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- ⛏ 100m+ of Gold Found In Namibia
⛏ 100m+ of Gold Found In Namibia
PLUS: Uranium So Rich You Should Wear Protection
Greetings Contrarian,
This is The Next Big Rush, your daily drop of mining/energy investing news. Where we come together and brace for an awesome week of wins. 🤞🏻
Here are the highlights:
🤑 100m+ of Gold Found In Namibia
🤿 Uranium So Rich You Should Wear Protection
✈️ Tin is Flying - Why?
🫡 G7 Nuclear Deal
💰 100m+ Of Gold Found In Namibia
Highlights:
109m @ 2.30g/t (68-177m), 5m @ 7.81g/t (50-55m) and 3m @ 7.49g/t (15-18m)
93m @ 1.24g/t (102-195m) and 13m @ 3.54g/t (42-55m)
70m @ 1.24g/t (112-182m) incl. 2m @ 7.54g/t and 20m @ 1.61g/t
Most importantly, new zones of mineralization intersected east of the resource, in an area never previously drilled.
Assay results of seven holes still to be reported, expected by end of April.
🤩 Uranium So Rich You Should Wear Protection
Highlights:
PLN23-060: 14.5m of 9.4% U3O8 including an ultra-high-grade 5.0m interval averaging 26.7% U3O8, including 2.5m of 45.6% U3O8.
PLN23-048: 13.5m @ 5.3% U3O8 (247.0m to 260.5m), including: 4.0m @ 17.3% U3O8 (249.0m to 253.0m)
Eight out of twelve holes hit high-grade uranium, and a smaller 0.5m section of this new bonanza hole was a jaw-dropping 65.2% U3O8 at a downhole depth of 244.5m.
Boom.
🧨 Tin Is Flying - Why?
The order was made by an economic planning committee in a northern area of the country controlled by the United Wa State Army, Myanmar’s largest ethnic armed organisation.
The committee announced a general halt to mining operations, while allowing producers with valid contracts to continue until 1 August.
The area in question, located in Shan state, borders China and accounted for 30% of China’s total supply of tin ore last year.
However, it remains unclear how much capacity will be affected and what this means for the international market.
Some analysts predict that prices will continue to rise due to the shrinking supply, even if demand remains muted.
Myanmar represents roughly 10% of tin production worldwide.
G7 Nuclear Deal
The saber rattling means that in theory the UK, US, Canada, Japan, and France will utilize their resources and capabilities to weaken Russia's grip on nuclear fuel supply chains, supporting the stable supply of fuels for the needs of today, as well as guaranteeing the safe and secure development and deployment of fuels for the advanced reactors of tomorrow. (Sounds like an attempt at a bad world-peace style song from the 80s, but OK).
The agreement is supposed to be used as the basis for pushing Putin out of the nuclear fuel market entirely, and strengthening their respective nuclear energy sectors.
The G7 also agreed to accelerate the phase-out of unabated fossil fuels, with a focus on coal, and collectively aim to increase offshore wind capacity by 150GW and solar PV to 1,000 GW by 2030.
We bet you Germany didn’t sign a darn thing.
Meme of The Day
#TinBarons this morning
— WTI Realist 🦬🛢️ (@WTIBull)
1:36 PM • Apr 17, 2023
Happy Speculating!
The Editor
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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