Exclusive KE Report Commentary – Wed 13 Dec, 2017

By Cory The Upcoming Vancouver Resource Investment Conference In January

Jay Martin, CEO of Cambridge House joins me to share some details on the upcoming Vancouver Resource Investment Conference. With the show already sold out for exhibitors there will be hundreds of companies to chat with. We also discuss some of the topics that will be presented on besides just resources.

Please email me with any thoughts on companies that are exhibiting and you would like me to chat with. Same goes for any of the speakers as well. Fleck@kereport.com

Click here to sign up for the show. If you sign up early it is free!

Download audio file (2017_12_13-Jay-Martin.mp3)

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Source:: The Korelin Economics Report

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Company Updates From Management – Wed 13 Dec, 2017

By Cory

Skeena Resources Update – In depth Discussion On The Recent Drill Results

Skeena Resources (TSX.V:SKE) recently issued assay results on current drilling at the Snip Gold Project. The first 17 holes all hit mineralization with a couple impressive grades. Ever since the Company acquired the Snip project there has been some good interest in the Company. Now that they are drilling and we are starting to see results I will be keeping up to date.

In this interview I am joined by the President and CEO Walter Coles Jr. to outline the recent drill results. Also take note of the model below to understand where the current results were from and where the upcoming results will be from.

Click here to read over the recent news release.

Click here for the recent interview.

Download audio file (2017_12_13-Walter-Coles-Jr-Skeena-Resources.mp3)

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Source:: The Korelin Economics Report

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Antofagasta has a new project in Canada

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By Valentina Ruiz Leotaud

A subsidiary of Chile-focused copper miner Antofagasta Plc. (LON:ANTO) signed an agreement with Canada’s Evrim Resources Corp. (TSX.V:EVM) to acquire a 70% interest in the latter’s Axe property, located in south-central British Columbia.

In a press release, the companies explained that Antofagasta can acquire a 70% interest in Axe by incurring $50 million in exploration expenditures, making cash payments of $800,000, and completing a National Instrument 43-101 compliant Preliminary Economic Analysis, over a ten year period.

Axe is a 50-square-kilometre land package within the Intermontane Belt in the southern portion of the Quesnellia Terrane. This gold-copper porphyry belt, which extends from the Canada/US border to north of Kamloops, hosts Newgold’s New Afton Mine, Teck’s Highland Valley Mine and Copper Mountain’s namesake mine. The southern Quesnel trough is composed of Triassic Nicola Volcanic Belt rocks and associated Jurassic to Cretaceous intrusions.

According to Evrim, the Axe project contains four known porphyry targets (West, Adit, Mid, and South) within a 5 kilometre by 3.5 kilometre hydrothermal footprint. The firm says that drilling by previous operators adjacent to the central cores of the West and South zones returned intersections such as 124.5 metres grading 0.35% copper and 0.22 grams per tonne gold in drill hole A07-08, including 10.5 metres grading 1.55% copper and 0.94 g/t gold at the West Zone.

The Vancouver-based explorer also states that recent work on the 1516 zone defined an unexplored copper, gold, molybdenum, bismuth and tungsten in soil anomaly immediately east of the Adit and Mid zones over a 1,000 metre by 500 metre area, and is associated with a quartz-sericite-pyrite altered gossan and coincident chargeability and conductivity high. The 1516 zone only has four holes on its eastern edge that were drilled between 1970 and 1982.

“Both Evrim and Antofagasta have completed an extensive data review with an approved $1 million drilling and exploration program in the spring of 2018,” Evrim’s CEO Paddy Nicol said in the media statement.

This agreement represents Evrim’s second such transaction with Antofagasta in British Columbia. A previous deal was signed last February and it allows the Chilean miner to acquire up to a 70% interest in the Ball Creek property, a large land package in the Golden Triangle that carries district scale exploration potential for gold-rich copper porphyry targets.

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Source:: Infomine

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Chris Temple from The National Investor – Wed 13 Dec, 2017

By Cory Don’t Trust The Market Reaction Following The Rate Hike

Chris Temple joins me to recap the Fed rate hike and Yellen’s press conference. The main focus is on the market reaction today especially in terms of the precious metals and treasuries.

Click here to visit Chris’s site for more valuable commentary.

Download audio file (2017_12_13-Chris-Temple.mp3)

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Source:: The Korelin Economics Report

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Company News – Wed 13 Dec, 2017

By Cory Comet Well Tenements Granted

Here is the recent news out of Novo Resource. I continue to hold shares in the Company and will be following up with Quinton regarding this news on the tenements being granted. By having these tenements Nov is able to move forward with exploration on the Comet Well project.

Please comment or email me with any questions you have for Quinton or I. I can be reached at Felck@kereport.com.

Click here to visit the Novo website for more information.

Here’s the news…

VANCOUVER, British Columbia, Dec. 13, 2017 — Novo Resources Corp. (“Novo” or the “Company”) (TSX-V:NVO); (OTCQX:NSRPF) is pleased to announce that tenements at Comet Well have been granted by the Department of Mines, Industry Regulation and Safety in Western Australia (“DMIRS”). Novo is now entitled to commence exploration work on the Comet Well Tenements directed at satisfying conditional farm-in rights Novo holds with respect to Comet Well. If those commitments are satisfied and other conditions under the Comet Well agreements are met, including seeking and obtaining consents as required under the Mining Act 1978, Novo will ultimately hold an 80% interest in the Comet Well tenements via two joint ventures. Novo will work diligently to satisfy those conditions and will report to the market as those conditions are satisfied. As previously announced, Novo has already obtained TSX Venture Exchange approval, required clearances under the Foreign Acquisitions and Takeovers Act 1975, and a heritage agreement covering the Comet Well project has been signed with Ngarluma Aboriginal Corporation. Novo expects to commence field exploration at Comet Well as soon as Programmes of Work are approved by DMIRS.

“Now that these tenements have been granted and subject to the approval of our proposed Programmes of Work, we can aggressively begin to explore the Comet Well project which we believe contains a continuation of prospective mineralization along strike from Purdy’s Reward,” commented Dr. Quinton Hennigh, Chairman, President and a director of Novo Resources Corp. “We look forward to providing updates as exploration progresses on the Comet Well project.”

About Novo Resources Corp.
Novo’s focus is to explore and develop gold projects in the Pilbara region of Western Australia, and Novo has built up a significant land package covering approximately 12,000 sq km. Novo also controls a 100% interest in approximately 2 sq km covering much of the Tuscarora Au-Ag vein district, Nevada. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com.

Forward-looking information
Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, the statement as to the expected receipt of regulatory approval. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, the receipt of TSX Venture Exchange approval.

Neither TSX Venture Exchange nor its Regulation Services Provider (as …read more

Source:: The Korelin Economics Report

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Cory’s Insights – Wed 13 Dec, 2017

By Cory

Join Me On Thursday At A Toy Drive Event

I have attended the annual toy drive hosted by a number of junior mining for years. It is a great event to say hi and catch up with a wide range of people from the resource sector. Everyone is welcome so if you are in downtown Vancouver tomorrow afternoon/evening I would love to see you there! The invite is below.

Feel free to email me if you are going and would like to chat. It can get busy and is a great casual event. Remember to bring a toy for the kids! My go toys are sports equipment!

Here’s the invite…

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Source:: The Korelin Economics Report

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World Bank to stop funding oil and gas projects

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By Valentina Ruiz Leotaud

The President for the World Bank, Jim Yong Kim, said Tuesday the institution will stop all lending for oil and gas projects after 2019, with the exception of certain gas projects in the poorest countries facing exceptional circumstances.

Even though in 2013 the bank announced it would stop financing coal-fired generation projects, oil and gas investments still account for about 2% of its $280-billion asset base.

“We’re determined to work with all of you to put the right policies in place, get market forces moving in the right direction, put the money on the table, and accelerate action,” Kim said in a speech delivered in Paris. “That’s the only way we can meet the commitments we made two years ago, and finally begin to win the battle against climate change.”

The head of the World Bank is attending, together with dozens of government and industry leaders from different countries, an international climate summit being hosted by French President Emmanuel Macron. The meeting marks the second anniversary of the signing of the Paris Agreement on Climate Change.

Kim also explained that his organization is on track to meet its target of 28% of its lending going to climate action by 2020, as well as the goals of its Climate Change Action Plan – developed following the Paris Agreement.

According to the exec, starting next year, the World Bank will begin reporting greenhouse gas emissions from the investment projects it finances in key emissions-producing sectors, such as energy. It will also be applying a shadow price on carbon in the economic analysis of all IBRD/IDA projects in key high-emitting sectors.

Kim said that bolder announcements surrounding the Washington-based development bank’s path towards a greener future will be made at the 24th Conference of Parties, which will take place in Poland in 2018.

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Source:: Infomine

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World’s third-largest insurer to divest from oil sands and pipelines

By analyst

By Valentina Ruiz Leotaud

AXA SA, the third-largest insurer in the world, announced today that it will divest about $822 million from the main oil sands producers and associated pipelines, and will stop further investments in these businesses. The move could affect companies such as TransCanada, Enbridge and Kinder Morgan.

In a media statement, the French giant said its decision is based on the fact that oil sands are an extremely carbon-intensive form of energy and a serious cause of environmental pollution.

AXA also said that even though a couple of years ago it decided to divest close to $587 million from the coal industry by targeting companies which derive over 50% of their revenues from coal, its executive team now wants to increase its divestment fivefold to reach $2.8 billion. The plan is to divest from companies which derive more than 30% of their revenues from coal, have a coal-based energy mix that exceeds 30%, actively build new coal plants, or produce more than 20 million tonnes of coal per year. It will also stop insuring any new coal construction projects.

“We are willing to make all efforts to help mitigate climate change. Unsustainable business will become un-investable and uninsurable business,” CEO Thomas Buberls said in the release. “We are proud to have taken these decisions and to have inspired other actors. Today, in the spirit of the Paris Agreement, we want to accelerate our commitment and confirm our leadership in the fight against global warming,” he added.

AXA is the fourth French financial group stepping up its green game this December. Yesterday, Natixis sent out a communiqué stating that it will no longer finance “oil extracted from tar sands or companies whose business primarily relies on exploiting oil extracted from tar sands.” Last week, Société Générale made a similar announcement, while Credit Agricole said it will exclude from its portfolio “the worst-performing and most dangerous hydrocarbons,” meaning all extra heavy oil projects “in particular, all oil sands projects.”

The quartet of companies also raised funding commitments for renewable energy projects.

In reaction to these announcements, Patrick Bonin, Climate and Energy Campaigner with Greenpeace Canada, said that AXA’s decision is “proof that the domino effect of divestment from tar sands and pipelines has gained critical momentum.”

According to Bonin, the World Bank’s decision to exit from upstream oil and gas sent “a damning vote of non-confidence rippling through the finance community.”

World Bank president Jim Yong Kim made such announcement at an international climate summit being hosted by French President Emmanuel Macron to mark the second anniversary of the signing of the United Nations Paris Agreement on Climate Change, in which countries committed to limit the rise in global average temperatures to less than 2 degrees C.

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Source:: Infomine

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This is how much copper, nickel, cobalt an electric vehicle world needs

By analyst

This is how much copper, nickel, cobalt an electric vehicle world needs

By Frik Els

Cobalt briquettes, Nikkelverk, Norway. Image: Glencore

Glencore’s investor day on Tuesday painted a positive picture not just of the Swiss miner and commodities trader’s business but also had good news for the mining industry as a whole.

Glencore commissioned CRU to measure the impact the global shift away from internal combustion engines to an electric vehicle market would have on metal markets.

The London-based research company modelled metal requirements across the supply chain – from generation and grid infrastructure through to storage, charging and vehicles – based on relatively modest penetration of EVs in the total global vehicle market out to 2030.

According to the study as early as 2020, when EVs would still make up only 2% of new vehicle sales, related metal demand already becomes significant, requiring an additional 390,000 tonnes of copper, 85,000 tonnes of nickel and 24,000 tonnes of cobalt.
As early as 2020, when electric vehicles would still make up only 2% of new vehicle sales, related metal demand already becomes significant
Based on an EV market share of less than 32% in 2030, forecast metal requirements are roughly 4.1m tonnes of additional copper (18% of 2016 supply). The move away from gasoline and diesel-powered vehicles would need 56% more nickel production or 1.1m tonnes compared to 2016 and 314,000 tonnes of cobalt, a fourfold increase from 2016 supply.

Glencore said the company will double its cobalt output to 63,000 tonnes by 2020, mostly as a result of restarting its Katanga mine in the Congo. Katanga would also lift copper production to over 1.6m tonnes by then from 1.3m tonnes in 2017. Glencore is growing nickel production by more than 20% to 142,000 tonnes over the same time frame.

Source: Glencore

The glaring omission from the graph is lithium, the basis for almost all vehicle batteries, but Glencore CEO Ivan Glasenberg told the media he had “zero interest” in lithium:

Although the market is currently strong, predicting future price levels is difficult as lithium is abundant and many new projects are under way.

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Source:: Infomine

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