- Stillwater Critical Minerals has the second-largest landholding in the Stillwater Complex in Montana, USA, adjacent to Sibanye-Stillwater’s mine complex.
- The company’s 100 percent-owned flagship Stillwater West project is district-scale in size, covering a rare and world-class magmatic system that hosts five minerals that are listed as critical by the US government.
- The Stillwater West project features Platreef-style deposits of battery and precious metals with exceptional expansion potential, and also high-grade gold.
- Stillwater West has a significant inferred NI 43-101 mineral resource estimate of 2.4 million ounces of palladium, platinum, rhodium and gold as well as 1.1 billion pounds of nickel, copper and cobalt.
- Stillwater Critical Minerals Metals recently announced a deal whereby Heritage Mining may earn a 90% interest in the company’s Black Lake-Drayton gold project in the prolific Rainy River gold district in Ontario, Canada, by meeting specific exploration, development, and payment requirements.
- The company’s wholly-owned Kluane project is a district-scale, highly prospective platinum-group element, nickel and copper project located beside one of the largest undeveloped PGE-Ni-Cu deposits in the world in the Kluane mafic-ultramafic belt in Yukon, Canada.
- Stillwater Critical Minerals’ exploration and development team has extensive experience in top-tier districts such as the Stillwater and Bushveld districts.
- The company is well capitalized and fully permitted, with no debt.
The push for a greener economy has led the American and Canadian governments to identify more than 30 minerals as critical commodities. The US government has called for the development of a local supply chain of certain critical minerals –– including battery and platinum-group metals –– that are needed to meet the surging demand from green energy needs.
When it comes to sourcing battery and platinum group metals, one type of deposit stands out as a key target. Platreef-style deposits are massive in scale and feature disseminated nickel and copper sulfide mineralization that is enriched with platinum-group elements (“PGE”), gold, chrome, and more. These occur stratigraphically below the high-grade reef-style deposits typically associated with South African PGE mines which are the dominant global source of platinum group metals. Whereas these reef deposits are narrow and require high-cost selective mining methods, the wide widths of Platreef-style deposits are amenable to low-cost bulk tonnage mining methods, resulting in much lower operating costs. For example, Ivanhoe Mines’ (TSE:IVN) Platreef mine in South Africa is anticipated to be one of the largest and lowest cost platinum-group metals mines in the world at more than 1.1 million ounces of palladium, platinum, rhodium and gold production per year. Anglo American’s giant Mogalakwena mine and Platinum Group Metals’ Waterberg project bring the total endowment of the Platreef to over 400Moz PGEs, and tens of billions of pounds of nickel and copper, plus other minerals.
Today, Ivanhoe Mines’ Platreef mine has an indicated mineral resource estimate of 42 million ounces of platinum, palladium, rhodium, and gold, plus 3.66 billion pounds of nickel and copper, in a compelling and attractive mix of battery and platinum group metals that is comparatively rare. A growth-stage exploration company that shares this Platreef deposit style in a politically stable jurisdiction like the US would present an exciting opportunity for investors, particularly in light of the federal government’s quest to secure domestic supply of these critical elements.
Stillwater Critical Minerals (TSXV:PGE, OTCQB:PGEZF, FWB:5D32) is a Canadian mineral exploration company focused on advancing its large-scale flagship Stillwater West platinum, palladium, nickel, copper, cobalt and gold project in Montana, USA. The project is located in the iconic Stillwater Complex of Montana, USA, a rare world-class magmatic system that is geologically similar to the Bushveld Complex in South Africa which hosts the Flatreef, Mogalakwena and Waterberg deposits as well as numerous high-grade platinum deposits within the Merensky and UG2 reefs. Similarly, the Stillwater district hosts Sibanye-Stillwater, currently operating the world’s highest grade PGE mines along the analogous J-M reef, as well as Stillwater Critical’s Stillwater West project.