“It is a large system, and that’s fairly uncommon for a junior within the first place. Massive magmatic methods with grade are very uncommon on the planet,” he says in an interview.
“You’ve received the Bushveld Igneous Complicated in South Africa, the Norilsk Camp in Russia, after which there’s the Stillwater Complicated of Montana. Stillwater appears quite a bit just like the Waterberg in South Africa.”
Since buying the venture in 2017, Group Ten has been working feverishly in direction of establishing first assets at Stillwater West. “Our technique is to debut these assets, get them on the desk, develop the corporate round these and develop them organically by way of the drill bit, to create worth,” says Rowley.
“We expect we’ve already accomplished that for an growth subsequent 12 months. I don’t have the outcomes but, after all, however visually we predict we have now. And we’ll most likely do a much bigger program subsequent 12 months. We’ve primarily doubled our program every of the 4 years we’ve been on the bottom, and we look ahead to doing that once more, possibly extra subsequent 12 months.”
Rowley believes the preliminary useful resource assertion will make a sturdy debut. “It’s going to position us properly amongst our friends,” he says. “We anticipate we’ll develop these assets as quick as we will difficulty an replace subsequent 12 months.”
Consulting engineering agency SGS Geological Providers just lately accomplished a web site go to and is working with Group Ten to ship the useful resource estimate. The preliminary useful resource will hinge on essentially the most superior goal areas at Stillwater West, comprising the Chrome Mountain, Camp, and Iron Mountain targets.
The corporate is finalizing block fashions comprising drill-defined nickel and copper sulphide mineralization, enriched in palladium, platinum, rhodium, gold and cobalt for launch within the close to time period.
Along with the extra superior areas, the inaugural useful resource figures will embrace the Crescent goal space following the profitable growth of the block fashions based mostly on the continuity of mineralization noticed in all goal areas.
Diamond drilling is ongoing, with one rig on the Chrome Mountain goal space, and a second that accomplished precedence holes on the Camp goal space earlier than transferring to the Iron Mountain space.
Group Ten has drilled twelve holes thus far. Rowley says situations stay beneficial, and this system is anticipated to proceed into October.
The corporate is endeavor an induced polarization geophysical survey to the west of the extremely profitable 2020 survey within the Chrome Mountain goal space. In-fill traces, and extra extension traces off the east finish of the earlier work on the Crescent goal space, are additionally deliberate.
Bulk mining in North America
Rowley says Group Ten is bringing PGM bulk mining to North America for the primary time. The mannequin was pioneered by Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) on the Platreef venture in South Africa, and utilized to the Mogalakwena mine within the early Nineties by Anglo American (LSE: AAL), and continued immediately at Platinum Group Metals’ (TSX: PTM) superior Waterberg venture.
“These three adjoining initiatives comprise the Platreef district and are comparable in stratigraphic location and mine mannequin, with bulk mining strategies, economies of scale, and co-product nickel and copper sulphides,” says Rowley.
Group Ten additionally provides cobalt to that blend at Stillwater that the Bushveld doesn’t have.
Bulk mining brings a lot decrease working prices (about $400 per oz. at Anglo American and Ivanhoe Mines) and multi-decade mine life compared with standard platinum group mines from slender reef-type deposits which have dominated manufacturing for a lot of a long time traditionally, in line with Rowley.
“For instance, our neighbour Sibanye-Stillwater mines at about $800 per ounce, and the deepest mines within the Bushveld, house to three-quarters of the world’s platinum assets, have even larger prices in each financial and human phrases,” says Rowley.
Stillwater West is in a parallel location at Stillwater, in a famously comparable system, and the main focus is clearly on these extra intensive, Platreef-style methods. “To be clear, we have now recognized reef-type mineralization — and these are mirrored in our cross-sections. However our upcoming assets will likely be bulk-tonnage Platreef-in-Montana PGE-nickel-copper-cobalt-plus-gold mineralization, with plenty of room to develop,” he says.
In the meantime, the corporate has engaged Greg Dipple and his group on the College of British Columbia, Canada, for a second section of analysis to evaluate the capability to make use of mineral carbonation to bind carbon dioxide for everlasting disposal as a part of a possible mining operation at Stillwater West.
Preliminary work has proven good potential based mostly on the presence of sure minerals at Stillwater West. This subsequent section of the examine is anticipated to refine and advance that work by figuring out particular minerals in rock samples whereas attainable response charges, amongst different gadgets.
“This new examine paves the way in which for additional reductions within the carbon footprint for all our commodities in a attainable manufacturing situation at Stillwater West, offsetting the impression of mining actions and doubtlessly even attaining important reductions whereby the uptake and disposal of carbon exceeds the emission from operations.
“Along with being strongly aligned with Group Ten’s Environmental, Social and Governance pointers and ideas, the incorporation of carbon uptake could deliver monetary advantages by way of initiatives such because the 45Q Tax Credit score for Carbon Oxide Sequestration that’s now in place within the U.S.,” Rowley says.
Over the past 12 months, Group Ten Metals’ shares listed in Toronto have traded inside a variety of C26.5¢ and C51¢ and at presstime have been C33¢ per share.
(This text first appeared in The Northern Miner)