Tartisan Nickel Corp. 's Profile
Tartisan Nickel Corp. owns the Kenbridge Class 1 Nickel Project in northwestern Ontario. Updated Mineral Resource Estimate of 117m lbs Ni, 66m lbs Cu. The Company has equity stakes in Eloro Resources, Class 1 Nickel, Peruvian Metals Corp. and Silver Bullet Mines.
Tartisan Nickel Corp. 's Bulletin
Electric vehicles are a disruptive force in the automotive industry. From Tesla to the mainstream automakers, sales of EVs are expected to exhibit continued growth in the coming years. Historical view Global sales of electric vehicles topped 3.2 million in 2020, up from about 2.3 million in 2019. This is in the face of an overall decline in vehicle sales in 2020. A decade ago, these numbers were well less than 1 million vehicles per year. Predictions for 2021 and beyond look promising. Quoted in a recent article for CNBC, Wedbush Managing Director Dan Ives said that he expects the electric vehicle industry to grow into a $5 trillion market by 2030. This figure is estimated at about $250 billion for 2020 by Fortune Business Insights. Disruptive technology Ives views the shift to electric vehicles to be a “green tidal wave” for the industry. He says, “China, GM, Ford, VW and others are all jumping on the electric bandwagon.” He feels that the success or failure of their efforts with electric vehicles will cause many auto stocks to be rerated. Ives believes there will be many winners beyond automakers, he cites firms like Baidu and Apple as potential winners for their contributions on the technology side. Additionally, companies that make batteries and related equipment for these vehicles should share in this growth as well. Ives calls the move toward electric vehicles by the auto industry a “massive headwind” for the oil and gas industry. He cites this and the Biden infrastructure plan that focuses on clean energy as factors that will cause a shift away from oil and gas towards clean energy sources for cars in the future. The future of cars While it’s hard to say exactly what the future of cars will look like, there are more and more new entrants in the electronic vehicle segment all the time. Ives calls this the “fourth industrial revolution.” The demand for electric vehicles is currently highest in China. Demand in Europe is rising as well with Tesla and many of the European automakers rolling out new models. U.S. sales are expected to increase in 2021 as new models are being delivered from a variety of companies. Ford has announced an electric Mustang, with a similar announcement coming from GM regarding the Hummer. Consumers can also expect new options for electric pickup trucks. A related industry that will be impacted not only by the move to electric vehicles, but by technological innovations like autonomous driving and even different methods of car ownership and usage is the insurance industry. Autonomous driving could have safety implications which could impact their risk models. Different types of car usage such as car sharing might reduce the need for individual auto policies which are commonplace today. The impact of a changing industry on investors In the CNBC article referenced above, Ives had said, “In my opinion EV stocks could be up another 40- 50% this year, given what we’re seeing in terms of a green tidal wave globally.” Ives and other analysts feel that the boom in electric vehicles will benefit not only Tesla, but also the stocks of traditional automakers who are able to ride the wave, so to speak. Overall, the prospects for electric vehicles seem bright. Tesla and traditional automakers have solid opportunities here, as do companies that supply batteries and other technology to these companies. To the extent that these trends are realized, it will have a major impact on industries like oil and gas producers, as well as the auto insurance companies among others. SOURCE: https://www.wedbush.com/how-electric-vehicles-are-reshaping-the-automotive-industry/
Industry Bulletin: Battle for Nickel to Power EV Revolution Takes Center Stage in Ontario’s Emerging Mining District
Nickel, traditionally used to make stainless steel, is now taking center stage in the global push towards electrification. The metal is often used as cathode material in the lithium-ion batteries that power our electric vehicles and other clean energy applications. While there are other battery cathode chemistries available to carmakers today (see below), none have been as popular as the ones that deploy nickel (NCM and NCA). In China, the biggest EV market, concerns about the driving range of EVs prompted the government to incentivize the production of lithium-ion batteries with higher energy densities, which precipitated an industry-wide shift towards the nickel chemistries. At the same time, the high cost of cobalt and concerns surrounding the metal’s supply chain integrity have made battery makers constantly looking for more ways to use more nickel instead. The NCM cathode, which is used by almost every major automaker except Tesla, is commonly 60% nickel, 20% manganese and 20% cobalt (6-2-2). However, as battery technology advances, the percentage of nickel is going up; the preferred ratio nowadays is 80% nickel, 10% cobalt and 10% manganese (8-1-1). Looking ahead, Benchmark Mineral Intelligence (BMI) forecasts NCM cathodes to represent over 75% of the cathode market share by 2030, with well over half of these being the 811 high-nickel variety. Nickel, therefore, stands to benefit the most of all the battery metals from higher adoption of EVs and energy storage systems. Nickel Supply Crunch According to commodity market analysts at CRU, nickel usage in EV batteries is expected to grow from 70,000 tonnes in 2017 to 240,000 tonnes in 2023, representing a compound annual growth rate (CAGR) of 20%. In fact, the rate of nickel consumption for EV battery manufacturing is set to outpace both lithium and cobalt over the next decade, with an average annual growth rate of 29%, according to Fitch Solutions. The Bank of America projects that 13.6 million EVs sold in 2025 would need 690,00 tonnes of nickel. That represents nearly the entire mined supply of Indonesia, the world’s top nickel producer, which in 2020 produced 760,000 tonnes out of the 2.5-million-tonne total globally. As mentioned, a majority of the world’s nickel is used in steel production, around 70% to be exact. However, this is expected to change dramatically over the next decade as the need for battery minerals ramps up. By 2040, batteries will represent 33% of nickel demand, taking a large market share away from stainless steel, according to CRU. The research firm also estimates that global primary nickel demand, which stood at approximately 2.2 million tonnes per annum for 2018, is expected to reach 2.8 million tonnes as early as 2023. Therefore, based on a mined production of 2.5 million tonnes last year, the nickel market will naturally slide into deficit in absence of an annual supply increase of at least 300,000 tonnes over the next two years. (Remember, the market not only has to supply enough nickel to meet stainless steel demand, but a significant increase in demand from EV batteries.) Further down the EV supply chain, the mining industry has also taken notice of the impending nickel supply crunch. Glencore CEO Ivan Glasenberg recently said that nickel supplies need to grow by an additional 250,000 tonnes a year, while projecting annual nickel demand to increase from 2.5 million tonnes currently to 9.2 million tonnes over the next decades. BMI notes that nickel is different from other battery metals in its inability to respond quickly to a supply crunch, due to the fact that bringing on a new large-scale nickel mine can often run into the billions of dollars. The Right Nickel Further exacerbating the issue is the fact that not all mined nickel can be used in EV batteries. Like lithium, the quality of nickel is important to battery makers. Current production of nickel-rich battery cathodes requires high-purity nickel, in the form of nickel sulfate, derived from ‘Class 1’ high-grade nickel sulfide deposits. However, most of today’s nickel production is nickel pig iron (NPI) used in steelmaking (also known as ferro-nickel), which is ill-suited for making battery-grade nickel. That essentially rules out over half of the world’s nickel for what is potentially its biggest growth market in EV batteries. A bigger problem lies in the scarcity of nickel sulfide deposits. Nickel deposits can come in two forms: sulfide or laterite. About 60% of the Earth’s known nickel resources are laterites, which tend to be in the southern hemisphere. The remaining 40% are sulfide deposits. Nickel sulfide deposits, also called magmatic sulfide deposits, are formed from the precipitation of nickel minerals by hydrothermal fluids. The main benefit of sulfide ores is that they can be concentrated using a simple physical separation technique called flotation. Nickel laterite deposits, on the other hand, are formed from the weathering of ultramafic rocks and are usually operated as open-pit mines. Unlike sulfides, there is no simple separation technique for nickel laterites. The rock must be completely molten or dissolved to enable nickel extraction. As a result, laterite projects require large economies of scale at higher capital costs to be viable. They are also generally much higher cash-cost producers than sulfide operations. Ontario – Battleground for Nickel Ideally, the mining industry would prefer to see more sulfide deposits given a growing need for battery-grade nickel. But in reality, large-scale sulfide deposits are extremely rare. Map of nickel deposits around the world Historically, most of the high-purity nickel was produced from sulfide ores, including the giant (>10 million tonnes) Sudbury deposits in Ontario, Canada, Norilsk in Russia, and the Bushveld Complex in South Africa. But as these existing mines become depleted, nickel miners nowadays have no option but to choose the lower-quality, more polluting, and more expensive to process nickel laterites such as those found in the Philippines, Indonesia and New Caledonia. According to BloombergNEF, demand for Class 1 nickel is expected to outstrip supply within five years, fueled by rising consumption by lithium-ion EV battery manufacturers. BMI asserts that any new nickel supply to fuel the EV revolution will come from a handful of sulfide deposits (such as Turnagain or Dumont), or from the abundance of laterites in Southeast Asia and Australia — but immediately rejects the laterite production as uneconomic. Decades of underinvestment have been met with only a few large-scale greenfield nickel sulfide discoveries. Indeed, only one nickel sulfide discovery occurred in the past 15 years: the Nova-Bollinger in Western Australia. The result of such limited nickel exploration is a very low pipeline of new projects, especially lower-cost sulfides in geopolitically safe mining jurisdictions. Nevertheless, mining firms would still jump at the opportunity to develop the world’s next nickel mine, should the conditions align. Fortunately, the well hasn’t run dry in some parts of the world. The Canadian province of Ontario, with its historically high output, remains an attractive destination for mining high-grade nickel. Recently, it has turned into a battleground for two of the industry’s biggest names as miners around the globe joust for positions in the battery metals race. Late July, BHP announced its intention to rival Australian mining billionaire Andrew Forrest’s Wyloo Metals in its bid to acquire Noront Resources, which owns all the major discoveries in the emerging Ring of Fire region of Northern Ontario. Among those is the early-stage Eagle’s Nest deposit, billed by Wyloo as the largest high-grade nickel discovery in Canada since the Voisey’s Bay nickel find in the eastern province of Newfoundland and Labrador, with an initial mine life of 11 years. BHP’s offer, which would value Noront at $258.45 million, represents a whopping 129% premium to the miner’s market cap the day before Wyloo unveiled its proposal. Although the BHP deal has the support of the Noront board, a resolution may not materialize anytime soon as Wyloo, being Noront’s top shareholder, is refusing to back down and has suggested it would make a superior offer. The ongoing battle between BHP, whose Nickel West operations in Australia is already a key supplier for battery makers, and the Forrest-backed Wyloo is just the latest example of an industry-wide push towards the booming EV minerals space. Forrest, best known for his leadership role at iron ore giant Fortescue Metal Group, has long signaled he’s interested in battery metals and has expressed ambitions to get into the business for at least half a decade. It was revealed last week that the billionaire has taken up a substantial position in Australian nickel producer Western Areas Ltd., which, like Noront, is also surrounded by takeover talks. For some time, the writing has been on the wall that the world’s nickel supply isn’t growing fast enough to keep pace with the metal’s demand. More nickel projects need to be developed in the next few years to avoid a severe supply crunch. Thus, any junior resource company with a sulfide nickel project, preferably located within a favorable jurisdiction, could prove to be a shrewd investment opportunity. At AOTH, we have our eyes set on two companies that are developing nickel sulfide deposits, both in Canada, within similar geographic settings to the Noront discovery. Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) Renforth Resources is advancing the Surimeau nickel-copper-zinc property in Quebec. This brownfield project covers an area of 260 square kilometres south of the Cadillac Break, a prolific gold structure, and is among current and former producing mines. The current exploration focus is on Victoria West, one of the six polymetallic targets on the property. The target area is located within the western 5 km of a 20 km magnetic anomaly that hosts proven mineralization at either end. Renforth recently completed a four-hole drill program at Victoria West. Like last year’s program, the 2021 drilling yielded more promising results. Specifically, the second hole reported the highest concentration of visible nickel encountered on the property to date. Successive drilling at the Victoria West target is already alluding to higher concentrations of nickel mineralization as it gets deeper. And with that, the company is now on the verge of defining the nickel sulfide mineralization at Surimeau. Palladium One (TSXV: PDM) (FSE: 7N11) (OTC: NKORF) Palladium One is developing the Tyko Ni-Cu-PGE project near Marathon, Ontario, where previous work has indicated high potential for a Voisey-style mineralization. The project covers approximately 24,500 hectares of land within the highly prospective Mid-Continent Rift nickel province, including over 7,000 hectares of the mafic-ultramafic Bulldozer intrusion, which has seen virtually no geological mapping nor exploration. The Archean-aged mafic-ultramafic intrusion is rich in nickel, containing twice as much the battery metal as copper, and equal amounts of platinum and palladium. According to the company, the high tenor of the sulfide minerals suggests a valuable concentrate could be produced, and that even if the sulfides are disseminated, the deposit could still be economic. Drilling in 2020 primarily focused on the Smoke Lake target, an EM anomaly identified through geophysical surveying. Magnetic survey undertaken shortly before drilling helped to refine the anomaly, resulting in the successful discovery of massive magmatic sulfides. The first discovery of massive sulfide mineralization at Tyko was confirmed in January, when the company announced drill intercepts from massive magmatic sulfide of up to 9.9% nickel equivalent. Subsequent drill results reported from the 2020 program were a resounding success, confirming the high-grade nature of the deposit. A second-phase, 2,000m drill program was initiated in April to follow up on these high-grade hits. The assays to date have been excellent, including massive magmatic sulfide intercepts grading up to 10.2% nickel equivalent, demonstrating a robust mineralization spread over a distance of at least 18 km. In addition to the high-grade Smoke Lake zone, Palladium One believes there are new zones of nickel-copper mineralization yet to be discovered. Results of the airborne EM survey will help guide further exploration at Tyko. SOURCE: https://aheadoftheherd.com/battle-for-nickel-to-power-ev-revolution-takes-center-stage-in-ontarios-emerging-mining-district/
Mr. Thomas Larsen reports ELORO RESOURCES PROVIDES UPDATE ON ITS LA VICTORIA SILVER/GOLD PROJECT, PERU In connection with required permitting for continued exploration at La Victoria, Eloro Resources Ltd.'s 82-per-cent-owned Peruvian subsidiary, Compania Minera Eloro Peru SAC, has entered into a surface rights agreement with the Pallasca community in the Pallasca province, Ancash department, Peru. The Agreement allows exploration activities, including drilling, to proceed at the San Markito epithermal silver drill target. The San Markito target is located within the Victoria-APB Concession in the Pallasca District and Province, 430 km NNE of Lima, Peru. Surface mapping and sampling to date has confirmed high silver grades within a silicified breccia structure located at an altitude of 4050m above sea level. Significant silver values from San Markito include 994 g/t Ag with 0.35 g/t Au in a continuous diamond saw channel sample over 4.00m and 390 g/t Ag with 0.53 g/t Au over 1.53m (see December 14, 2016 Eloro Press Release). Induced polarization survey results indicate a steeply dipping low resistivity and higher chargeability anomaly at depth, spatially correlated with the surface mineralization. A 3000m drill program to test the continuity of the breccia mineralization along strike and down-dip is planned. Since 2016, Eloro Peru has been actively engaged with local stakeholders from the Pallasca community and nearby hamlets in order to provide the necessary information to all concerned members. On July 24 2021, an extraordinary community assembly took place, where a majority of community members voted in favour of Eloro Peru's land use proposal. Apart from the land rental payment, Eloro has also agreed to help the community avail itself to government infrastructure funds to enhance the community's agricultural practices and access to water. With the Agreement in place, Eloro Peru can now proceed with the drill permitting process with the Peruvian Ministry of Energy and Mines and the Water Authority. Geades Consulting S.A.C has been retained for this purpose. Geological operations will recommence in September, 2021, under the supervision of Chief Geologist (Peru), Marcelo Alvarez, who led Eloro Peru's 2017-2018 exploration activities. Mr. Alvarez brings 30 years of exploration experience in South American epithermal, mesothermal and porphyry deposit types. He also has extensive knowledge in the modeling and evaluation of mineral resources. Eloro's La Victoria joint venture partner, Burgundy Diamond Mines Limited, holds an 18% interest in Eloro Peru and pursuant to an option agreement, can increase their interest from 18% to 25% by expending a further $1,400,000, subject to the receipt of all required permitting. Qualified Person Luc Pigeon, B.Sc., M.Sc., P. Geo., General Manager of Compania Minera Eloro Peru S.A.C. and a Qualified Person in the context of National Instrument 43-101 ("NI 43-101"), has reviewed and approved the technical content of this news release. About Eloro Resources Ltd. Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. Eloro has an option to acquire a 99% interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. Eloro commissioned a NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited and is available on Eloro's website and under its filings on SEDAR. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick's Lagunas Norte Gold Mine and Pan American Silver's La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometres. La Victoria has good infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level.
Tartisan Nickel Corp. Provides Update on the 10,000 Meter Drill Program at the Kenbridge Nickel Deposit and Grants Stock Options
Tartisan Nickel Corp. (CSE:TN)(OTC PINK:TTSRF)(FSE:A2D) ("Tartisan", or the "Company") is pleased to provide an update on the exploration program at the Company's flagship Kenbridge Nickel Property where a 10,000 meter diamond drilling program is in progress. The drill program is designed to test the on strike and down dip potential for additional nickel sulphide mineralization to enhance the size and grade of the Kenbridge Deposit. As previously reported, two drill rigs have been mobilized to the site and are currently operating. A total of 3,200m of drilling has been completed to date (32% of the proposed 10,000m program). The first 3 drill targets have been completed (drill holes 198, 199 and 200 outlined on attached diagram) and a total of 137 samples have been delivered to TSL Labs in Saskatoon, Saskatchewan for analysis. The drill rigs are currently drilling the 4th and 5th drill holes (201 and 202). Tartisan CEO Mark Appleby states, "The Tartisan 2021 drill program is testing multiple high probability targets as we look to add to the Mineral Resource Estimate at the Kenbridge Deposit, and additionally have proposed drilling a 400 meter conductor at the Kenbridge North site. Tartisan is committed to the rapid advancement of the Kenbridge Nickel Project, a source of the critical metals (nickel & copper) required for electric vehicles and battery storage to the North American supply chain". Fig 1: Long section of the Kenbridge Deposit showing the proposed drill targets. Completed or Holes in Progress, are outlined in gray circles. Grant of Stock OptionsThe Company also reported today that two million stock options have been granted to directors, officers, and consultants to the Corporation, exercisable for a period of five years, at the exercise price of sixty cents per share. About Tartisan Nickel Corp.Tartisan Nickel Corp. is a Canadian based mineral exploration and development company whose flag ship asset is the Kenbridge Nickel Deposit located in the Kenora Mining District, Ontario. Tartisan also owns; the Sill Lake Silver Property in Sault St. Marie, Ontario as well as the Don Pancho Manganese-Zinc-Lead-Silver Project in Peru. Tartisan Nickel Corp. owns an equity stake in; Eloro Resources Limited, Class 1 Nickel and Technologies Limited, Peruvian Metals Corp. and Silver Bullet Mines Inc. Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE:TN)(OTC PINK:TTSRF)(FSE:A2D). Currently, there are 112,754,829 shares outstanding (122,050,344 fully diluted)