Alaska Energy Metals (Ticker: AEMC.v or AKEMF for US investors) CEO Greg Beischer recently participated in a live interview at Red Cloud's Fall Mining Showcase highlighting his extensive background in Alaska, having explored the area 30 years ago during his time with INCO, the world's largest nickel mining company at the time.
Recent Assays
The focus of the interview was on recent assay results from AEMC's Nikolai project. Beischer explained that the drilling confirmed the presence of disseminated nickel-copper sulfides, which, while not economically viable at the time of initial exploration, could now be valuable in today's high-demand metal market. AEMC drilled eight holes on 300-meter centers to outline the first resource on the project.
Multi-Metal Potential
Beischer emphasized the multi-metal potential of the project, with indications of copper, cobalt, palladium, platinum, and gold in addition to nickel. While these accessory metals contribute to the overall value, nickel remains the primary focus. Beischer hinted at the possibility of an emerging base metals district but stressed the significance of the substantial nickel deposit.
Resource Estimate
The CEO discussed the acceleration of the publication of AEMC's resource estimate. While initial estimates suggested March for complete assay results, Beischer revealed that the company had acquired a historical dataset during the summer, allowing for the calculation of an inferred-level resource in two different areas, a few kilometers apart. The imminent news of these resources could indicate a much larger deposit.
Looking Forward
Regarding market sentiment, Beischer acknowledged the challenging market conditions but expressed optimism. He mentioned that investors are beginning to recognize the significance of AEMC's story, especially in the context of developing domestic metal sources for the United States. The project's strategic importance, being a potential domestic source of nickel in a country that imports 100% of its nickel, could position AEMC favorably in the transition to increased reliance on electrical energy.
In conclusion, Beischer sees considerable potential ("blue sky") for Alaska Energy Metals, anticipating that the stock will eventually catch up to industry peers. The interview concluded with a discussion about the importance of developing domestic metal sources for the United States, particularly in the context of increasing vulnerability due to reliance on imported nickel.
Full interview here:
Posted on behalf of Alaska Energy Metals Corp.