sulfide deposit in mining-friendly South Africa
Giles Gwinnett
12:00 Wed 01 Dec 2021
... And Zeb has already completed around 2,500 metres (m) of a 3,600m first phase drill program, which kicked off in September 2021, targeting higher grade nickel, included in the footwall and part of a historic resource estimate.
Isaacs said the drilling is progressing very well and the company is already seeing good visible results. The campaign is expected to be completed by the end of the year, after which the company will await lab assays, ahead of a potential second phase of work, where deeper, higher grades will be targeted.
"We believe that we have identified some very viable high-grade zones that we have not even touched yet and I think once we get into some of that drilling in our Phase 2, we're going to start seeing some spectacular results," said Isaacs. ..."
https://www.proactiveinvestors.co.uk/companies/news/967794/zeb-nickel-is-advancing-south-african-nickel-sulfide-deposit-as-globe-goes-green-967794.html
Jono,
As I posted yesterday:
"I admit that the communications from URU haven't been good in this respect, but this sort of thing can create a buying opportunity."
I would agree with you that the commencement of drilling SHOULD have been RNSed.
But no way is my info. out of date ... unlike yours.
The soaring nickel price is happening RIGHT NOW.
And the drilling results are awaited RIGHT NOW. They should be imminent.
So Hedgehog100 you still cannot provide any evidence that zeb/uru/jz has carried out any kind of drilling in q4 2021.
This is from zeb rns on 13th Sept 2021
"A 3,600 m diamond exploration drill programme is expected to commence in September 2021"
Now I'd like you to concentrate on the word's"is expected to", this is a very clever as if it doesn't mean they 'have' commenced driling.
If drilling has commenced it would have been rns'd but it hasn't, has it?
No news on the fact that drilling HAS commenced.
Always read what they say exactly as it is purposely worded to be vague and open to misinterpretation.
Wonder why you have suddenly started to ramp uru with old ueseless and out of date information, what's going on!
Jono44
Lower grade nickel project's like URU's are actually far more geared to a rising nickel price than higher grade nickel projects, as it is far more transformative for their economics.
And now that the initial Ukraine war panic is over, investors are waking up to the fact that nickel plays like URU are actually an ideal investment right now, as shown by today's recovery in the BRES (Blencowe Resources) s.p. after its recent falls.
Thanks to Gardenboy on ADVFN for these useful recent posts from a BRES thread:
gardenboy 22 Feb '22 - 13:01 - 250 of 303 0 4 0
""While current Class 1 nickel production is dominated by sulfides, the basic issue facing the industry is that large, high quality sulfide deposits are becoming increasingly difficult to find as the low hanging fruit has already been plucked in previous mining cycles. As such, roughly 73% of undeveloped nickel resources globally are now hosted within laterite deposits. New sulfide deposits will continue to be discovered in the years ahead, but not nearly at the pace necessary to keep up with battery-driven demand "
From theassay.com"
gardenboy 22 Feb '22 - 19:56 - 255 of 303 0 4 0
"The market has got this wrong for now. Nickel warehouse inventory is getting very low. There are forecasts of $50,000/t coming soon. There are so few globally significant nickel sulphide deposits around the world and sulphide is so much easier to process compared to laterite and sulphide easily makes the best battery grade material. If Blencowe can build up a decent JORC figure then the sky is the limit here."
https://uk.advfn.com/cmn/fbb/thread.php3?id=49007891&from=250
"Is it time for lower grade nickel sulphide projects to shine?
By: Matt Fernley
Posted on - 20 Dec 2021
This article first appeared in the November 2021 edition of Battery Materials Review.
The bidding war over Noront Resources and the flurry of nickel offtake agreements announced between automakers and nickel producers seems to suggest that EV and battery industry participants have (at last) woken up to the impending scarcity of class 1 nickel resources. As we discussed in November’s other BMR Focus article, we believe that ternary (high nickel) chemistries will remain vital in EV land for at least the next decade, probably longer, which means that the demand story for nickel will remain intact. With the bidding war for Noront continuing, we ask – what next for nickel?
We believe that it’s time for lower grade nickel sulphide projects, historically shunned by the market, to start to shine. ...
Economics of lower grade sulphide projects
Given that production focus in the world of nickel has always been on higher grade projects (Norilsk, Western Australia), many investors turn their noses up in the air at the thought of investing in a low grade, high tonnage deposit. But actually this view is rather blinkered, and to explain that let’s use the example of copper. ...
Small high grade or large low grade?
Well, it kind of depends what your preference is. Australian investors often get sniffy about lower grade deposits abroad, but the fact is that from a mining point of view it’s simpler and cheaper to mine a large tonnage open pit than it is a high grade, underground occurrence, particularly as those high grade mines get older and the operating areas move further away from the shaft or decline. ...
Environmental considerations to come to the fore
We’ve already seen a number of Majors flirt unsuccessfully with low grade, bulk tonnage laterite nickel projects. ...
So, for battery raw materials, I would suggest that investors look much more closely at lower grade nickel sulphide projects ..."
https://www.batterymaterialsreview.com/ourblogs/is-it-time-for-lower-grade-nickel-sulphide-projects-to-shine/
"Zeb Ni-PGE Project
The Zeb Nickel Project is a Class 1 Nickel sulfide project that contains over 3.9 million tons of nickel and is ranked 8th in the global top ten nickel sulfide resources by contained metal. The project is amenable to open cast mining with a relatively small environmental footprint."
https://zebnickel.com/
Nickel making another big jump up. business case must now be worth some big players getting involved soon
The copper thing still has potential IMO and as always good to correspond with you Troajan - your a true gent
castaway
cheers
and that romanian copper comp,turned out to be a bit of a nightmare
Looks like next stop for sp at 85p then, well we all know 0p is inevitably.
noob
one thing that common on every explo comp m8
they can be lying there,for years and years,before anone,decides to take them into production.
look at solg,10 years and still sat there
its the right mineral to be in though.,the ni price is up around 2/300% in the last 2 years,or something like that
https://www.mining.com/copper-nickel-prices-spike-as-europe-scrambles-for-metal/
hzm's opex cost was about $7k a ton,so at $25k,current price.it;ll make a lotta money,next year,when prod starts
:-) Still here just not posting much, I decided there was little point!
Anyway good to see your still at it - 82k posts - your defo a Trojan - respect!
castaway
blimey,where have you been hiding,for the last few years.lol.
The technical report is here - it's a huge asset - just needs someone to develop it
http://www.urumetals.com/investor-relations/market-news-and-research/independent-ni-43-101-technical-report-on-the-zebediela-nickel-sulphide-project
jono
ok cheers,production?
all depends on costs m8
noobz
lol..i didnt know this was still around till i saw you post on here.
at least its not in russia
further drops to come,over on those sanctioned comps,being offloaded,big time.
Capex is about $1bn
Wouldn't worry about opex as it will never be relevant.
Hedgehog100
Who's Jimmy.?
Anyway looks like you can't corroborate you previous comment on drlling because it hasn't happened has it.
noob
the resourse is huge,but the grade is very low,i think 0.50% nickel is the norm
but the size of the resourse,makes up for the low grade
obviously,the 10 year high in nickel prices,is a huge bonus.
no idea,what the opex costs are,on here,or if theres a feasabilty study,available
Jimmy,
Your wish is my command! -
"ZEB Nickel Corp
"Resources for the Clean Energy Revolution"
January 2022
... ADVANCED PROJECT WITH NICKEL RESOURCE
NI 43-101 compliant resource is ranked in the top ten Class 1 nickel sulphide resources globally1. Indicated Resources of 485.4 Mt at a grade of 0.25% Ni with additional Inferred Resources of 1,115 Mt at a grade of 0.25% Ni. ..."
http://zebnickel.com/wp-content/uploads/2022/02/220126-Zeb-Nickel-Company-Presentation.pdf
= c. 4 Mt nickel.
x current nickel price: US$25,438.50/tonne.
= An in situ nickel value of circa US$ 100 billion.
Also how do you know
"core samples showed some very good intersections with great mineralisation."
Where can I find this info?
Hedgehog100
How do you know they conducted 3600m of drilling in Q4 2021?
Jono,
Zen Nickel Corp. actually conducted a 3,600 metres phase one drilling programme in the final quarter of 2021, so the results should be imminent.
Apparently the drilling core samples showed some very good intersections with great mineralisation.
I admit that the communications from URU haven't been good in this respect, but this sort of thing can create a buying opportunity.