$EDV @EndeavourMining Q1 Results beats on all numbers

Beat across all metrics driven by production beats at Boungou, Mana and Houndé, and AISC beats at Boungou, Ity and Mana

 

FY-2021 #Gold production guidance of 1,365-1,495koz at AISC of $850-900/oz  

Through its control of #Cobalt & #BatteryMetals, @Glencore warns of future China dominance in #EV's. $GLEN.L

What happens [when] the Chinese say we are not going to export batteries, we are going to export electric vehicles. Where are the batteries going to come from? 

The car industry in the US and Europe risks being left behind by their Chinese rivals unless they secure supplies of cobalt, according to the world's biggest producer of the key battery metal.

Glencore chief executive Ivan Glasenberg told the FT Future of the Car Summit on Wednesday that western carmakers would be naive to think they could always rely on China to supply the batteries for electric vehicle fleets.

Glasenberg said Chinese companies had been quick to realise the vulnerability of their supply chains and "tied up" lots of cobalt from the Democratic Republic of Congo.

Chinese companies already control about 40 per cent of the DRC's output and have also signed long-term supply agreements with Glencore, the only major western miner operating in the country.

China has also built a dominant position in cobalt processing and is investing directly in mines. Earlier this year CATL, the Chinese battery group that has a market value of $130bn, paid $137m for a 25 per stake in China Molybdenum's Kisanfu copper-cobalt mine.

Glasenberg said Glencore would consider selling a stake in one of its DRC mines to a western carmaker, although it had not received any approaches.

Glencore is expected to produce about 35,000 tonnes of cobalt this year, a figure that could increase by 25,000 to 30,000 if the company decides to develop a new ore body at Mutanda, a mothballed mine in the DRC. "I think that will come on stream in the next 18 months," said Glasenberg.

See the whole article on the FT here: https://www.ft.com/content/0ee4a6cb-9dbe-4fee-84d0-3f48f3190935?desktop=true&segmentId=d8d3e364-5197-20eb-17cf-2437841d178a#myft:notification:instant-email:content

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MasterMetals

@MasterMetals

Introducing @CerradoGold $CERT.v The New Kid in #Mining

 

Cerrado Gold, an emerging mid tier Gold miner in Latin America, owns Minera Don Nicolas, located in Santa Cruz, Argentina, a newly producing high-grade gold mine with significant optimization, expansion, and exploration potential. 

In Brazil, the Company is focused on expanding the resource base at its prolific, high-grade Monte do Carmo gold project in Tocantins State.

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The company completed its Phase 1 Drill Program in Brazil

CERRADO GOLD (TSX.V:CERT) REPORTS SUCCESSFUL COMPLETION OF ITS PHASE I DRILL PROGRAM AT ITS MONTE DO CARMO PROJECT IN BRAZIL

Results of the Drill Program expected to support original target of 1.2 – 1.6 million ounces at the Serra Alta Deposit. 

New Mineral Resource Estimate targeted for late June and new Preliminary Economic Assessment for end of July. 

TORONTO, ONTARIO - Cerrado Gold Inc. ("Cerrado" or the "Company") is pleased to announce that is has completed its Phase I Drill program of exploration and infill definition drilling at the Serra Alta deposit, at its Monte do Carmo ("MDC") Project located in Tocantins State, Brazil. The final drill program saw 55 holes completed totaling 18,998 metres. The additional metres drilled, relative to the original targeted metres, were drilled to ensure Cerrado hit disclosed targets of upgrading and expanding the Company's maiden mineral resource estimate.

Drill Program Highlights:

55 Holes totaling 18,998 metres at Serra Alta

— 34 (62%) out of the 55 holes have intersected visible gold (VG)

— 16 holes with complete assays and have been reported.

— 8 holes have partial results, 2 of which have partial results reported, remainder 31 holes are pending results.

You can see an interactive tour of the Monte do Carmo property here: https://bit.ly/2QOntZi