Weekly Nugget

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Reserve your spot at PDAC's hottest party, and dig into the latest mining industry news and social trends in this weeks Nugget!

🔥  What's New 

🚨 TODAY: Virtual Live Chat With Ernest Scheyder 🚨


Join us LIVE to discuss his new book that is “rocking” the mining industry, “The War Below!" We'll be discussing his experiences revealing the high-stakes global battle for the critical minerals powering our lives. You'll get unique insights from this renowned journalist who traveled to mining hotspots worldwide and interviewed key players for the book.

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Are You Preparing For PDAC 2024? Make It Your Best One Yet!

Join the Prospector team in our annual Prepare for PDAC webinar where we will go over our best tips and tricks to make the most of your time at this whirlwind conference!

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🎧 On The Rocks


📰 In The News

Canada To Accelerate Critical Mineral Mining

Canada aims to enhance its energy security by significantly shortening the development timeline for new critical mineral mines from 12-15 years to approximately five years, as part of its strategy to reduce reliance on foreign critical minerals essential for electric vehicles and wind turbines. Energy Minister Jonathan Wilkinson highlighted the initiative to streamline regulatory and permitting processes, including simultaneous federal and provincial permitting and environmental assessments, to expedite projects. Despite needing to import cobalt due to limited domestic resources, Canada is introducing investment tax credits for mining and processing projects, funding for essential infrastructure, and billions in investments for battery factory projects. Additionally, a loan guarantee program will support indigenous community participation in mining projects, ensuring environmental standards are maintained in the push for a faster development of critical minerals like lithium, graphite, nickel, cobalt, copper, and rare earth elements.

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Strong Metals And Mining M&A Activity To Continue Over 2024

In 2023, the metals and mining industry experienced a significant rise in mergers and acquisitions (M&A) activity, driven by the global energy transition, with Fitch Solutions predicting this trend will persist into 2024 due to surging demand for critical minerals and the looming risk of supply deficits. This has prompted mining companies to increasingly incorporate critical mineral projects into their portfolios. Notably, M&A activity, which began to increase in 2020, reached a peak in 2023 with high-value deals, including BHP's acquisition of OZ Minerals and Rio Tinto's takeover of Turquoise Hill Resources, emphasizing the industry's focus on copper and the formation of Arcadium Lithium through the Livent and Allkem merger to meet the growing demand for green metals. Gold also remains a significant focus, with major transactions such as Newmont's acquisition of Newcrest Mining marking the largest deal in the gold sector's history.

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Time Crunch Of Finding Treasure: Can We Speed Up Mineral Exploration?

Navigating the complex world of mineral exploration presents a significant challenge, with the journey from discovery to extraction often spanning 6-8 years. This lengthy process, exacerbated by the intricate steps of surveying, drilling, environmental assessments, and navigating complex permitting processes, frequently lags behind market demands, leading to missed opportunities. Despite these hurdles, optimism abounds with the advent of artificial intelligence (AI) and machine learning innovations aimed at expediting exploration. Indian geologists, for instance, are harnessing AI to efficiently analyze data and pinpoint potential deposits, thereby aiming to reduce discovery times.

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Nickel To Be Placed On Critical Minerals List, Giving WA Miners Access To $4B

Federal Resources Minister Madeline King announced plans to add nickel to Australia's critical minerals list following BHP's consideration to mothball its Nickel West division, a move potentially impacting thousands of jobs. This inclusion allows nickel miners to apply for access to a $4 billion fund, aimed at supporting the industry amid falling prices and job losses. King emphasized the serious implications for the nickel industry, highlighting the difficulty of restarting operations once halted. The decision to prioritize nickel reflects the government's effort to stabilize the sector, attract international investment, and maintain the industry's value-addition potential despite criticisms regarding the effectiveness of such financial interventions.

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⚒️ Mining Data Digest Snapshot

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Revel Ridge Project

Company: Rokmaster Resources Corp.

Geography: Canada

Minerals: Gold, Siver, Lead, Zinc

Date: 02/12/2024

View On Prospector


The Revel Ridge Project, overseen by Rokmaster Resources Corp., involves a preliminary economic assessment for two polymetallic deposits within the Selkirk Mountains' Kootenay Arc. The 2023 mineral resource estimate indicates significant potential, with 1.53 million gold equivalent ounces in measured and indicated categories, and 1.49 million ounces in inferred resources, across various zones of interest including gold, silver, lead, and zinc. Utilizing Longhole Open Stoping for underground extraction, the project outlines a thirteen-year life with an average mill feed rate of 2,920 tonnes per day.

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📱 Trending On Social

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❓Prospector Poll

What Prospector resources are you most likely to use at PDAC?

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Last Week's Results

We will be LIVE with Ernest Scheyder next week discussing his book, “The War Below”. We want to know - are some places too special to mine, and if so, how do you determine which places should be left alone?

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