Junior Resource Investing

JRI 29: Tag Oil Drilling Update. “What we have right now is a company maker.”

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CEO Toby Pierce of Tag Oil (Tao.V) provides an operational update on Tag's Abu Roash - F exploration. With their first ever well - a vertical reentry - now just a few short weeks away from releasing its IP30 numbers, signs are increasingly pointing to the fact that Tag's exploration thesis has been resoundingly confirmed by what they've found subsurface. Toby discusses preliminary drill results, as well Tag's plans for continued acquisitive growth in the coming months and years.
Time Stamps:
1:00: Why no IP24
2:30: What did this well do to your knowledge and confidence
4:00: Any surprises from the results
5:30: Current production rates
7:00: Barrels sold thus far
8:00: Quality of Recovered oil
8:45: What’s next?
10:00: Ordering and Maintenance Prior to Spud
13:00: Is June spud still a go? Potential for delays
15:00: How Long to drill the first horizontal well
16:30: How many stages will they frac?
18:30: Benchmark IP30 number for first horizontal well
19:30: M&A – where is Tag’s focus?
22:00: Unconventional vs conventional targets
23:30: Are they becoming known in Egypt
25:15: How far along is the M&A process
27:00: Growth through acquisitions philosophy
29:15: How to finance growth
31:45: Omega’s recent discovery on former Tag land package
33:45: Recent options exercising
Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

JRI 28: Update from Mike Schwarz on iTech’s Lacroma Project. Why good news is on the horizon.

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Managing Director of iTech Michael Schwarz joins me today to provide an update on iTech's Lacroma Project, answering questions posed by investors. With a working geological model and more than a dozen assays in the lab already (and dozens more to drill) the next few months have the potential to be truly impressive for iTech.
Time Stamps:
1:00: Baseline commercial numbers for graphite numbers
2:00: low-grade vs. high-grade
2:45: Sugarloaf Results
4:00: What do these results tell us about Sugarloaf?
5:45: Update on Sugarloaf Met work
8:00: How many holes are involved in the Sugarloaf met process
9:00: Australian met work in addition to ANZAPLAN
11:30: Transferability of Sugarloaf knowledge to Lacroma
13:50: Visual cues from RC drilling with graphite
14:45: How is Lacroma looking informally/holes in the lab
16:00: Two weeks till assays
16:15: Update on Lacroma drilling
17:00: Meters and holes remaining on Lacroma
18:00: Flexibility of their drill campaign
20:00: Lab used for analysis
Disclaimer
The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

JRI 27. Why Giga Metals is ”the lowest risk undeveloped large nickel project on the planet.”

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Giga Metals is a Nickel Developer working on advancing its Turnagain Nickel-Cobalt project to production in BC’s Golden Triangle having signed a very exciting JV with Mitsubishi last fall and have a PFS expected in just a few short months. They have 7 billion pounds of Nickel M+I and trade on the TSXV under the ticker GIGA and on the OTCQX under the ticker HNCKF and in Frankfurt under BRR2.
Time Stamps:
01:20: Elevator Pitch
03:50: Company Dormancy and
08:40: Name Changes
10:15: Ownership
12:00: Why a larger share structure isn’t the worst idea
17:30: Mitsubishi as a partner
21:30: Permitting in difference jurisdictions
23:00: The importance of ethical production of nickel
24:30: Macro tailwinds
26:45: Mitsubishi as a partner 2.0
31:00: How much more of the company is up for sale?
31:50: FS and construction decision
35:10: Leveraged nature of Giga
38:40: Giga as an “If/Then” opportunity
40:00: Plans to improve economics for Turnagain?
41:20: Geological advantages of Turnagain
46:20: Support from local Indigenous communities
49:15: Updated expectation for PFS release
50:00: Final thoughts to Mark
Disclaimer
The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

26. ”We want to give people the power to drive change.” Chad Clovis discusses Karbon-X’s potential.

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Chad Clovis, CEO of Karbon-X, joined me recently. Karbon-X is a carbon credit company that has invested in a portfolio of carbon reduction projects from around the world. But Kabron-X has two parts to it, combining the traditional carbon credit business model with a social media-focused personal carbon credit subscription model for people to lower their own carbon footprint.
Time Stamps:
2:00: Chad's Professional History
4:45: The Karbon-X Team
6:30: IPO and imminent TSXV listing
7:30: Share structure and ownership
9:00: Current and future value of carbon credits
11:30: Overview of Karbon-X projects
17:20: Capex and Opex
18:40: What is needed to be cash flow positive, revenue models, and
20:00: The “Karbon-X” App discussion
23:30: Planned roll-out for their app.
25:00: Marketing Plans
27:00: What will make Karbon-X sticky in a competitive sector?
29:00: Business model balance between credits vs. app
30:10: Valuation multiples for carbon credit companies
32:30: Catalysts in the short term
34:45: Future financing requirements
36:15: Final thoughts
 
Disclaimer
The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

JRI 23: Electric Royalties - How this green energy royalty co. reduces risk while retaining upside.

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Electric Royalties is a royalty company with a growing portfolio of 21 separate royalties established to take advantage of the drive toward green energy and electrification. The Company is focused predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk. The royalty model is an effective and intelligent way to diversify and reduce risk while still retaining exposure to the blue-sky upside that defines the resource sector. It trades under the ticker ELEC on the venture exchange and ELECF on the otc in the states.
Time Stamps:
01:30: Elevator Pitch
07:00: Explanation of the different types of royalties there are and their benefits
10:00: Brenda’s due diligence and selection criteria
12:20: Type of project they focus on – mineral, grade, jurisdiction, management
14:30: When to invest in a pre-production company.
15:40: Sector agnostic? Fully thematic? Bull thesis on the sector.
17:00: Balancing Electric’s portfolio between minerals
18:50: Added complexities of investing in and valuating royalty companies.
21:15: Valuation metrics to judge royalty companies by
24:00: Jurisdictional preferences and why Electric ended up in Madagascar with Graphmada
27:00: Greening the supply chain
28:20: Highlighting some of his favourite projects
28:30: Authier
29:00: Seymour Lake 30:20: Rana Project
31:19: Mont Sorcier Vanadium
33:20: Global resource outlook
35:15: Middle Tennessee and Penouta – current revenue streams
39:50: Annualised Revenue Rate
41:00: How involved is Electric Royalties after the deal is done
42:10: How long till Electric Royalties hits its stride in terms of revenue
44:10: Brendan’s professional history
47:40: Ownership %s of Electric
49:00: Discussion of use of Electric Shares in deals
51:00: Share count and overhang
51:55: Cash on hand
52:20: 2023 Catalysts
54:15: Final word to Brendan
 
Disclaimer
The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. Rights to all images remain with original owner.

JRI 22: Impressive and growing discovery with more yet to come. Why Thesis Gold is so compelling.

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Ewan Webster, CEO of Thesis Gold, joins me today. Thesis Gold is a primary Gold explorer whose core project is the prolific Ranch project in BC’s Golden Horseshoe which consists of epithermal gold deposit and possible underlying porphyry mineral system. It continues to put out impressive, mine-making results in a district ripe for consolidation. It trades on the TSXV under the ticker TAU and on the OTC in the US under the ticker THSGF.
 
Time Stamps:
01:30: Elevator Pitch
02:20: Ewan’s career and its relevance to Thesis Gold
04:45: Origins of the Ranch Project
06:30: Relationship between Benchmark and Thesis
08:00: What drew Ewan to the Ranch project?
11:15: Assays remaining from 2022 drill campaign
12:30: What are you doing differently than previous explorers to find success with Ranch
17:30: 2022 Drill Season Recap
18:20: 2023 Exploration Plans
22:00: Drill season in the Toodoggone
23:40: Cost per meter
25:00: Local community support
27:00: How many meters of drilling going into new resource?
28:55: Logic of when to (or not to) release a resource
30:30: Share structure, ownership, etc.
34:10: Clarifying why Thesis’ auditor recently resigned
35:15: Met Testing
38:10: Carrying the project to the end vs. selling it
40:40: Recap
41:40: Timing of the PEA
42:00: 2023 Catalysts for Thesis
43:30: Final Thoughts

JRI 21: ”It doesn’t get much better than this.” Terry Lynch updates us on Power Nickel’s 2023 plans

Time Stamps below. Please like and subscribe! Power Nickel (PNPN) Located in Quebec (Canada), Power Nickel's flagship NISK project is a high-grade nickel sulphide deposit positioned to be one of the greenest sources of class-1 nickel in the world. With access to abundant low-carbon hydropower and easy road access, NISK is well setup to supply the battery metals market with sustainably mined, environmentally-friendly high-grade nickel. 2022 was a year of important confirmation for Power Nickel. Drill results proved their Nisk targets were high-grade, bigger, and deeper than previously thought. With a rapidly expanding 2023 drill season being planned, this year could be a transformative one through the drill bit for PNPN.
 
Time Stamps:
01:30: What did phase 2 drilling completed last fall accomplish for Power Nickel? Confirmation of geological thesis, extension along strike and at depth.
03:50: Assays remaining on phase 2
05:10: Phase 3 plans
09:30: Increasing size of phase 3 – what that signals
10:45: Karbon-X Carbon Offset
12:10: Fleet space technologies and what their tech can do for Power Nickel
18:45: More rundown on 2023 use of 15,000 meters
20:30: 2023 PNPN upcoming catalysts and news
21:30: Power Nickel: Risk vs. Reward
22:23: “It doesn’t get much better than this”
22:55: Update on hole 23
23:50: Final thoughts from Terry
25:10: Where do things end for Power Nickel?

JRI 20: Perpetua Resources and Building for the Future by Addressing the Past

Time Stamps below. Please like and subscribe! Perpetua Resources is a late-stage developer focused on The brownfield Stibnite Gold Project in the abandoned Stibnite Mining District in mining-friendly Idaho. It is home to well over 4 million ounces of recoverable gold and one of America’s largest deposits of Antimony, a critical resource. It trades on the TSX and on the NASDAQ under the ticker PPTA. Time Stamps:
01:30: Elevator pitch for Perpetua
03:00: Laurel and her career experience
04:20: Jess and her career experience at majors
09:00: Perpetua’s Geos
11:00: Share structure
13:30: Cash-on-hand and burn rate and DoD funding
15:45: History of Perpetua’s Stibnite land package
18:00: Past environmental impacts
20:00: Use of their money to exceed baseline environmental regulatory standards
22:40: Recent public comment period on Perpetua’s Environmental Impact Statement, US Forest Service Approval
24:00: Orphan Period on the Lassonde and permitting.
25:00: Jurisdiction
27:00: Further discussion of permitting process – where they’ve been and where they’re going
30:00: Timeline for moving to construction
31:20: Derisking of permits not reflecting in share price appreciation
37:00: Macro tailwinds
38:00: Use of Antimony and its role as critical mineral, pricing, etc.
43:30: Any future exploration? Revisiting FS?
45:50: The deposit: grade, size, geology, planned mine strategy, strip ratio, etc.
48:50: Metallurgy and Recovery process
50:20: Favourable project economics
52:15: Further project optimisation?
53:45: 0-18 month catalysts
54:45: Final thoughts

JRI 19: Invictus Energy. Scott clarifies Mukuyu-1 results and IVZ’s evolution into an oil developer

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Invictus is opening one of the last untested large frontier rift basins in onshore Africa - the Cabora Bassa Basin – in northern Zimbabwe. The first high impact well, Mukuyu-1, came back agonisingly close to a discovery announcement and the company is now preparing its next move in this highly prospective basin. MD Scott MacMillan is here today to hopefully shed some light on the recent past as well as the near future of Invictus.
And please join the sister investing community: Community Investment Server:
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02:30: New Board Member John Bentley
06:15: Sneak Peek at new board member 12:00: Scott recaps the drilling of Mukuyu-1
19:50: “I think we’ve got something here”
25:30: Background gas
33:00 “The Discovery Perspective… but we had to stop because it wasn’t working”
35:15: Price of the Rig
40:30: Lessons to take from M-1
41:30: Timelines
42:00: LWD tool 46:30: Budget costs for M-1/ST-1 and paying for failed services
47:20: Market Response (and discrepancy) “I think there has been a fundamental misunderstanding of what we found”
49:30: It’s not a geological issue, it is a tool issue”
49:45: Chance of Success
53:30: Net Pay from samples (samples in the lab)
59:40: Geologist Questions
61:00: Depositional Environment
63:00: Source Rocks
64:40: Upper Angwa as primary target 67:00: Oil Samples Found Within the Sidewall Core
70:10: Seal “We saw a lot of seal in this basin and very effective” “You don’t get these sort of opportunities very often to join a company in this sort of phase”
71:50: Next steps. Seismic vs. Spud “We’ve got a big portfolio of prospects and leads”
74:50: Why not twin a drill hole just for a fluid sample just to gain a discovery
75:50: Stepping out
76:30: Resource Estimate
80:50: Rainy season and surface conditions 82:50: Long lead items and how much they’re ordering
84:30: Rig Upgrades and Repairs
87:00: Warm-stacking the rig
88:30: Schedule for the next 0-12 months
90:00: Thought process behind the decision-making on the next move
95:00: Farm-in and JV Interest
97:30: “The hard part is knowing where we should be” “It is something that has been missed by the market, and mispriced”
102:00: Upper Angwa Reservoir Quality
105:50: Financing
113:40: Parting Thoughts
 
Disclaimer
The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

JRI #18: Critical green minerals mined sustainably: Why Itech Minerals is a compelling opportunity.

Time Stamps below. Please like and subscribe! And please join the sister investing community: Community Investment Server: https://discord.gg/aezrEwnx
 
Our latest guest, Michael Schwarz, is the Managing Director of Itech Minerals. Itech (ASX: ITM) has a number of different projects but is currently focused expanding the resource at the advanced Campoona Graphite Project in mining friendly South Australia and is well-positioned to take part in the rapidly growing renewable energy and battery materials market.
 
Time Stamps
01:30 – Elevator Pitch for Itech
02:40 – Macro Introduction to critical mineral graphite
04:20 – Description and Advantages of natural flake graphite
07:00 – spherical vs. synthetic graphite
08:30 – South Australia green energy
10:15 – Global Graphite Production
12:40 – Electric Vehicle Demand
14:00 – Demand Realities for Graphite CAGR
15:40 – Capex Intensity of Graphite
16:40 – Size of Itech’s project mine
17:30 – Geopolitics of Graphite and Australian Trade with China
 
18:50 – Green Graphite Focus
20:00 – No Spot Price for Graphite
21:50 – Price for Itech’s Graphite
23:20 – Price growth for graphite
24:30 – Length of time till production
25:50 – Introduction to Itech Minerals
28:15 – Itech’s Resource Portfolio
29:45 – Itech’s Project Philosophy
32:20 – Itech’s team
34:20 – Cash-on-hand and burn rate
35:00 – Drill Campaign and Sugar Loaf, Campoona, and Lacroma
37:45 – Cost Per Meter
39:00 – South Australia mining support
41:00 - Any ESG concerns
45:30 – Share count
47:00 Introduction to projects
48:20 importance of quality met work
49:15 – Mine Life Requirements
51:15 – Drilling target goal
51:45 – Cracking Sugar Loaf’s metallurgical code
52:45 – What is Sugar Loaf’s complexity?
58:00 – Location and Depth of drilling
61:30 – ANZAPLAN legitimacy
65:45 – What is Itech’s biggest unanswered question?
70:00 – 2023 Catalysts for Itech
 
Disclaimer The content found in the JuniorResourceInvesting podcast is for informational and entertainment purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. The information provided is accurate to the best of our knowledge, but we are not responsible for errors, omissions, or inaccuracies. We are not registered investment advisors. It is based on opinions, SEDAR filings, current events, press releases and interviews but is not infallible. It may contain errors and JuniorResourceInvesting offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on JuniorResourceInvesting or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. Similarly, we have been compensated by the company we interviewed for this episode, which is also an obvious conflict of interest. JuniorResourceInvesting may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on JuniorResourceInvesting is to be used at your own risk. By following JuniorResourceInvesting, you agree to hold JuniorResourceInvesting, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.