Pivotal Metals

Drilling at Horden Lake to Drive Substantial Re-rating for Pivotal Metals, Analyst Report Says

Description:

Pivotal Metals’ (ASX:PVT) two-rig, 8,000-metre drill program at Horden Lake could capture investors’ attention on the “extreme value and potential upside” of Pivotal shares, according to a report by Hong Kong-based equity research firm Orior Capital.


First assay results from Horden Lake, expected in the first quarter of 2024, has the potential to substantially enlarge and improve the quality of the project’s current resource of 27.8 million tons at 1.49 percent copper equivalent (CuEq), wrote Orior Capital analyst Simon Francis.

Francis noted that the current resource only modelled gold in the central part of the deposit. “Cobalt, platinum, and silver, although assayed in some historical drilling, are not included at all. Based on historical intercepts and current metals prices, including these elements could lift the CuEq resource by as much as 20 percent.”

Valuing Horden Lake in line with peers and Belleterre-Angliers at just AU$10 million suggests a valuation of AU$0.12 cents per share, approximately seven times the current share price, the analyst report added.

Pivotal is expected to deliver consistent newsflow through 2024 beginning with the first assays from the Horden Lake drill program. Results of the Horden Lake mineralogy studies are also expected in the first quarter of 2024. The company is gearing up for an updated mineral resource for Horden Lake and metallurgical test work results are expected in the first half of this year.

Highlights from the Orior Capital report:

  • Drilling underway at Horden Lake: First assays are expected in the first quarter of 2024.
  • Pivotal is one of the cheapest copper explorers globally.
  • Belleterre-Angliers MT survey results expected in the first quarter of 2024.



For the full analyst report, click here.

This content is intended only for persons who reside or access the website in jurisdictions with securities and other applicable laws which permit the distribution and consumption of this content and whose local law recognizes the scope and effect of this Disclaimer, its limitation of liability, and the legal effect of its exclusive jurisdiction and governing law provisions [link to Governing Law section of the Disclaimer page].

Any investment information contained on this website, including third party research reports, are provided strictly for informational purposes, are general in nature and not tailored for the specific needs of any person, and are not a solicitation or recommendation to purchase or sell a security or intended to provide investment advice. Readers are cautioned to seek the advice of a registered investment advisor regarding the appropriateness of investing in any securities or investment strategies mentioned on this website.

PVT:AU
Pivotal Metals

Pivotal Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Pivotal Metals (ASX:PVT)

Pivotal Metals


Keep reading...Show less
Centaurus Metals

Jaguar Nickel Sulphide Project – Feasibility Study

Positive Feasibility Study Demonstrates Strong Economics And Clear Pathway To Develop A Sustainable, Long-Life And Low-Cost Nickel Sulphide Project In Northern Brazil

Centaurus Metals (ASX Code: CTM) is pleased to announce the completion of a positive Feasibility Study (FS) for the development of its 100%-owned Jaguar Nickel Sulphide Project in the Carajás Mineral Province of northern Brazil, which highlights strong economics from an initial concentrate-only project delivering a long-life production profile at first quartile operating costs.

Keep reading...Show less
Electric car plugged into charging station.

Surge in EV Market Drives Demand for High-density Battery Materials

The electric vehicle (EV) sector is growing, spurring the market for battery materials.

As lithium-ion batteries reach their capacity limit, demand is expanding for other raw materials to manufacture high-density batteries, particularly nickel. This metal boasts a wide range of physical properties that make it ideal for the green energy market — plus it’s an affordable component looked to for next-generation as well as existing products.

Demand for nickel for use in EVs is expected to increase tenfold from 2019 to 2030. Since nickel is also used to generate geothermal energy, hydrogen, hydro, wind and solar power, it’s emerging as a key component in green energy.

Keep reading...Show less
Blackstone Minerals

Blackstone Receives A$1 Million R&D Refund Advance

Blackstone Minerals Limited (ASX: BSX) (“Blackstone” or the “Company”) is pleased to announce that it has received A$1 million as an advance from research & development (“R&D”) lending fund backed by Asymmetric Innovation Finance (“Asymmetric”) and Fiftyone Capital ("Fiftyone"), on Blackstone’s future 2024 refundable tax offset for R&D expenditure.

Keep reading...Show less
Pivotal Metals

First Two Step-out Holes Extend High Grades at Horden Lake

Pivotal Metals Limited (ASX:PVT) (‘Pivotal’ or the ‘Company’) is pleased to provide the assay results of two further drill holes from its 2024 diamond drill program completed at its 100% owned Horden Lake Project in Quebec, Canada.

Keep reading...Show less
Ontario map.

Wyloo to Build Canada’s First Battery Materials Processing Facility in Sudbury

Privately owned critical materials company Wyloo announced on May 29 that it has secured a parcel of land in Sudbury, Ontario, to construct Canada’s first downstream battery materials processing facility.

The project is geared at bridging a gap in the conversion of raw materials to battery-grade chemicals for Canada’s electric vehicle (EV) supply chain, while also reducing the country's reliance on imports.

Construction is anticipated to align with the development of Wyloo’s Eagle’s Nest mine in Northern Ontario’s Ring of Fire region, with mine construction expected to commence in 2027 and the facility to follow thereafter.

Keep reading...Show less
Grid Battery Metals (TSXV:CELL)

Grid Battery Metals


Keep reading...Show less
Pivotal Metals

Pivotal Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×