Post by
trader53 on Sep 06, 2024 1:20am
The LCT factor.
You are so right the market is missing the fact that Case Lake could very well become the lowest cost battery metal mine in North America for two reasons. Firstly, the majority of the reserves are very near surface and secondly every ton of rock dug up will yield three payable minerals. Although PWM has not talked about production their actions support that they are indeed derisking a production decision. A. The Company initiated their second archaeological study and will shortly commence surface water sampling programs at Case Lake in collaboration with Apitipi Anicinapek Nation in the region. The second archeological study is part of our ongoing commitment to working with the First Nation community to identify any areas of significance prior to exploration or disturbance being conducted. B) The Company has also engaged a Timmins, ON based environmental consultancy company to facilitate a two-day training program with members of the Apitipi Anicinapek Nation who will conduct bi-annual water sampling at Case Lake as part of baseline studies. C) Pioneer Exploration Consultants of Ottawa completed the previously announced high-resolution drone-based magnetic survey at Case Lake. A total of 944 km was completed with the low-level, high-resolution magnetic data that was collected at 25-meter line spacing. The survey covered high-priority target areas that occur on the main Case Lake mineralization corridor that extends from Dome Nine in the East to West Joe in the West. D) Add to this metallurgy and structural studies and you have to know these actions are all related to derisking a production decision. Hopefully we will see an MRE by year end and the fact that PWM are saying that the mineralized corridor does run from Dome Nine to West Joe we are talking a 10 kilometer strike length which supports the potential for huge tonnage. GLTA