Morning Briefing: Cartier Resources Publish Update PEA for Cadillac

0:02Good morning and welcome back to the Mining Stock Daily Morning Briefing presented by the Clear Commodity Network, and delivering today's top news in mining and mineral exploration. From the new ClearCom Studios, here's your host, Trevor Hall. And good morning, everybody. Welcome back to the Mining Stock Daily Morning Briefing this Thursday, September 17th. The last before we head into the Beaver Creek Precious Metals Summit all week next week, where we have a lot of meetings scheduled and a lot of interviews to bring your way. So stay tuned for that. But metals are having a strong morning today after the Federal Reserve raised rates by 25 basis points.

0:44Gold's up 1.4 % to 4 ,323 an ounce. Silver's up higher about 1.35 % to 6 ,409. Copper's adding 1.4%, trading at$6.52. And on the energy side, crude oil is lower, with Brent down over 2 % to$103 a barrel, WTI off 1.5 % to just about$100 a barrel. That resilience in precious metals after a rate hike is incredibly notable. The market keeps telling the same story this cycle. Investors are pricing in not the rate itself, but what it is responding to, which is persistent inflation. As long as real rates stay negative or barely positive, gold and silver have a fundamental case, and that case does not go away simply because the Fed keeps tightening.

1:35There's also a structural angle worth thinking about. With approximately$7 trillion in short-term Treasury bills outstanding, and the Treasury leaning toward more short-term issuance, yesterday's 25-point hike translates to roughly$18 billion in additional annual financing costs for the federal government. That arithmetic compounds with every hike and remains a long-term structural support for the precious metals. We'll get to the news out of the miners and explorers here in just a moment, but first a quick mention of today's sponsor. This morning briefing is brought to you by Revival Gold. Revival Gold is one of the largest pure gold mine developers operating in the United States.

2:18The company is advancing the Merkur Gold Project in Utah and mine permitting preparations and ongoing exploration are happening at BearTrack Arnett in Idaho. Revival Gold is listed on the venture exchange with the ticker symbol RVG and trades on the OTCQX market with the symbol RVLGF. Learn more about the company at revival-gold.com. Hi, this is Chris Berry, host of the Power Current podcast. Throughout Throughout my investing life, I've been obsessed with a single question. What happens when commodities, geopolitics, and technology collide? About 15 years ago, I founded an advisory firm to help answer this question for both companies and investors alike, and the Power Current podcast is an extension of this effort.

3:04Each episode, we dive deep into the current state of the most important markets, companies, and technologies that will power the revolution in energy today and into the future. Find the Power Current podcast wherever you get your podcasts.

3:23and here's what you need to know this morning cartier resources have released an updated preliminary economic assessment for the cadillac project in quebec outlining a 16.2 year mine averaging 1 000 ounces of gold per year with an initial capital cost of 275.8 million dollars Canadian comes with an after-tax NPV of$1 billion Canadian and an IRR of 26.6 % using a$3 ,600 per ounce gold price assumption. It rises to$1.5 billion and a 37.3 % at the current spot price with an all-in sustaining cost of$2 ,137 per ounce. Cartier Resources trades on the Venture Exchange with ECR. are. Magna Mining has expanded the R2 footwall zone at the Levesque Mine in Sudbury, Ontario, and reported initial results from the near-surface West Main Zone, where surface drilling returned 4 % nickel, 1.7 % copper, 3.5 grams per ton combined platinum, palladium, and gold, and 8.3 % copper equivalent, all over 4.6 meters, and a broader zone of 2.9 % copper equivalent, over 32.9 meters, adding to ongoing R2 football zone results that have included individual veins, grading 9.5 % copper and 23.5 % copper equivalent.

4:53With 597 feet of underground development completed over July and August and refurbishment of the production hoisting infrastructure continuing to advance, the company is working toward a formal mine restart decision. Magna Mining trades on the TSX with NICU. Nucor Gold has reported one of the widest and highest grade thickness intercepts to date at the Boyne Gold Deposit with the Enchi Gold Project in Ghana, an RC hole 411 returning 2.5 grams per ton gold over 69 meters. that included 6.4 grams per ton over 24 meters as part of an 80 ,000 meter drill program underway at a project where a pre-feasibility study was completed back in June.

5:38The results are not yet incorporated into the existing resource estimate and are expected to support future mine plan optimization. Nucor Gold trades on the Venture Exchange with the NCAU and on the OTCQX with the NCAUF. Tudor Gold has reported 10 new drill holes from the perfect storm zone at Treaty Creek in British Columbia, expanding a copper gold porphyry system at depth and a gold dominant epithermal system near surface, with standout results including hole 23 returning 100 meters of 0.25 % copper and then intersecting a deeper gold overprint of 101 meters of 0.98 grams per ton that included four and a half meters of 5.15 grams per ton and an epithermal there was also an epithermal intercept of hole 20 of 81 meters of 0.82 grams per ton from just 78 meters depth the perfect storm zone sits approximately one kilometer from the 24.9 million ounce gold storm deposit and remains open in all directions tudor gold trades on the venture exchange with tud Liberty Gold has validated gold leach recovery assumptions from its Black Pine Feasibility Study in Idaho, with Phase 6 bulk column tests on 7 run-of-mine size ore samples averaging 72.4 % gold extraction, consistent with FS models, while also demonstrating that reducing rock particle size from 10 inches to 1 inch adds less than 3 % additional recovery, confirming the plan to operate without a crusher.

7:18Leech kinetics were rapid with 90 % of total extraction achieved within 36 days. The Black Pine Feasibility Study, published back on September 8th, outlined an after-tax NPV of$2.4 billion US and a 60 % IRR using a$3 ,250 per ounce gold price. Liberty Gold trades on the TSX with LGD and on the OTCQX with LGDTF. Talisky Resources has completed the final ore sorting test program from the Braylor and Gold Project in British Columbia, with Tomra's XRT sorting technology rejecting 57 % to 67 % of waste rock, while upgrading gold grades by 2-2.5 times and recovering 84 % to 87 % of contained gold, performance strong enough that the company has elected to remove the downstream laser sorter from its plant design.

8:14The change saves approximately$4 million Canadian in capital costs, simplifies the direct shipping or operation, and lowers operating expenses, while the XRT-only flow sheet still achieves the primary goal of maximizing the grade and minimizing the tonnage of materials shipped to third-party processors. Tyler's Good Resources trades on the TSX with TSK and on the OTCQB as TSKFF. Scorpio Gold has announced a sonic drilling and metallurgical program to evaluate the reprocessing potential of surface facilities at the Manhattan District Project in Nevada. It includes an original heap leach pad, tailing storage, waste dump, and low-grade stockpile that were created during open pit operations starting in 1980, and heap leach operations that ran from 1989 to 1993.

9:06Mining consultancy SLR International will design and execute Phase 1, which calls for approximately 35 vertical sonic drill holes, with results expected to define whether a near-term reprocessing operation is economically viable. Scorpio Gold trades on the Venture Exchange and on the NASDAQ, both with SGLD. and elemental royalty has declared its quarterly dividend of three cents us per common share payable to shareholders of record as of september 30th with distribution expected around october 15th and has again offered to option to receive that payment in tether gold xaut tokens rather than cash with election forms due by september 24th and token amounts calculated using the lbma afternoon gold price on the last trading day before the record date.

10:01Elemental royalty trades on the NASDAQ and the TSX with the symbol ELE. All right, everybody, that's a wrap here on the morning briefing. We're off to Beaver Creek next week, but we do have a long form episode tomorrow. So stay tuned for that. Mining Stock Daily morning briefing is produced by Clear Commodity Network. It is distributed throughout the world through your podcast network of choice and at clear commodity.net. Have a wonderful day. be well. The information presented should not be considered investment advice. Mining Stock Daily and its affiliates are not responsible for any loss arising from any investment decision in connection with the material presented herein.

10:39Please do your own research or speak with a licensed financial representative before making any investment decisions.