PlayfairPLY

Jr. Miner $PLY $PLY.v on TSX-V.

#NickelNi #CopperCu #CobaltCo in Norway.
#GoldAu in Ireland.
#TungstenW in Canada.
1-888-244-6644 [email protected]

[PlayfairPLY @PlayfairPLY]

"After over 2 years of methodical exploration using modern methods in an almost 400-year-old under-explored mining district Playfair has defined seven high priority drill targets in five areas. We have now started our drill program to test these compelling targets." CEO Don Moore

[Norges geologiske undersøkelse (NGU) @NGUgeology]

“Norway is an attractive country in the context of the EU because we have the geological conditions to find critical minerals and metals, and can extract resources in a sustainable manner, says Project Director for Norge Mineraler AS." https://t.co/Wo4jM0QCy0

[Zach Flood @floodgeo]

Interesting thread here with some views on the Frotet royalty deal as well as the ‘project generator’ model.

It’s probably safe to say most speculators don’t love that model, mostly due to the perception that a project generator won’t see full upside in a discovery and/or control the destiny of the project going forward.

In my opinion it’s not so black and white. It’s about risk management and allowing the company to take as many shots as possible, with the lowest amount of dilution, until the holy grail is found.

Most speculators manage exploration risk by owning a basket of companies of which most, if not all, will fail. Personally I’d rather not spend my time building and managing a company which will almost certainly fail by design. This is the reality of exploration. So instead we get creative, offset risk, increase shots on net, wait for the right time to swing for fences or when cost of capital becomes low enough and the target looks good enough.

That leads to my last point - cost of capital. If it takes 100% dilution to test a target you aren’t going to last long in this business. If it’s 5% or 10% even, you can afford some shots without risking shareholder revolt. @KenorlandMin current cash position will allow us to be more aggressive and sole fund a few projects even through drill test in the near term, but we still will do deals to advance the rest of the portfolio.

At the end of that day, Kenorland is probably doing more true greenfields exploration than any other company out there, and it would be impossible to keep it all advancing without doing deals with third parties. The goal is to create value, whether through royalty, minority interest, equity stakes, or 100% owned.

@KenorlandMin $KLD.v

[Sven Gollan @Kilpisjaervi]

Number of #exploration and #mining licences granted and amended in #Norway per year.

835 in the whole of 2023.
After one month in 2024, we have just passed 650.

The sleeping giant is waking up - fast. 🇳🇴
$TMIN @TeakoMinerals #copper #cobalt #gold #REE
@CapellaMinerals @PlayfairPLY @KunikoLtd

[J_Wise_geology @J_Wise_geology]

The great decline in #copper ore grades is slowly leveling off because there is an #energy limitation on the return for processing the lower grades- some call this a "mineralogical barrier"

#mining

[Sven Gollan @Kilpisjaervi]

#Sustainable and local #mineral supply for Europe? Security of #commodity/#rawmaterials supply chains? Any ideas?

There will be so much more to discuss in the coming days, weeks and months, but for today I would like to quote the top manager of one of the largest car manufacturers worldwide. I spoke to him 2 days ago in the Norwegian parliament.

His comment to the questions above: "Norway is fundamental." 🇧🇻

Now it's up to us & others to prove this and make it happen. This will not be a "every explorer on its own!"-action. "My project, my secret" is a thing of the past. 

This will be a joint movement of various partners with different strenghts. And we will leave no doubt that Teako will be at the centre of this development to move forward with strong collaborations.
$TMIN #copper #cobalt #zinc #nickel #ree #gold

[Sven Gollan @Kilpisjaervi]

Almost 22 hours on tour. Undoubtedly we have some amazing people and companies in #Norway, with special ideas to realise the potential based on local characteristics.

Sustainable and local #mineral supply for Europe? Security of #commodity supply chains? Any ideas? 😏

(P.S.: Oslo is not so shabby 😉)
$TMIN @TeakoMinerals

[Chris Berry @cberry1]

Battery metals since early 2018 (peak of last cycle)

[Sven Gollan @Kilpisjaervi]

For a long time, #zinc, #cobalt and #manganese in #Norway were only considered waste rock from high-grade #copper mining. This offers us an incredible opportunity in what is now a highly developed country, including the infrastructure we need to speed up modern exploration. $TMIN

[Vanessa Pickering @VPIR2ndcoming]

@Kilpisjaervi @TeakoMinerals people don't realize the potential in resampling old core - many times the operator at the time it was drilled couldn't afford multi-element analysis.

[Sven Gollan @Kilpisjaervi]

#Mining in #Norway 🇧🇻: "...4 out of 10 Norwegians believe that increased extraction of minerals should be facilitated. Only 1 in 10 are negative. The relatively large proportion with no opinion shows the challenge facing the industry. Those who are familiar with the mining industry, for example by having such operations nearby, are far more convinced of the industry's importance..."

[Brandon Beylo @marketplunger1]

Robert Friedland (@robert_ivanhoe) is one of the most important voices in Metals & Mining.

When he speaks, we should listen.

He recently gave a 40-minute speech on Green Energy, Electrification, Metal Scarcity, and more.

Here are my notes from the talk 👇

WHAT DOES "ENERGY TRANSITION" MEAN?

"You have a billion people that burn firewood to live. They have no access to electrical energy."

"We're burning more coal and more oil today than in the history of the world."

"We spent $4T putting up solar panels for hydrocarbons to still capture 83% of energy source."

"You're not going to stop global warming by buying an electric car."

ON ELECTRIC CARS & EV BATTERIES

"With current lithium ion technology, the destruction we cause, the global warming gas we cause, we might as well sit on our chairs and do nothing."

"You just bought your wife a coal-burning car by buying an EV."

"The current generation of EV batteries will be toast in 2-3 years."

"I would short every lithium company in the world."

"We're going to kill the lithium hydroxide business over time."

COMMON METALS VITAL FOR TRANSITION

"If we're going to have a transition, we need common and abundant materials. We can't rely on things like nickel."

"The batteries they're making now are low-grade lithium metal. You don't need nickel, cobalt, graphite, They're out the window."

"You want batteries made out of common materials so billions of people can use it."

WOMB TO TOMB EXAMINATION OF NET ZERO

"Look at the whole system if you're trying to eliminate global warming."

"The Chinese are saying 2060 and India is now saying 2070. What does that tell you?"

"There's zero chance that the twelve major automakers will find enough nickel to make their batteries."

"The amount of metal we need doesn't exist currently in a way that's green or sustainable. It's apparent to any readily intelligible person."

"How can we stop burning coal and oil and not have an energy transition?"

TWO COMPETING PARADIGMS

"We have two competing tribes. One tribe says 'I want to save the world, I'm green, I need cobalt, nickel, platinum, or palladium'. The other tribe says 'Holy shit, the Army/Navy wants these metals for national defense.'"

"The intensity of metal demand in conflict is beyond your wildest imagination. In WWI you needed a telescope to see the price of copper."

"So we're heading to a world where both tribes have a strong demand for more metals. We're balkenizing the world into two camps and its tearing the global supply chains apart."

A VERY DIFFICULT TIME

"It does appear that the world is warming, and there's zero chance we'll reduce that. The question is how bad will it get?"

"I was in CA recently, it was $6.20 per gallon. The average citizen is pissed off."

"I agree with Jamie Dimon that this is the most dangerous time since I've been alive."

"The Fed are idiots. They told us that inflation was over. And it's not even close."

WE NEED TO REINVENT THE MINING INDUSTRY

"First of all, we have to try to mine in the United States. No intelligent person has tried to do that in the last few generations."

"Everything is blown out of proportion because mining is viewed as a bad thing."

"We also have to determine what metals we actually need for the future. Which is copper."

"Imagine you're plugging an EV w/ 1MW charger. Our grid is literally a 110 year old lady waiting to die. The Chinese tell me it will take $21T to rebuild the electrical grid."

"Our grid is like balancing a pencil vertically on your palm. There's no storage there."

"The symbol of the US, the bald eagle, is flying into offshore windmills. They're just chewing them up. Who wants to live near them? They're very low density."

"At least real miners know how hard it is to actually find metals and mine it."

ENERGY CONSUMPTION

"A Google search requires 1,000 joules of electrical energy. You think its free, but its paid for by advertising."

"You think the internet is green? You know how much energy it requires to use AI/ChatGPT? You think Bitcoin/crypto is green?"

IMPORTANCE OF COPPER

"I don't know if we need gold. But I do know we need copper. And we need it really badly."

"Having said that, I'd rather there be gold in my copper. Because people will always want gold."

"People are getting rid of their excess copper because they're de-stocking to reduce their interest cost. But we're nearing the end of de-stocking and paper selling."

"This huge clash is coming between Army, Navy, Air Force and the Greening of the world economy. And the miners have an unbelievable burden to make that happen."

"At the same time we need these metals, its harder to get the equipment needed to mine the metal!"

"The miners have a very important role to play to supply the world with the metals it desperately needs."

IMPORTANCE OF SAUDI ARABIA

"If Saudi Arabia can't maintain basic energy security, we'll have $200-$300 oil. We need stability in that pricing. At $100-$300 oil, people in Egypt don't eat."

"Saudi is playing a beneficial role by keeping oil between $70-90 per barrel."

AUDIENCE Q&A

"The valuation of the mining industry relative to the S&P 500 is the lowest in living memory. The general person thinks that mining is evil and must be eliminated."

"50% of what goes into an EV is hydrocarbon. If we stopped producing oil, half of humanity would die from starvation."

"I don't think we understand how formidable the Chinese are."

"In a Balkenized economy, we went from a Just-in-Time supply chain to a Just-in-Case supply chain."

"How much metal do we need to build nuclear reactors? How much steel, concrete, rebar, nuclear engineers do you need to build these things?"

"The problem is that the world economy is Balkenized. Where is the steel coming from? Where are the pumps coming from? The French want nuclear power, and the Germans are burning coal. Even within Europe, its Balkenized. That's all I see."

"I think the mining industry needs to defend itself more. Where do you think stuff comes from? There's the hardware of the mine (tons, grade, engineering).

Then there's all the people around the mine (locals). There's invariably a clash with the locals around the mine. Unless they're buying into it, its not going to happen. That's the software around mining."

ON KNOWING WHERE THINGS COME FROM

"People don't realize where things come from. As people live in urban environments, they forget where things come from."

"We need to communicate the importance of mining and humanize it as an activity. We need to mine in the United States. We need to figure out what should be mined, where we're allowed to mine, and how."

[Sven Gollan @Kilpisjaervi]

It never ceases to amaze me that in a country like #Norway - with an extraordinary potential of mineral resources *onshore*, a long #mining history & important infrastructure already in place - there is a very vocal group in favour of focusing on deep sea mining. And all of this in the name of the green transition. #copper #cobalt #nickel #zinc

[Anthony Milewski @A_Milewski]

#copper

[Sven Gollan @Kilpisjaervi]

Exploring 👷‍♂️👷‍♀️⛏️ #Norway is...different. 💙

Kvænangen, Northern Norway, in September.
$TMIN @TeakoMinerals
#Norge #NaturePhotography

[Sven Gollan @Kilpisjaervi]

A #northernlights show like this is the perfect way to end the $TMIN #Norway field trip.

There have been many impressions for us in the last few days. We could only share a few of them with you, but you can be sure there is more to come. As always, if you follow the @TeakoMinerals story. We 💙 exploration.

We wish you a nice weekend - ha en fin helg - hyvää viikonloppua! 🇨🇦 🇧🇻 🇫🇮

[Sven Gollan @Kilpisjaervi]

We also visited the large Løkken #copper mine this week.

Discovered 1652, start of production... 2 years later 😵 (closed 1987).

Those were the times... less paperwork than today, I guess. 🫣
$TMIN @TeakoMinerals #Norway

[Sven Gollan @Kilpisjaervi]

Yesterday we worked with our Alliance partner @PlayfairPLY $PLY.v, sharing knowledge about Central Norway. Today we are on our own, driving and walking a lot, it's a big hunting ground for base metals here and we want to secure prospective ground for Teako, for our investors. $TMIN #copper #zinc #cobalt #nickel #manganese

[The Coring Company @coring_the]

We are happy and proud to announce that The Coring Company and our CEO, Frida Vonstad won the Western Europe pitch final in She Loves Tech 2023. This means that we will now proceed to the Global Final in Singapore on October 26-27. https://t.co/F8BJlb46o1

[🅿🅴🆃🅴 @Pete__Panda]

#Copper discoveries via MinEx