MCR - Mincor Resources

divs4ever · 5 December 2021

i am told the nickel is important in high voltage wiring , so maybe the battery is not the major deployment ( also there MIGHT be a move to corrosion-resistant steel , which might impact zinc demand )

now in the 1960's/1970's nickel prices rocketed on war concerns ( but does that apply today )

also often neglected was Indonesia's move to export pig-nickel stock to value add with iron and nickel sales

Sean K · 5 December 2021

Ann said:
I am wondering how much of nickel's recent rise has been due to the perception of high demand for batteries. It appears nickel and cobalt may not have a very large part to play with batteries going forward. How soon the new technologies can be established may have a lasting effect on those metals prices, particularly when the new materials are a tiny fraction of the cost of these current metals, just a thought.

"New Lithium Battery Design Eliminates Costly Cobalt and Nickel"

New Lithium Battery Design Eliminates Costly Cobalt and Nickel

A new cathode and electrolyte are the key to doing away with these increasingly scarce metals in lithium batteries.

www.machinedesign.com

Yeah, I posed that question somewhere else in regard to Tesla switching to LFP batteries. I am a bit concerned that demand for Co and Ni may be effected. There are still other reports saying there will still be a supply issue, but doesn't tackle the planned switch by Tesla directly.

divs4ever · 5 December 2021

i was looking at battery tech , more as static energy storage ( off-grid households , business-power back-ups , etc etc )

i see a move in EV storage to electrolytes in flexible sachets that might be a pivotal direction , there was also the 'spray-on' battery tech ( even though it appears to be more of a capacitor storage type , and one might ask how long can that tech store the charge )

i think the EV tech is not settled yet

Miner · 5 December 2021

divs4ever said:
i am told the nickel is important in high voltage wiring , so maybe the battery is not the major deployment ( also there MIGHT be a move to corrosion-resistant steel , which might impact zinc demand )

now in the 1960's/1970's nickel prices rocketed on war concerns ( but does that apply today )

also often neglected was Indonesia's move to export pig-nickel stock to value add with iron and nickel sales

I have seen only copper and aluminium being used for all HV

divs4ever · 5 December 2021

well i have a 'copper collection' and i sometimes recover some metal that is silverish in colour but does not seem to be copper nor aluminum but often used in wiring ( as opposed to mechanical cables )

Jim Rogers: Next bear market will be 'the worst in my lifetime' — here are three keys to survive

Jim Rogers: Next bear market will be 'the worst in my lifetime' — here are three keys to survive it

The multimillionaire investor knows a thing or two about making money in turbulent

financialpost.com

now i am making assumptions based on appearance and lack of corrosion ( or rust ) and hardness , but a nickel alloy fits in with the possibilities ( palladium, platinum , and a few others ) would be too expensive for the application

PS the aluminum alloys recovered are not discarded either

cheers

Austwide · 5 December 2021

Zinc Bromide aka ZnBr2

Gelion’s breakthrough non-flow zinc-bromide battery
targets the growing stationary energy storage market.

The battery delivers a safe, cost-effective, long-life
alternative to lithium-ion and lead acid battery
technologies. It can be discharged daily to 0% and works
in temperatures of up to 50°C.

Gelion’s new battery doesn't seem to need nickel but not suitable for cars.

divs4ever · 5 December 2021

Austwide said:
Zinc Bromide aka ZnBr2
Gelion’s breakthrough non-flow zinc-bromide battery
targets the growing stationary energy storage market.

The battery delivers a safe, cost-effective, long-life
alternative to lithium-ion and lead acid battery
technologies. It can be discharged daily to 0% and works
in temperatures of up to 50°C.

Gelion’s new battery doesn't seem to need nickel but not suitable for cars.

yes at a quick glance i would wonder how the battery would go in a fiery vehicle crash , but stationary and some sort of heat/cold protection ( far from impossible in say computer server rooms , which have emergency power back-ups )

wider acceptance might need a better temperature tolerance ( say homes with sizzling temperatures or periods of snow )

but could easily take some pressure off lithium demand ( which i think is a good thing )

Dona Ferentes · 5 December 2021

The stock is trading at $1.20 for a market cap of $581m ahead of a de-risking event this month – the confirmation of first ore being produced from the restart of its Durkin North and Long North mines at Kambalda.

First ore from the Northern operations, as the pair are bracketed, is set to be followed by first ore from the new Cassini deposit early in the new year.

The ore from the operations will get sent off to BHP’s Kambalda concentrator for processing, putting Mincor on track to achieve first concentrate sales in the June quarter next year on its way to becoming a 16,000 tonne-a-year nickel (in concentrates) producer.

As progress in the ramp-up of production is a risk around any project, the expected confirmation in coming days of first ore from the Northern operations will stand as a key de-risking event for the stock.

Macquarie has a $1.40 price target on the stock, saying that apart from the upside from its nickel price assumptions being below spot prices, exploration drilling success across Mincor’s Kambalda portfolio continues to provide further upside potential to its base case assumptions.

- Garampeiro on Stockhead

Miner · 5 December 2021

divs4ever said:
well i have a 'copper collection' and i sometimes recover some metal that is silverish in colour but does not seem to be copper nor aluminum but often used in wiring ( as opposed to mechanical cables )

Jim Rogers: Next bear market will be 'the worst in my lifetime' — here are three keys to survive

Jim Rogers: Next bear market will be 'the worst in my lifetime' — here are three keys to survive it

The multimillionaire investor knows a thing or two about making money in turbulent

financialpost.com

now i am making assumptions based on appearance and lack of corrosion ( or rust ) and hardness , but a nickel alloy fits in with the possibilities ( palladium, platinum , and a few others ) would be too expensive for the application

PS the aluminum alloys recovered are not discarded either

cheers

this is not MCR-related but more on Jim Rogers's predictions.
Jim Rogers and Gowdie
I have honestly lost faith. They have been crying wolf coming for a few years knowing the cycle one day will prove them right.
Jim Rogers, a strong Trump Supporter. There is nothing wrong to support a politician but what he uttered against Biden during the election phase, is highly disrespectful and finally, Jim was wrong.
Personally, I have no respect for both the guys even if got a few books on my shelf written by Van Goowdie and Jim Rogers.
It is probably distinctly written on the wall that market crash is coming but once again Jim and Van have been saying for a few years without giving a time frame - just visit Youtube interviews (ironically always taken by very young female journalists (sponsored advert?)) and verbose marketing from Porter Publishing and Fat tail Media.

divs4ever · 5 December 2021

i have been waiting ( and adding my idea of 'safe-havens ' ) for the genuine crash since mid 2013

and am a believer in the Austrian School of Economics , so have been disappointed for a long time , but i can see MMT being applied badly ( i can see how it MIGHT work , but folks are just spending money anywhere ) so haven't given up on a confidence-shattering crash some time in the future ( but will it happen in MY lifetime ? )

but the weakness in the currency buying power ( the classic meaning of inflation ) is still a potentially good thing for commodities ( unless the state institutes slave labour to mine the resources )

i guess time will tell on my nickel miners ( MCR , PAN and WSA ) but the future could look much better than currently

a WSA take-over would probably crystallize a loss for me

by my estimates the mining sector ( except maybe gold ) should be in a consolidation phase but some commodities LOOK like they are in a super-cycle

please be very careful

sptrawler · 6 December 2021

The lithium iron polymer batteries have been coming for quite some time and no doubt will be popular in developing lower cost, lower performance cars.
That is no different than what happens at the moment, the end result will still be driven by demand, as it is in the ICE market.
Not everyone drives a $14,000 Mitsubishi Mirage, or a $45,000 MG ZSE.
Tesla is gong to make two levels of their vehicle, a standard range, standard performance one and a long range high performance one.
If it turns out that everyone is happy with 250_300klm range, nickel will again be a boom and bust commodity, however the last nickel boom around 2010 wasnt driven by EV's.
So maybe the price rise is actually driven by a demand, that doesnt only revolve around EVs?
I personally see the improvement in LiFe polymer batteries being more of a threat to flow batteries, I know someone is is currently going of grid and has decided on LiFe over flow, due to the cost difference.

divs4ever · 6 December 2021

well many households don't drive ( at least one vehicle ) more than 300 kms a week ( most weeks a year )

a confounding factor will be 'work from home ' will that stay for some or will the previous routines return , if the bread-winner isn't sitting in traffic for an hour a day distance traveled per vehicle might drop on average

( and for those long trips maybe hiring a vehicle will be cheaper for those trips )

Sean K · 6 December 2021

sptrawler said:
the last nickel boom around 2010 wasnt driven by EV's.
So maybe the price rise is actually driven by a demand, that doesnt only revolve around EVs?

Any idea what that boom was about? Supply / demand I'm sure but just a cyclical thing where there had been limited exploration/discovery and new mines didn't come on to keep up? With BHP and Twiggy fighting over a Ni mine I guess there's something longer term in Ni being an important commodity. I think the US put it on a critical minerals list this year also.

sptrawler · 6 December 2021

Sean K said:
Any idea what that boom was about? Supply / demand I'm sure but just a cyclical thing where there had been limited exploration/discovery and new mines didn't come on to keep up? With BHP and Twiggy fighting over a Ni mine I guess there's something longer term in Ni being an important commodity. I think the US put it on a critical minerals list this year also.

It is a ciclical think, the last boom was from the Chinese building all those ghost cities, there was a large increase in the call for stainless steel, there are a couple of ways of getting nickel, one is pig nickel which is what Indonesia produces, or nickel sulphate which is the major one in Aus.
With the demand for EVs increasing, most think there will be a greater demand for high purity nickel, which is the sulphate we produce.
The blade technology Lithium iron batteries are becoming popular, the only downside they have is energy density, so as happens now will probably continue if someone wants a Kingswood it will be LiFe battery if they chose the Caprice it will be Li ion battery.
With the current World stimulus and lockdown savings slushing around, the building industries will be putting more demand on stainless steel I would think , so it will be interesting to see which way the batteries go, my guess there will be demand for both chemistries.

divs4ever · 15 December 2021

FIRST DEVELOPMENT ORE INTERSECTED EARLY AT NORTHERN OPERATIONS
Historic milestone marks a key step towards nickel production with first ore encountered at
Durkin North ~36m before the target, potentially representing a new ore surface
• First nickel ore extracted from two development headings at the Northern Operations at Kambalda, to be
stockpiled prior to processing at the Kambalda Nickel Concentrator next year
• Historic day for Mincor marks another key achievement in the Company’s nickel restart plans
• High-grade development ore encountered in development heading approximately 36m before the target
zone on the 485 level at Durkin North, potentially representing a new high-grade ore surface located
outside the current mine plan
• Excellent nickel grades, with the development face estimated to average 3.8% Ni, which includes highgrade massive sulphides of up to 11.5% Ni
• Highlights the opportunity for additional nickel tonnes in these new, unmined areas at Kambalda
• First ore also intersected ahead of schedule in a second development heading in the target zone (510 level)
Mincor Resources NL (ASX: MCR, “Mincor” or the “Company”) is pleased to advise that it has achieved a major
milestone as it closes-in on the restart of nickel production in Kambalda, with development ore intersected
ahead of schedule in two development headings at the Northern Operations (Durkin North).
First development ore and potential new ore surface (485 level)
Significantly, high-grade development ore was intersected in the development heading on the 485 level at
Durkin North approximately 36 metres ahead of the modelled first ore contact, with face sampling confirming
high-grade massive sulphides (face sampling returned grades of up to 11.5% Ni).

Figure 1: Side Wall – 485 Access Drive Figure 2: Ore sample – 485 Access Drive
2
Development will continue through this newly identified zone and advance towards the targeted ore contact,
the D1 ore surface, which is scheduled to be intersected later this month.
Mincor believes that this potential new ore surface is related to the historical 1252 Embayment – a sparsely
drilled structure with known extensions through to the Otter Juan orebody, which historically hosted the
significant “52 Orebody”. Previous drilling of the 1252 structure was focussed on the flatter portions of the
embayment, and it was not drill tested over the entire projected extent.
Historic diamond drilling has been sub-parallel to where this new ore zone is now projected, meaning that this
new zone may be open to the west, east and down-plunge.
The Otter Juan mine is Kambalda’s oldest mine and by far its largest single producer, with operations dating back
to 1970.
Mincor is currently reviewing this latest information to assess the opportunity for follow-up drilling to test the
extent and continuity of this potential new ore surface.
Importantly, this high grade mineralisation is located outside the current mine plan and highlights the
opportunity to identify additional nickel in previously unmined areas at Kambalda.
Second development heading (510 level)
The operations team has also confirmed first development ore ahead of schedule in the target zone at the 510
level access at Durkin North. At the time of the publishing this announcement only small samples had been
analysed (which confirmed massive and matrix nickel sulphides) with a limited amount of ore extracted on the
first contact. Visual mapping and analysis is ongoing.
Outside of today’s announcement, extraction of development ore from Durkin North will now form part of
routine quarterly reports, with the December 2021 report due in late January 2022.
Management Comment
Mincor’s Managing Director, David Southam, said: “Mining the first development ore at our Northern Operations
is a fantastic milestone for Mincor and all of our stakeholders, and marks another key historic step in our journey
towards the resumption of nickel production in the first half of next year.
“Even more encouraging is the fact that our Kambalda operations continue to present opportunities for
potentially exciting new discoveries – as evidenced by an interpreted new high-grade ore surface in the 485 level
access within the Durkin North orebody, which has never been mined previously.
“Almost within 24 hours of that exciting development, our Operations Team has also intersected development
ore ahead of schedule at the 510 access level of Durkin North, exactly within the targeted ore zone.
“These are great early achievements for our team as we close-in on first nickel concentrate production in the
June 2022 quarter. With the nickel price currently well above the assumed price in the DFS and the outlook for
the entire nickel sector remaining extremely strong over the next few years, this is a fantastic time for us to be
resuming production in one of the world’s greatest nickel provinces.

courtesy of Bell Direct
==========================================================================================

DYOR

i hold MCR ('free-carried' )

sptrawler · 21 December 2021

My pick in the 2022 comp, on track to begin supplying BHP with nickel supply, as long as demand and price holds up, MCR should see major gains IMO.

frugal.rock · 21 December 2021