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Newsletter 07 /2019

This newsletter contains news on the following topics:
Share of the Week: Saturn Oil & Gas + 2020 becomes the turning point for battery metals; with Copper Mountain Mining, DelRey Metals, First Cobalt, Millennial Lithium + RavenQuest BioMed + Aurania Resources + First Cobalt + TerraX Minerals + Sibanye-Stillwater + EnWave + Caledonia Mining + Treasury Metals

New precious metal report online: Precious Metal Report 2019 + Updates + Additional Stocks
New Battery Metals Report online: Battery Metals Report 2019 - Update
New uranium report online: Uranium Report 2019 - Update
Videos ZURI INVEST Night 2019:
Cardinal Resources: Working Towards Bankable Feasibility Study - To Be Released In Q3 2019
Argonaut Gold: Increasing Production Up To 500k Oz Gold Per Year


Share of the week: Saturn Oil & Gas
Saturn Oil & Gas Reports Strong First Quarter

Saturn Oil & Gas recently announced its financial and operating results for the three months ended March 31, 2019. A record production volume of 806 barrels of oil per day (Bbls/d) was achieved, representing an increase of 318% compared with the same period in 2018 and an increase of 53% compared with the previous quarter; the maximum production in this period was more than 1,400 Bbls/d. Furthermore, a solid operating netback of $49.25 per barrel was achieved. This represents an increase of 232% from $14.82 in the fourth quarter of 2018 due to higher prices achieved and a 16% increase from the first quarter of 2018 primarily due to lower participation fees per barrel of oil. Revenues of $4.6 million were 319% higher or $3.5 million higher than in the first quarter of 2018, an increase directly related to the successful drilling program and production growth over the past 12 months.
If this continues, the company could even earn up to CA$ 0.05 per share in 2019 and up to CA$ 0.10 per share in 2020. And that at a current share price of about 0.15 CA$!

Interested investors will be able to receive all company news at the following link: Saturn News

Market overview:

2020 to be a turning point for battery metals

In the EU, hybrid vehicles in particular are still the most popular alternative drive vehicles, but the number of electric vehicles is rising sharply. According to Eurostat, the EU statistics authority, around two million such vehicles were on the road in 2017, eight times more than in 2013. Most of them were driven in Sweden (2.4 percent), Poland (1.9 percent) and Great Britain (1.5 percent). Among the 24 EU countries, Germany lies in the last third with just 0.1 percent.
According to McKinsey, a management and strategy consultancy, some 133 new electric models will be launched in 2019. Tesla should serve as a model, because the Tesla model 3 is quite successful. In addition, 2019 will bring various subsidies for electric cars, in some cases at least until the middle of the year.
The number of charging stations is also increasing, and the ranges are becoming longer and longer. By the way, the Tesla was the best-selling car in Switzerland in March. Today it is not easy for diesel drivers, perhaps in a few years it will also be petrol engines that are the subject of criticism.
This development requires raw materials such as lithium, cobalt, nickel, aluminum, manganese and graphite for corresponding lithium-ion batteries and vanadium for vanadium redox batteries, which are particularly good energy storage devices for decentralized power supply. A huge amount of copper cables will be needed for the lines.
Interested investors should take a look at the shares of Copper Mountain Mining, DelRey Metals, First Cobalt or Millennial Lithium.


Company news:

RavenQuest BioMed receives license to sell cannabis in Canada

A drumbeat at RavenQuest BioMed! The state-licensed cannabis manufacturer could announce a few days ago that it has received a Health Canada sales license at the company's Markham facility, also known as "Bloomera Inc. The license allows RavenQuest to start selling medical and recreational cannabis throughout the country. The license allows RavenQuest to direct production from both its Markham and Edmonton plants through Markham so that all RavenQuest production can be sold under the Markham distribution license.
This licensing marks an important milestone for the company, which is now able to get involved in the fast-growing market for recreational cannabis.

News: RavenQuest Awarded its First Cannabis Sales License from Health Canada

Aurania Resources First Drilling Program Indicates Epithermal Gold-Silver System
Aurania Resources recently announced that the first scout drilling program at Crunchy Hill on the Lost Cities - Cutucu project in Ecuador is nearing completion. Drilling has confirmed evidence of an epithermal gold-silver system and epithermal alterations and sulphides are present in the core; however, no significant vein systems have been intersected to date. At Crunchy Hill, seven drill holes were completed for a total of 2,600 metres. The first drill hole intersected 8m at 1.1 grams per tonne of silver from 7-13m and 13.2m at 1.8g/t silver at 44.2-57.4m, both intervals having negligible gold grades. Results for the additional 6 holes plus one additional drill hole are expected shortly.
News: Aurania Reports Initial Results from First Scout Drilling in Ecuador & Provides Quarterly Update

First Cobalt to commission cobalt refinery as soon as possible
First Cobalt has recently announced that it has initiated a capacity study at Scoping level to estimate the capital and operational requirements for various production scenarios using cobalt alumina as the starting material for the restart of the first cobalt refinery in Ontario, Canada.
Highlights of the study are:

  • Talks with third parties on the supply of raw materials and capital for the restart of the first cobalt refinery 18 to 24 months after completion of the raw material supply terms.
  • The study will define the production capacity of the First Cobalt Refinery in Ontario under certain marketing scenarios using higher quality raw materials.
  • The study will provide detailed estimates of investment and operating costs for the processing of cobaltalxite at different production rates.
  • First Cobalt owns 100% of the refinery, which is the only fully licensed cobalt refinery in North America capable of producing battery grade cobalt sulfate.

This study is an important step for First Cobalt to become the first North American refiner of battery-compatible cobalt sulfate.
News: First Cobalt Advances Refinery Commissioning Strategy

TerraX Minerals to drive exploration activities
TerraX Minerals provided a company update a few days ago and further information on the planned exploration plans for the Yellowknife City Gold Project 2019. The work of the past 12 months has brought the company to the brink of a potentially very significant discovery.
News: TerraX Minerals Corporate Update
Video: Newsflash #92 With Delrey Metals, TerraX Minerals & Treasury Metals

Sibanye-Stillwater with positive quarterly report
Sibanye-Stillwater recently presented investors with an operational update for the quarter ended 31 March 2019. The improved financial performance from the combined PGM business more than offset the strike-related losses at SA Gold activities. Adjusted EBITDA of Rand 1,819 million (excluding Rustenburg) from the combined PGM business resulted in a positive Group adjusted EBITDA of Rand 176 million. Including Rustenburg, pro forma adjusted EBITDA from the combined PGM business would have been Rand 2,574 million. The strike at SA Gold's activities was successfully concluded at the end of the quarter. A five-year collective agreement for the Stillwater mine and the Columbus metallurgical complex was concluded after the end of the quarter, which means planning security for the time being.
News: Operating Update Quarter Ended 31 March 2019

EnWave enters Japanese market
EnWave recently announced that it has signed a royalty-bearing commercial license and equipment purchase agreement with Calbee Inc. Calbee is a Japan-based company mainly engaged in the production and sale of snack confectionery, bakery and cereal products. The agreements give Calbee the exclusive right to explore and manufacture EnWave’s Radiant Energy Vacuum ("REV™") food dehydrogenation technology for the development of high-quality healthy fruit and vegetable snack products and ingredients in Japan in small quantities. In 2019 Calbee plans to carry out intensive product development and in 2020 to start several runs through marketing testing activities. If Calbee's products appeal to Japanese consumers, Calbee intends to expand its production through a larger ongoing "REV™" processing line.
A first step into the big Japanese market!
News: EnWave Signs Commercial License and Equipment Purchase Agreement with Calbee Inc.

Caledonia Mining receives planning security for gold sale
Caledonia Mining recently reported on a press release from Fidelity Printers & Refiners in Zimbabwe regarding the gold support price. Caledonia's operating subsidiary Blanket Mine sells its gold production in Zimbabwe to Fidelity and is contractually entitled to receive a price set by the London Bullion Market Association (the "LBMA Price") on the afternoon of the day following the analysis of the gold bars delivered. Fidelity's announcement states that it will pay an incentive price in excess of the contractual purchase price to create an incentive for gold production in Zimbabwe. This incentive price will be 44,000 dollars per kilogram (1,368 US$/ounce). This corresponds to a premium of approximately US$/oz 86 (6.7%) on the current LBMA spot price.
This gives Caledonia Mining valuable planning security for its future gold production.
News: Caledonia Mining Corporation Plc Announcement of gold support price for Zimbabwean gold miners

Caledonia Mining publishes quarterly results
Caledonia Mining recently released results for the first quarter of 2019, with gold production for the quarter at 11,948 ounces approximately 8 percent below the first quarter of 2018. Production was impacted by lower quality, although this was expected as part of the mine plan. Consolidated pre-tax operating profit of $12.3 million for the quarter was 105 percent higher than the first quarter of 2018, although this increase was exclusively due to exceptional foreign exchange gains of $3.3 million following the devaluation of the Zimbabwean domestic currency and a gain of $5.4 million on the sale of a subsidiary. Attributable net income of $9.3 million was also significantly higher than in the comparable quarter of 2018 due to exceptional items that more than offset lower gross profit. Operating cash flow for the quarter was $6.3 million and the Company's balance sheet remained solid at $9.7 million as of March 31, 2019.
News: Caledonia Mining Corporation Plc Results for the quarter ended 31 March 2019

Treasury Metals reports sensational drilling results!
Treasury Metals reported significant exploration results a few days ago from Earn-in partner G2 Goldfields Inc. on its 100% owned Weebigee Gold Project in Northwest Ontario.
Drill hole 19-04 intersected four zones of quartz veins and pyrite mineralization that contained notable gold intercepts inclusive:

  • from 58 m: 2.4 m with 3.89 g/t Au
  • from 69 m: 8.0 m with 34.5 g/t Au
  • from 95,8 m: 1,64 m with 49,83 g/t Au
  • from 104 m: 3.0 m with 3.06 g/t Au

In addition, hole 19-06 was drilled in the W1 zone through the hinge of a southeast dipping syncline. She perfused a strong mineralization within the QEP above and below a mafic unit including:

  • from 60,10 m:     5,80 m with 4,85 g/t Au
  • from 83,67 m:     10,33 m with 10,92 g/t Au

The highest-grade result was a whopping 536.37 g/t Au over 0.5 metres.
The drilling clearly confirms the high elevation of the gold targets in this area.
News: Treasury’s Weebigee Project is reporting High-Grade Gold Discovery; Drills 8 m of 34.5 g/t Gold and 10.33 m of 10.92 g/t Gold in two holes at W1 Zone, Sandy Lake, NW Ontario


Swiss Resource Capital AG and the authors of Swiss Resource Capital AG currently hold or intend to hold shares in the following companies mentioned in this issue: Saturn Oil & Gas + Copper Mountain Mining + DelRey Metals + First Cobalt + Millennial Lithium + RavenQuest BioMed + Aurania Resources + TerraX Minerals + Sibanye-Stillwater + EnWave + Caledonia Mining + Treasury Metals.

Swiss Resource Capital AG has concluded IR consulting agreements with the following companies mentioned in this issue: Copper Mountain Mining + DelRey Metals + First Cobalt + Millennial Lithium + RavenQuest BioMed + Aurania Resources + TerraX Minerals + Sibanye-Stillwater + EnWave + Caledonia Mining + Treasury Metals.

This publication is based on Swiss Resource Capital AG's detailed risk warnings, limitations of liability and disclaimers, which can be viewed here: Risk Disclosure and Disclaimer

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