Group 1 - New Gold (NYSE: NGD) has experienced significant stock performance improvement since the publication of a previous article recommending it as a buy [1] - The author has over 10 years of experience researching various companies across multiple sectors, including commodities and technology [1] - The focus of the author's research has been on metals and mining stocks, with a comfort level in other industries such as consumer discretionary, REITs, and utilities [1]

Group 1 - The analyst has over 10 years of experience researching more than 1000 companies across various sectors including commodities and technology [1] - The focus has shifted from writing a blog to creating a value investing-focused YouTube channel, covering hundreds of companies [1] - The analyst expresses a particular interest in metals and mining stocks, while also being comfortable with consumer discretionary, staples, REITs, and utilities [1]

Core Viewpoint - Element 29 Resources Inc. has initiated a new exploration drilling program at its Elida Porphyry Cu-Mo-Ag Deposit in central Peru, aiming to unlock significant resource growth and expand the existing mineral resource estimate [1][2]. Group 1: Drilling Program Details - The drilling program will consist of up to 7,000 meters of diamond drilling, targeting resource expansion beyond the current pit shell to depths exceeding 1,000 meters [3]. - The program includes infill drilling to enhance confidence in the existing mineral resource and improve overall Cu-Mo-Ag grades [3]. - The exploration drilling will utilize a 3D resistivity model from a recent geophysical survey to identify high-priority untested targets [3]. Group 2: Previous Drilling Results - Previous drilling has confirmed higher-grade Cu mineralization extending beyond the current inferred mineral resource estimate, indicating strong growth potential for the Elida deposit [2][4]. - Notable results from drill hole ELID033 included 1,039.6 meters of 0.54% CuEq, with a significant portion showing higher-grade mineralization [5]. - Drill hole ELID036 is expected to enhance overall Cu-Mo-Ag grades and potentially expand resources beyond the current pit shell, targeting a large low-resistivity anomaly [7]. Group 3: Project Location and Infrastructure - The Elida deposit is located within a block of 29 contiguous concessions totaling 19,159.06 hectares, easily accessible from Lima, Peru [8]. - The project benefits from nearby infrastructure, including transportation routes to coastal shipping ports and a hydroelectric generation facility located 15 kilometers from the property [9]. Group 4: Mineral Resource Estimate - An independent pit-constrained Inferred Mineral Resource Estimate outlined 321.7 million tonnes of 0.32% Cu, 0.029% Mo, and 2.61 g/t Ag at a 0.2% Cu cut-off grade [12]. - The mineralization has been traced to depths greater than 900 meters, remaining open for further exploration [11].

Core Viewpoint - Metallium Ltd. has secured a Phase I SBIR contract from the U.S. Department of Defense to recover gallium from waste streams, marking a significant step towards enhancing domestic supply chains for critical materials [1][2]. Group 1: Contract Details - The awarded contract is valued at A$100,000 and will utilize Metallium's proprietary Flash Joule Heating process to recover gallium from LED scrap and gallium-rich waste streams [1]. - The project is expected to be completed within six months, with plans for further funding applications following successful completion [2]. Group 2: Strategic Importance - Gallium is classified as a critical material for defense, semiconductors, and communications, with current supply largely dependent on non-allied nations, posing national security risks [3]. - The project aims to establish a domestic pathway for gallium recovery while also enabling the recovery of other valuable metals like germanium [3]. Group 3: Technological Innovation - Metallium is leveraging its patented Flash Joule Heating technology, developed at Rice University, to extract high-value materials from various waste streams, including e-waste and refinery scrap [3]. - The company has secured its first commercial site in Texas and has options for two additional sites in Massachusetts and Virginia [3].

Core Viewpoint - Visionary Copper and Gold Mines Inc. is set to initiate a comprehensive exploration program at its 100% owned Pt. Leamington Project in Newfoundland, aiming to expand the volcanogenic massive sulphide deposit by targeting high-priority exploration areas, particularly near-surface resources [2][4][5]. Exploration Program Overview - The exploration program marks the first drilling activity in over two decades, focusing on resource expansion and targeting higher-grade zones [3][4]. - The program will include sampling of six historic drill holes to facilitate a broader resampling initiative [3] - The exploration is strategically timed with elevated metal prices, particularly for copper and gold, to maximize the potential value of the Pt. Leamington deposit [4]. Technical Insights - The Pt. Leamington deposit is recognized as one of the higher tonnage deposits in the Newfoundland Appalachians, with significant potential for resource growth due to its open-ended nature in multiple directions [5]. - The exploration will prioritize testing downdip and along-strike extensions, which have proven successful in similar deposits in the region [5]. Project Accessibility and Environmental Compliance - The Pt. Leamington Project is accessible via road and trails, located approximately 18 km from Pt. Leamington and 20 km from the provincial power grid [5]. - All exploration activities will comply with environmental and regulatory standards, ensuring ongoing engagement with local stakeholders [5]. Specific Exploration Targets - The program includes plans to drill two diamond holes to potentially double the near-surface strike length of the deposit to nearly 1.2 km [10]. - The current strike extent of the deposit is 560 m, with historical drilling indicating significant mineralization, including intersections of 6.73 m at 0.19% Cu and 0.97 g/t Au [11]. - A focus will be placed on the Lower Footwall Zone, which has shown potential for resource growth and is not currently included in the pit-constrained resource [19][22]. Resource Estimates - The Pt. Leamington deposit hosts a significant mineral resource, with a pit-constrained Indicated Mineral Resource of 5.0 million tonnes grading 2.5 g/t AuEq, equating to approximately 402,000 ounces of AuEq [32]. - An Inferred Mineral Resource of 13.7 million tonnes grading 2.24 g/t AuEq is also identified, totaling around 986,500 ounces of AuEq [32]. Future Plans - Visionary plans to conduct mineralogical and metallurgical testwork to evaluate recovery methods for copper, zinc, and gold, which will inform a Preliminary Economic Evaluation for the Project [30]. - The exploration strategy aims to unlock additional value by expanding near-surface mineralization and optimizing metallurgical processes [5][30].

Industry Restructuring - Glencore's South African ferrochrome venture has initiated restructuring discussions [1] - The restructuring talks may result in job losses [1] - This follows the closure of some of Glencore's plants months prior [1]

Core Insights - Luca Mining Corp. has reported significant high-grade mineralization results from its drilling activities at the Campo Morado mine, indicating strong potential for gold, silver, copper, zinc, and lead deposits [4][6][21] - The ongoing exploration programs, both underground and surface, aim to expand the existing mineral resources and confirm the potential of the Reforma and El Rey deposits [12][15][21] Exploration Results - Surface drillhole CMRF-25-07 intersected 37.2 meters of 13.85 g/t AuEq, including 6.2 meters of 43.77 g/t AuEq [4][7] - Underground drillhole CMUG-25-022 returned assays of 5.5 meters of 15.2 g/t AuEq from an unmined area within 20 meters of current underground workings [3][4] - A total of 24 underground drillholes have been completed, totaling 5,070 meters, as part of the Phase 1 exploration program [4][9] Project Development - The Campo Morado mine covers a land package of over 121 square kilometers and hosts several polymetallic massive sulphide deposits [5][22] - The current exploration campaign is the first substantive exploration since 2014, focusing on defining mineable resources and testing new zones [15][16] - A Phase 2 drilling program is anticipated to follow up on positive results and target additional high-grade gold areas [6][9] Historical Context - Previous exploration efforts at Campo Morado have produced a comprehensive geological database, including over 600,000 meters of drilling and various geophysical surveys [17] - The exploration results have exceeded historical grades and widths, indicating a potential for significant resource expansion [2][6] Market Potential - The rising prices of gold and silver present an attractive opportunity for the company to enhance its asset base through the exploration of the Reforma and El Rey deposits [14][21] - The company aims to systematically explore over 38 identified priority targets within the Campo Morado concession [13]

Core Viewpoint - Hayasa Metals Inc. has entered into an amended and restated option and joint venture agreement with Teck Resources Limited, granting Teck the exclusive option to acquire up to an 80% interest in Mendia Resources LLC, which owns the Vardenis copper-gold project in Armenia [1][2]. Agreement Highlights - The agreement allows Teck to acquire a 70% interest in Mendia by incurring US$15 million in exploration expenditures by December 31, 2029, completing 4,300 meters of diamond drilling by October 31, 2026, and making required payments to the existing majority shareholder [5]. - If Teck exercises the initial option, it can acquire an additional 10% interest by delivering a National Instrument 43-101 compliant pre-feasibility study within six years [5]. - Teck will be responsible for all expenditures related to the Vardenis Project during the option terms, while Hayasa will initially manage the project [5]. - If Teck incurs at least US$2.5 million in the first 30 months but does not exercise the initial option, the agreement will terminate, and Teck will receive a 1.0% net smelter returns royalty [5]. - A corporate joint venture will be formed if Teck exercises the initial option and either does not pursue the second option or exercises it [5]. Project Overview - The Vardenis Project is located in the Central Tethyan Belt in Armenia, covering 9,399 hectares and is accessible by road [7]. - The project is situated 25 km from the Amulsar gold deposit, with previous exploration indicating significant mineralization potential [8]. - In late 2023, Hayasa completed 770 meters of diamond drilling in the Razmik copper-molybdenum zone, revealing strong alteration and mineralization indicative of porphyry-style deposits [8]. Management Changes - Hayasa's Chief Financial Officer, Paul Hansed, will retire at the end of 2025, after a 17-year career in the junior mining sector [9][10].

Geopolitical Risk - Zijin Mining warns that growing geopolitical competition presents a challenge [1] - Nations are vying to secure supplies of strategic commodities [1] Company Profile - Zijin Mining is the world's third-biggest metals miner by market value [1]

Summary of Strickland Metals Limited (STK) Update - August 26, 2025 Company Overview - **Company**: Strickland Metals Limited (ASX Code: SDK) - **Recent Activity**: Exceptional drilling results from the Rygosna project in Serbia, with an eight rig drill program in operation [1][2] Key Developments - **Cenat Deposit**: New high-grade copper-gold discovery reported [2] - **Divestment**: Completed the sale of the Yandel gold project in Western Australia to Gateway Mining [2] - **Institutional Ownership**: Approximately 25% institutional ownership, indicating strong market interest [9] Financial Position - **Cash Reserves**: $32.7 million in cash and Northern Star shares, plus an additional $9 million from Gateway shares [9] - **Market Capitalization**: Approximately $320 million [64] - **Monthly Expenditure**: Currently spending about $3 million per month [64] Exploration and Drilling Updates - **Drilling Progress**: Over 100 personnel working on the project, with eight rigs operational [7] - **Drilling Rates**: Average of 30 meters per day per rig, with a target of 50,000 meters by year-end [67][92] - **Assay Turnaround**: Assays processed in batches, with a turnaround time of 4 to 6 weeks [69] Resource and Geological Insights - **Rogozna Project**: Contains 7.4 million ounces of gold equivalent in inferred resources [11] - **Geological Context**: Located in the Tethian Belt, a significant mineral-rich area comparable to Chile or Peru [10] - **Future Goals**: Aim to increase resources to over 10 million ounces within the next twelve months [64] Specific Project Highlights - **Gardena Deposit**: Focus on drilling to establish resources, with significant gold grades reported [32][33] - **Chennatz Deposit**: High-grade zones identified, with ongoing drilling to improve resource estimates [22][23] - **Kotlovy Discovery**: Initial drilling results indicate potential for economic mineralization [42][43] - **Copper Canyon**: Reevaluation of gold potential beneath the copper zone, with ongoing drilling [49][50] Community and Sustainability Efforts - **Local Employment**: Increased workforce from 25-30 to 55 employees, with a focus on local hires [60] - **Diversity Initiatives**: Female representation in the workforce increased from 10-15% to over 30% [61] - **Community Engagement**: Investment in local projects and establishment of a community center in Novi Pazar [62][63] Market and Investor Sentiment - **Market Reaction**: Mixed responses to drilling results, with a noted desensitization to high-grade intercepts [72][73] - **Long-term Outlook**: Strong support from institutional investors, with a focus on sustainable growth and resource development [75][76] Regulatory Environment - **Government Involvement**: No direct government ownership in Strickland or the project, but positive relations with the Serbian government [98] Conclusion - **Strategic Focus**: Strickland Metals is well-positioned for growth with a solid financial foundation, ongoing exploration success, and a commitment to community and sustainability initiatives. The company aims to enhance its resource base and market presence in the coming years [64][65]