🧡#Uranium deposits in the #Athabasca basin have some of the smallest lateral foot print from all commodities. This is due to a high grade nature.

UEX has some brilliant visuals of Shea Creek deposits that we can learn from. Image
2/x Kianna and Anne deposits of "Shea Creek discovery" are the most interesting. These are 250-500 m long and c. 40-100 m wide. The high grade part is even smaller!

Kianna has 34 mln lbs @ 1.5% U3O8
Anne 24 mln lbs @ 2% U3O8 ImageImage
3/x Nice resources for such small uranium deposit footprint. What makes these deposits a bit challenging is the depth of 700m.
4/x Profile figure shows that Anne deposit is located on the contact between sandstone and basement (unconformity).

Presence of "pelitic gneiss" is important for formation of right type of chemical environment that allow uranium to precipitate.

(pelitic = graphitic) Image
5/x You can see in the map view that uranium mineralisation follows the "pelitic gneiss".

Pelitic gneisses aka. graphite rich rocks are strong conductors. That's why companies drill conductors in Athabasca basin. Only small % of them host uranium deposits. Image
6/x If you want to learn more about uranium geology in the Athabasca basin, you can check out the blog: equivest.capital/post/short-gui…

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More from @equivestinvest

Oct 21
1/x🧡
Most of remaining global #copper "yet to find" resources are estimated to be in sedimentary copper deposits.

Major sedimentary copper deposits occur on 170km lithosphere thickness boundaryπŸŒŽπŸ‘€

Nature likes order πŸ“

Why does it happen?

How can you use it as an investor? Image
2/x
Below paper summarised for non geos πŸ‘‡

I read it so you do not have to. Image
3/x Before we dive in, you need to know what is "lithosphere" .

Part of crust and upper mantle - the harder outer shell of planet earth.

Thickness can vary from few kms to 400km depending on the place on earth. Image
Read 11 tweets
Oct 21
1/x Looks like everyone is starting to catch up on nickel laterite HPAL Indonesian projects impact on #nickel market.

Detailed thread below - been flagging since Q1.

Bye, bye πŸ‘‹ low grade nickel sulphides. If you hold one of those I would seriously rethink.
2/x Does it mean nickel sulphide discoveries are worthless? πŸ€”

No! Large, tonnage and high grade nickel sulphides projects have superior economics and will produce profits at lower nickel prices.

They are also rare to discover and are acquired quickly at 1bln+ usd valuations.
3/x
Nova discovery by Sirius made during bottom of commodity cycle. Went from 5c to 50c in few months. Acquired for 1.8 bln AUD.

ft.com/content/cc8c55… Image
Read 5 tweets
Aug 7
1/x What makes quality #mining deposit❓

Summary of Mines vs Mineralisation research paper.

Four key elements that need to work together:
1. Social Licence
2. Geological Factors
3. Financial engineering
4. Operating factors

Geology underpins linkages between the elements.
2/x For mineral deposit to be economic it must able to meet challenges related to high energy costs or even social license to operate.

i.e. Significant size and grade in a stable geographic location are important.
3/x As an investor it is really important to define what such project looks like in terms of dimensions, grade, depth, location etc.

It will help you to pick right companies to invest!

This is also critical for management teams and geos...define what you are looking for πŸ™
Read 7 tweets
Apr 27
1/x If you are investing in #nickel projects pay attention to sulphide vs laterite.

20 m @ 1% Ni

βœ… good intercept for sulphide deposit
πŸ”΄ poor intercept for laterite
2/x I am surprised how poorly companies label their projects as laterite.. Run search in NR for "laterite" πŸ”Ž
3/x So what is a nickel laterite?

Volcanic rocks with a low grade nickel weather in tropical climate and nickel ore concentrates in the weathering profile.

Intercepts of 7-15% of Ni are common on good projects.
Read 7 tweets
Apr 10
1/x
Commodity cycle start or end?

Note: I am not commodity analyst, but exploration geo at the bottom of the commodity chain for metals/hydrocarbons.

Sharing some stats in the 🧡
#mintwit #commodity #batterymetals #mining
2/x
Reading macro analysts, following arguments emerge.

Current commodity run is:
- supply chain related only
- speculation fueled
- long term secular shortage in commodities
- caused by geopolitics, sanctions etc.
- going to end soon
- going to last a decade
3/x
I am personally watching for short term pull back, but support long term commodity price increase trend from supply shortage perspective.

Uncertainties: china, wars, geopolitics.

Below is some data supporting long term commodity bull.
Read 12 tweets
Apr 7
1/x Would you support more onshore conventional #gas drilling in #Europe to replace Russian gas dependence?

Please vote as I want to share with European Commission. #EnergySecurity
2/x European onshore exploration was primarily focused on oil. From 60-70s focus shifted to the North Sea, especially for gas.

Below map of onshore oil & gas fields and pipelines in Europe's Southern Permian Basin. There are several other producing basins in Europe. Image
3/x Finding another elephant GrΓΈnningen (2740 bcm) could replace 17.5 years of Russian gas import to Europe.

If you do not look, you do not find.
Read 4 tweets

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